2024 Q1 Form 10-K Financial Statement

#000132046124000034 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $673.6M $0.00
YoY Change 3.74%
Cost Of Revenue $614.8M $608.9M $2.525B
YoY Change -4.03% 2.34% 5.41%
Gross Profit $61.64M $64.70M $290.8M
YoY Change 47.37% 19.12% 124.03%
Gross Profit Margin 9.6%
Selling, General & Admin $55.37M $59.21M $215.7M
YoY Change 6.29% 17.43% 8.17%
% of Gross Profit 89.82% 91.52% 74.19%
Research & Development $84.11M
YoY Change 4.45%
% of Gross Profit 28.93%
Depreciation & Amortization $24.80M $26.93M $109.9M
YoY Change -5.25% -4.85% -10.24%
% of Gross Profit 40.23% 41.62% 37.81%
Operating Expenses $55.37M $60.88M $299.9M
YoY Change 6.29% 17.16% 7.1%
Operating Profit $3.483M $3.824M $46.03M
YoY Change -124.11% 62.52% -143.84%
Interest Expense -$29.28M -$33.19M -$130.1M
YoY Change -3.11% 38.97% 65.67%
% of Operating Profit -840.68% -867.99% -282.59%
Other Income/Expense, Net -$3.649M -$2.004M -$15.70M
YoY Change -8.87% 154.64% 186.2%
Pretax Income -$27.18M -$55.70M -$194.4M
YoY Change -79.22% -23.88% -3.05%
Income Tax $4.131M -$528.0K $8.933M
% Of Pretax Income
Net Earnings -$31.66M -$55.15M -$202.0M
YoY Change -75.71% -37.39% -6.22%
Net Earnings / Revenue -8.19%
Basic Earnings Per Share -$1.81 -$11.64
Diluted Earnings Per Share -$1.81 -$3.17 -$11.64
COMMON SHARES
Basic Shares Outstanding 17.20M shares 17.20M shares 17.36M shares
Diluted Shares Outstanding 17.46M shares 17.36M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.2M $154.8M $154.8M
YoY Change 7.89% -17.16% -17.16%
Cash & Equivalents $114.2M $154.8M $154.8M
Short-Term Investments
Other Short-Term Assets $60.41M $28.92M $57.24M
YoY Change -50.92% -71.52% -56.86%
Inventory $172.5M $146.8M $146.8M
Prepaid Expenses $24.62M $28.33M
Receivables $381.7M $380.6M $380.6M
Other Receivables $139.4M $161.1M $161.1M
Total Short-Term Assets $892.8M $900.6M $900.6M
YoY Change -4.79% -4.77% -4.77%
LONG-TERM ASSETS
Property, Plant & Equipment $588.1M $608.4M $699.6M
YoY Change -7.88% -5.36% -5.14%
Goodwill $140.7M $140.8M
YoY Change -0.92% -0.85%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $89.16M $66.98M $90.77M
YoY Change 2.58% -5.57% -0.01%
Total Long-Term Assets $951.5M $971.7M $971.7M
YoY Change -5.35% -4.54% -4.54%
TOTAL ASSETS
Total Short-Term Assets $892.8M $900.6M $900.6M
Total Long-Term Assets $951.5M $971.7M $971.7M
Total Assets $1.844B $1.872B $1.872B
YoY Change -5.08% -4.65% -4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $356.0M $334.6M $334.6M
YoY Change -8.91% -1.07% -1.07%
Accrued Expenses $125.8M $117.0M $268.0M
YoY Change -13.98% -2.1% 11.98%
Deferred Revenue $15.00K $15.00K
YoY Change 0.0% 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $49.91M $50.71M $50.71M
YoY Change -5.5% -6.31% -6.31%
Total Short-Term Liabilities $659.3M $653.2M $653.2M
YoY Change -9.71% 3.42% 3.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.052B $1.045B $1.045B
YoY Change 5.5% 6.38% 6.38%
Other Long-Term Liabilities $51.24M $52.85M $258.8M
YoY Change 42.33% 53.17% 7.13%
Total Long-Term Liabilities $51.24M $52.85M $1.304B
YoY Change 42.33% 53.17% 6.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $659.3M $653.2M $653.2M
Total Long-Term Liabilities $51.24M $52.85M $1.304B
Total Liabilities $1.968B $1.962B $1.954B
YoY Change -0.09% 5.35% 5.27%
SHAREHOLDERS EQUITY
Retained Earnings -$423.5M -$391.8M
YoY Change 32.25% 106.4%
Common Stock $512.8M $512.2M
YoY Change 0.9% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$115.8M -$81.30M -$81.30M
YoY Change
Total Liabilities & Shareholders Equity $1.844B $1.872B $1.872B
YoY Change -5.08% -4.65% -4.65%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$31.66M -$55.15M -$202.0M
YoY Change -75.71% -37.39% -6.22%
Depreciation, Depletion And Amortization $24.80M $26.93M $109.9M
YoY Change -5.25% -4.85% -10.24%
Cash From Operating Activities -$14.20M $79.68M $117.3M
YoY Change -146.74% -408.95% -424.42%
INVESTING ACTIVITIES
Capital Expenditures $16.83M $17.54M $80.74M
YoY Change -42.47% 38.58% 13.48%
Acquisitions
YoY Change
Other Investing Activities -$165.0K $75.00K -$424.0K
YoY Change -28.88% -44.44% -1513.33%
Cash From Investing Activities -$16.67M -$17.47M -$64.97M
YoY Change -42.58% 39.48% 263.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $657.0K $2.127M
YoY Change -12.98% -49.09%
Cash From Financing Activities -$1.211M -120.5M -$81.14M
YoY Change -98.4% -6826.4% 1801.95%
NET CHANGE
Cash From Operating Activities -$14.20M 79.68M $117.3M
Cash From Investing Activities -$16.67M -17.47M -$64.97M
Cash From Financing Activities -$1.211M -120.5M -$81.14M
Net Change In Cash -$35.93M -58.33M -$29.75M
YoY Change -53.43% 59.71% -49.0%
FREE CASH FLOW
Cash From Operating Activities -$14.20M $79.68M $117.3M
Capital Expenditures $16.83M $17.54M $80.74M
Free Cash Flow -$31.03M $62.13M $36.53M
YoY Change -2880.73% -261.6% -134.05%

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5658000 usd
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20591000 usd
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46177000 usd
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25739000 usd
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15351000 usd
