$TWI
TITAN INTERNATIONAL INC

2012 Q4 Form 10-Q Financial Statement

#000089975112000076 Filed on October 24, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $494.4M $497.5M $398.8M
YoY Change 22.71% 24.75% 78.98%
Cost Of Revenue $442.1M $337.6M $345.8M
YoY Change 28.37% -2.39% 77.43%
Gross Profit $49.28M $62.51M $52.99M
YoY Change -15.78% 17.95% 89.63%
Gross Profit Margin 9.97% 12.56% 13.29%
Selling, General & Admin $46.40M $25.50M $8.548M
YoY Change 30.7% 198.28% -28.77%
% of Gross Profit 94.16% 40.79% 16.13%
Research & Development $2.700M $1.759M $796.0K
YoY Change 125.0% 120.98% -27.64%
% of Gross Profit 5.48% 2.81% 1.5%
Depreciation & Amortization $18.20M $12.30M $11.70M
YoY Change 50.41% 5.13% 30.0%
% of Gross Profit 36.93% 19.68% 22.08%
Operating Expenses $52.70M $27.26M $9.344M
YoY Change 35.13% 191.7% -39.32%
Operating Profit -$3.422M $36.17M $41.39M
YoY Change -117.54% -12.62% 229.88%
Interest Expense $18.00M $6.187M $6.616M
YoY Change -600.0% -6.48% -218.14%
% of Operating Profit 17.11% 15.99%
Other Income/Expense, Net $900.0K $2.439M -$556.0K
YoY Change 50.0% -538.67% 85.33%
Pretax Income $29.00M $32.42M $34.22M
YoY Change 75.76% -5.25% 418.41%
Income Tax $21.90M $13.59M $12.69M
% Of Pretax Income 75.52% 41.92% 37.09%
Net Earnings -$15.58M $8.093M $21.16M
YoY Change -207.74% -61.76% 427.1%
Net Earnings / Revenue -3.15% 1.63% 5.31%
Basic Earnings Per Share -$0.29 $0.15 $0.50
Diluted Earnings Per Share -$0.29 $0.15 $0.42
COMMON SHARES
Basic Shares Outstanding 47.74M shares 42.18M shares 42.03M shares
Diluted Shares Outstanding 53.33M shares 53.06M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.1M $134.9M $122.4M
YoY Change 46.36% 10.21% -23.16%
Cash & Equivalents $189.1M $134.9M $94.27M
Short-Term Investments $28.10M
Other Short-Term Assets $10.73M $78.00M $48.00M
YoY Change 114.28% 62.5% 100.84%
Inventory $366.4M $247.8M $183.2M
Prepaid Expenses $26.62M
Receivables $297.8M $228.4M $213.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $996.1M $689.0M $567.4M
YoY Change 76.43% 21.43% 30.95%
LONG-TERM ASSETS
Property, Plant & Equipment $568.3M $336.8M $333.6M
YoY Change 69.79% 0.95% 34.14%
Goodwill $24.94M $42.90M $10.29M
YoY Change -40.72% 316.82%
Intangibles $21.21M
YoY Change 3229.36%
Long-Term Investments $0.00 $0.00 $28.00M
YoY Change -100.0%
Other Assets $112.4M $132.4M $63.50M
YoY Change 23.42% 108.43% 38.95%
Total Long-Term Assets $714.1M $469.1M $443.8M
YoY Change 60.23% 5.71% 50.75%
TOTAL ASSETS
Total Short-Term Assets $996.1M $689.0M $567.4M
Total Long-Term Assets $714.1M $469.1M $443.8M
Total Assets $1.710B $1.158B $1.011B
YoY Change 69.28% 14.53% 38.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.1M $106.7M $98.90M
YoY Change 135.15% 7.86% 109.98%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $145.8M $7.517M $0.00
YoY Change 1143.72%
Long-Term Debt Due $145.8M $2.587M $8.200M
YoY Change 1143.72% -68.45%
Total Short-Term Liabilities $467.1M $195.5M $195.7M
YoY Change 165.74% -0.11% 115.05%
LONG-TERM LIABILITIES
Long-Term Debt $441.4M $313.9M $317.9M
YoY Change 38.87% -1.26% 1.76%
Other Long-Term Liabilities $107.1M $73.50M $68.20M
YoY Change 32.1% 7.77% 77.6%
Total Long-Term Liabilities $548.5M $387.4M $386.1M
YoY Change 37.49% 0.34% 10.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $467.1M $195.5M $195.7M
Total Long-Term Liabilities $548.5M $387.4M $386.1M
Total Liabilities $1.078B $635.9M $621.1M
YoY Change 75.72% 2.38% 40.55%
SHAREHOLDERS EQUITY
Retained Earnings $173.4M $165.5M
YoY Change 158.61%
Common Stock $507.2M $384.0M
YoY Change 33.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.45M $16.52M
YoY Change -5.15%
Treasury Stock Shares 1.788M shares 1.796M shares
Shareholders Equity $606.6M $494.9M $390.1M
YoY Change
Total Liabilities & Shareholders Equity $1.710B $1.158B $1.011B
YoY Change 69.28% 14.53% 38.96%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$15.58M $8.093M $21.16M
YoY Change -207.74% -61.76% 427.1%
Depreciation, Depletion And Amortization $18.20M $12.30M $11.70M
YoY Change 50.41% 5.13% 30.0%
Cash From Operating Activities $45.10M $85.09M $18.90M
YoY Change 180.12% 350.2% 12.5%
INVESTING ACTIVITIES
Capital Expenditures -$29.40M $36.32M -$7.700M
YoY Change 65.17% -571.68% -8.33%
Acquisitions
YoY Change
Other Investing Activities $33.90M -$636.0K -$29.50M
YoY Change 5.61% -97.84% -29600.0%
Cash From Investing Activities $4.500M -$68.44M -$37.20M
YoY Change -68.53% 83.99% 348.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.000M -$9.580M -900.0K
YoY Change 21.95% 964.44% -88.16%
NET CHANGE
Cash From Operating Activities 45.10M $85.09M 18.90M
Cash From Investing Activities 4.500M -$68.44M -37.20M
Cash From Financing Activities 5.000M -$9.580M -900.0K
Net Change In Cash 54.60M $7.065M -19.20M
YoY Change 58.26% -136.8% -2233.33%
FREE CASH FLOW
Cash From Operating Activities $45.10M $85.09M $18.90M
Capital Expenditures -$29.40M $36.32M -$7.700M
Free Cash Flow $74.50M $48.77M $26.60M
YoY Change 119.76% 83.34% 5.56%

Facts In Submission

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CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32418000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
163270000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
79390000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
34215000 USD
CY2012Q3 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2011Q3 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
us-gaap Gross Profit
GrossProfit
242610000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
67161000 USD
us-gaap Gross Profit
GrossProfit
173600000 USD
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
26134000 USD
CY2010Q4 us-gaap Goodwill
Goodwill
0 USD
CY2012Q3 us-gaap Goodwill
Goodwill
25384000 USD
CY2011Q3 us-gaap Goodwill
Goodwill
18748000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
21388000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-2640000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1195000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-16000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
9000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
47366000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
10224000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
