Titan international, inc. (TWI)
CashFlow / Quarterly
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'11Mar'11
Assets [Abstract]
Cash flows from operating activities:
Net (loss) income

-27,499

-25,805

-20,044

-6,677

1,007

-14,077

2,678

8,476

15,968

-35,739

-11,218

-6,537

-10,585

-14,649

-8,974

-3,806

-12,326

-55,436

-37,612

4,280

-1,060

-83,389

-17,017

-24,891

-5,128

-20,210

7,652

22,856

19,389

7,090

18,829

44,325

35,394

14,091

21,525

25,556

-3,036

Adjustments to reconcile net (loss) income to net cash provided by (used for) operating activities:
Depreciation and amortization

13,785

13,029

13,538

13,136

14,673

14,223

13,220

14,845

15,330

14,415

14,543

15,020

14,466

14,879

14,274

15,366

15,249

16,637

16,377

18,124

18,480

20,915

20,974

23,540

23,275

24,289

16,302

20,047

19,984

18,230

12,312

11,710

11,843

12,155

11,607

11,847

9,299

Amortization of debt premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-184

-983

-984

-218

0

0

0

0

-

-

-

-

Asset Impairment Charges

2,579

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax provision

-1,426

-1,562

-894

1,522

-1,366

-1,428

-1,150

-2,223

2,510

1,261

-1,800

609

715

-852

-428

878

-278

33,022

-2,976

-1,701

-3,901

-9,582

3,051

-13,357

-4,912

2,856

-16,073

9,176

37

10,264

6,334

8,663

-8,091

-8,487

-408

1,031

7,415

Unrealized Gain (Loss) on Investments

1,302

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on property insurance settlement

4,936

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debt conversion charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,273

0

0

0

0

0

0

0

16,135

Stock-based compensation

490

422

404

286

269

283

229

545

73

366

217

752

204

829

233

561

370

581

415

1,027

312

2,195

1,022

1,266

877

1,088

927

1,837

963

1,128

784

1,384

791

644

364

991

393

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-220

-150

-388

723

-6

-43

-2

-22

-4

-13

-29

-1

-5

184

6

706

0

0

0

Issuance of stock under 401(k) plan

282

309

308

318

141

140

142

146

133

127

143

139

131

96

139

147

136

128

151

153

151

135

172

172

160

149

171

172

154

135

160

154

139

125

143

142

126

Foreign currency translation (gain) loss

-17,291

2,330

538

-4,906

6,695

518

4,367

-4,265

-3,769

-4,197

1,406

-3,809

1,342

88

-16,562

10,740

-4,000

-30,800

28,108

-5,020

-4,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in assets:
Accounts receivable

