$ST

Sensata Technologies Holding N.V.

CIK:0001477294|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 990.6	$ 943.4	$ 1,925.4	$ 1,854.6
Operating costs and expenses:
Cost of revenue	688.8	657.1	1,337.3	1,295.8
Research and development	31.9	32.6	63.8	69.4
Selling, general and administrative	90.5	87.8	183.9	173.9
Amortization of intangible assets	15.7	21.2	31.5	41.8
Restructuring and other charges, net	(1.7)	6.6	2.0	13.6
Total operating costs and expenses	825.3	805.3	1,618.4	1,594.4
Operating income	165.4	138.1	307.0	260.3
Interest expense	(32.8)	(37.7)	(66.9)	(75.7)
Interest income	3.6	4.5	7.5	8.8
Other, net	(3.6)	0.9	0.4	3.1
Income before taxes	132.5	105.8	248.0	196.4
Provision for income taxes	30.3	45.1	58.8	65.8
Net income	$ 102.1	$ 60.7	$ 189.2	$ 130.6
Basic net income per share (in dollars per share)	$ 0.70	$ 0.41	$ 1.30	$ 0.89
Diluted net income per share (in dollars per share)	$ 0.70	$ 0.41	$ 1.29	$ 0.88

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 189.2	$ 130.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	67.6	74.3
Amortization of debt issuance costs	2.2	2.4
Loss on sale of business	0.0	3.9
Share-based compensation	14.0	11.4
Gain on extinguishment of debt	(4.4)	0.0
Amortization of intangible assets	31.5	41.8
Deferred income taxes	21.7	17.3
Gain on equity investments, net	(0.2)	0.0
Other non-cash loss, net	0.6	15.8
Changes in operating assets and liabilities, net of effects of divestitures:
Accounts receivable, net	(77.2)	(96.1)
Inventories	37.3	(24.4)
Prepaid expenses and other	(5.3)	(3.6)
Accounts payable and accrued expenses	54.7	82.5
Income taxes payable	0.8	4.3
Net cash provided by operating activities	332.5	260.1
Cash flows from investing activities:
Additions to property, plant and equipment and capitalized software	(41.5)	(58.0)
Proceeds from the sale of business, net of cash sold	1.3	25.6
Other	4.3	(1.3)
Net cash used in investing activities	(35.9)	(33.6)
Cash flows from financing activities:
Payment of employee restricted stock tax withholdings	(7.6)	(3.5)
Payments on debt	(401.1)	(1.2)
Dividends paid	(34.9)	(35.5)
Payments to repurchase ordinary shares	(25.1)	(120.6)
Payments of debt financing costs	(1.2)	0.0
Proceeds from exercise of stock options	1.4	0.0
Net cash used in financing activities	(468.5)	(160.8)
Effect of exchange rate changes on cash and cash equivalents	2.2	2.4
Net change in cash and cash equivalents	(169.7)	68.1
Cash and cash equivalents, beginning of year	573.0	593.7
Cash and cash equivalents, end of period	$ 403.3	$ 661.8

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 403.3	$ 573.0
Accounts receivable, net of allowances of $13.5 and $16.2 as of June 30, 2026 and December 31, 2025, respectively	737.4	657.4
Inventories	579.1	617.8
Prepaid expenses and other current assets	151.2	146.1
Total current assets	1,871.0	1,994.3
Property, plant and equipment, net	759.2	776.5
Goodwill	3,158.3	3,158.2
Other intangible assets, net of accumulated amortization of $2,620.3 and $2,588.7 as of June 30, 2026 and December 31, 2025, respectively	382.2	411.6
Deferred income tax assets	265.5	277.2
Other assets	149.2	133.9
Total assets	6,585.4	6,751.7
Current liabilities:
Current portion of long-term debt and finance lease obligations	2.4	2.3
Accounts payable	473.5	413.0
Income taxes payable	17.7	16.8
Accrued expenses and other current liabilities	323.0	343.1
Total current liabilities	816.5	775.1
Deferred income tax liabilities	243.5	226.9
Pension and other post-retirement benefit obligations	40.8	39.1
Finance lease obligations, less current portion	17.7	18.9
Long-term debt, net	2,424.8	2,828.6
Other long-term liabilities	82.0	77.8
Total liabilities	3,625.4	3,966.3
Commitments and contingencies (Note 11)
Shareholders’ equity:
Ordinary shares, €0.01 nominal value per share, 177.5 and 177.0 shares issued as of June 30, 2026 and December 31, 2025, respectively	2.3	2.3
Treasury shares, at cost, 31.9 and 31.2 shares as of June 30, 2026 and December 31, 2025, respectively	(1,427.8)	(1,402.7)
Additional paid-in capital	1,913.0	1,897.6
Retained earnings	2,442.3	2,295.6
Accumulated other comprehensive income/loss	30.2	(7.4)
Total shareholders' equity	2,960.0	2,785.4
Total liabilities and shareholders' equity	$ 6,585.4	$ 6,751.7