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655000 usd
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885000 usd
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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-29746000 usd
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-58321000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-192450000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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192807000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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251128000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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443578000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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163061000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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192807000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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251128000 usd
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154801000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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186875000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1016000 usd
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1282000 usd
CY2021Q4 us-gaap Restricted Cash And Investments Noncurrent
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2157000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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163061000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192807000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
251128000 usd
CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
80163000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
73221000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10301000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6741000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div style="margin-top:6pt;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing and fuel handling systems (consisting of fuel and brake delivery, and fluid transfer systems). The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries.</span></div><div style="margin-top:6pt;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes it is the largest global producer of sealing systems, the second largest global producer of the types of fuel and brake delivery products that it manufactures and the third largest global producer of the types of fluid transfer systems that it manufactures. The Company designs and manufactures its products in each major region of the world through a disciplined and sustained approach to engineering and operational excellence. The Company operates in 78 manufacturing locations and 50 design, engineering, administrative and logistics locations in 21 countries around the world.</span></div>
CY2023 cps Number Of Operate Company Manufacturing Locations
NumberOfOperateCompanyManufacturingLocations
78 location
CY2023Q4 cps Number Of Design Engineering And Administrative Locations
NumberOfDesignEngineeringAndAdministrativeLocations
50 location
CY2023Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
21 country
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5944000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17193000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
38022000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39202000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
38284000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
40521000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
70540000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
78033000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
146846000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
157756000 usd
CY2023 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Pre-production Costs Related to Long Term Supply Arrangements</span> – Costs for molds, dies and other tools owned by the Company to produce products under long-term supply arrangements are recorded at cost in property, plant and equipment and amortized over the lesser of <span style="-sec-ix-hidden:f-467">three</span> years or the term of the related supply agreement. The amounts capitalized were $3,897 and $4,356 as of December 31, 2023 and 2022, respectively. The Company expenses all pre-production tooling costs related to customer-owned tools for which reimbursement is not contractually guaranteed by the customer. Reimbursable tooling costs are recorded in tooling receivable in the accompanying consolidated balance sheets if considered to be receivable in the next twelve months, and in other assets if considered to be receivable beyond twelve months. Tooling receivable for customer-owned tooling as of December 31, 2023 and 2022 was $80,225 and $95,965, respectively. Reimbursable tooling costs included in other assets in the accompanying consolidated balance sheets were $16,007 and $17,233 as of December 31, 2023 and 2022, respectively.
