Gentherm Inc
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
THRM$29.47-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLID ATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Activities: | |||
| Net income | $18,285 | $64,947 | $40,343 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 53,379 | 52,975 | 50,948 |
| Deferred income taxes | (22,336) | 10,580 | (13,072) |
| Stock based compensation | 12,300 | 10,432 | 11,627 |
| Provisions for inventory | 6,815 | 6,437 | 6,867 |
| Loss (gain) on disposition of property and equipment | 3,025 | (1,603) | 721 |
| Impairment of intangible assets and property and equipment | — | 2,501 | — |
| Impairment of goodwill | — | — | 19,509 |
| Other non-cash items, including unrealized foreign currency loss (gain) | 34,728 | (1,156) | 2,920 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (9,300) | (12,077) | (4,195) |
| Inventory | (21,629) | (34,195) | 6,907 |
| Other assets | (17,780) | (44,696) | (26,179) |
| Accounts payable | 27,563 | 16,222 | 31,029 |
| Other liabilities | 31,741 | 39,279 | (8,160) |
| Net cash provided by operating activities | 116,791 | 109,646 | 119,265 |
| Investing Activities: | |||
| Purchases of property and equipment | (55,673) | (73,314) | (37,602) |
| Proceeds from the sale of property and equipment | 3,770 | 7,862 | 391 |
| Proceeds from deferred purchase price of factored receivables | 745 | 12,876 | 13,903 |
| Cost of technology investments | (1,240) | (955) | (815) |
| Net cash used in investing activities | (52,398) | (53,531) | (24,123) |
| Financing Activities: | |||
| Borrowings on debt | 112,000 | 68,000 | 60,000 |
| Repayments of debt | (143,149) | (70,615) | (72,280) |
| Proceeds from the exercise of Common Stock options | — | 5,791 | 263 |
| Taxes withheld and paid on employees' share-based payment awards | (1,319) | (3,296) | (2,940) |
| Cash paid for the repurchase of Common Stock | (10,015) | (51,585) | (91,094) |
| Net cash used in financing activities | (42,483) | (51,705) | (106,051) |
| Foreign currency effect | 4,789 | (19,949) | 6,691 |
| Net cash increase (decrease) in cash and cash equivalents | 26,699 | (15,539) | (4,218) |
| Cash and cash equivalents at beginning of period | 134,134 | 149,673 | 153,891 |
| Cash and cash equivalents at end of period | $160,833 | $134,134 | $149,673 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $12,611 | $13,007 | $13,242 |
| Non-Cash Investing Activities: | |||
| Period-end balance of accounts payable for property and equipment | $6,053 | $5,154 | $7,754 |
| Deferred purchase price of receivables factored in the period | — | 9,276 | 13,885 |
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