Titan international, inc. (TWI)
Income statement / 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'11Sep'10Jun'10
Revenue from Contract with Customer, Excluding Assessed Tax

1,379,792

1,448,666

1,510,279

1,549,093

1,587,400

1,602,408

1,615,039

1,601,308

1,536,803

1,468,922

1,400,182

1,335,389

1,301,204

1,265,497

1,266,012

1,268,653

1,314,506

1,394,771

1,470,239

1,610,982

1,758,646

1,895,527

2,006,657

2,054,588

2,124,148

2,163,595

2,162,826

2,070,035

1,935,977

1,820,678

1,729,957

1,724,043

1,669,257

1,486,998

1,306,899

1,137,750

0

0

0

Cost of sales

1,266,229

1,319,662

1,362,918

1,385,128

1,403,431

1,404,142

1,407,592

1,397,428

1,347,215

1,298,694

1,241,344

1,181,768

1,147,885

1,124,082

1,144,334

1,155,742

1,194,260

1,260,028

1,323,423

1,446,680

1,589,827

1,714,952

1,803,620

1,832,684

1,871,159

1,868,405

1,865,385

1,767,939

1,638,450

1,526,539

1,428,839

1,437,092

1,400,058

1,254,890

1,105,353

955,295

0

0

0

Asset Impairment Cost

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Gross Profit

110,984

129,004

147,361

163,965

183,969

198,266

197,530

193,963

179,671

160,311

158,838

153,621

153,319

141,415

121,678

112,911

120,246

134,743

141,681

159,167

128,887

140,643

168,240

187,107

252,989

295,190

297,441

302,096

297,527

294,139

301,118

286,951

269,199

232,108

201,546

182,455

0

0

0

Selling, General and Administrative Expense

133,749

137,697

139,086

137,841

136,055

134,789

137,430

143,474

143,977

150,676

152,830

149,425

151,264

144,988

139,071

138,235

139,781

140,393

153,747

157,466

162,453

173,614

171,445

170,945

171,763

167,371

171,242

158,008

137,765

126,157

115,245

98,296

91,459

85,917

62,451

66,065

0

0

0

Research and Development Expense

9,652

9,859

10,394

10,676

10,886

11,146

10,616

10,482

10,336

10,302

10,089

10,229

10,335

9,971

10,105

10,490

10,555

11,162

12,320

12,585

13,381

14,005

13,416

12,947

12,173

11,165

10,973

9,954

8,342

7,148

5,691

4,728

4,553

4,228

4,105

5,209

0

0

0

Royalty expense

9,754

9,880

9,716

9,844

10,030

10,087

10,624

10,639

10,538

10,484

9,906

9,595

9,171

8,856

8,980

8,816

9,602

10,533

11,073

12,627

13,562

14,078

14,545

14,812

14,277

14,259

14,480

14,277

13,634

12,260

11,000

9,524

9,222

9,790

9,805

9,955

0

0

0

Supply agreement termination income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Income (loss) from operations

-42,171

-28,432

-11,835

5,604

26,998

42,244

38,860

29,368

14,820

-11,151

-13,987

-15,628

-17,451

-22,400

-36,478

-44,630

-39,692

-27,345

-72,030

-60,082

-97,080

-97,625

-31,166

-11,597

54,776

102,395

100,746

119,857

163,920

174,708

195,316

200,537

163,965

132,173

125,185

101,226

0

0

0

Interest Expense

33,239

33,137

32,255

31,494

30,871

30,456

30,437

30,378

30,026

30,229

29,909

31,086

31,748

32,539

33,553

33,128

33,788

34,032

35,115

35,777

36,061

36,564

38,332

41,795

45,938

47,120

44,883

38,656

31,804

27,658

24,913

25,342

25,274

25,259

24,912

25,086

0

0

0

Convertible debt conversion charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,273

7,273

7,273

7,273

0

0

0

0

16,135

16,135

16,135

0

0

0

Loss on senior note repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Gain on earthquake insurance recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

Foreign Currency Transaction Gain (Loss), before Tax

-18,966

3,999

-1,774

1,347

-1,024

-11,179

-9,193

-9,233

-10,880

-1,958

1,195

778

8,217

8,550

8,365

-7,366

-5,901

-4,758

-18,986

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Nonoperating Income (Expense)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

