Sensata Technologies Holdings 2025年季度报告

FORM10-Q 98-1386780 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of theExchange Act. TABLE OF CONTENTS PARTI 2024Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three Months EndedMarch 31, 2025 and 2024Notes to Condensed Consolidated Financial StatementsItem2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PARTII Item1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 5.Other InformationItem6.ExhibitsSignatures PART I—FINANCIAL INFORMATION SENSATA TECHNOLOGIES HOLDING PLCCondensed Consolidated Statements of Operations(In thousands, except per share amounts) SENSATA TECHNOLOGIES HOLDING PLCCondensed Consolidated Statements of Comprehensive Income(In thousands) SENSATA TECHNOLOGIES HOLDING PLCCondensed Consolidated Statements of Cash Flows(In thousands) SENSATA TECHNOLOGIES HOLDING PLCNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited) 1.Basis of Presentation The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations,comprehensive income, cash flows, and changes in shareholders' equity of Sensata Technologies Holding plc, a public limitedcompany incorporated under the laws of England and Wales, and its consolidated subsidiaries, collectively referred to as the The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States("U.S.") generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q.Accordingly, these interim financial statements do not include all of the information and note disclosures required by U.S. GAAP forcomplete financial statements. The accompanying interim financial information reflects all normal recurring adjustments that are, inthe opinion of management, necessary for a fair presentation of the interim period results. These unaudited condensed consolidated We present financial information for two reportable segments, Performance Sensing ("PS") and Sensing Solutions ("SS").Additionally, our business strategy involves leveraging new and emerging technologies, which complement our existing productofferings, and we refer to these trends collectively as “megatrends.” Our operating segments’ performance is primarily evaluated basedon segment operating income. In the three months ended March 31, 2025, we realigned the definition of segment operating income to All U.S. dollar ("USD") and share amounts presented, except per share amounts, are stated in thousands, unless otherwise indicated.Certain prior period amounts have been recast to conform to current year presentation. 2.New Accounting Standards In December 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-09,Income taxes (Topic 740): Improvements toIncome Tax Disclosures, which requires (1) consistent categories and greater disaggregation of information in the rate reconciliationand (2) disclosure of income taxes paid disaggregated by jurisdiction. ASU No. 2023-09 also includes certain other updates to improvethe effectiveness of income tax disclosures. ASU No. 2023-09 is effective for annual periods beginning after December 15, 2024, and In November 2024, the FASB issued ASU No. 2024-03Income Statement (Topic 220): Reporting Comprehensive Income, whichrequires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types ofexpenses included in the expense captions presented in the income statement.ASU No. 2024-03 does not change or remove currentexpense presentation requirements within the Consolidated Statements of Operations. However, the update requires disclosure, on anannual and interim basis, of disaggregated information about certain income statement expense line items within the notes to the Table of Contents 3.Revenue Recognition The following table presents net revenue disaggregated by end market for the three months ended March31, 2025 and 2024: 4.Share-Based Payment Plans The following table presents the components of non-cash compensation expense related to our equity awards for the three monthsen