X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934




Download 3.53 Mb.
NameX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934
page1/55
A typeReport
manual-guide.com > manual > Report
  1   2   3   4   5   6   7   8   9   ...   55



 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

 

(Mark One)

 

x

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2009

or

 

¨

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 333-123708

 

 

COOPER-STANDARD HOLDINGS INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

Delaware

 

20-1945088

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

39550 Orchard Hill Place Drive

Novi, Michigan 48375

(Address of principal executive offices)

(Zip Code)

(248) 596-5900

(Registrant’s telephone number, including area code)

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   x     No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   ¨     No   ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

 

 

 

 

 

 

 

Large accelerated filer

 

¨

  

Accelerated filer

 

¨

 

 

 

 

Non-accelerated filer

 

x

  

Smaller reporting company

 

¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Number of shares of common stock of registrant outstanding, at November 6, 2009:

3,482,612 shares of common stock, $0.01 par value

 

 

 




PART I — FINANCIAL INFORMATION

 

Item 1.

Financial Statements.

COOPER-STANDARD HOLDINGS INC.

(DEBTOR-IN-POSSESSION)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(Dollar amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

  

2008

 

 

2009

 

 

2008

 

 

2009

 

Sales

  

$

599,656

  

 

$

517,842

  

 

$

2,121,316

  

 

$

1,367,656

  

Cost of products sold

  

 

537,172

  

 

 

435,775

  

 

 

1,821,724

  

 

 

1,192,470

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

  

 

62,484

  

 

 

82,067

  

 

 

299,592

  

 

 

175,186

  

Selling, administration, & engineering expenses

  

 

51,336

  

 

 

52,658

  

 

 

187,768

  

 

 

146,233

  

Amortization of intangibles

  

 

7,758

  

 

 

194

  

 

 

23,519

  

 

 

14,783

  

Impairment charges

  

 

—  

  

 

 

—  

  

 

 

—  

  

 

 

362,699

  

Restructuring

  

 

13,477

  

 

 

4,378

  

 

 

17,115

  

 

 

32,871

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss)

  

 

(10,087



 

 

24,837

  

 

 

71,190

  

 

 

(381,400



Interest expense, net of interest income

  

 

(23,677



 

 

(11,914



 

 

(71,275



 

 

(53,632



Equity earnings

  

 

370

  

 

 

1,228

  

 

 

4,574

  

 

 

1,701

  

Reorganization items, net

  

 

—  

  

 

 

(5,642



 

 

—  

  

 

 

(5,642



Other income (expense)

  

 

(409



 

 

5,930

  

 

 

2,553

  

 

 

13,679

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

  

 

(33,803



 

 

14,439

  

 

 

7,042

  

 

 

(425,294



Provision (benefit) for income tax expense

  

 

(995



 

 

3,773

  

 

 

12,743

  

 

 

(31,339



 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income (loss)

  

 

(32,808



 

 

10,666

  

 

 

(5,701



 

 

(393,955



Add: Net loss attributable to noncontrolling interests

  

 

213

  

 

 

181

  

 

 

365

  

 

 

496

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Cooper-Standard Holdings Inc.

  

$

(32,595



 

$

10,847

  

 

$

(5,336



 

$

(393,459



 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements.

 

2
  1   2   3   4   5   6   7   8   9   ...   55

Share in:

Related:

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconT quarterly report pursuant to section 13 or 15(d) of the securities...

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15 (d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15 (d) of the securities exchange act of 1934




manual




When copying material provide a link © 2017
contacts
manual-guide.com
search