Guarantor and Non-Guarantor Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2013

Guarantor and Non-Guarantor Subsidiaries [Abstract]

Condensed Consolidating Statement of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2012

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	147.4		$	163.1		$	503.3		$	(48.5	)	$	765.3
Cost of products sold		—		122.0			139.3			430.8			(48.5	)		643.6
Selling, administration, & engineering expenses		—		33.1			1.0			37.9			—			72.0
Amortization of intangibles		—		2.8			—			1.0			—			3.8
Restructuring		—		—			(0.2	)		6.3			—			6.1
Operating profit (loss)		—		(10.5	)		23.0			27.3			—			39.8
Interest expense, net of interest income		—		(9.3	)		—			(1.9	)		—			(11.2	)
Equity earnings (loss)		—		(0.9	)		1.0			0.7			—			0.8
Other income (expense), net		—		8.2			1.1			(6.4	)		—			2.9
Income (loss) before income taxes		—		(12.5	)		25.1			19.7			—			32.3
Provision for income tax expense (benefit)		—		(1.4	)		3.1			6.4			—			8.1
Income (loss) before equity in income of subsidiaries		—		(11.1	)		22.0			13.3			—			24.2
Equity in net income of subsidiaries		23.8		34.9			—			—			(58.7	)		—
Consolidated net income		23.8		23.8			22.0			13.3			(58.7	)		24.2
Net income attributable to noncontrolling interests		—		—			—			(0.4	)		—			(0.4	)
Net income attributable to Cooper-Standard Holdings Inc.	$	23.8	$	23.8		$	22.0		$	12.9		$	(58.7	)	$	23.8
Comprehensive income	$	39.4	$	39.4		$	22.0		$	28.5		$	(89.2	)	$	40.1
Less: Comprehensive income attributable to noncontrolling interests		—		—			—			(0.7	)		—			(0.7	)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	39.4	$	39.4		$	22.0		$	27.8		$	(89.2	)	$	39.4

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2013

	Parent		Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	145.2		$	165.7	$	486.3		$	(49.6	)	$	747.6
Cost of products sold		—		120.5			133.2		423.2			(49.6	)		627.3
Selling, administration, & engineering expenses		—		34.8			3.1		37.2			—			75.1
Amortization of intangibles		—		2.9			—		1.0			—			3.9
Restructuring		—		1.6			0.1		3.0			—			4.7
Operating profit (loss)		—		(14.6	)		29.3		21.9			—			36.6
Interest expense, net of interest income		—		(8.3	)		—		(2.9	)		—			(11.2	)
Equity earnings		—		1.0			0.9		0.8			—			2.7
Other income (expense), net		—		7.5			0.1		(7.9	)		—			(0.3	)
Income (loss) before income taxes		—		(14.4	)		30.3		11.9			—			27.8
Provision (benefit) for income tax expense		—		(2.7	)		5.5		5.1			—			7.9
Income (loss) before equity in income (loss) subsidiaries		—		(11.7	)		24.8		6.8			—			19.9
Equity in net income of subsidiaries		20.7		32.4			—		—			(53.1	)		—
Consolidated net income		20.7		20.7			24.8		6.8			(53.1	)		19.9
Net loss attributable to noncontrolling interest		—		—			—		0.8			—			0.8
Net income attributable to Cooper-Standard Holdings Inc.	$	20.7	$	20.7		$	24.8	$	7.6		$	(53.1	)	$	20.7
Comprehensive income	$	12.9	$	12.9		$	24.8	$	1.4		$	(40.1	)	$	11.9
Add: Comprehensive loss attributable to noncontrolling interests		—		—			—		1.0			—			1.0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12.9	$	12.9		$	24.8	$	2.4		$	(40.1	)	$	12.9

