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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 78,603 $ 81,685
Accounts receivable, net 221,228 241,832
Inventories 351,871 395,735
Prepaid and other current assets 80,692 60,229
Total current assets 732,394 779,481
Property, plant and equipment, net 366,121 384,872
Operating Lease, Right-of-Use Asset 23,497 0
Deferred income taxes 1,657 2,874
Other assets 65,933 84,029
Total assets 1,189,602 1,251,256
Current liabilities    
Short-term debt 64,228 51,885
Accounts payable 182,337 212,129
Other current liabilities 119,383 111,054
Total current liabilities 365,948 375,068
Long-term debt 464,827 409,572
Deferred income taxes 7,435 9,416
Other long-term liabilities 78,216 67,290
Total liabilities 916,426 861,346
Redeemable noncontrolling interest 25,000 119,813
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,715,356 issued at September 30, 2019, and December 31, 2018) 0 0
Additional paid-in capital 533,538 519,498
Retained deficit (49,197) (29,048)
Treasury stock (at cost, 548,881 and 798,383 shares, respectively) (6,490) (7,831)
Accumulated other comprehensive loss (233,620) (203,571)
Total Titan shareholders’ equity 244,231 279,048
Noncontrolling interests 3,945 (8,951)
Total equity 248,176 270,097
Total liabilities and equity $ 1,189,602 $ 1,251,256