Commercial Vehicle Group Inc
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
CVGI$3.21-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| (In thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $2,939 | $8,700 |
| Adjustments to reconcile net income to cash flows from operating activities: | ||
| Depreciation and amortization | 4,472 | 4,262 |
| Noncash amortization of debt financing costs | 76 | 76 |
| Pension cash reversion | — | 2,942 |
| Share-based compensation expense | 664 | 1,771 |
| Deferred income taxes | (367) | (467) |
| Non-cash loss (income) on derivative contracts | 18 | (658) |
| Change in other operating items: | ||
| Accounts receivable | (12,023) | (18,429) |
| Inventories | (460) | 3,594 |
| Prepaid expenses | (3,925) | (2,694) |
| Accounts payable | 13,800 | (4,340) |
| Other operating activities, net | (7,550) | 5,301 |
| Net cash (used in) provided by operating activities | (2,356) | 58 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (5,059) | (3,321) |
| Proceeds from sale of business | 3,200 | — |
| Net cash used in investing activities | (1,859) | (3,321) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayment of term loan facility | (3,281) | (2,188) |
| Borrowings under revolving credit facility | 17,500 | 11,000 |
| Surrender of shares to pay withholding taxes | (2) | (764) |
| Other financing activities | (41) | 4,329 |
| Net cash provided by financing activities | 14,176 | 12,377 |
| EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH | (993) | 545 |
| NET INCREASE IN CASH | 8,968 | 9,659 |
| CASH: | ||
| Beginning of period | 37,848 | 31,825 |
| End of period | $46,816 | $41,484 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.