Tower international, inc. (TOWR)
Balance Sheet / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and cash equivalents

155,722

197,947

68,066

47,744

72,107

65,602

96,313

43,597

54,794

27,523

62,788

47,216

51,777

74,797

121,594

114,952

136,002

130,729

148,561

126,427

169,219

185,318

134,880

106,348

118,182

111,083

113,943

121,941

123,436

134,019

134,984

96,700

127,969

150,345

Restricted cash (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,150

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance of $486 and $823

140,789

154,094

113,128

280,973

293,093

333,695

123,958

272,749

253,139

250,092

178,251

242,338

256,684

288,641

223,735

293,367

274,501

288,491

230,377

329,284

332,337

320,831

255,674

331,898

332,387

329,014

266,138

327,862

372,422

358,135

327,992

362,322

372,678

297,086

Inventories (Note 4)

70,643

64,005

69,434

93,655

86,398

86,697

57,495

81,127

74,965

75,492

71,710

77,402

70,632

76,455

66,648

79,206

71,497

72,497

69,775

91,991

92,174

89,197

81,278

81,682

80,511

87,345

81,336

92,629

99,611

101,547

85,100

91,336

90,658

73,189

Assets held for sale (Note 5)

-

-

431,613

28,686

32,361

44,428

517,783

45,065

42,699

100,182

102,252

104,482

102,378

-

113,664

113,110

128,579

132,426

141,295

-

-

-

0

-

-

-

-

0

4,095

4,127

4,027

7,955

8,690

8,178

Deferred tax asset - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,453

6,571

6,538

-

8,454

8,590

8,633

8,649

7,901

8,042

8,235

10,447

6,801

8,399

14,997

12,966

11,424

12,438

12,406

Prepaid tooling, notes receivable, and other

44,363

32,424

27,552

48,212

59,715

79,755

43,986

120,500

136,054

134,212

103,023

134,089

93,031

78,117

68,242

76,147

67,264

42,024

41,986

53,136

53,679

57,337

44,896

77,278

85,221

78,429

96,349

94,784

64,847

71,015

56,189

71,784

70,618

57,754

Total current assets

411,517

448,470

709,793

499,270

543,674

610,177

839,535

563,038

561,651

587,501

518,024

605,527

574,502

518,010

593,883

684,235

684,414

672,705

631,994

609,292

655,999

661,316

525,377

605,107

669,493

614,106

568,213

644,017

672,810

683,840

621,258

641,521

683,051

598,958

Property, plant, and equipment, net

546,554

537,763

347,803

547,127

550,434

554,549

323,199

514,137

495,840

472,493

465,569

452,541

461,488

495,162

427,887

435,634

426,342

412,310

451,126

535,957

559,246

547,782

549,605

529,176

522,600

558,678

573,148

556,419

681,042

686,575

667,686

632,907

670,655

627,497

Operating lease right-of-use assets (Note 9)

128,976

106,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill (Note 7)

7,643

7,560

7,453

62,164

62,118

65,732

7,424

63,407

61,669

57,761

56,383

60,215

59,944

61,820

59,340

60,897

52,202

50,300

56,691

61,672

66,907

67,196

66,976

66,118

63,684

63,065

64,793

63,251

62,349

65,845

63,983

66,050

71,821

66,309

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

7,705

-

7,711

7,567

7,849

7,752

7,767

8,027

8,242

8,624

7,975

-

-

0

-

-

-

-

-

-

-

Deferred tax asset

85,772

86,769

82,832

74,410

76,890

82,217

82,077

114,399

116,917

117,033

112,645

119,584

119,559

128,406

127,207

3,572

3,622

3,528

4,641

3,405

3,494

3,407

3,732

2,851

3,168

3,051

3,149

2,597

11,255

14,435

14,450

15,267

15,863

17,377

Other assets, net

25,830

22,775

22,511

27,809

14,005

14,762

8,638

12,112

10,464

10,920

9,902

8,867

7,545

12,449

7,180

10,912

10,996

20,322

12,969

26,124

26,525

27,768

28,679

27,891

40,281

26,691

28,819

20,199

27,240

29,099

30,001

29,334

32,539

30,035

Total assets

1,206,292

1,209,751

1,170,392

1,210,780

1,247,121

1,327,437

1,260,873

1,267,093

1,246,541

1,245,708

1,162,523

1,246,734

1,223,038

1,223,552

1,215,497

1,202,961

1,185,143

1,167,014

1,165,173

1,244,217

1,320,198

1,315,711

1,182,993

1,239,118

1,299,226

1,265,591

1,238,122

1,286,483

1,454,696

1,479,794

1,397,378

1,385,079

1,473,929

1,340,176

LIABILITIES AND EQUITY
Short-term debt and current maturities of capital lease obligations (Note 9 and 10)

