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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 60,378 $ 66,799
Accounts receivable, net 211,982 185,238
Inventories 306,071 333,356
Prepaid and other current assets 60,461 58,869
Total current assets 638,892 644,262
Property, plant and equipment, net 344,078 374,798
Operating Lease, Right-of-Use Asset 20,117 23,914
Deferred income taxes 0 2,331
Other assets 57,167 69,002
Total assets 1,060,254 1,114,307
Current liabilities    
Short-term debt 46,275 61,253
Accounts payable 179,933 158,647
Other current liabilities 115,744 107,253
Total current liabilities 341,952 327,153
Long-term debt 444,550 443,349
Deferred income taxes 2,644 6,672
Other long-term liabilities 67,186 73,145
Total liabilities 856,332 850,319
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,787,263 issued at March 31, 2020 and 60,710,983 at December 31, 2019) 0 0
Additional paid-in capital 532,820 532,070
Retained deficit (100,122) (74,334)
Treasury stock (at cost, 425,271 and 427,771 shares, respectively) (4,212) (4,234)
Accumulated other comprehensive loss (249,347) (218,651)
Total Titan shareholders’ equity 179,139 234,851
Noncontrolling interests (217) 4,137
Total equity 178,922 238,988
Total liabilities and equity $ 1,060,254 $ 1,114,307