Gentherm incorporated (THRM)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

222,939

50,443

45,200

33,677

38,769

39,620

47,152

65,357

70,482

103,172

147,626

164,177

133,907

177,187

132,813

132,007

210,556

144,479

129,172

101,643

79,581

85,700

65,169

43,154

57,651

54,885

36,003

49,401

47,977

58,152

72,279

77,294

100,601

23,839

17,062

27,635

26,584

Restricted cash

2,505

2,505

2,504

2,504

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,761

Accounts receivable, less allowance of $1,639 and $1,193, respectively

159,011

159,710

170,823

171,640

175,044

166,858

183,476

200,024

196,616

185,058

182,236

181,273

185,279

170,084

178,965

168,304

161,690

144,494

155,922

149,426

147,545

136,183

147,061

145,957

139,083

118,283

122,330

113,823

107,962

102,261

101,044

94,342

89,905

82,395

90,327

79,507

18,940

Inventory:
Raw materials

60,844

61,323

65,337

66,181

66,316

-

61,770

65,686

64,871

-

59,399

58,364

59,425

-

64,185

58,391

53,394

-

47,350

49,559

51,404

-

46,168

43,409

43,243

-

35,388

32,368

26,802

-

29,975

28,812

31,752

-

-

-

-

Work in process

6,778

7,444

6,863

6,660

4,830

-

6,671

13,251

13,807

-

19,382

15,704

17,070

-

12,909

10,068

4,870

-

4,503

4,905

4,508

-

4,322

2,943

2,870

-

2,720

2,696

2,924

-

2,416

2,187

2,343

-

-

-

-

Finished goods

50,019

49,712

46,591

39,772

40,979

-

40,148

39,426

41,959

-

34,604

32,500

31,960

-

30,110

26,104

28,686

-

26,070

25,152

24,233

-

24,293

21,671

19,478

-

24,698

21,146

22,512

-

19,409

15,385

16,125

-

-

-

-

Inventory, net

117,641

118,479

118,791

112,613

112,125

112,535

108,589

118,363

120,637

121,409

113,385

106,568

108,455

105,074

107,204

94,563

86,950

84,183

77,923

79,616

80,145

77,643

74,783

68,023

65,591

64,217

62,806

56,210

52,238

53,756

51,800

46,384

50,220

46,344

49,667

44,807

6,825

Derivative financial instruments

-

-

897

1,155

857

-

1,299

-

1,168

213

1,542

2,545

1,594

18

-

242

1,324

-

1,556

2,195

2,362

145

145

325

345

67

292

123

148

160

590

1,493

1,795

2,675

3,177

7,409

-

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,335

7,271

7,449

-

5,714

5,738

5,532

6,247

10,149

10,700

10,448

10,616

14,389

13,450

13,718

15,006

9,273

9,283

9,160

12,732

1,286

1,717

4,905

Prepaid expenses and other assets

-

-

39,884

50,128

55,577

-

57,846

62,828

56,848

51,217

37,034

39,939

43,868

32,000

38,679

47,463

45,851

42,620

27,117

33,624

31,510

29,107

31,372

29,042

27,923

21,864

15,222

16,014

13,663

12,809

17,042

16,192

11,440

9,685

11,153

10,610

1,421

Assets held for sale

-

-

6,742

6,714

17,009

69,699

56,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,127

10,534

-

Other current assets

44,941

42,726

-

-

-

54,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

547,037

373,863

384,841

378,431

401,881

443,075

454,546

446,572

445,751

461,069

481,823

494,502

473,103

484,363

464,996

449,850

513,820

415,776

397,404

372,242

346,675

335,025

328,679

297,201

301,041

269,932

251,042

249,021

235,706

242,144

252,028

244,988

263,121

177,670

181,799

182,691

68,436

Property and equipment, net

152,120

160,605

162,783

169,345

168,371

171,380

189,005

203,949

205,232

200,294

190,825

187,391

179,848

172,052

167,336

158,019

131,332

119,157

108,539

101,804

92,444

91,727

88,760

84,158

78,901

79,234

73,608

64,704

56,900

55,010

50,702

46,342

45,484

44,794

43,423

43,701

4,197

Goodwill

63,894

64,572

63,501

65,114

54,721

55,311

55,705

68,845