27,300

26,274

4,148

23,136

28,899

31,785

4,744

42,853

51,024

39,735

34,211

35,380

32,634

40,992

29,492

35,624

36,415

28,518

31,139

42,730

62,303

53,478

39,704

69,428

74,486

70,213

74,605

57,867

113,345

120,528

109,447

113,718

170,273

109,848

Short-term operating lease liabilities (Note 9)

12,769

13,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

181,630

187,603

188,760

303,016

319,243

350,896

213,333

300,292

273,623

280,103

258,129

292,224

296,735

314,493

268,008

305,403

286,619

266,944

257,011

306,693

334,974

318,643

262,425

309,898

311,882

306,235

264,897

307,948

399,949

414,070

395,287

372,866

407,065

366,761

Accrued liabilities

72,589

94,733

84,306

121,532

105,361

142,547

74,040

117,305

125,648

121,801

114,079

110,918

103,009

127,507

100,529

111,221

98,831

121,599

104,833

129,137

134,417

157,085

129,167

120,962

116,548

135,258

134,664

127,093

126,708

136,139

126,416

124,464

131,828

132,614

Liabilities held for sale (Note 5)

-

-

167,882

12,667

13,818

17,228

210,905

16,814

16,909

48,294

53,310

51,355

49,100

-

44,157

47,874

56,854

61,874

67,707

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

294,288

321,866

445,096

460,351

467,321

542,456

503,022

477,264

467,204

489,933

459,729

489,877

481,478

482,992

442,186

500,122

478,719

478,935

460,690

478,560

531,694

529,206

431,296

500,288

502,916

511,706

474,166

492,908

640,002

670,737

631,150

611,048

709,166

609,223

Long-term debt, net of current maturities (Note 10)

242,348

242,870

294,457

294,300

343,790

344,218

346,011

361,734

375,562

389,907

351,232

399,052

382,823

362,408

409,116

414,452

416,767

428,241

445,303

463,714

470,299

481,603

454,073

451,790

518,065

411,062

411,590

460,131

502,200

482,201

461,838

479,884

426,910

432,726

Finance lease liabilities, net of current maturities (Note 9)

138,481

140,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, net of current maturities (Note 9)

119,369

96,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Obligations under capital leases, net of current maturities (Note 7)

-

-

-

-

-

-

-

-

-

-

4,863

5,445

5,627

6,018

5,984

6,407

6,633

6,629

7,740

8,361

9,368

9,726

10,013

10,154

10,055

10,191

10,783

10,794

10,909

11,793

12,213

13,386

15,322

15,604

Deferred tax liability

-

-

-

4,629

4,660

4,916

-

5,533

5,354

5,108

5,594

6,586

6,600

6,145

6,167

13,368

12,087

12,047

8,044

14,045

14,187

14,442

14,381

10,003

10,778

10,706

13,021

8,713

13,383

13,382

11,229

9,720

10,299

12,710

Pension liability (Note 13)

42,870

44,381

45,762

39,749

43,159

45,577

47,813

51,723

56,777

59,277

61,627

57,773

61,157

63,475

65,621

58,320

62,359

64,888

68,637

41,999

46,854

51,069

54,915

87,426

93,341

97,229

100,780

80,304

89,194

93,203

96,223

64,215

71,758

76,403

Other non-current liabilities

52,114

51,459

84,163

93,843

90,488

98,649

94,155

97,070

86,443

64,558

65,539

78,448

74,512

83,381

79,704

87,124

89,801

78,230

74,981

79,265

80,412

81,366

81,446

83,173

83,937

85,957

86,908

86,210

94,897

94,580

87,265

83,812

82,759

81,884

Total non-current liabilities

595,182

575,391

424,382

432,521

482,097

493,360

487,979

516,060

524,136

518,850

488,855

547,304

530,719

521,427

566,592

579,671

587,647

590,035

604,705

607,384

621,120

638,206

614,828

642,546

716,176

615,145

623,082

646,152

710,583

695,159

668,768

651,017

607,048

619,327

Total liabilities

889,470

897,257

869,478

892,872

949,418

1,035,816

991,001

993,324

991,340

1,008,783

948,584

1,037,181

1,012,197

1,004,419

1,008,778

1,079,793

1,066,366

1,068,970

1,065,395

1,085,944

1,152,814

1,167,412

1,046,124

1,142,834

1,219,092

1,126,851

1,097,248

1,139,060

1,350,585

1,365,896

1,299,918

1,262,065

1,316,214

1,228,550

Commitments and contingencies (Note 19)

