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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 94,640 $ 117,431
  Accounts receivable, net 261,447 193,014
Inventories 373,012 293,679
Prepaid and other current assets 67,144 54,475
Total current assets 796,243 658,599
Property, plant and equipment, net 302,590 319,854
Operating Lease, Right-of-Use Asset 20,709 24,356
Deferred income taxes 2,502 2,591
Other assets 22,215 26,484
Total assets 1,144,259 1,031,884
Current liabilities    
Short-term debt 30,867 31,119
Accounts payable 253,819 167,210
Other current liabilities 152,226 131,382
Total current liabilities 436,912 329,711
Long-term debt 450,999 433,584
Deferred income taxes 3,142 3,895
Other long-term liabilities 53,612 63,429
Total liabilities 944,665 830,619
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 62,427,660 issued at September 30, 2021 and 61,466,593 at December 31, 2020) 0 0
Additional paid-in capital 535,702 532,742
Retained deficit (113,037) (135,025)
Treasury stock (at cost, 80,876 shares at September 30, 2021 and 89,612 shares at December 31, 2020) (1,121) (1,199)
Accumulated other comprehensive loss (243,628) (217,254)
Total Titan shareholders’ equity 177,916 179,264
Noncontrolling interests (3,322) (2,999)
Total equity 174,594 176,265
Total liabilities and equity $ 1,144,259 $ 1,031,884