XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 205,381 $ 195,974
Accounts receivable, net of allowance of $5,447 and $3,232, respectively 285,877 211,720
Inventories 465,907 437,192
Prepaid and other current assets 76,792 67,151
Total current assets 1,033,957 912,037
Property, plant and equipment, net 447,244 421,218
Operating lease assets 122,736 117,027
Goodwill 29,563 29,563
Intangible assets, net 11,058 11,985
Deferred income taxes 49,163 41,732
Other long-term assets 56,666 51,391
Total assets 1,750,387 1,584,953
Current liabilities    
Short-term debt 21,555 12,479
Accounts payable 254,882 219,586
Operating leases 13,358 11,999
Other current liabilities 163,647 143,294
Total current liabilities 453,442 387,358
Long-term debt 556,770 552,966
Deferred income taxes 9,454 6,416
Operating leases 113,882 106,020
Other long-term liabilities 42,410 38,537
Total liabilities 1,175,958 1,091,297
Titan shareholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 78,447,035 issued and 63,895,267 outstanding at September 30, 2025; 78,447,035 issued and 63,139,435 outstanding at December 31, 2024) 0 0
Additional paid-in capital 737,335 740,223
Retained earnings 156,607 164,063
Treasury stock (at cost, 14,551,768 shares at September 30, 2025 and 15,307,600 shares at December 31, 2024) (116,318) (122,336)
Accumulated other comprehensive loss (208,559) (285,877)
Total Titan shareholders’ equity 569,065 496,073
Noncontrolling interests 5,364 (2,417)
Total equity 574,429 493,656
Total liabilities and equity $ 1,750,387 $ 1,584,953