TITAN INTERNATIONAL INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
TWI$5.13+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2024 and 2023
(All amounts in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $195,974 | $220,251 |
| Accounts receivable, net of allowance of $3,232 and $5,340 | 211,720 | 219,145 |
| Inventories | 437,192 | 365,156 |
| Prepaid and other current assets | 67,151 | 72,229 |
| Total current assets | 912,037 | 876,781 |
| Property, plant and equipment, net | 421,218 | 321,694 |
| Operating lease assets | 117,027 | 11,955 |
| Goodwill | 29,563 | — |
| Intangible assets, net | 11,985 | 1,431 |
| Deferred income taxes | 41,732 | 38,033 |
| Other long-term assets | 51,391 | 39,351 |
| Total assets | $1,584,953 | $1,289,245 |
| Liabilities | ||
| Current liabilities | ||
| Short-term debt | $12,479 | $16,913 |
| Accounts payable | 219,586 | 201,201 |
| Operating leases | 11,999 | 5,021 |
| Other current liabilities | 143,294 | 139,378 |
| Total current liabilities | 387,358 | 362,513 |
| Long-term debt | 552,966 | 409,178 |
| Deferred income taxes | 6,416 | 2,234 |
| Operating leases | 106,020 | 6,153 |
| Other long-term liabilities | 38,537 | 41,752 |
| Total liabilities | 1,091,297 | 821,830 |
| Equity | ||
| Titan stockholders' equity | ||
| Common stock ($0.0001 par, 120,000,000 shares authorized, 78,447,035 issued and 63,139,435 outstanding at December 31, 2024; 66,525,269 issued and 60,715,855 outstanding at December 31, 2023) | — | — |
| Additional paid-in capital | 740,223 | 569,065 |
| Retained earnings | 164,063 | 169,623 |
| Treasury stock (at cost, 15,307,600 shares at December 31, 2024 and 5,809,414 shares at December 31, 2023) | (122,336) | (52,585) |
| Accumulated other comprehensive loss | (285,877) | (219,043) |
| Total Titan stockholders’ equity | 496,073 | 467,060 |
| Noncontrolling interests | (2,417) | 355 |
| Total equity | 493,656 | 467,415 |
| Total liabilities and equity | $1,584,953 | $1,289,245 |
F- 9
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