Titan international, inc. (TWI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'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 [Abstract]
Current assets
Cash and cash equivalents

60,378

66,799

78,603

66,366

68,315

81,685

96,799

106,491

112,429

143,570

155,675

143,236

131,158

147,827

215,509

207,238

191,097

200,188

193,812

187,484

190,551

201,451

180,271

162,954

200,094

189,360

447,456

424,387

508,447

189,114

134,890

149,450

129,308

129,170

94,274

114,162

239,500

Certificates of deposit

-

-

-

-

-

-

-

-

-

0

0

10,000

50,000

50,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,268

-

-

-

0

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,129

-

-

Accounts receivable, net

211,982

185,238

221,228

272,006

295,333

241,832

259,354

282,400

294,505

226,703

236,216

219,924

232,244

179,384

184,352

196,718

216,423

177,389

183,755

224,689

239,468

199,378

248,331

302,504

328,027

263,053

290,247

335,854

329,368

297,798

228,375

237,418

245,948

189,527

213,884

243,478

89,004

Inventories

306,071

333,356

351,871

385,368

412,238

395,735

381,969

372,732

368,435

339,836

331,378

323,491

292,401

272,236

278,083

273,744

265,173

269,791

287,135

306,087

307,318

331,432

375,267

386,700

394,550

384,920

375,893

368,963

378,367

366,385

247,778

214,858

214,154

190,872

183,150

174,367

118,143

Prepaid and other current assets

60,461

58,869

80,692

62,473

61,587

60,229

66,553

74,629

75,561

73,084

62,632

78,413

78,291

79,734

76,972

72,352

60,759

62,633

70,263

74,786

74,092

80,234

91,447

80,552

86,346

114,346

97,292

87,557

74,867

92,268

45,256

38,637

31,528

28,249

31,082

29,671

18,663

Total current assets

638,892

644,262

732,394

786,213

837,473

779,481

804,675

836,252

850,930

783,193

785,901

775,064

784,094

729,181

754,916

750,052

733,452

710,001

750,704

807,018

833,604

835,930

937,129

974,417

1,052,866

1,007,878

1,244,021

1,246,969

1,323,257

996,123

689,005

670,136

655,036

564,593

567,406

577,865

481,350

Property, plant and equipment, net

344,078

374,798

366,121

375,997

378,684

384,872

384,985

393,264

417,426

421,248

440,078

435,731

439,333

437,201

447,082

449,472

458,005

450,020

459,350

483,407

482,593

527,414

566,643

604,017

628,807

638,807

561,706

554,154

566,549

568,344

336,769

324,676

333,918

334,742

333,575

353,546

248,054

Operating Lease, Right-of-Use Asset

20,117

23,914

23,497

24,422

23,701

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

0

2,331

1,657

1,965

4,252

-

2,320

2,325

1,907

-

9,259

8,265

-

-

-

-

-

-

15,739

13,972

22,175

23,435

41,813

41,707

43,849

41,931

33,133

30,208

32,208

50,558

32,706

29,773

34,098

26,775

16,887

16,187

16,040

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

38,082

42,899

41,269

42,075

22,534

22,343

25,101

24,941

-

-

-

19,841

-

-

-

Deferred income taxes

-

-

-

-

-

2,874

-

-

-

3,779

-

-

6,758

4,663

7,424

7,158

6,864

5,967

19,880

18,303

14,497

15,623

4,747

6,837

1,985

2,772

7,241

7,566

25,508

8,383

-

-

-

0

-

-

-

Other assets

57,167

69,002

65,933

80,931

81,146

84,029

82,100

78,529

82,792

81,892

94,672

92,891

96,048

94,851

98,634

101,790

109,644

104,242

106,818

111,686

111,781

116,757

126,351

134,340

133,571

129,699

112,259

113,515

113,934

112,444

132,356

99,187

110,245

91,110

110,233

133,970

51,476

Assets

1,060,254

1,114,307

1,189,602

1,269,528

1,325,256

1,251,256

1,274,080

1,310,370

1,353,055

1,290,112

1,329,910

1,311,951

1,326,233

1,265,896

1,308,056