70,439

69,685

54,287

53,497

52,031

51,735

52,935

51,009

28,826

27,765

28,523

28,472

27,673

30,398

30,264

32,247

25,830

25,809

25,300

24,362

24,004

24,729

24,076

23,555

24,982

24,245

24,802

25,454

-

Other intangible assets, net

50,062

49,783

51,338

55,479

53,188

56,385

60,202

73,574

80,809

83,286

52,520

54,356

55,219

57,557

62,947

65,814

47,972

48,461

52,977

56,916

58,171

68,129

77,277

87,239

81,637

83,431

85,827

86,710

89,279

95,870

103,193

97,983

107,472

103,806

118,288

130,822

4,653

Operating lease right-of-use assets

14,991

11,587

12,136

13,267

14,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

1,692

1,782

575

-

733

811

875

936

1,008

1,079

1,149

1,221

849

896

931

310

333

356

377

406

1,054

945

1,059

1,072

1,246

1,457

1,616

1,880

1,789

2,029

2,250

2,441

3,291

3,555

-

Deferred income tax assets

56,032

57,650

54,380

60,071

61,032

64,024

73,221

82,762

84,946

30,152

44,564

37,805

35,931

35,299

21,882

23,427

25,357

28,471

22,902

22,745

22,007

18,843

19,341

20,104

11,686

7,103

7,772

7,672

6,956

5,361

11,739

12,967

12,675

13,147

28,033

30,792

1,279

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,647

5,094

4,821

1,345

1,158

1,343

1,704

1,969

2,403

2,463

2,865

4,141

5,082

6,730

-

-

-

-

-

Other non-current assets

9,234

9,326

7,000

8,421

9,220

12,872

11,617

13,500

13,371

37,983

37,561

37,867

35,397

40,803

38,608

38,561

38,297

8,403

12,363

12,125

11,126

8,404

11,140

11,599

11,479

13,373

10,701

10,078

9,866

10,062

9,928

9,197

9,555

8,774

3,172

2,346

857

Total assets

893,370

727,386

737,671

751,910

763,046

803,047

845,029

890,013

901,423

883,405

862,588

866,497

832,678

843,030

809,553

787,576

786,535

648,343

625,688

599,754

563,294

554,277

557,673

534,836

513,337

481,923

457,899

446,467

427,192

439,197

458,537

443,791

465,539

374,877

402,808

419,361

79,422

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable

97,065

83,035

89,293

84,009

91,286

93,113

88,991

95,022

88,087

89,596

80,322

83,719

86,156

84,511

88,814

83,949

84,880

77,115

70,386

82,869

84,544

71,434

73,638

64,907

66,198

61,662

55,176

58,958

42,961

42,508

43,270

41,130

43,402

42,533

48,815

39,400

15,275

Accrued liabilities

-

-

67,482

62,706

60,907

-

72,544

72,781

72,908

77,209

65,519

65,946

64,896

105,625

111,355

117,941

96,078

62,707

66,067

62,972

55,496

68,387

69,288

68,394

65,996

66,783

57,696

53,315

53,762

54,157

68,212

57,172

51,489

46,293

47,809

51,392

5,872

Current lease liabilities

4,735

4,586

4,483

5,031

4,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

2,500

2,500

2,500

2,955

2,949

3,413

3,429

3,433

3,485

3,460

3,445

3,414

2,105

2,092

899

889

912

4,909

4,510

4,505

4,657

5,306

4,816

19,519

20,566

21,439

22,164

22,598

22,509

17,218

18,172

15,091

15,309

14,570

15,277

18,251

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

223

238

-

20

21

-

-

669

705

710

710

-

-

-

-

-

-

3,316

3,218

-

-

-

Derivative financial instruments

-

-

-

-

-

-

-

454

1

1,050

-

-

-

1,395

806

320

429

725

5,543

5,296

4,817

2,466

2,944

2,776

2,814

2,552

2,652

2,737

3,073

3,326

3,355

3,795

3,507

5,101

5,036

2,992

-

Liabilities held for sale

-

-

6,742

6,714

7,009

13,062

13,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

67,000

66,583

-

-

-

65,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred manufacturing agreement - current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

