Long-term debt                           1,057,839                    1,044,736 
Pension benefits                            89,253                      100,578 
Postretirement 
 benefits other than 
 pensions                                   26,336                       28,940 
Long-term operating 
 lease liabilities                          71,907                       76,482 
Deferred tax 
 liabilities                                 3,801                        5,208 
Other liabilities                           40,516                       52,845 
                       ---------------------------  --------------------------- 
     Total 
      liabilities                        1,866,435                    1,962,032 
Preferred stock, 
$0.001 par value, 
10,000,000 shares 
authorized; no shares 
issued and 
outstanding                                     --                           -- 
Equity: 
 Common stock, $0.001 
  par value, 
  190,000,000 shares 
  authorized; 
  19,392,340 shares 
  issued and 
  17,326,531 
  outstanding as of 
  December 31, 2024, 
  and 19,263,288 
  shares issued and 
  17,197,479 
  outstanding as of 
  December 31, 2023                             17                           17 
 Additional paid-in 
  capital                                  518,208                      512,164 
 Retained deficit                        (470,562)                    (391,816) 
 Accumulated other 
  comprehensive loss                     (173,432)                    (201,665) 
                       ---------------------------  --------------------------- 
     Total 
      Cooper-Standard 
      Holdings Inc. 
      equity                             (125,769)                     (81,300) 
 Noncontrolling 
  interests                                (7,601)                      (8,433) 
                       ---------------------------  --------------------------- 
     Total equity                        (133,370)                     (89,733) 
                       ---------------------------  --------------------------- 
     Total 
      liabilities and 
      equity             $               1,733,065    $               1,872,299 
                       ===========================  =========================== 
 
 
                      COOPER-STANDARD HOLDINGS INC. 
                  CONSOLIDATED STATEMENTS OF CASH FLOWS 
                      (Dollar amounts in thousands) 
 
                                           Year Ended December 31, 
                                       2024          2023         2022 
                                   -------------  -----------  ----------- 
                                    (Unaudited) 
Operating activities: 
 Net loss                          $    (78,130)  $ (203,316)  $ (217,791) 
 Adjustments to reconcile net 
 loss to net cash provided by 
 (used in) operating activities: 
     Depreciation                         97,053      103,127      115,761 
     Amortization of intangibles           6,512        6,804        6,715 
     Gain on sale of businesses, 
      net                                (1,971)        (586)           -- 
     Gain on sale of buildings 
      and land, net                      (3,317)           --     (33,391) 
     Impairment charges                      713        4,768       43,710 
     Pension settlement and 
      curtailment charges                 44,553       16,035        2,682 
     Share-based compensation 
      expense                              9,161        7,718        3,259 
     Equity in (earnings) losses 
      of affiliates, net of 
      dividends related to 
      earnings                           (3,246)        (982)       12,450 
     Loss on refinancing and 
     extinguishment of debt                   --       81,885           -- 
     Payment-in-kind interest             12,367       58,808           -- 
     Deferred income taxes              (45,466)      (5,813)        5,653 
     Other                                 5,291        4,838     (10,887) 
 Changes in operating assets and 
 liabilities: 
     Accounts and tooling 
      receivable                          67,761     (12,333)     (65,712) 
     Inventories                         (3,125)        6,412      (2,221) 
     Prepaid expenses                      1,119        2,924      (5,658) 
     Income tax receivable and 
      refundable credits                   (836)        2,603       68,251 
     Accounts payable                   (18,440)        6,743       20,591 
     Payroll and accrued 
      liabilities                       (19,968)       16,924       46,177 
     Other                                 6,338       20,718     (25,739) 
                                   -------------  -----------  ----------- 
      Net cash provided by (used 
       in) operating activities           76,369      117,277     (36,150) 
Investing activities: 
 Capital expenditures                   (50,498)     (80,743)     (71,150) 
 Proceeds from sale of 
  businesses, net of cash 
  divested                                   763       15,351           -- 
 Proceeds from sale of fixed 
  assets                                   4,328           --       53,288 
 Other                                       287          424         (30) 
                                   -------------  -----------  ----------- 
      Net cash used in investing 
       activities                       (45,120)     (64,968)     (17,892) 
Financing activities: 
 Proceeds from issuance of 
 long-term debt, net of debt 
 issuance costs                               --      924,299           -- 
 Repayment and refinancing of 
 long-term debt                               --    (927,046)           -- 
 Principal payments on long-term 
  debt                                   (2,464)      (2,127)      (4,178) 
 (Decrease) increase in 
  short-term debt, net                   (7,288)      (1,234)        4,093 
 Debt issuance costs and other 
  fees                                   (1,936)     (74,376)      (4,229) 
 Taxes withheld and paid on 
  employees' share-based payment 
  awards                                   (612)        (214)        (607) 
 Contribution from noncontrolling 
  interests and other                         38        (439)          655 
 Proceeds from other financing 
 activities                                2,617           --           -- 
                                   -------------  -----------  ----------- 
      Net cash used in financing 
       activities                        (9,645)     (81,137)      (4,266) 
Effects of exchange rate changes 
 on cash, cash equivalents and 
 restricted cash                         (5,968)        (918)         (13) 
                                   -------------  -----------  ----------- 
Changes in cash, cash equivalents 
 and restricted cash                      15,636     (29,746)     (58,321) 
Cash, cash equivalents and 
 restricted cash at beginning of 
 period                                  163,061      192,807      251,128 
                                   -------------  -----------  ----------- 
Cash, cash equivalents and 
 restricted cash at end of 
 period                             $    178,697   $  163,061   $  192,807 
                                   =============  ===========  =========== 
 
Reconciliation of cash, cash equivalents and restricted cash 
to the consolidated balance sheets: 
 
Cash and cash equivalents           $    170,035   $  154,801   $  186,875 
Restricted cash included in other 
 current assets                            7,590        7,244        4,650 
Restricted cash included in other 
 assets                                    1,072        1,016        1,282 
                                   -------------  -----------  ----------- 
Total cash, cash equivalents and 
 restricted cash                    $    178,697   $  163,061   $  192,807 
                                   =============  ===========  =========== 
 
Supplemental disclosure: 
 Cash paid for interest             $    101,514  $    78,699  $    80,163 
 Cash paid (received) for income 
  taxes, net of refunds                   19,085       10,301     (56,393) 
 

Non-GAAP Measures

EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company's core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company's operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company's performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company's financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted

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