4378000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13589000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12690000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64722000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35345000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
63669000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
17093000 USD
CY2011Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
6519000 USD
CY2012Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
16725000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
69540000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25893000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
132294000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24099000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
36921000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10937000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-7412000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3699000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2870000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17619000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9456000 USD
CY2011Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10795000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10909000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
11171000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10909000 shares
us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
16135000 USD
CY2012Q3 us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
0 USD
CY2011Q3 us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
0 USD
us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
0 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
757000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
357000 USD
CY2012Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
372000 USD
CY2011Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
119000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1700000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
6616000 USD
us-gaap Interest Expense
InterestExpense
19045000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
6187000 USD
us-gaap Interest Expense
InterestExpense
18699000 USD
us-gaap Interest Paid
InterestPaid
15306000 USD
us-gaap Interest Paid
InterestPaid
25735000 USD
CY2011Q3 us-gaap Interest Paid
InterestPaid
12292000 USD
CY2012Q3 us-gaap Interest Paid
InterestPaid
3450000 USD
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
75137000 USD
CY2012Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
110243000 USD
CY2011Q4 us-gaap Inventory Gross
InventoryGross
203535000 USD
CY2012Q3 us-gaap Inventory Gross
InventoryGross
258218000 USD
CY2011Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
12663000 USD
CY2012Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
10440000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
190872000 USD
CY2012Q3 us-gaap Inventory Net
InventoryNet
247778000 USD
CY2011Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
97257000 USD
CY2012Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
104068000 USD
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
31141000 USD
CY2012Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
43907000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
635882000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
613407000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1158130000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1010286000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
175766000 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
195485000 USD
CY2011Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
119760000 USD
CY2012Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
126500000 USD
CY2012Q3 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
0 USD
us-gaap Line Of Credit Facility Increase Additional Borrowings
LineOfCreditFacilityIncreaseAdditionalBorrowings
0 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
329604000 USD
CY2012Q3 us-gaap Long Term Debt
LongTermDebt
321414000 USD
CY2012Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2587000 USD
CY2012Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
312886000 USD
CY2012Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
58000 USD
CY2012Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
178000 USD
CY2012Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
319000 USD
CY2012Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5386000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
317881000 USD
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
313897000 USD
CY2012Q3 us-gaap Minority Interest
MinorityInterest
27391000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1640000 USD
us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
-84000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12334000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9580000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9580000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-145078000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68443000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68443000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11683000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85088000 USD
CY2012Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85088000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
21163000 USD
us-gaap Net Income Loss
NetIncomeLoss
99054000 USD
us-gaap Net Income Loss
NetIncomeLoss
43691000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
19579000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-506000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-750000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
362000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
22254000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
20722000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
102483000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
47076000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
26341000 USD
CY2012Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