1,308,472

1,307,965

1,270,230

1,336,752

1,420,414

1,442,475

1,495,724

1,672,952

1,762,510

1,858,498

1,821,231

1,947,761

1,944,547

2,054,349

1,710,235

1,158,130

1,093,999

1,099,199

1,010,286

1,011,214

1,065,381

780,880

Liabilities and Equity [Abstract]
Current liabilities
Short-term debt

46,275

61,253

64,228

71,366

66,347

51,885

50,257

52,358

55,171

43,651

36,174

42,563

46,244

97,412

91,030

-

88,783

31,222

21,038

25,068

29,753

26,233

24,768

26,498

78,022

75,061

104,884

105,110

230,658

145,801

7,517

7,596

0

11,723

8,227

10,330

0

Long-term Debt, Current Maturities

-

-

-

-

-

-

-

-

-

-

-

-

46,244

-

91,030

89,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

179,933

158,647

182,337

209,422

250,918

212,129

208,237

226,041

227,954

195,497

184,330

187,077

186,163

148,255

152,387

145,568

138,126

123,154

127,998

135,758

152,923

146,305

169,439

200,548

213,464

176,719

195,123

211,878

210,585

180,065

106,670

109,555

112,666

76,574

98,898

114,837

35,281

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,758

4,084

3,280

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

115,744

107,253

119,383

111,834

121,979

111,054

123,244

129,057

130,284

133,774

133,631

118,024

129,281

120,437

130,238

122,252

125,034

115,721

122,966

121,967

134,409

129,018

137,849

139,463

148,570

134,791

153,476

134,172

128,904

141,214

81,298

70,464

99,481

87,469

88,542

102,352

57,072

Total current liabilities

341,952

327,153

365,948

392,622

439,244

375,068

381,738

407,456

413,409

372,922

354,135

347,664

361,688

366,104

373,655

356,858

351,943

270,097

272,002

282,793

317,085

301,556

335,814

370,593

443,336

386,571

453,483

451,160

570,147

467,080

195,485

187,615

212,147

175,766

195,667

227,519

92,353

Long-term debt

444,550

443,349

464,827

445,388

432,762

409,572

411,019

409,613

407,608

407,171

411,230

408,789

409,706

408,760

410,089

414,570

419,509

475,443

492,442

495,273

493,768

496,503

501,276

501,468

498,774

497,694

637,388

638,846

634,171

441,438

313,897

312,881

317,881

317,881

317,881

317,881

373,564

Deferred income taxes

2,644

6,672

7,435

8,819

9,627

9,416

10,359

11,765

14,376

13,545

17,807

18,248

16,362

13,183

16,627

16,852

15,505

14,509

0

3,524

5,148

18,582

44,712

48,706

57,406

60,985

47,216

50,305

61,071

62,259

53,001

43,243

38,414

38,691

37,080

47,921

1,664

Other long-term liabilities

67,186

73,145

78,216

79,091

83,152

67,290

62,424

66,032

70,248

73,197

84,611

77,826

81,225

80,161

84,409

86,180

89,781

88,324

83,321

84,330

83,089

89,025

81,763

76,127

76,858

77,945

98,632

103,518

100,044

107,096

73,499

73,184

87,069

81,069

68,234

79,364

41,268

Total liabilities

856,332

850,319

916,426

925,920

964,785

861,346

865,540

894,866

905,641

866,835

867,783

852,527

868,981

868,208

884,780

874,460

876,738

848,373

847,765

865,920

899,090

905,666

963,565

996,894

1,076,374

1,023,195

1,236,719

1,243,829

1,365,433

1,077,873

635,882

616,923

655,511

613,407

618,862

672,685

508,849

Redeemable Noncontrolling Interest, Equity, Carrying Amount

25,000

25,000

25,000

55,517

70,800

119,813

119,897

117,546

115,369

113,193

111,016

108,839

106,825

104,809

102,793

100,777

96,774

77,174

75,615

70,511

72,630

71,192

-

-

-

89,155

-

-

-

-

-

-

-

-

-

-

-

Equity
Titan stockholders' equity
Commitments and contingencies: Notes 13, 25 and 26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,787,263 issued at March 31, 2020 and 60,710,983 at December 31, 2019)

