Titan international, inc. (TWI)
CashFlow / TTM
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

-80,025

-51,519

-39,791

-17,069

-1,916

13,045

-8,617

-22,513

-37,526

-64,079

-42,989

-40,745

-38,014

-39,755

-80,542

-109,180

-101,094

-89,828

-117,781

-97,186

-126,357

-130,425

-67,246

-42,577

5,170

29,687

56,987

68,164

89,633

105,638

112,639

115,335

96,566

58,136

0

0

0

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

53,488

54,376

55,570

55,252

56,961

57,618

57,810

59,133

59,308

58,444

58,908

58,639

58,985

59,768

61,526

63,629

66,387

69,618

73,896

78,493

83,909

88,704

92,078

87,406

83,913

80,622

74,563

70,573

62,236

54,095

48,020

47,315

47,452

44,908

0

0

0

Amortization of debt premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,369

-2,185

-1,202

-218

0

0

0

0

-

-

-

-

Asset Impairment Charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax provision

-2,360

-2,300

-2,166

-2,422

-6,167

-2,291

398

-252

2,580

785

-1,328

44

313

-680

33,194

30,646

28,067

24,444

-18,160

-12,133

-23,789

-24,800

-12,362

-31,486

-8,953

-4,004

3,404

25,811

25,298

17,170

-1,581

-8,323

-15,955

-449

0

0

0

Unrealized Gain (Loss) on Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on property insurance settlement

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debt conversion charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,273

7,273

7,273

7,273

0

0

0

0

16,135

0

0

0

Stock-based compensation

1,602

1,381

1,242

1,067

1,326

1,130

1,213

1,201

1,408

1,539

2,002

2,018

1,827

1,993

1,745

1,927

2,393

2,335

3,949

4,556

4,795

5,360

4,253

4,158

4,729

4,815

4,855

4,712

4,259

4,087

3,603

3,183

2,790

2,392

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

179

286

672

-73

-71

-41

-68

-47

-48

149

184

891

896

712

706

0

0

0

Issuance of stock under 401(k) plan

1,217

1,076

907

741

569

561

548

549

542

540

509

505

513

518

550

562

568

583

590

611

630

639

653

652

652

646

632

621

603

588

578

561

549

536

0

0

0

Foreign currency translation (gain) loss

-19,329

4,657

2,845

6,674

7,315

-3,149

-7,864

-10,825

-10,369

-5,258

-973

-18,941

-4,392

-9,734

-40,622

4,048

-11,712

-12,058

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in assets:
Accounts receivable

