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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 95,804 $ 117,431
  Accounts receivable, net 265,729 193,014
Inventories 345,339 293,679
Prepaid and other current assets 65,368 54,475
Total current assets 772,240 658,599
Property, plant and equipment, net 310,210 319,854
Operating Lease, Right-of-Use Asset 19,393 24,356
Deferred income taxes 2,780 2,591
Other assets 22,815 26,484
Total assets 1,127,438 1,031,884
Current liabilities    
Short-term debt 34,296 31,119
Accounts payable 239,001 167,210
Other current liabilities 140,316 131,382
Total current liabilities 413,613 329,711
Long-term debt 452,730 433,584
Deferred income taxes 4,278 3,895
Other long-term liabilities 53,640 63,429
Total liabilities 924,261 830,619
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 62,288,637 issued at June 30, 2021 and 61,466,593 at December 31, 2020) 0 0
Additional paid-in capital 534,697 532,742
Retained deficit (124,224) (135,025)
Treasury stock (at cost, 80,876 shares at June 30, 2021 and 89,612 shares at December 31, 2020) (1,121) (1,199)
Accumulated other comprehensive loss (227,802) (217,254)
Total Titan shareholders’ equity 181,550 179,264
Noncontrolling interests (3,373) (2,999)
Total equity 178,177 176,265
Total liabilities and equity $ 1,127,438 $ 1,031,884