Titan Machinery Inc. TITN Income Statement

Titan machinery inc. (TITN)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Oct'10	Jul'10
REVENUE
Equipment
262,825	245,986	214,435	193,956	283,989	253,793	203,626	167,770	293,016	215,956	167,881	167,915	267,668	212,194	173,301	184,874	243,780	215,692	221,016	244,983	389,581	343,482	320,087	345,045	587,853	441,752	358,388	334,745	679,011	456,168	306,170	322,528	517,084	312,304	225,283	249,229	241,096	153,131
Parts
52,289	70,788	59,202	51,938	43,873	64,609	55,451	46,863	26,339	64,729	55,580	56,583	28,997	69,261	58,336	57,509	47,948	73,838	62,081	61,520	50,665	80,692	70,526	68,379	61,377	80,903	70,633	62,837	53,528	72,101	57,895	58,844	45,734	64,468	49,292	41,910	42,028	33,947
Sales Revenue Service
21,949	27,553	26,832	22,831	18,827	24,808	23,169	20,036	-	31,532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales Revenue Rental and Other
13,899	16,609	14,512	9,567	12,958	17,703	14,985	9,045	-	18,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service
-	-	-	-	-	-	-	-	-	-	30,509	28,766	-	33,777	31,296	30,992	27,597	34,116	32,842	32,902	29,415	42,410	38,447	37,084	36,566	40,646	39,872	31,998	34,196	33,365	30,466	29,752	27,272	29,843	25,395	20,964	20,832	17,502
Rental and other
-	-	-	-	-	-	-	-	-	-	14,901	10,854	-	17,034	15,400	11,485	16,149	21,329	18,251	13,791	20,991	26,557	21,930	14,955	22,835	24,660	19,287	12,094	17,779	20,478	15,540	10,599	16,928	16,345	10,879	6,062	7,351	5,086
Revenues
350,962	360,936	314,981	278,292	359,647	360,913	297,231	243,714	329,276	330,341	268,871	264,118	306,238	332,266	278,333	284,860	335,474	344,975	334,190	353,196	490,652	493,141	450,990	465,463	708,631	587,961	488,180	441,674	784,514	582,112	410,071	421,723	607,018	422,960	310,849	318,165	311,307	209,666
COST OF REVENUE
Equipment
235,362	219,484	190,707	173,154	256,543	225,520	181,181	149,223	255,249	199,154	154,729	155,517	237,554	201,140	160,906	170,324	261,287	198,095	203,152	227,033	359,285	317,702	292,879	316,282	536,473	406,867	329,083	303,823	614,836	414,028	279,284	292,085	460,197	283,690	204,430	223,301	221,163	138,342
Parts
36,810	49,834	41,732	36,814	31,362	45,666	39,349	33,238	18,861	45,408	39,103	40,357	19,206	48,387	41,118	40,501	34,457	51,673	43,382	43,571	35,394	56,402	49,730	48,014	44,047	55,419	48,022	44,711	38,888	49,266	40,357	40,653	31,561	44,389	34,426	29,720	29,296	24,184
Cost of Service
8,276	8,950	8,737	7,483	7,118	7,756	7,296	6,866	-	11,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service
-	-	-	-	-	-	-	-	-	-	11,444	10,794	-	11,828	12,045	11,600	10,678	12,449	12,327	11,360	10,955	15,037	13,529	14,403	14,409	14,453	14,383	11,363	13,300	11,611	10,474	10,363	10,061	10,304	8,963	7,908	7,435	6,970
Rental and other
9,397	10,894	9,778	6,941	9,037	12,429	10,504	6,829	5,767	13,163	10,788	8,531	4,639	12,485	11,331	8,887	12,783	15,617	13,260	10,797	16,917	19,309	15,199	10,825	16,724	17,616	13,150	7,829	12,961	13,148	9,592	8,213	12,389	10,580	7,179	4,433	5,435	4,122
TOTAL COST OF REVENUE
289,845	289,162	250,954	224,392	304,060	291,371	238,330	196,156	277,179	268,864	216,064	215,199	257,416	273,840	225,400	231,312	319,205	277,834	272,121	292,761	422,551	408,450	371,337	389,524	611,653	494,355	404,638	367,726	679,985	488,053	339,707	351,314	514,208	348,963	254,998	265,362	263,329	173,618
Gross Profit
61,117	71,774	64,027	53,900	55,587	69,542	58,901	47,558	52,097	61,477	52,807	48,919	48,822	58,426	52,933	53,548	16,269	67,141	62,069	60,435	68,101	84,691	79,653	75,939	96,978	93,606	83,542	73,948	104,529	94,059	70,364	70,409	92,810	73,997	55,851	52,803	47,978	36,048
OPERATING EXPENSES
60,128	58,184	54,855	52,555	53,871	53,306	47,633	46,727	50,319	50,374	50,523	51,987	52,240	53,143	51,487	54,502	54,545	53,484	55,385	57,110	64,865	69,459	67,795	71,152	77,119	75,005	70,145	68,933	72,244	63,950	56,507	54,856	60,304	50,060	44,060	39,436	32,849	29,212
Impairment of Long-Lived Assets
3,578	51	0	135	1,696	304	156	0	-	131	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring Costs
