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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 66,799 $ 81,685
Accounts receivable (net of allowance of $3,714 and $3,404, respectively) 185,238 241,832
Inventories 333,356 395,735
Prepaid and other current assets 58,869 60,229
Total current assets 644,262 779,481
Property, plant and equipment, net 374,798 384,872
Operating Lease, Right-of-Use Asset 23,914 0
Deferred income taxes 2,331 2,874
Other long-term assets 69,002 84,029
Total assets 1,114,307 1,251,256
Current liabilities    
Short-term debt 61,253 51,885
Accounts payable 158,647 212,129
Other current liabilities 107,253 111,054
Total current liabilities 327,153 375,068
Long-term debt 443,349 409,572
Deferred income taxes 6,672 9,416
Other long-term liabilities 73,145 67,290
Total liabilities 850,319 861,346
Redeemable noncontrolling interest 25,000 119,813
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 60,710,983 issued at December 2019 and 60,715,356 at December 2018) 0 0
Additional paid-in capital 532,070 519,498
Retained deficit (74,334) (29,048)
Treasury stock (at cost, 427,771 shares at December 2019 and 798,383 shares at December 2018) (4,234) (7,831)
Accumulated other comprehensive loss (218,651) (203,571)
Total Titan stockholders’ equity 234,851 279,048
Noncontrolling interests 4,137 (8,951)
Total equity 238,988 270,097
Total liabilities and equity $ 1,114,307 $ 1,251,256