Titan international, inc. (TWI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue from Contract with Customer, Excluding Assessed Tax

1,448,666

1,602,408

1,468,922

1,265,497

1,394,771

1,895,527

2,163,595

1,820,678

1,486,998

881,591

727,599

Cost of sales

1,319,662

1,404,142

1,298,694

1,124,082

1,260,028

1,714,952

1,868,405

1,526,539

1,254,890

777,501

671,634

Asset impairment

0

0

9,917

0

0

39,932

0

0

-

-

-

Gross Profit

129,004

198,266

160,311

141,415

134,743

140,643

295,190

294,139

232,108

104,090

55,965

Selling, General and Administrative Expense

137,697

134,789

150,676

144,988

140,393

173,614

167,371

126,157

85,917

57,565

46,734

Research and Development Expense

9,859

11,146

10,302

9,971

11,162

14,005

11,165

7,148

4,228

6,317

8,850

Royalty expense

9,880

10,087

10,484

8,856

10,533

14,078

14,259

12,260

9,790

9,263

7,573

Noncash goodwill impairment charge

-

-

-

-

-

36,571

0

0

-

-

11,702

Supply agreement termination income

-

-

-

-

-

-

-

26,134

0

0

-

Income (loss) from operations

-28,432

42,244

-11,151

-22,400

-27,345

-97,625

102,395

174,708

132,173

30,945

-18,894

Interest Expense

33,137

30,456

30,229

32,539

34,032

36,564

47,120

27,658

25,259

26,667

16,246

Convertible debt conversion charge

-

-

-

-

-

-

7,273

0

16,135

0

0

Loss on senior note repurchase

0

0

-18,646

0

0

-

-22,734

0

0

-14,573

1,398

Noncash Titan Europe gain

-

-

-

-

-

-

-

26,700

0

0

-

Gain on earthquake insurance recovery

-

-

-

-

-

-

22,451

0

0

-

-

Foreign Currency Transaction Gain (Loss), before Tax

3,999

-11,179

-1,958

8,550

-4,758

-31,713

-4,920

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

11,678

285

-

-

Other income

9,526

19,198

9,108

9,915

11,063

13,658

11,935

6,823

4,831

1,105

1,740

(Loss) income before income taxes

-48,044

19,807

-52,876

-36,474

-55,072

-152,244

54,734

192,251

95,895

-9,190

-32,002

Provision for income taxes

3,475

6,762

11,203

3,281

34,756

-21,819

25,047

86,613

37,759

-3,264

-7,357

Net (loss) income

-51,519

13,045

-64,079

-39,755

-89,828

-130,425

29,687

105,638

58,136

-5,926

-24,645

Net loss attributable to noncontrolling interests

-3,094

-3,042

-4,037

-2,150

-14,654

-49,964

-5,518

-1,593

-16

0

0

Net Income (Loss) Attributable to Parent

-48,425

16,087

-60,042

-37,605

-75,174

-80,461

35,205

107,231

58,152

-5,926

-24,645

Redemption value adjustment

-1,928

-12,207

-6,393

-9,556

-17,668

-49,277

0

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-50,353

3,880

-66,435

-47,161

-92,842

-129,738

35,205

-

-

-

-

Earnings Per Share [Abstract]
Basic

-0.84

0.06

-1.12

-0.87

-1.73

-2.43

0.66

2.47

1.40

-0.17

-0.71

Diluted

-0.84

0.06

-1.12

-0.87

-1.73

-2.43

0.64

2.05

1.18

-0.17

-0.71

Average common shares and equivalents outstanding:
Weighted Average Number of Shares Outstanding, Basic

60,100

59,820

59,340

53,916

53,696

53,497

53,039

43,380

41,657

34,896

34,708

Weighted Average Number of Shares Outstanding, Diluted

60,100

59,909

59,340

53,916

53,696

53,497

59,522

54,662

53,144

34,896

34,708

Dividends declared per common share:

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02