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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 95,954 $ 117,431
  Accounts receivable, net 249,904 193,014
Inventories 313,472 293,679
Prepaid and other current assets 56,235 54,475
Total current assets 715,565 658,599
Property, plant and equipment, net 307,620 319,854
Operating Lease, Right-of-Use Asset 20,690 24,356
Deferred income taxes 2,186 2,591
Other assets 25,387 26,484
Total assets 1,071,448 1,031,884
Current liabilities    
Short-term debt 31,076 31,119
Accounts payable 221,613 167,210
Other current liabilities 129,557 131,382
Total current liabilities 382,246 329,711
Long-term debt 440,576 433,584
Deferred income taxes 3,194 3,895
Other long-term liabilities 56,300 63,429
Total liabilities 882,316 830,619
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 61,674,165 issued at March 31, 2021 and 61,466,593 at December 31, 2020) 0 0
Additional paid-in capital 533,569 532,742
Retained deficit (121,451) (135,025)
Treasury stock (at cost, 80,446 shares at March 31, 2021 and 89,612 shares at December 31, 2020) (1,117) (1,199)
Accumulated other comprehensive loss (243,006) (217,254)
Total Titan shareholders’ equity 167,995 179,264
Noncontrolling interests (3,863) (2,999)
Total equity 164,132 176,265
Total liabilities and equity $ 1,071,448 $ 1,031,884