26300000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1907000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6163000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2439000 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-556000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
36166000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
175806000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
41387000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
112663000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1255000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
204000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
15000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
96000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
419000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
521000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
132356000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
110951000 USD
us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
102000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11433000 USD
us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
102000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
34000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-353000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
34000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
208000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
6166000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12861000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1247000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2508000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-16000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9929000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5816000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-836000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-594000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1779000 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
87469000 USD
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
81298000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
73499000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
81069000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
683000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
474000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-378000 USD
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-461000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1941000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-636000 USD
CY2012Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-636000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
598000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
634000 USD
CY2012Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
634000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
32760000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
99118000 USD
CY2012Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
32760000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
30000000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36319000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17901000 USD
CY2012Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36319000 USD
us-gaap Pension Expense
PensionExpense
411000 USD
us-gaap Pension Expense
PensionExpense
453000 USD
CY2011Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.30
CY2012Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.23
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45256000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28249000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
17659000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
14148000 USD
CY2012Q3 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
4378000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
925000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
477000 USD
CY2012Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
925000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
727739000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
701695000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
334742000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
336769000 USD
CY2011Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15544000 USD
CY2012Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22413000 USD
CY2010Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12471000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
18282000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
14979000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
23036000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
18052000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
21525000 USD
us-gaap Profit Loss
ProfitLoss
98548000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
18829000 USD
us-gaap Profit Loss
ProfitLoss
44045000 USD
CY2011Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
CY2012Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
200000 USD
CY2011Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
500000 USD
CY2012Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
191000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25497000 USD
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
0 USD
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
554000 USD
CY2011Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
0 USD
CY2012Q3 us-gaap Senior Notes
SeniorNotes
200000000 USD
CY2012Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
600000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2959000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1748000 USD
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
11723000 USD
CY2012Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
7517000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
14434000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
629000 USD
CY2012Q3 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
14434000 USD
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
796000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2993000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4456000 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1759000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
