TITAN INTERNATIONAL, INC. (TWI)

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=jivedata("TWI","financials")

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TITAN INTERNATIONAL, INC.

TWI • CIK 0000899751

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$1,821,800	$1,845,937	$1,828,443	$1,866,744
Cost of Goods and Services Sold	$1,515,951	$1,588,135	$1,574,983	$1,604,828
Gross Profit	$305,849	$257,802	$253,460	$261,916
Selling, General and Administrative Expense	$134,938	$191,794	$203,271	$206,183
Business Combination, Acquisition Related Costs	—	$6,196	$0	$0
Research and Development Expense	$12,539	$16,520	$18,321	$20,121
Royalty Expense	$9,645	$10,108	$11,106	$11,304
Operating Income (Loss)	$148,727	$33,184	$20,762	$-1,668
InterestExpenseNonoperating	—	$36,429	$38,708	$39,434
Investment Income, Interest	—	$11,024	$10,703	$10,671
Foreign Currency Transaction Gain (Loss), before Tax	$-22,822	$-6,123	$-5,020	$328
Other Nonoperating Income (Expense)	$430	$6,615	$965	$185
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	—	$8,271	$-11,298	$-29,918
Income Tax Expense (Benefit)	$26,042	$11,861	$49,891	$45,599
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$83,706	$-3,590	$-61,189	$-75,517
Net Income (Loss) Attributable to Noncontrolling Interest	$4,946	$1,970	$2,305	$1,233
Net Income (Loss) Attributable to Parent	$78,760	$-5,560	$-63,494	$-76,750
Weighted Average Number of Shares Outstanding, Basic	62,452,000	68,662,000	63,714,000	64,439,000
Weighted Average Number of Shares Outstanding, Diluted	62,961,000	68,662,000	63,714,000	64,439,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	509,000	500,000	200,000	0
Weighted Average Number Diluted Shares Outstanding Adjustment	—	0	0	0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	—	$195,974	$202,879	$179,785
Accounts Receivable, after Allowance for Credit Loss, Current	$219,145	$211,720	$238,906	$317,216
Property, Plant and Equipment, Net	$321,694	$421,218	$448,910	$439,201
Inventory, Net	$365,156	$437,192	$470,549	$479,993
Operating Lease, Right-of-Use Asset	$11,955	$117,027	$119,225	$99,226
Prepaid Expense and Other Assets, Current	$72,229	$67,151	$73,638	$76,429
Goodwill	—	$29,563	$29,563	$29,563
Assets, Current	$876,781	$912,037	$985,972	$1,053,423
Intangible Assets, Net (Excluding Goodwill)	—	$11,985	$10,889	$10,259
Deferred Income Tax Assets, Net	$38,033	$41,732	$10,715	$15,323
Investments and Other Noncurrent Assets	$40,782	$51,391	$67,386	$75,180
Assets	$1,289,245	$1,584,953	$1,672,660	$1,722,175
Long-term Debt and Lease Obligation	$409,178	$552,966	$564,717	$558,850
Deferred Income Tax Liabilities, Net	$2,234	$6,416	$6,138	$6,843
Operating Lease, Liability, Noncurrent	$6,153	$106,020	$111,054	$105,878
Other Liabilities, Noncurrent	$38,043	$38,537	$40,890	$42,208
Liabilities	$821,830	$1,091,297	$1,151,043	$1,212,254
Long-term Debt and Lease Obligation, Current	$16,913	$12,479	$21,185	$34,401
Accounts Payable, Current	$201,201	$219,586	$251,715	$294,270
Operating Lease, Liability, Current	$5,021	$11,999	$13,830	$14,665
Other Liabilities, Current	$154,261	$143,294	$141,514	$155,139
Liabilities, Current	$372,375	$387,358	$428,244	$498,475
Stockholders' Equity Attributable to Noncontrolling Interest	$355	$-2,417	$7,237	$8,656
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$467,415	$493,656	$521,617	$509,921
Common Stock, Value, Issued	$0	$0	$0	$0
Additional Paid in Capital, Common Stock	$569,065	$740,223	$738,711	$737,085
Retained Earnings (Accumulated Deficit)	$169,623	$164,063	$100,569	$82,119
Treasury Stock, Value	$52,585	$122,336	$115,871	$111,621
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-219,043	$-285,877	$-209,029	$-206,318
Stockholders' Equity Attributable to Parent	$467,060	$496,073	$514,380	$501,265
Accounts Receivable, Allowance for Credit Loss	—	$3,232	$5,058	$5,261
Common Stock, Shares Authorized	120,000,000	120,000,000	120,000,000	120,000,000
Common Stock, Shares, Issued	66,525,269	78,447,035	78,447,035	78,447,035
Common Stock, Shares, Outstanding	—	63,139,435	63,951,494	64,485,180
Treasury Stock, Common, Shares	5,809,414	15,307,600	14,495,541	13,961,855
Operating Lease, Liability	$11,174	$118,019	$124,884	$120,543
Finance Lease, Right-of-Use Asset, before Accumulated Amortization	$5,175	$6,801	$8,024	$8,024
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$3,489	$4,442	$4,611	$4,611
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$1,686	$2,359	$3,413	$2,818
Finance Lease, Liability, Current	$1,093	$986	$1,511	$1,358
Finance Lease, Liability, Noncurrent	$1,321	$1,483	$2,038	$1,532
Finance Lease, Liability	$2,414	$2,469	$3,549	$2,890