Total current liabilities

171,300

156,704

170,500

161,415

166,354

175,396

178,437

171,690

164,481

171,315

149,286

153,079

153,157

193,623

202,103

203,322

182,537

145,456

146,526

155,663

149,514

147,593

151,355

156,301

156,284

153,146

137,688

137,608

122,305

117,209

133,009

117,188

117,023

111,715

116,937

112,035

21,197

Long-term debt, less current maturities

231,667

78,124

97,123

104,393

97,604

136,477

98,000

109,467

105,742

141,209

142,446

159,871

161,032

169,433

140,673

141,098

172,524

92,832

94,781

81,078

81,126

85,469

89,976

65,727

69,762

60,881

65,270

70,230

69,314

39,734

42,110

45,358

58,308

61,677

66,048

72,863

-

Pension benefit obligation

7,619

8,057

6,596

6,765

6,755

7,211

7,312

7,372

7,965

7,913

8,170

7,937

7,571

7,419

6,933

6,805

6,811

6,545

9,977

9,867

9,515

6,706

6,926

7,189

7,036

6,868

4,961

4,858

4,862

5,009

3,548

3,600

3,846

3,872

3,600

3,825

688

Non-current lease liabilities

10,869

6,751

7,391

7,741

9,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,941

9,499

9,017

6,698

6,531

8,288

8,455

9,358

9,553

10,004

10,610

13,245

13,072

14,968

16,011

17,189

18,298

22,473

-

Deferred income tax liabilities

-

-

1,142

2,577

1,649

1,177

3,471

5,636

6,028

6,347

6,674

7,287

8,544

8,058

11,623

12,238

12,865

14,193

10,579

9,636

11,026

10,804

19,348

20,218

17,480

17,975

21,945

21,983

22,180

21,828

21,397

21,694

22,839

23,679

30,685

36,269

-

Other non-current liabilities

1,534

5,100

3,326

3,738

2,890

3,087

7,488

7,422

6,759

2,747

5,207

5,355

5,115

4,092

3,107

3,420

4,485

5,026

5,502

7,163

5,460

2,788

3,419

4,533

2,770

1,601

2,836

3,124

4,146

4,540

3,788

1,917

1,926

1,862

-

-

-

Total liabilities

422,989

254,736

286,078

286,629

284,559

323,348

294,708

301,587

290,975

329,531

311,783

333,529

335,419

382,625

364,439

366,883

379,222

264,052

273,306

272,906

265,658

260,058

277,555

262,256

261,787

249,829

242,253

247,807

233,417

201,565

216,924

204,725

219,953

219,994

235,568

247,465

21,885

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

Series C Convertible Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,809

13,527

22,469

29,633

36,631

43,450

50,098

56,589

62,931

-

Shareholders’ equity:
Common Stock:
No par value; 55,000,000 shares authorized, 32,598,854 and 32,674,354 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

102,059

102,507

103,781

115,310

134,486

140,300

218,569

252,740

266,812

265,048

262,935

266,077

263,656

262,251

260,598

259,309

257,401

256,919

252,621

249,661

246,133

243,255

242,549

238,091

234,991

232,067

228,985

221,079

212,867

166,309

166,126

165,498

165,401

80,502

77,459

66,998

65,148

Paid-in capital

9,648

10,852

11,348

14,020

14,513

14,934

14,293

15,838

16,155

15,625

14,206

12,166

11,176

10,323

1,460

221

-920

-1,282

-6,690

-6,530

-8,185

-8,224

-6,329

-5,820

-7,678

-9,582

-9,076

-7,621

-7,166

24,120

25,383

24,775

23,969

23,387

23,706

22,659

20,128

Accumulated other comprehensive loss

-54,931

-42,441

-54,814

-39,440

-43,152

-39,500

-33,877

-31,843

-7,551

-20,444

-25,223

-37,608

-61,393

-69,091

-47,830

-49,500

-41,385

-51,670

-45,459

-40,528

-45,063

-25,743

-21,204

-7,505

-7,154

-5,203

-9,308

-18,059

-18,463

-11,231

-13,513

-16,643

-11,017

-14,754

-3,995

2,903

93

Accumulated earnings

413,605

401,732

391,278

375,391

372,640

363,965

351,336

351,691

335,032

293,645

298,887

292,333

283,820

256,922

230,886

210,663

192,217

180,324

151,910

124,245

104,751

84,931

65,102

47,814

31,391

14,812

3,854

-4,686

-9,655

-17,383

-16,685

-19,267

-23,003

-28,544

-31,899

-30,080

-27,832

Total shareholders’ equity

470,381

472,650

451,593

465,281

478,487

479,699

550,321

588,426

610,448

553,874

550,805

532,968

497,259

460,405

445,114

420,693

407,313

384,291

-

-

-

294,219

-

-

-

-

214,455

190,713

177,583

161,815

161,311

154,363

155,350

60,591

65,271

62,480

57,537

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,191

1,138

2,665

53,348

50,669

48,072

46,786

44,194

45,380

46,485

-

Total shareholders equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

352,382

326,848

297,636

-

280,118

272,580

251,550

232,094

215,646

191,851

180,248

215,163

211,980

202,435

202,136

104,785

110,651

108,965

57,537

Total liabilities and shareholders’ equity

893,370

727,386

737,671

751,910

763,046

803,047

845,029

890,013

901,423

883,405

862,588

866,497

832,678

843,030

809,553

787,576

786,535

648,343

625,688

599,754

563,294

554,277

557,673

534,836

513,337

481,923

457,899

446,467

427,192

439,197

458,537

443,791

465,539

374,877

402,808

419,361

79,422