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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 80,160 $ 66,799
Accounts receivable, net 192,410 185,238
Inventories 294,537 333,356
Prepaid and other current assets 74,094 58,869
Total current assets 641,201 644,262
Property, plant and equipment, net 337,646 374,798
Operating Lease, Right-of-Use Asset 21,480 23,914
Deferred income taxes 605 2,331
Other assets 30,362 69,002
Total assets 1,031,294 1,114,307
Current liabilities    
Short-term debt 40,784 61,253
Accounts payable 136,802 158,647
Other current liabilities 120,985 107,253
Total current liabilities 298,571 327,153
Long-term debt 462,240 443,349
Deferred income taxes 2,820 6,672
Other long-term liabilities 66,006 73,145
Total liabilities 829,637 850,319
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 June 30, 2020 and 60,710,983 at December 31, 2019) 0 0
Additional paid-in capital 531,577 532,070
Retained deficit (105,167) (74,334)
Treasury stock (at cost, 184,969 and 427,771 shares, respectively) (2,055) (4,234)
Accumulated other comprehensive loss (248,982) (218,651)
Total Titan shareholders’ equity 175,373 234,851
Noncontrolling interests 1,284 4,137
Total equity 176,657 238,988
Total liabilities and equity $ 1,031,294 $ 1,114,307