45,330

-40,708

-43,317

-25,890

53,083

-16,726

-17,815

4,779

65,854

-8,237

11,836

-13,301

48,180

-1,219

-12,577

-22,361

32,150

-9,028

-28,618

-19,004

56,153

-41,050

-42,625

-32,493

61,482

-27,439

-47,327

13,371

34,978

-59,938

-27,560

-3,329

54,988

-26,675

-20,201

102,474

50,021

Inventories

-6,611

-26,734

-22,662

-31,815

17,557

15,359

14,948

21,497

26,115

9,479

2,361

29,175

14,547

-3,187

5,401

5,404

-15,610

-20,913

-4,765

-2,763

-5,958

-26,990

3,011

-3,963

7,009

11,681

4,000

-1,711

16,310

-60,838

10,586

3,886

22,449

8,241

12,398

29,271

5,697

Prepaid and other current assets

6,404

-4,985

1,310

152

1,611

7,676

-6,854

2,413

2,142

10,769

-17,169

-236

-2,641

4,404

4,731

10,918

-3,335

-5,549

-1,529

1,506

-4,374

-8,401

14,138

-7,460

-28,601

15,138

9,053

14,764

870

7,610

6,314

8,272

3,033

-7,242

3,368

6,720

-632

Other assets

-1,155

732

2,415

1,847

-3,152

7,033

1,379

3,612

1,030

-12,186

672

-3,871

251

134

-1,343

199

1,119

6,120

-2,028

3,204

-2,516

-2,404

-501

-806

4,856

3,964

-1,106

-3,488

-1,330

-3,288

-1,357

-5,431

3,089

1,736

-3,092

232

-10

Increase (decrease) in liabilities:
Accounts payable

34,006

-28,185

-21,135

-43,233

39,370

4,151

-14,337

9,757

29,793

11,212

-6,777

-1,164

34,313

-391

6,337

5,260

9,747

-3,244

223

-19,643

24,066

-20,678

-20,474

-19,021

34,038

-13,823

-18,712

8,112

33,902

-70,435

-11,453

2,012

35,334

-24,549

-8,196

67,831

9,905

Other current liabilities

15,012

-13,789

10,583

-11,487

4,538

2,206

-4,412

3,761

-4,421

701

13,743

-12,347

7,425

-7,680

7,792

-4,273

7,796

578

1,238

-7,724

5,736

-9,465

2,439

-11,204

16,141

-23,774

23,620

3,864

-4,266

3,053

5,045

-11,839

11,580

-1,032

-9,045

10,827

8,442

Other liabilities

-342

446

1,432

-8,859

1,543

4,892

-3,124

-1,515

-3,697

-11,355

5,596

-4,528

471

-2,496

-1,931

-3,374

-37

19,200

-1,658

-1,934

-12,180

10,341

18,142

-11,003

-1,716

-5,316

-2,709

9,816

-5,139

-2,462

-7,628

1,342

17,223

882

-4,568

-3,646

802

Net Cash Provided by (Used in) Operating Activities

3,972

14,230

41,213

5,618

-15,619

-3,470

-2,779

5,756

-35,683

13,923

15,341

-16,014

-14,539

-10,484

24,312

27,339

2,333

33,394

22,694

14,809

-6,967

40,473

34,292

25,064

17,991

-15,315

45,579

65,330

21,280

45,080

36,405

28,035

20,648

16,109

18,949

-25,037

-5,595

Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment

6,420

10,160

9,529

7,272

9,453

12,502

8,082

10,609

7,807

9,046

8,428

6,763

8,389

11,102

12,796

10,901

7,149

13,216

12,708

11,086

11,419

12,110

15,446

14,129

16,754

25,175

18,888

14,894

21,174

29,421

17,313

10,851

8,155

17,843

7,705

6,727

3,469

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

719

12,676

94,011

-1

1,671

0

-

-

-

-

-

-

-

-

Additional equity investment in Wheels India

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,188

-

-

-

-

-

-

-

-

-

-

-

-

Payment related to redeemable noncontrolling interest agreement

0

0

30,722

16,000

25,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Investments

-6,917

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Insurance Settlement, Investing Activities

4,936

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

80

14,188

-

0

0

0

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Other Investing Activities

366

4,830

-119

-1,041

-194

-585

-600

-90

-794

300

-255

-464

-574

-535

-393

-523

-771

5,825

-1,609

-374

-2,334

3,314

-1,369

37

-3,278

-777

-1,163

-398

219

-430

-183

-345

-108

-532

-546

-772

-623

Net Cash Provided by (Used in) Investing Activities

5,067

4,031

-40,132

-22,231

-34,259

-11,917

-7,482

-10,519

-7,013

-9,346

1,827

33,701

-7,815

-60,567

-12,403

-10,378

-6,378

-19,041

-11,099

-10,712

-9,085

-15,424

-14,077

-14,805

-11,964

-132,882

-17,724

-21,305

-21,393

4,549

-49,890

-10,506

-8,047

14,275

-37,159

-105,073

-2,846

Cash flows from financing activities:
Proceeds from borrowings

23,949

10,074

31,430

40,325

52,398

9,186

8,030

23,598

16,480

414,099

5,798

13,107

14,635

14,895

831

1,449

110

-8,839

1,327

2,137

11,102

794

8,697

-728

6,945

443,391

0

0

345,313

17,171

0

0

0

-

-

-

-

Repurchase of senior secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,064

Repayments of Other Debt

31,940

41,605

17,213

26,726

15,357

8,418

5,612

18,807

5,720

14,157

11,926

18,861

10,216

8,592

3,794

2,960

7,288

-5,861

2,865

7,061

1,456

-14

6,966

49,145

4,248

38,681

6,958

137,023

18,059

6,377

208

1,782

12,444

8,227

629

0

0

Convertible note conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,090

0

0

0

0

-

-

-

-

Term loan borrowing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

723

14,339

10,818

-

0

4,378

0

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

121

20

138

22

102

739

9

38

517

370

47

0

247

230

Payment of financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

33

6,812

68

388

5,064

1,275

0

0

0

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-220

-150

-388

-

-6

-43

-2

-

-4

-13

-29

-1

-5

184

6

706

0

0

0

Payments of Ordinary Dividends, Common Stock

302

303

302

298

301

301

302

299

299

299

298

299

271

271

270

270

270

270

269

269

269

269

268

268

268

268

267

268

243

211

211

212

211

211

211

210

177

Net Cash Provided by (Used in) Financing Activities

-8,293

-31,834

13,915

13,301

36,740

467

2,116

4,492

10,461

-15,752

-6,426

-6,053

4,148

6,032

-3,233

-1,781

-7,448

-2,489

-2,027

-5,199

8,989

-82

1,457

-50,063

2,414

-106,902

-6,552

-123,251

319,385

4,938

-386

3,085

-12,279

4,046

-840

14,185

-1,011

Effect of Exchange Rate on Cash and Cash Equivalents

-7,167

1,769

-2,759

1,363

-232

-194

-1,547

-5,667

1,094

-930

1,697

444

1,537

-2,663

-405

961

2,402

-5,488

-3,240

-1,965

-3,837

-3,787

-4,355

2,664

2,293

-2,997

1,766

-4,834

61

-343

-689

-472

-184

466

-838

39

0

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-6,421

-

-

-

-13,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-

-

-

-15,114

-9,692

-5,938

-31,141

-12,105

12,439

12,078

-16,669

-67,682

8,271

16,141

-9,091

6,376

6,328

-3,067

-10,900

21,180

17,317

-37,140

10,734

-258,096

23,069

-84,060

319,333

54,224

-14,560

20,142

138

34,896

-19,888

-115,886

-9,452

Supplemental information:
Interest paid

785

-

-

-

1,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

15,009

792

-

444

15,458

2,458

14,553

3,317

14,331

2,179

14,551

-542

15,474

4,589

14,734

-1,415

18,142

2,553

23,391

2,109

840

15,535

11,862

3,474

256

11,600

-

-

-

-

Income taxes paid, net of refunds received

1,513

4,296

1,917

2,889

1,314

5,056

2,354

2,517

2,508

4,044

-2,671

2,573

648

1,147

949

2,230

1,137

-590

1,279

2,879

-3,763

-33,580

1,538

1,946

4,508

2,837

19,316

27,204

10,003

22,918

16,725

36,958

9,986

-

-

-

-

Stock Issued During Period, Value, Conversion of Convertible Securities

-

-

-

-

-

-

-

-

-

-

0

0

58,460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Stockholders' Equity, Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

91,806

0

0

-45,903

0

0

0

0

-

-

-

-