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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 68,315 $ 81,685
Accounts receivable, net 295,333 241,832
Inventories 412,238 395,735
Prepaid and other current assets 61,587 60,229
Total current assets 837,473 779,481
Property, plant and equipment, net 378,684 384,872
Operating Lease, Right-of-Use Asset 23,701 0
Deferred income taxes 4,252 2,874
Other assets 81,146 84,029
Total assets 1,325,256 1,251,256
Current liabilities    
Short-term debt 66,347 51,885
Accounts payable 250,918 212,129
Other current liabilities 121,979 111,054
Total current liabilities 439,244 375,068
Long-term debt 432,762 409,572
Deferred income taxes 9,627 9,416
Other long-term liabilities 83,152 67,290
Total liabilities 964,785 861,346
Redeemable noncontrolling interest 70,800 119,813
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,715,356 issued at March 31, 2019 and December 31, 2018) 0 0
Additional paid-in capital 528,305 519,498
Retained deficit (23,026) (29,048)
Treasury stock (at cost, 768,969 and 798,383 shares, respectively) (7,567) (7,831)
Accumulated other comprehensive loss (213,319) (203,571)
Total Titan shareholders’ equity 284,393 279,048
Noncontrolling interests 5,278 (8,951)
Total equity 289,671 270,097
Total liabilities and equity $ 1,325,256 $ 1,251,256