CY2023Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
3897000 usd
CY2022Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
4356000 usd
CY2023Q4 cps Tooling Receivable Current
ToolingReceivableCurrent
80225000 usd
CY2022Q4 cps Tooling Receivable Current
ToolingReceivableCurrent
95965000 usd
CY2023Q4 cps Tooling Costs To Be Reimbursed
ToolingCostsToBeReimbursed
16007000 usd
CY2022Q4 cps Tooling Costs To Be Reimbursed
ToolingCostsToBeReimbursed
17233000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2330191000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2815879000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
84112000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
80528000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
89956000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span> – The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect amounts reflected in the consolidated financial statements, as well as disclosure of contingent assets and liabilities. Considerable judgment is often involved in making such estimates, and the use of different assumptions could result in different conclusions. Management believes its assumptions and estimates are reasonable and appropriate. However, actual results could differ from those estimates.
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2815879000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2525391000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2525391000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2330191000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
18018000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
18304000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
36950000 usd
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
26584000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
18304000 usd
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
23746000 usd
CY2022 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
362000 usd
CY2022 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-1212000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
19568000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
18018000 usd
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
13878000 usd
CY2023 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
585000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
24293000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
28128000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
28273000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
31912000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5037000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4948000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6736000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
2310000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1136000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
907000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2216000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2017000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2102000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1292000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1316000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1444000 usd
CY2023 us-gaap Lease Cost
LeaseCost
38983000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1525991000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
969907000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
883131000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
608431000 usd
CY2022 us-gaap Lease Cost
LeaseCost
37690000 usd
CY2021 us-gaap Lease Cost
LeaseCost
43101000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1213000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
669000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
256000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
28432000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
28603000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
33402000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1292000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1316000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1440000 usd
CY2023 cps Financeleasesfinancecashflows
Financeleasesfinancecashflows
2247000 usd
CY2022 cps Financeleasesfinancecashflows
Financeleasesfinancecashflows
1958000 usd
CY2021 cps Financeleasesfinancecashflows
Financeleasesfinancecashflows
2133000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8653000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14326000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25010000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
540000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
595000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
644000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.058
CY2023Q4 cps Lessee Operating Lease Lease Notyet Commenced Amount
LesseeOperatingLeaseLeaseNotyetCommencedAmount
1191000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1578338000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
642860000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
3981000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
43710000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
25219000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
142282000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-259000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
142023000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1300000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
91000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
140814000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
190493000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
149925000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
40568000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
191057000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
143416000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47641000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6899000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6458000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4684000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4695000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4035000 usd
CY2023Q4 us-gaap Senior Notes
SeniorNotes
42338000 usd
CY2022Q4 us-gaap Senior Notes
SeniorNotes
397259000 usd
CY2023Q4 us-gaap Medium Term Notes
MediumTermNotes
0 usd
CY2022Q4 us-gaap Medium Term Notes
MediumTermNotes
318787000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
22243000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
23765000 usd
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
48220000 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
51902000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1095448000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1036184000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
50712000 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
54130000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1044736000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
982054000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
51959000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3771000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