-64,585

-56,832

-32,850

-7,348

23,321

36,092

44,581

74,232

56,152

38,478

45,496

21,083

12,023

-4,007

-11,816

-27,857

-24,500

-497

-32,519

-46,526

-60,015

-54,686

-41,075

-45,777

87

-26,417

-58,916

-39,149

-55,849

-35,839

-2,576

4,783

110,586

105,619

0

0

0

Inventories

-87,822

-63,654

-21,561

16,049

69,361

77,919

72,039

59,452

67,130

55,562

42,896

45,936

22,165

-7,992

-25,718

-35,884

-44,051

-34,399

-40,476

-32,700

-33,900

-20,933

17,738

18,727

20,979

30,280

-42,239

-35,653

-30,056

-23,917

45,162

46,974

72,359

55,607

0

0

0

Prepaid and other current assets

2,881

-1,912

10,749

2,585

4,846

5,377

8,470

-1,845

-4,494

-9,277

-15,642

6,258

17,412

16,718

6,765

505

-8,907

-9,946

-12,798

2,869

-6,097

-30,324

-6,785

-11,870

10,354

39,825

32,297

29,558

23,066

25,229

10,377

7,431

5,879

2,214

0

0

0

Other assets

3,839

1,842

8,143

7,107

8,872

13,054

-6,165

-6,872

-14,355

-15,134

-2,814

-4,829

-759

109

6,095

5,410

8,415

4,780

-3,744

-2,217

-6,227

1,145

7,513

6,908

4,226

-1,960

-9,212

-9,463

-11,406

-6,987

-1,963

-3,698

1,965

-1,134

0

0

0

Increase (decrease) in liabilities:
Accounts payable

-58,547

-53,183

-20,847

-14,049

38,941

29,364

36,425

43,985

33,064

37,584

25,981

39,095

45,519

20,953

18,100

11,986

-12,917

1,402

-16,032

-36,729

-36,107

-26,135

-19,280

-17,518

9,615

9,479

-47,133

-39,874

-45,974

-44,542

1,344

4,601

70,420

44,991

0

0

0

Other current liabilities

319

-10,155

5,840

-9,155

6,093

-2,866

-4,371

13,784

-2,324

9,522

1,141

-4,810

3,264

3,635

11,893

5,339

1,888

-172

-10,215

-9,014

-12,494

-2,089

-16,398

4,783

19,851

-556

26,271

7,696

-8,007

7,839

3,754

-10,336

12,330

9,192

0

0

0

Other liabilities

-7,323

-5,438

-992

-5,548

1,796

-3,444

-19,691

-10,971

-13,984

-9,816

-957

-8,484

-7,330

-7,838

13,858

14,131

15,571

3,428

-5,431

14,369

5,300

15,764

107

-20,744

75

-3,348

-494

-5,413

-13,887

8,475

11,819

14,879

9,891

-6,530

0

0

0

Net Cash Provided by (Used in) Operating Activities

65,033

45,442

27,742

-16,250

-16,112

-36,176

-18,783

-663

-22,433

-1,289

-25,696

-16,725

26,628

43,500

87,378

85,760

73,230

63,930

71,009

82,607

92,862

117,820

62,032

73,319

113,585

116,874

177,269

168,095

130,800

130,168

101,197

83,741

30,669

4,426

0

0

0

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

33,381

36,414

38,756

37,309

40,646

39,000

35,544

35,890

32,044

32,626

34,682

39,050

43,188

41,948

44,062

43,974

44,159

48,429

47,323

50,061

53,104

58,439

71,504

74,946

75,711

80,131

84,377

82,802

78,759

65,740

54,162

44,554

40,430

35,744

0

0

0

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,395

107,406

107,405

108,357

95,681

0

0

0

-

-

-

-

-

-

-

-

Additional equity investment in Wheels India

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment related to redeemable noncontrolling interest agreement

46,722

71,722

71,722

41,000

25,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Insurance Settlement, Investing Activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Other Investing Activities

4,036

3,476

-1,939

-2,420

-1,469

-2,069

-1,184

-839

-1,213

-993

-1,828

-1,966

-2,025

-2,222

4,138

2,922

3,071

1,508

-1,003

-763

-352

-1,296

-5,387

-5,181

-5,616

-2,119

-1,772

-792

-739

-1,066

-1,168

-1,531

-1,958

-2,473

0

0

0

Net Cash Provided by (Used in) Investing Activities

-53,265

-92,591

-108,539

-75,889

-64,177

-36,931

-34,360

-25,051

19,169

18,367

-32,854

-47,084

-91,163

-89,726

-48,200

-46,896

-47,230

-49,937

-46,320

-49,298

-53,391

-56,270

-173,728

-177,375

-183,875

-193,304

-55,873

-88,039

-77,240

-63,894

-54,168

-41,437

-136,004

-130,803

0

0

0

Cash flows from financing activities:
Proceeds from borrowings

105,778

134,227

133,339

109,939

93,212

57,294

462,207

459,975

449,484

447,639

48,435

43,468

31,810

17,285

-6,449

-5,953

-5,265

5,727

15,360

22,730

19,865

15,708

458,305

449,608

450,336

788,704

362,484

362,484

362,484

17,171

0

0

0

-

-

-

-

Repurchase of senior secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,064

0

0

0

Repayments of Other Debt

117,484

100,901

67,714

56,113

48,194

38,557

44,296

50,610

50,664

55,160

49,595

41,463

25,562

22,634

8,181

7,252

11,353

5,521

11,368

15,469

57,553

60,345

99,040

99,032

186,910

200,721

168,417

161,667

26,426

20,811

22,661

23,082

21,300

8,856

0

0

0

Convertible note conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,090

14,090

14,090

14,090

0

0

0

0

-

-

-

-

Term loan borrowing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

279

301

282

1,001

872

888

1,303

934

972

934

664

524

0

0

0

Payment of financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

6,845

6,913

7,301

12,332

6,795

6,727

6,339

1,275

0

0

0

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-47

-48

149

184

891

896

712

706

0

0

0

Payments of Ordinary Dividends, Common Stock

1,205

1,204

1,202

1,202

1,203

1,201

1,199

1,195

1,195

1,167

1,139

1,111

1,082

1,081

1,080

1,079

1,078

1,077

1,076

1,075

1,074

1,073

1,072

1,071

1,071

1,046

989

933

877

845

845

845

843

809

0

0

0

Net Cash Provided by (Used in) Financing Activities

-12,911

32,122

64,423

52,624

43,815

17,536

1,317

-7,225

-17,770

-24,083

-2,299

894

5,166

-6,430

-14,951

-13,745

-17,163

-726

1,681

5,165

-39,699

-46,274

-153,094

-161,103

-234,291

82,680

194,520

200,686

327,022

-4,642

-5,534

-5,988

5,112

16,380

0

0

0

Effect of Exchange Rate on Cash and Cash Equivalents

-6,794

141

-1,822

-610

-7,640

-6,314

-7,050

-3,806

2,305

2,748

1,015

-1,087

-570

295

-2,530

-5,365

-8,291

-14,530

-12,829

-13,944

-9,315

-3,185

-2,395

3,726

-3,772

-6,004

-3,350

-5,805

-1,443

-1,688

-879

-1,028

-517

-333

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-

-

-

-61,885

-58,876

-36,745

-18,729

-4,257

-59,834

-64,002

-59,939

-52,361

21,697

19,754

546

-1,263

13,541

24,530

-9,543

12,091

-267,185

-261,433

-308,353

246

312,566

274,937

379,139

59,944

40,616

35,288

-100,740

-110,330

0

0

0

Supplemental information:
Interest paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

0

36,498

-

32,913

35,786

34,659

34,380

34,378

30,519

31,662

34,072

34,255

33,382

36,050

34,014

42,671

46,195

28,893

41,875

30,346

31,711

31,127

27,192

0

0

0

-

-

-

-

Income taxes paid, net of refunds received

10,615

10,416

11,176

11,613

11,241

12,435

11,423

6,398

6,454

4,594

1,697

5,317

4,974

5,463

3,726

4,056

4,705

-195

-33,185

-32,926

-33,859

-25,588

10,829

28,607

53,865

59,360

79,441

76,850

86,604

86,587

0

0

0

-

-

-

-

Stock Issued During Period, Value, Conversion of Convertible Securities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

45,903

-45,903

-45,903

-45,903

0

0

0

0

-

-

-

-