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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 116,581 $ 98,108
  Accounts receivable, net 282,145 255,180
Inventories 412,967 392,615
Prepaid and other current assets 88,954 67,401
Total current assets 900,647 813,304
Property, plant and equipment, net 287,618 301,109
Operating Lease, Right-of-Use Asset 9,528 20,945
Deferred income taxes 16,416 16,831
Other long-term assets 33,270 30,496
Total assets 1,247,479 1,182,685
Current liabilities    
Short-term debt 32,300 32,500
Accounts payable 256,715 278,099
Other current liabilities 181,937 140,214
Total current liabilities 470,952 450,813
Long-term debt 414,566 452,451
Deferred income taxes 4,242 3,978
Other long-term liabilities 36,732 48,271
Total liabilities 926,492 955,513
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at September 30, 2022 and 66,492,660 at December 31, 2021) 0 0
Additional paid-in capital 564,181 562,340
Retained earnings (deficit) 48,823 (85,439)
Treasury stock (at cost, 3,720,609 shares at September 30, 2022 and 80,876 shares at December 31, 2021) (23,662) (1,121)
Accumulated other comprehensive loss (273,579) (246,480)
Total Titan shareholders’ equity 315,763 229,300
Noncontrolling interests 5,224 (2,128)
Total equity 320,987 227,172
Total liabilities and equity $ 1,247,479 $ 1,182,685