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

0

0

0

0

37

37

37

0

37

37

30

Additional paid-in capital

532,820

532,070

533,538

527,763

528,305

519,498

520,389

524,466

529,480

531,708

534,522

535,436

538,707

479,075

480,377

481,930

483,366

497,008

502,763

513,600

510,110

513,090

562,014

560,916

559,575

558,637

557,467

556,455

554,488

507,199

383,998

383,102

381,328

380,332

378,881

377,565

300,540

Retained deficit

-100,122

-74,334

-49,197

-29,751

-23,026

-29,048

-16,456

-22,471

-27,868

-44,022

-13,445

-1,128

5,463

17,214

27,524

37,746

39,915

49,297

100,727

132,472

125,970

126,007

179,322

188,657

209,436

207,541

223,389

215,564

180,936

173,407

165,473

146,105

102,261

67,053

52,803

31,851

9,744

Treasury stock (at cost, 425,271 and 427,771 shares, respectively)

4,212

4,234

6,490

7,082

7,567

7,831

8,004

8,407

8,515

8,606

9,502

9,893

10,015

10,119

11,226

11,784

12,028

12,420

13,376

13,508

13,772

13,897

15,253

15,343

15,494

15,586

15,769

15,873

16,004

16,445

16,519

16,600

17,065

17,338

17,446

18,172

19,324

Stock reserved for deferred compensation

-

-

-

-

-

-

0

0

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,075

1,233

1,233

1,233

1,233

1,233

1,233

1,917

Accumulated other comprehensive loss

-249,347

-218,651

-233,620

-207,996

-213,319

-203,571

-200,168

-188,518

-148,770

-157,076

-154,569

-168,128

-178,441

-188,278

-171,532

-171,324

-174,863

-187,751

-176,798

-150,923

-156,260

-112,630

-83,494

-52,414

-56,891

-61,794

-75,640

-77,107

-55,502

-56,469

-36,899

-36,135

-23,255

-33,575

-22,973

727

-17,042

Total Titan shareholders’ equity

179,139

234,851

244,231

282,934

284,393

279,048

295,761

305,070

343,252

320,929

355,931

355,212

354,639

296,817

324,068

335,493

335,315

345,059

412,241

480,566

464,973

511,495

641,514

680,741

695,551

687,723

688,372

677,964

662,843

606,617

494,857

475,276

442,073

395,239

390,069

390,775

272,031

Noncontrolling interests

-217

4,137

3,945

5,157

5,278

-8,951

-7,118

-7,112

-11,207

-10,845

-4,820

-4,627

-4,212

-3,938

-3,585

-2,258

-862

-376

1,131

3,417

5,782

7,371

67,873

84,875

86,573

21,158

22,670

22,754

26,073

25,745

27,391

1,800

1,615

1,640

2,283

1,921

0

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

178,922

238,988

248,176

288,091

289,671

270,097

288,643

297,958

332,045

310,084

351,111

350,585

350,427

292,879

320,483

333,235

334,453

344,683

413,372

483,983

470,755

518,866

709,387

765,616

782,124

708,881

711,042

700,718

688,916

632,362

522,248

477,076

443,688

396,879

392,352

392,696

272,031

Total liabilities and equity

1,060,254

1,114,307

1,189,602

1,269,528

1,325,256

1,251,256

1,274,080

1,310,370

1,353,055

1,290,112

1,329,910

1,311,951

1,326,233

1,265,896

1,308,056

1,308,472

1,307,965

1,270,230

1,336,752

1,420,414

1,442,475

1,495,724

1,672,952

1,762,510

1,858,498

1,821,231

1,947,761

1,944,547

2,054,349

1,710,235

1,158,130

1,093,999

1,099,199

1,010,286

1,011,214

1,065,381

780,880