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-5,737	$-28,717	$19,077	$692
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$60,674	$-24,277	$6,905	$-4,884
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$220,251	$195,974	$202,879	$199,711
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$83,706	$-3,590	$-61,189	$-75,517
Net Cash Provided by (Used in) Operating Activities	$179,350	$141,487	$30,029	$46,930
Payments to Acquire Property, Plant, and Equipment	$60,799	$65,624	$54,620	$55,504
Payments to Acquire Businesses, Net of Cash Acquired	—	$143,643	$0	$0
Proceeds from Sale of Other Investments	—	$1,791	$0	$0
Proceeds from Insurance Settlement, Investing Activities	—	$3,537	$0	$0
Payments for Advance to Affiliate	—	—	$5,675	$5,675
Payments for (Proceeds from) Other Investing Activities	$-1,791	$-2,341	$-649	$-649
Net Cash Provided by (Used in) Investing Activities	$-56,923	$-201,598	$-59,646	$-59,800
Proceeds from Issuance of Long-term Debt	$6,666	$213,199	$116,955	$138,626
Repayments of Other Debt	$27,608	$70,291	$99,516	$131,219
Payments of Debt Issuance Costs	—	$3,115	$0	$0
Payments for Repurchase of Common Stock	$32,579	—	—	—
Proceeds from (Payments for) Other Financing Activities	$-2,495	$-1,223	$6	$-113
Net Cash Provided by (Used in) Financing Activities	$-56,016	$64,551	$17,445	$7,294
Interest Paid, Excluding Capitalized Interest, Operating Activities	$30,269	$37,179	$42,068	$41,556
Income Taxes Paid, Net	$21,801	$20,360	$20,486	$20,486
Stock Issued	—	$168,693	$0	$0
Depreciation, Depletion and Amortization	$42,434	$60,704	$67,111	$68,910
Deferred Income Tax Expense (Benefit)	$-2,081	$-6,358	$30,989	$24,830
Income Tax Credits and Adjustments	$-3,096	$0	$0	$0
Unrealized Gain (Loss) on Investments	$644	$425	$54	$47
Share-based Payment Arrangement, Noncash Expense	$5,235	$5,404	$3,277	$4,584
Pension Cost (Reversal of Cost)	$1,776	$1,326	$1,678	$1,689
Other Noncash Income (Expense)	$-19,734	$506	$-9,979	$223
Increase (Decrease) in Accounts Receivable	$-42,871	$-73,825	$3,975	$20,409
Increase (Decrease) in Inventories	$-31,635	$-51,481	$7,121	$3,508
Increase (Decrease) in Prepaid Expense and Other Assets	$-17,596	$-12,106	$1,400	$633
Increase (Decrease) in Other Operating Assets	$2	$5,482	$13,904	$17,993
Increase (Decrease) in Accounts Payable	$-62,725	$-29,169	$11,303	$24,845
Increase (Decrease) in Other Current Liabilities	$872	$-15,290	$-9,389	$10,641
Increase (Decrease) in Other Noncurrent Liabilities	$2,039	$998	$2,724	$3,785

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Import this data to Google Sheets with:

=jivedata("TWI","financials")

Full statements spill as a table. For one cell: =jivedata("TWI","Revenue") or =jivedata("TWI","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.