-	0	0	-	-	-151	565	-	-	2,456	5,549	2,344	-	275	24	247	-	22	-104	1,601	-	0	151	2,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realignment Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Realignment Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Operations
-2,589	13,539	9,172	1,210	20	16,083	10,547	831	1,086	8,516	-3,265	-5,412	-7,601	5,008	1,422	-1,201	-45,257	13,635	6,788	1,724	-28,202	15,232	11,707	1,986	9,862	18,601	13,397	5,015	32,285	30,109	13,857	15,553	32,506	23,937	11,791	13,367	15,129	6,836
OTHER INCOME (EXPENSE)
Interest income and other income (expense)
439	1,273	620	794	540	160	1,462	385	-	380	682	-	-	502	612	-	87	722	837	-2,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and Other Income
-	-	-	-	-	-	-	-	-	-	-	778	-	502	612	137	-	-	-	-	-	-489	-1,028	-2,578	-	-260	337	597	-	258	119	488	784	307	267	285	207	34
Floorplan interest expense
1,630	1,448	1,399	877	1,181	1,856	1,727	1,350	1,433	1,900	2,163	2,656	2,717	3,294	3,806	3,743	4,389	4,602	4,744	4,599	5,132	5,444	5,308	4,593	4,820	4,779	3,723	3,442	4,275	3,704	2,420	2,898	3,202	2,625	1,334	1,162	2,138	1,911
Interest Expense, Debt
889	955	966	1,642	1,622	1,617	2,490	2,031	2,153	2,110	2,464	2,120	2,375	2,160	2,777	993	3,061	4,041	3,360	3,827	3,728	3,586	3,559	3,441	3,676	3,493	3,455	3,167	3,012	2,886	2,774	793	448	283	341	275	394	358
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
-4,669	12,409	7,427	-515	-2,243	12,770	7,792	-2,165	-2,705	4,886	-7,210	-9,410	-12,420	56	-4,549	-5,800	-52,620	5,714	-479	-8,826	-37,239	5,713	1,812	-8,626	2,801	10,069	6,556	-997	25,787	23,777	8,782	12,350	29,640	21,336	10,383	12,215	12,804	4,601
Income Tax Expense (Benefit)
-5,342	4,195	1,916	-70	-83	1,994	2,612	-551	-4,390	2,502	-2,024	-3,478	-4,181	-208	-1,847	-1,942	-17,628	2,231	-649	-1,936	-9,177	3,400	2,587	-1,733	3,819	4,311	2,589	-394	10,351	9,418	3,477	4,891	11,854	8,536	4,092	4,947	5,098	1,887
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
673	8,214	5,511	-445	-2,160	10,776	5,180	-1,614	1,685	2,384	-5,186	-5,932	-8,239	264	-2,702	-3,858	-34,992	3,483	170	-6,890	-28,062	2,313	-775	-6,893	-1,018	5,758	3,967	-603	15,436	14,359	5,305	7,459	17,786	12,800	6,291	7,268	-	2,714
Less: Net Loss Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-182	-174	58	27	164	-586	-598	-157	-161	-344	-625	-67	134	-189	-170	298	96	-138	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-8,239	264	-2,520	-3,684	-35,050	3,456	6	-6,304	-27,464	2,470	-614	-6,549	-393	5,825	3,833	-414	15,606	14,061	5,209	7,597	-	12,800	6,291	-	-	-
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic
-1	140	82	0	-38	186	80	-26	-83	56	0	-114	354	8	-51	-68	-684	72	0	-105	-537	49	-11	-60	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
674	8,074	5,429	-445	-2,122	10,590	5,100	-1,588	1,768	2,328	-5,186	-5,818	-8,107	256	-2,469	-3,616	-34,366	3,384	6	-6,199	-26,927	2,421	-603	-6,489	-	-	-	-	-	-	-	-	-	-	-	7,268	7,706	-
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.03	0.37	0.25	-0.02	-0.10	0.49	0.23	-0.07	0.08	0.11	-0.24	-0.27	-0.37	0.01	-0.12	-0.17	-1.63	0.16	0.00	-0.29	-1.29	0.12	-0.03	-0.31	-0.01	0.27	0.18	-0.02	0.74	0.67	0.25	0.36	0.87	0.62	0.31	0.41	0.44	0.15
Earnings (Loss) per share - diluted (in dollars per share)
0.03	0.37	0.25	-0.02	-0.09	0.48	0.23	-0.07	0.08	0.11	-0.24	-0.27	-0.37	0.01	-0.12	-0.17	-1.63	0.16	0.00	-0.29	-1.28	0.11	-0.03	-0.31	-0.02	0.27	0.18	-0.02	0.73	0.66	0.25	0.36	0.87	0.61	0.30	0.40	0.42	0.15
Weighted Average Number of Shares Outstanding, Basic
21,979	21,973	21,960	21,872	21,841	21,835	21,826	21,734	21,668	21,585	21,546	21,373	21,550	21,218	21,205	21,203	21,166	21,129	21,105	21,044	21,025	20,994	20,986	20,951	20,939	20,901	20,882	20,854	20,830	20,814	20,781	20,723	20,673	20,572	20,237	17,754	17,661	17,635
Weighted Average Number of Shares Outstanding, Diluted
22,000	21,976	21,964	21,872	21,857	21,842	21,831	21,734	21,610	21,643	21,546	21,373	21,499	21,269	21,205	21,203	20,965	21,218	21,217	21,044	20,917	21,102	20,986	20,951	21,246	21,031	21,029	20,854	20,998	20,988	21,000	20,962	20,792	20,890	20,617	18,141	18,161	18,080