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 authorized and 0 issued and outstanding

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

Common stock, $0.01 par value, 350,000,000 authorized, 22,517,718 issued and 20,690,472 outstanding at June 30, 2019, and 22,400,074 issued and 20,606,736 outstanding at December 31, 2 018

225

225

224

224

224

224

223

223

223

223

221

221

221

221

220

220

220

220

214

214

213

212

211

211

210

209

208

208

208

200

200

200

191

191

Additional paid in capital

351,423

349,272

347,816

346,915

345,980

344,968

344,153

343,374

342,773

342,060

340,623

339,477

338,923

338,393

337,864

337,312

336,781

336,212

335,338

334,172

332,580

329,860

327,998

326,759

324,951

322,217

321,032

319,904

318,776

315,771

311,427

307,553

303,760

296,262

Treasury stock, at cost, 1,827,246 and 1,793,338 shares as of June 30, 2019 and December 31, 2018

37,743

37,743

36,882

36,882

36,882

36,882

36,408

36,408

36,407

36,406

35,645

34,600

16,688

16,689

16,067

16,067

16,065

16,046

9,516

9,516

9,504

9,483

8,594

8,594

8,587

8,572

8,297

8,297

8,295

5,213

5,130

5,130

-

0

Retained earnings

64,182

61,060

64,676

80,711

60,603

40,699

29,712

36,044

23,371

6,411

-14,021

-28,670

-44,722

-37,763

-44,030

-187,001

-203,277

-221,930

-235,971

-215,375

-226,536

-242,632

-257,487

-276,457

-279,775

-234,664

-237,212

-151,954

-177,776

-184,650

-255,244

-191,156

-186,308

-192,556

Accumulated other comprehensive loss (Note 14)

-61,265

-60,320

-74,920

-73,060

-72,222

-57,388

-67,808

-69,464

-74,759

-81,627

-83,383

-73,926

-73,855

-72,109

-80,492

-67,566

-56,054

-57,143

-46,914

-13,470

10,816

11,160

12,247

-8,477

-20,152

-20,312

-12,484

-86,739

-88,951

-71,299

-11,250

-38,156

-8,050

-36,530

Total stockholders' equity

-

-

-

-

-

291,621

269,872

273,769

255,201

230,661

207,795

202,502

203,879

212,053

197,495

66,898

61,605

41,313

43,151

96,025

107,569

89,117

74,375

33,442

16,647

58,878

63,247

73,122

43,962

54,809

40,003

73,311

109,593

67,367

Noncontrolling interests in subsidiaries (Note 12)

-

-

-

-

-

-

-

-

-

6,264

6,144

7,051

6,962

7,080

9,224

56,270

57,172

56,731

56,627

62,248

59,815

59,182

62,494

62,842

63,487

79,862

77,627

74,301

60,149

59,089

57,457

49,703

48,122

44,259

Total stockholders' equity

316,822

312,494

300,914

317,908

297,703

-

-

273,769

255,201

236,925

213,939

209,553

210,841

219,133

206,719

123,168

118,777

98,044

99,778

158,273

167,384

148,299

136,869

96,284

80,134

138,740

140,874

147,423

104,111

113,898

97,460

123,014

157,715

111,626

Total liabilities and stockholders' equity

1,206,292

1,209,751

1,170,392

1,210,780

1,247,121

1,327,437

1,260,873

1,267,093

1,246,541

1,245,708

1,162,523

1,246,734

1,223,038

1,223,552

1,215,497

1,202,961

1,185,143

1,167,014

1,165,173

1,244,217

1,320,198

1,315,711

1,182,993

1,239,118

1,299,226

1,265,591

1,238,122

1,286,483

1,454,696

1,479,794

1,397,378

1,385,079

1,473,929

1,340,176