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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 98,144 $ 98,108
  Accounts receivable, net 309,411 255,180
Inventories 424,200 392,615
Prepaid and other current assets 79,715 67,401
Total current assets 911,470 813,304
Property, plant and equipment, net 298,285 301,109
Operating Lease, Right-of-Use Asset 12,526 20,945
Deferred income taxes 15,888 16,831
Other long-term assets 31,132 30,496
Total assets 1,269,301 1,182,685
Current liabilities    
Short-term debt 37,853 32,500
Accounts payable 302,382 278,099
Other current liabilities 151,660 140,214
Total current liabilities 491,895 450,813
Long-term debt 484,600 452,451
Deferred income taxes 4,124 3,978
Other long-term liabilities 42,962 48,271
Total liabilities 1,023,581 955,513
Redeemable noncontrolling interest 0  
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at March 31, 2022 and 66,492,660 at December 31, 2021) 0 0
Additional paid-in capital 561,849 562,340
Retained deficit (61,517) (85,439)
Treasury stock (at cost, 3,900,695 shares at March 31, 2022 and 80,876 shares at December 31, 2021) (24,782) (1,121)
Accumulated other comprehensive loss (227,176) (246,480)
Total Titan shareholders’ equity 248,374 229,300
Noncontrolling interests (2,654) (2,128)
Total equity 245,720 227,172
Total liabilities and equity $ 1,269,301 $ 1,182,685