Titan International, Inc. (TWI)

Titan International Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	227.29	220.25	159.58	98.11	117.43	66.8
Short-Term Investments	-	1.34	1.39	1.3	0.65	0.58
Cash & Short-Term Investments	227.29	221.59	160.97	99.4	118.08	67.38
Cash Growth	7.26%	37.66%	61.93%	-15.82%	75.26%	-21.58%
Accounts Receivable	272.84	220.36	267.34	256.41	193.54	187.99
Other Receivables	-	15.26	38.6	23.25	11.12	1.55
Receivables	272.84	235.61	305.94	279.65	204.67	189.54
Inventory	453.63	365.16	397.22	392.62	293.68	333.36
Prepaid Expenses	71.98	22.93	21.66	16.04	15.74	14.15
Other Current Assets	-	31.5	23.84	25.59	26.43	47.05
Total Current Assets	1,026	876.78	909.63	813.3	658.6	651.47
Property, Plant & Equipment	560.63	333.65	305.54	322.05	344.21	391.51
Long-Term Investments	-	7.13	6.95	6.52	5.6	38.96
Goodwill	35.81	-	-	-	-	-
Other Intangible Assets	13.04	1.39	1.61	1.5	1.98	9.77
Long-Term Deferred Tax Assets	8.11	38.03	38.74	16.83	2.59	2.33
Long-Term Deferred Charges	-	0.2	0.26	0.33	0.14	0.26
Other Long-Term Assets	43.41	32.07	21.91	22.14	18.77	18.02
Total Assets	1,687	1,289	1,285	1,183	1,032	1,114
Accounts Payable	234.3	201.2	263.38	278.1	167.21	158.65
Accrued Expenses	109.92	87.15	87.86	75.12	66.65	52.4
Current Portion of Long-Term Debt	15.03	16.91	30.86	32.5	31.12	61.25
Current Portion of Leases	14.26	6.11	3.85	6.18	7.53	6.73
Current Income Taxes Payable	14.2	13.76	18.55	9.27	10.07	4.91
Current Unearned Revenue	3.87	4.51	1.89	4.38	4.8	1.22
Other Current Liabilities	39.73	42.73	39.78	45.26	42.33	41.99
Total Current Liabilities	431.3	372.38	446.16	450.81	329.71	327.15
Long-Term Debt	503.43	409.18	414.76	452.45	433.58	438.47
Long-Term Leases	110.62	7.47	2.41	11.35	17.14	17.36
Long-Term Unearned Revenue	-	12.38	11.8	9.02	10.28	8.23
Long-Term Deferred Tax Liabilities	2.52	2.23	3.43	3.98	3.9	6.67
Other Long-Term Liabilities	40.8	5.39	9.06	8.78	10.61	21.36
Total Liabilities	1,089	821.83	901.49	955.51	830.62	850.32
Additional Paid-In Capital	738.42	569.07	565.55	562.34	532.74	532.07
Retained Earnings	162.72	169.62	90.86	-85.44	-135.03	-74.33
Treasury Stock	-64.42	-52.59	-23.42	-1.12	-1.2	-4.23
Comprehensive Income & Other	-238.95	-219.04	-251.76	-246.48	-217.25	-218.65
Total Common Equity	597.77	467.06	381.24	229.3	179.26	234.85
Minority Interest	0.29	0.36	1.9	-2.13	22	29.14
Shareholders' Equity	598.05	467.42	383.14	227.17	201.27	263.99
Total Liabilities & Equity	1,687	1,289	1,285	1,183	1,032	1,114
Total Debt	643.33	439.68	451.88	502.48	489.37	523.81
Net Cash (Debt)	-416.03	-218.09	-290.91	-403.08	-371.29	-456.43
Net Cash Per Share	-6.14	-3.46	-4.57	-6.43	-6.10	-7.59
Filing Date Shares Outstanding	63.14	60.65	62.87	62.42	61.46	60.36
Total Common Shares Outstanding	71.18	60.72	62.84	66.41	61.38	60.28
Working Capital	594.44	504.41	463.47	362.49	328.89	324.31
Book Value Per Share	8.40	7.69	6.07	3.45	2.92	3.90
Tangible Book Value	548.92	465.67	379.63	227.8	177.29	225.09
Tangible Book Value Per Share	7.71	7.67	6.04	3.43	2.89	3.73
Land	45.57	42.14	40.33	41.01	43.94	44.39
Buildings	267.85	243.24	237.51	236.37	245.62	249.17
Machinery	834.14	745.3	701.85	689.99	695.04	718.81
Construction In Progress	54.51	29.74	29.29	20.29	11.28	16.24

Source: S&P Capital IQ. Standard template. Financial Sources.