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Business Segments
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company’s automotive business is organized in the following reportable segments: North America, Europe, Asia Pacific and South America. All other business activities are reported in Corporate, eliminations and other. The Company’s principal products within each of the reportable segments are sealing, fuel and brake delivery, and fluid transfer systems.
The Company uses Segment adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments. The results of each segment include certain allocations for general, administrative and other shared costs. Segment adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.
The accounting policies of the Company’s segments are consistent with those described in Note 2. “Basis of Presentation and Summary of Significant Accounting Policies.”
Certain financial information on the Company’s reportable segments was as follows:
   Year Ended December 31,
 202120202019
Sales to external customers
North America$1,148,257 $1,141,368 $1,543,845 
Europe518,245 586,739 826,335 
Asia Pacific458,306 468,042 503,953 
South America61,713 60,754 94,535 
Total Automotive2,186,521 2,256,903 2,968,668 
Corporate, eliminations and other143,670 118,536 139,732 
Consolidated$2,330,191 $2,375,439 $3,108,400 
   Year Ended December 31,
 202120202019
Intersegment sales
North America$9,775 $12,267 $19,701 
Europe9,502 9,569 11,744 
Asia Pacific1,863 2,406 3,050 
South America15 72 193 
Total Automotive21,155 24,314 34,688 
Corporate, eliminations and other(21,155)(24,314)(34,688)
Consolidated$— $— $— 
Adjusted EBITDA
North America$54,616 $90,638 $213,250 
Europe(49,599)(39,004)22,922 
Asia Pacific(16,756)12,472 (27,497)
South America(9,852)(13,841)(3,446)
Total Automotive(21,591)50,265 205,229 
Corporate, eliminations and other13,557 (14,588)(3,621)
Consolidated$(8,034)$35,677 $201,608 
Net interest expense
North America$470 $504 $96 
Europe1,274 1,082 318 
Asia Pacific1,445 2,205 4,139 
South America362 225 
Total Automotive3,551 4,016 4,556 
Corporate, eliminations and other68,960 55,151 39,557 
Consolidated$72,511 $59,167 $44,113 
Depreciation and amortization expense
North America$54,779 $60,193 $62,604 
Europe32,655 36,707 38,572 
Asia Pacific32,426 31,789 31,881 
South America2,531 2,392 2,658 
Total Automotive122,391 131,081 135,715 
Corporate, eliminations and other16,617 23,148 16,238 
Consolidated$139,008 $154,229 $151,953 
   Year Ended December 31,
 202120202019
Capital expenditures
North America$36,370 $30,921 $64,887 
Europe27,384 25,369 34,587 
Asia Pacific20,473 21,809 40,214 
South America3,959 2,476 7,340 
Total Automotive88,186 80,575 147,028 
Corporate, eliminations and other7,921 11,219 17,438 
Consolidated$96,107 $91,794 $164,466 
  Year Ended December 31,
202120202019
Adjusted EBITDA$(8,034)$35,677 $201,608 
Impairment charges(25,609)(103,887)(23,139)
Restructuring charges(36,950)(39,482)(51,102)
Pension settlement charges(1,279)(184)(15,997)
Lease termination costs(748)(771)(1,167)
Gain on sale of business, net696 2,834 191,571 
Project costs— (5,648)(2,090)
Divested noncontrolling interest debt extinguishment— (3,595)— 
EBITDA$(71,924)$(115,056)$299,684 
Income tax (expense) benefit(39,392)60,847 (36,089)
Interest expense, net of interest income(72,511)(59,167)(44,113)
Depreciation and amortization(139,008)(154,229)(151,953)
Net (loss) income attributable to Cooper-Standard Holdings Inc.$(322,835)$(267,605)$67,529 
December 31,
20212020
Segment assets
North America$885,517 $907,652 
Europe372,097 465,031 
Asia Pacific510,524 587,610 
South America61,479 64,800 
Total Automotive1,829,617 2,025,093 
Corporate, eliminations and other396,876 586,851 
Consolidated$2,226,493 $2,611,944 
Geographic Information
Geographic information for revenues, based on country of origin, and property, plant and equipment, net, is as follows:
   Year Ended December 31,
 202120202019
Revenues
Mexico$592,777 $578,790 $723,228 
United States539,528 518,497 729,866 
China371,811 364,207 355,667 
Poland168,357 191,530 270,197 
Canada116,854 125,729 188,652 
Germany116,509 114,221 151,441 
France94,334 97,289 159,859 
Other330,021 385,176 529,490 
Consolidated$2,330,191 $2,375,439 $3,108,400 
December 31,
20212020
Property, plant and equipment, net
China$182,298 $192,005 
United States161,780 188,246 
Mexico139,630 145,452 
Poland67,521 77,789 
Germany47,885 72,979 
Canada29,482 29,500 
France21,921 33,087 
Other133,831 153,251 
Consolidated$784,348 $892,309 
Customer Concentration
Sales to customers of the Company which contributed 10% or more of its total consolidated sales and the related percentage of consolidated Company sales for 2021, 2020 and 2019 are as follows:
2021 Percentage of Net Sales2020 Percentage of Net Sales2019 Percentage of Net Sales
Customer
Ford24 %24 %25 %
General Motors17 %19 %18 %
Stellantis (1)
14 %14 %17 %
(1) 2019 and 2020 percentages include FCA and Groupe PSA