67053000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
165473000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1700000 USD
CY2012Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
600000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2400000 USD
CY2011Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
500000 USD
us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sales and revenues are presented net of sales taxes and other related taxes.</font></div></div>
CY2011Q3 us-gaap Royalty Expense
RoyaltyExpense
2263000 USD
us-gaap Royalty Expense
RoyaltyExpense
7530000 USD
us-gaap Royalty Expense
RoyaltyExpense
8740000 USD
CY2012Q3 us-gaap Royalty Expense
RoyaltyExpense
3739000 USD
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
404719000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1327040000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1084081000 USD
CY2011Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
398805000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000899751
CY2012Q4 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
5574160 shares
CY2012Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
107581000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
925000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
453000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
395239000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
494857000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
522248000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
396879000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
79742000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
50414000 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8548000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1887316 shares
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1796015 shares
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
16519000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
17338000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1111000 USD
CY2012Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
492000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1287000 USD
CY2011Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1255000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6400000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
800000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2300000 USD
CY2011Q3 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1800000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4300000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The policies utilized by the Company in the preparation of the financial statements conform to accounting principles generally accepted in the United States of America and require management to make estimates, assumptions and judgments that affect the reported amount of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;Actual amounts could differ from these estimates and assumptions.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52970000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53315000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53326000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53061000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41512000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42180000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42028000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42148000 shares
CY2011Q3 twi Amortization Of Prepaid Royalty Discount
AmortizationOfPrepaidRoyaltyDiscount
1041000 USD
twi Amortization Of Prepaid Royalty Discount
AmortizationOfPrepaidRoyaltyDiscount
2120000 USD
CY2012Q3 twi Amortization Of Prepaid Royalty Discount
AmortizationOfPrepaidRoyaltyDiscount
910000 USD
twi Amortization Of Prepaid Royalty Discount
AmortizationOfPrepaidRoyaltyDiscount
2882000 USD
twi Amortization Of Unrecognized Deferred Taxes
AmortizationOfUnrecognizedDeferredTaxes
0 USD
CY2012Q3 twi Amortization Of Unrecognized Deferred Taxes
AmortizationOfUnrecognizedDeferredTaxes
0 USD
twi Amortization Of Unrecognized Deferred Taxes
AmortizationOfUnrecognizedDeferredTaxes
-42000 USD
CY2011Q3 twi Amortization Of Unrecognized Deferred Taxes
AmortizationOfUnrecognizedDeferredTaxes
-14000 USD
CY2012Q3 twi Business Acquisition Exchanged Shares Of Acquirees Ordinary Stock
BusinessAcquisitionExchangedSharesOfAcquireesOrdinaryStock
11 shares
CY2012Q4 twi Business Acquisition Percentage Of Acceptances Of Share Offer
BusinessAcquisitionPercentageOfAcceptancesOfShareOffer
0.8724
CY2012Q3 twi Business Acquisition Shares Newly Issues To Acquiree Shareholders
BusinessAcquisitionSharesNewlyIssuesToAcquireeShareholders
1 shares
twi Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Unrecognized Deferred Tax Liability Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansUnrecognizedDeferredTaxLiabilityTax
1473000 USD
twi Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Unrecognized Deferred Tax Liability Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansUnrecognizedDeferredTaxLiabilityTax
1090000 USD
CY2011Q3 twi Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Unrecognized Deferred Tax Liability Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansUnrecognizedDeferredTaxLiabilityTax
363000 USD
CY2012Q3 twi Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Unrecognized Deferred Tax Liability Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansUnrecognizedDeferredTaxLiabilityTax
491000 USD
CY2011Q4 twi Prepaid Expense Deffered Income Taxes And Other Assets Current
PrepaidExpenseDefferedIncomeTaxesAndOtherAssetsCurrent
55024000 USD
CY2012Q3 twi Prepaid Expense Deffered Income Taxes And Other Assets Current
PrepaidExpenseDefferedIncomeTaxesAndOtherAssetsCurrent
77962000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47741083 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
TITAN INTERNATIONAL INC

Files In Submission

Name View Source Status
0000899751-12-000076-index-headers.html Edgar Link pending
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0000899751-12-000076.txt Edgar Link pending
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