45863000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1046546000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2822000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
11301000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1162262000 usd
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.037
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.041
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-81885000 usd
CY2023Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
169543000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
7110000 usd
CY2023Q4 us-gaap Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
47903000 usd
CY2022Q4 us-gaap Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding
DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
52491000 usd
CY2023 cps Amount Of Account Receivable Factoring Without Recourse
AmountOfAccountReceivableFactoringWithoutRecourse
420119000 usd
CY2022 cps Amount Of Account Receivable Factoring Without Recourse
AmountOfAccountReceivableFactoringWithoutRecourse
355295000 usd
CY2023 cps Loss On Sale Of Accounts Receivable Without Recourse
LossOnSaleOfAccountsReceivableWithoutRecourse
2226000 usd
CY2022 cps Loss On Sale Of Accounts Receivable Without Recourse
LossOnSaleOfAccountsReceivableWithoutRecourse
710000 usd
CY2021 cps Loss On Sale Of Accounts Receivable Without Recourse
LossOnSaleOfAccountsReceivableWithoutRecourse
528000 usd
CY2023Q4 cps Cashcollectedonbehalfoffactor
Cashcollectedonbehalfoffactor
6466000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
984448000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
744010000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1038808000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
969600000 usd
CY2023 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
10202000 usd
CY2022 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
11808000 usd
CY2023 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
18550000 usd
CY2022 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
2287000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
19422000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
3039000 usd
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
182007000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
229245000 usd
CY2023 cps Non Elective And Matching Contributions Under Plans
NonElectiveAndMatchingContributionsUnderPlans
13919000 usd
CY2022 cps Non Elective And Matching Contributions Under Plans
NonElectiveAndMatchingContributionsUnderPlans
12015000 usd
CY2021 cps Non Elective And Matching Contributions Under Plans
NonElectiveAndMatchingContributionsUnderPlans
12809000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-289452000 usd
CY2023 cps Deconsolidation Of Joint Venture Foreign Currency Transaction Gain Loss
DeconsolidationOfJointVentureForeignCurrencyTransactionGainLoss
0 usd
CY2022 cps Deconsolidation Of Joint Venture Foreign Currency Transaction Gain Loss
DeconsolidationOfJointVentureForeignCurrencyTransactionGainLoss
-2257000 usd
CY2021 cps Deconsolidation Of Joint Venture Foreign Currency Transaction Gain Loss
DeconsolidationOfJointVentureForeignCurrencyTransactionGainLoss
0 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7300000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1131000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6887000 usd
CY2023 cps Componentsof Net Periodic Benefit Cost Otherthan Service Cost
ComponentsofNetPeriodicBenefitCostOtherthanServiceCost
-6992000 usd
CY2022 cps Componentsof Net Periodic Benefit Cost Otherthan Service Cost
ComponentsofNetPeriodicBenefitCostOtherthanServiceCost
-1831000 usd
CY2021 cps Componentsof Net Periodic Benefit Cost Otherthan Service Cost
ComponentsofNetPeriodicBenefitCostOtherthanServiceCost
1610000 usd
CY2023 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-2226000 usd
CY2022 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-710000 usd
CY2021 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-528000 usd
CY2023 cps Miscellaneous Income Expense
MiscellaneousIncomeExpense
820000 usd
CY2022 cps Miscellaneous Income Expense
MiscellaneousIncomeExpense
444000 usd
CY2021 cps Miscellaneous Income Expense
MiscellaneousIncomeExpense
963000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15698000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5485000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4842000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-249582000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-154779000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-142883000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
55199000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-45721000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-146569000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-194383000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-200500000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
848000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2280000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5158000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
41000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
154000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
68000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13857000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13764000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-1590000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-123000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
74000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12217000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-13000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
106000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-484000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5677000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5473000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
24023000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8933000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17291000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39392000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-40820000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-42105000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-60785000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4122000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2700000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3276000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
8137000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
8413000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
7634000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-474000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
11028000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
39142000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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Files In Submission

Name View Source Status
0001320461-24-000034-index-headers.html Edgar Link pending
0001320461-24-000034-index.html Edgar Link pending
0001320461-24-000034.txt Edgar Link pending
0001320461-24-000034-xbrl.zip Edgar Link pending
cps-20231231.htm Edgar Link pending
cps-20231231.xsd Edgar Link pending
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cps-20231231_g2.jpg Edgar Link pending
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