Condensed Consolidating Balance sheet

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	177.5	$	4.4		$	88.7		$	—		$	270.6
Accounts receivable, net		—		54.8		72.6			222.7			—			350.1
Tooling receivable		—		13.4		12.1			91.4			—			116.9
Inventories		—		18.8		28.5			96.0			—			143.3
Prepaid expenses		—		5.9		0.3			15.7			—			21.9
Other		—		35.5		0.6			51.7			—			87.8
Total current assets		—		305.9		118.5			566.2			—			990.6
Investments in affiliates and intercompany accounts, net		628.3		339.7		998.7			(52.9	)		(1,851.6	)		62.2
Property, plant, and equipment, net		—		88.2		56.5			483.9			—			628.6
Goodwill		—		111.1		—			22.6			—			133.7
Other assets		—		80.9		48.2			81.8			—			210.9
	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	32.6		$	—		$	32.6
Accounts payable		—		45.4		41.3			184.7			—			271.4
Accrued liabilities		—		59.1		5.4			118.5			—			183.0
Total current liabilities		—		104.5		46.7			335.8			—			487.0
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		167.4		(0.2	)		156.0			—			323.2
Total liabilities		—		721.9		46.5			492.6			—			1,261.0
Redeemable noncontrolling interests		—		—		—			14.2			—			14.2
Preferred stock		—		121.6		—			—			—			121.6
Total Cooper-Standard Holdings Inc. equity		628.3		82.3		1,175.4			593.9			(1,851.6	)		628.3
Noncontrolling interests		—		—		—			0.9			—			0.9
Total equity		628.3		82.3		1,175.4			594.8			(1,851.6	)		629.2
Total liabilities and equity	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	152.8	$	—		$	63.9		$	—		$	216.7
Accounts receivable, net		—		64.4		81.1			259.4			—			404.9
Tooling receivable		—		18.3		14.6			100.2			—			133.1
Inventories		—		20.8		31.7			110.4			—			162.9
Prepaid expenses		—		4.3		0.4			22.8			—			27.5
Other		—		35.6		(1.0	)		48.7			—			83.3
Total current assets		—		296.2		126.8			605.4			—			1,028.4
Investments in affiliates and intercompany accounts, net		630.3		292.9		1,066.6			(73.6	)		(1,856.1	)		60.1
Property, plant, and equipment, net		—		90.3		56.2			478.2			—			624.7
Goodwill		—		111.1		—			22.1			—			133.2
Other assets		—		131.7		0.1			77.3			—			209.1
	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	34.9		$	—		$	34.9
Accounts payable		—		47.7		45.3			188.0			—			281.0
Accrued liabilities		—		78.3		4.3			123.7			—			206.3
Total current liabilities		—		126.0		49.6			346.6			—			522.2
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		164.4		(0.1	)		152.5			—			316.8
Total liabilities		—		740.4		49.5			499.9			—			1,289.8
Redeemable noncontrolling interests		—		—		—			13.5			—			13.5
Preferred stock		—		122.0		—			—			—			122.0
Total Cooper-Standard Holdings Inc. equity		630.3		59.8		1,200.2			596.1			(1,856.1	)		630.3
Noncontrolling interests		—		—		—			(0.1	)		—			(0.1	)
Total equity		630.3		59.8		1,200.2			596.0			(1,856.1	)		630.2
Total liabilities and equity	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5

Condensed Consolidating Statement of Cash flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2012

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	1.0		$	(0.5	)	$	(36.8	)	$	—	$	(34.6	)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets		—			(6.5	)		(3.5	)		(19.2	)		—		(29.2	)
Acquisition of businesses, net of cash acquired		—			—			—			(1.7	)		—		(1.7	)
Proceeds from the sale of assets		—			—			4.0			0.3			—		4.3
Net cash provided by (used in) investing activities		—			(6.5	)		0.5			(20.6	)		—		(26.6	)
FINANCING ACTIVITIES
Increase in short-term debt		—			—			—			2.4			—		2.4
Principal payments on long-term debt		—			—			—			(1.8	)		—		(1.8	)
Repurchase of preferred stock		—			(4.9	)		—			—			—		(4.9	)
Other		(1.7	)		(1.5	)		—			1.6			—		(1.6	)
Net cash provided by (used in) financing activities		(1.7	)		(6.4	)		—			2.2			—		(5.9	)
Effects of exchange rate changes on cash		—			—			—			1.4			—		1.4
Changes in cash and cash equivalents		—			(11.9	)		—			(53.8	)		—		(65.7	)
Cash and cash equivalents at beginning of period		—			189.6			—			172.1			—		361.7
Cash and cash equivalents at end of period	$	—		$	177.7		$	—		$	118.3		$	—	$	296.0
Depreciation and amortization	$	—		$	7.3		$	3.9		$	20.4		$	—	$	31.6

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	(4.4	)	$	(2.4	)	$	(8.2	)	$	—	$	(13.3	)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets		—			(6.4	)		(4.1	)		(23.8	)		—		(34.3	)
Return on equity investments		—			—			2.1			—			—		2.1
Proceeds from the sale of fixed assets		—			—			—			0.2			—		0.2
Net cash used in investing activities		—			(6.4	)		(2.0	)		(23.6	)		—		(32.0	)
FINANCING ACTIVITIES
Increase in short-term debt		—			—			—			4.9			—		4.9
Principal payments on long-term debt		—			—			—			(1.8	)		—		(1.8	)
Purchase of noncontrolling interest		—			—			—			(1.9	)		—		(1.9	)
Repurchase of common stock		—			(11.1	)		—			—			—		(11.1	)
Other		(1.7	)		(2.8	)		—			2.9			—		(1.6	)
Net cash provided by (used in) financing activities		(1.7	)		(13.9	)		—			4.1			—		(11.5	)
Effects of exchange rate changes on cash		—			—			—			2.9			—		2.9
Changes in cash and cash equivalents		—			(24.7	)		(4.4	)		(24.8	)		—		(53.9	)
Cash and cash equivalents at beginning of period		—			177.5			4.4			88.7			—		270.6
Cash and cash equivalents at end of period	$	—		$	152.8		$	—		$	63.9		$	—	$	216.7
Depreciation and amortization	$	—		$	7.1		$	3.4		$	19.3		$	—	$	29.8