9,858

12,036

-

19,198

19,776

14,908

14,181

9,108

6,379

7,388

8,687

9,915

15,264

12,441

12,651

11,063

10,551

12,383

15,459

13,658

13,661

19,796

11,032

11,935

8,372

2,089

5,131

6,823

9,087

6,092

7,749

4,831

2,308

2,437

0

0

0

(Loss) income before income taxes

-78,410

-48,044

-36,006

-12,507

7,547

19,807

360

-13,981

-30,551

-52,876

-36,322

-38,548

-32,295

-36,474

-46,402

-72,683

-66,730

-55,072

-120,761

-105,576

-143,429

-152,244

-96,757

-61,250

14,667

54,734

117,791

136,846

168,352

192,251

179,775

181,572

146,725

95,895

85,973

59,247

0

0

0

Provision for income taxes

1,615

3,475

3,785

4,562

9,463

6,762

8,977

8,532

6,975

11,203

6,667

2,197

5,719

3,281

34,140

36,497

34,364

34,756

-2,980

-8,390

-17,072

-21,819

-29,511

-18,673

9,497

25,047

60,804

68,682

78,719

86,613

67,136

66,237

50,159

37,759

37,913

28,143

0

0

0

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

48,060

31,104

0

0

0

Net loss attributable to noncontrolling interests

-4,137

-3,094

-3,909

-2,626

-2,333

-3,042

-6,717

-6,300

-6,584

-4,037

373

-1,393

-1,699

-2,150

-5,834

-11,004

-12,945

-14,654

-40,262

-42,076

-43,965

-49,964

-24,251

-16,742

-12,723

-5,518

-1,975

-2,284

-1,654

-1,593

-876

236

-41

-16

354

-8

0

0

0

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-75,888

-48,425

-35,882

-14,443

417

16,087

-1,900

-16,213

-30,942

-60,042

-43,362

-39,352

-36,315

-37,605

-74,708

-98,176

-88,149

-75,174

-77,519

-55,110

-82,392

-80,461

-42,995

-25,835

17,893

35,205

58,962

70,448

91,287

107,231

113,515

115,099

96,607

58,152

47,706

31,112

0

0

0

Redemption value adjustment

-1,152

-1,928

-3,069

-6,623

-10,640

-12,207

-13,478

-10,315

-9,677

-6,393

-5,062

-5,547

-3,407

-9,556

-14,742

-24,426

-19,946

-17,668

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-77,040

-50,353

-38,951

-21,066

-10,223

3,880

-15,378

-26,528

-40,619

-66,435

-48,424

-44,899

-39,722

-47,161

-89,450

-122,602

-108,095

-92,842

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share [Abstract]
Basic

-0.42

-0.41

-0.33

-0.12

0.02

-0.23

-0.03

0.06

0.26

-0.55

-0.22

-0.17

-0.18

-0.27

-0.17

-0.10

-0.33

-

-0.79

0.17

-

-1.58

-0.47

-0.40

0.02

-0.30

0.15

0.43

0.38

0.12

0.46

1.05

0.84

0.36

0.50

0.61

-0.07

0.12

0.13

Earnings Per Share, Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-0.42

-0.41

-0.33

-0.12

0.02

-0.23

-0.03

0.06

0.26

-0.55

-0.22

-0.17

-0.18

-0.27

-0.17

-0.10

-0.33

-1.06

-0.79

0.17

-0.05

-1.58

-0.47

-0.40

0.02

-0.25

0.15

0.40

0.34

0.14

0.39

0.84

0.68

0.33

0.42

0.50

-0.07

0.11

0.12

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

60,360

60,293

60,161

60,000

59,946

59,922

59,897

59,750

59,711

59,611

59,600

59,577

58,572

53,980

53,946

53,884

53,854

53,728

53,707

53,686

53,663

53,535

53,497

53,486

53,470

53,474

53,440

53,426

51,816

47,077

42,180

42,158

42,105

42,108

42,028

41,981

40,511

34,868

34,815

Weighted Average Number of Shares Outstanding, Diluted

60,360

60,293

60,161

60,000

59,946

59,985

59,897

59,878

59,876

59,611

59,600

59,577

58,572

53,980

53,946

53,884

53,854

47,925

53,707

59,489

53,663

53,231

53,497

53,486

53,774

59,551

59,391

59,504

59,642

58,356

53,326

53,516

53,450

65,610

53,061

53,394

40,511

51,773

51,407

Dividends declared per common share:

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00