XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 116,703 $ 98,108
  Accounts receivable, net 299,070 255,180
Inventories 422,764 392,615
Prepaid and other current assets 90,844 67,401
Total current assets 929,381 813,304
Property, plant and equipment, net 296,832 301,109
Operating Lease, Right-of-Use Asset 11,845 20,945
Deferred income taxes 16,395 16,831
Other long-term assets 34,731 30,496
Total assets 1,289,184 1,182,685
Current liabilities    
Short-term debt 44,059 32,500
Accounts payable 284,802 278,099
Other current liabilities 168,398 140,214
Total current liabilities 497,259 450,813
Long-term debt 441,121 452,451
Deferred income taxes 4,892 3,978
Other long-term liabilities 40,242 48,271
Total liabilities 983,514 955,513
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at June 30, 2022 and 66,492,660 at December 31, 2021) 0 0
Additional paid-in capital 562,774 562,340
Retained earnings (deficit) 5,654 (85,439)
Treasury stock (at cost, 3,750,492 shares at June 30, 2022 and 80,876 shares at December 31, 2021) (23,848) (1,121)
Accumulated other comprehensive loss (245,235) (246,480)
Total Titan shareholders’ equity 299,345 229,300
Noncontrolling interests 6,325 (2,128)
Total equity 305,670 227,172
Total liabilities and equity $ 1,289,184 $ 1,182,685