Titan International, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-63.5M | $-5.6M | $78.8M | $176.3M | $49.6M | $-60.4M | $-48.4M | $16.1M |
| Depreciation & Amortization | $67.1M | $60.7M | $42.4M | $42.7M | $48.0M | $54.7M | $54.4M | $57.6M |
| Depreciation | $60.1M | $55.7M | $41.0M | $41.5M | $46.4M | $51.3M | $50.9M | $53.9M |
| Amortization | $1.4M | $1.5M | $600.0K | $400.0K | $600.0K | $2.3M | $2.2M | $2.3M |
| Stock-Based Compensation | $3.3M | $5.4M | $5.2M | $4.3M | $3.4M | $2.5M | $1.4M | $1.1M |
| Net Cash from Operating Activities | $30.0M | $141.5M | $179.4M | $160.7M | $10.7M | $57.2M | $45.4M | $-36.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $54.6M | $65.6M | $60.8M | $47.0M | $38.8M | $21.7M | $36.4M | $39.0M |
| Business Acquisitions | $0 | $143.6M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-59.6M | $-201.6M | $-56.9M | $-36.8M | $-37.6M | $33.2M | $-92.6M | $-36.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $0 | $0 | $603.0K | $1.2M | $1.2M |
| Stock Repurchases | — | — | $32.6M | $25.0M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $17.4M | $64.6M | $-56.0M | $-61.3M | $13.9M | $-38.6M | $32.1M | $17.5M |
| Net Change in Cash | $6.9M | $-24.3M | $60.7M | $61.5M | $-19.3M | $50.6M | $-14.9M | $-61.9M |
| Free Cash Flow | $-24.6M | $75.9M | $118.6M | $113.7M | $-28.1M | $35.5M | $9.0M | $-75.2M |