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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss)

The tables below present segment information about the reported product revenues and operating income of the Company for years ended December 31, 2018, 2017 and 2016. With the exception of goodwill, asset information by segment is not reported since the Company does not manage assets at a segment level. As of December 31, 2018, goodwill assigned to our Automotive and Industrial segments were $37,533 and $17,778, respectively.  Due to the classification GPT’s and CSZ-IC’s assets as held for sale, an additional $6,844 of goodwill is classified within assets held for sale on Gentherm’s consolidated balance sheet as of December 31, 2018. As of December 31, 2017, goodwill assigned to our Automotive and Industrial segments were $38,912 and $30,773, respectively.  

 

 

  

Automotive

 

  

Industrial

 

  

Reconciling
Items

 

 

Consolidated
Total

 

2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

948,592

 

 

$

89,667

 

 

$

—

 

 

$

1,038,259

 

Depreciation and amortization

 

 

43,621

 

 

 

4,384

 

 

 

2,633

 

 

 

50,638

 

Operating income (loss)

 

 

152,051

 

 

 

(22,530

)

 

 

(56,733

)

 

 

72,788

 

2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

879,457

 

 

$

106,226

 

 

$

—

 

 

$

985,683

 

Depreciation and amortization

 

 

36,801

 

 

 

5,399

 

 

 

2,772

 

 

 

44,972

 

Operating income (loss)

 

 

166,378

 

 

 

(14,751

)

 

 

(54,529

)

 

 

97,098

 

2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

847,428

 

 

$

70,172

 

 

$

—

 

 

$

917,600

 

Depreciation and amortization

 

 

31,826

 

 

 

3,789

 

 

 

2,149

 

 

 

37,764

 

Operating income (loss)

 

 

174,027

 

 

 

(16,702

)

 

 

(51,206

)

 

 

106,119

 
Segment Information About Reported Segment Product Revenues by Product Category

Automotive and Industrial segment product revenues by product category for each of the years ended December 31, 2018, 2017 and 2016 are as follows:

 

 

 

2018

 

%

 

 

2017

 

%

 

 

2016

 

%

 

Climate Control Seat (CCS)

 

$

374,816

 

 

36

%

 

$

387,961

 

 

40

%

 

$

405,795

 

 

44

%

Seat Heaters

 

 

305,337

 

 

29

%

 

 

307,309

 

 

31

%

 

 

288,939

 

 

32

%

Steering Wheel Heaters

 

 

69,845

 

 

7

%

 

 

62,125

 

 

6

%

 

 

49,516

 

 

5

%

Automotive Cables

 

 

98,931

 

 

9

%

 

 

92,093

 

 

9

%

 

 

85,283

 

 

9

%

Battery Thermal Management (BTM) (1)

 

 

28,472

 

 

3

%

 

 

10,043

 

 

1

%

 

 

6,546

 

 

1

%

Etratech

 

 

54,267

 

 

5

%

 

 

8,398

 

 

1

%

 

 

—

 

 

0

%

Other Automotive

 

 

16,924

 

 

2

%

 

 

11,528

(2)

1

%

 

 

11,349

 

 

1

%

Subtotal Automotive

 

 

948,592

 

 

91

%

 

 

879,457

 

 

89

%

 

 

847,428

 

 

92

%

Remote Power Generation (GPT)

 

 

19,222

 

 

2

%

 

 

31,891

 

 

3

%

 

 

18,628

 

 

2

%

Cincinnati Sub-Zero Products (CSZ)

 

 

70,445

 

 

7

%

 

 

74,335

 

 

8

%

 

 

51,544

 

 

6

%

Subtotal Industrial

 

 

89,667

 

 

9

%

 

 

106,226

 

 

11

%

 

 

70,172

 

 

8

%

Total Company

 

$

1,038,259

 

 

100

%

 

$

985,683

 

 

100

%

 

$

917,600

 

 

100

%

 

(1)Battery Thermal Management or BTM product revenues include Gentherm’s automotive grade, low cost, heat resistant fans and blowers used by customer for battery cooling through ventilation and production level shipments of the advanced TED based active cool system which began during the fourth quarter of 2017.

(2)Includes $2.0 million rebate to customer during 2017.
Product Revenues Information by Geographic Area

Revenue (based on shipment destination) by geographic area is as follows:

 

 

 

2018

 

 

%

 

 

2017

 

 

%

 

 

2016

 

 

%

 

United States

 

$

488,926

 

 

 

47

%

 

$

454,669

 

 

 

46

%

 

$

449,065

 

 

 

49

%

China

 

 

93,628

 

 

 

9

%

 

 

93,645

 

 

 

9

%

 

 

80,493

 

 

 

9

%

Germany

 

 

88,366

 

 

 

9

%

 

 

71,768

 

 

 

7

%

 

 

70,258

 

 

 

8

%

Japan

 

 

62,633

 

 

 

6

%

 

 

57,467

 

 

 

6

%

 

 

45,103

 

 

 

5

%

South Korea

 

 

58,717

 

 

 

6

%

 

 

64,715

 

 

 

7

%

 

 

75,396

 

 

 

8

%

Canada

 

 

44,500

 

 

 

4

%

 

 

46,368

 

 

 

5

%

 

 

37,954

 

 

 

4

%

Czech Republic

 

 

42,665

 

 

 

4

%

 

 

38,828

 

 

 

4

%

 

 

38,164

 

 

 

4

%

United Kingdom

 

 

37,533

 

 

 

4

%

 

 

36,033

 

 

 

4

%

 

 

28,540

 

 

 

3

%

Romania

 

 

22,435

 

 

 

2

%

 

 

18,050

 

 

 

2

%

 

 

11,907

 

 

 

1

%

Other

 

 

98,856

 

 

 

9

%

 

 

104,320

 

 

 

10

%

 

 

80,720

 

 

 

9

%

Total Non U.S.

 

 

549,333

 

 

 

53

%

 

 

531,014

 

 

 

54

%

 

 

468,535

 

 

 

51

%

 

 

$

1,038,259

 

 

 

100

%

 

$

985,683

 

 

 

100

%

 

$

917,600

 

 

 

100

%
Percentage of Total Product Revenues Generated from Customers

We rely on three customers, two domestic and one foreign, to derive a significant portion of our product revenues.  The table below lists the percentage of total product revenues generated from sales to these customers:

 

 

  

2018

 

  

2017

 

  

2016

 

Lear (domestic)

 

 

17

%

 

 

20

%

 

 

21

%

Adient (domestic)

 

 

16

%

 

 

18

%

 

 

21

%

Bosch (foreign)

 

 

8

%

 

 

8

%

 

 

8

%