Titan International, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-60.0M | $-37.6M | $-75.2M | $-80.5M | $35.2M | $107.2M | $58.2M | $-5.9M |
| Depreciation & Amortization | $58.4M | $59.8M | $69.6M | $88.7M | $80.6M | $54.1M | $44.9M | $37.6M |
| Depreciation | $54.3M | $55.8M | $64.5M | $82.7M | $75.7M | $51.1M | $43.1M | $43.1M |
| Amortization | $3.0M | $2.2M | $3.0M | $4.4M | $3.0M | $1.1M | $1.1M | $100.0K |
| Stock-Based Compensation | $1.5M | $2.0M | $2.3M | $5.4M | $4.8M | $4.1M | $2.4M | $201.0K |
| Net Cash from Operating Activities | $-1.3M | $43.5M | $63.9M | $117.8M | $116.9M | $130.2M | $4.4M | $50.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $32.6M | $41.9M | $48.4M | $58.4M | $80.1M | $65.7M | $35.7M | $28.9M |
| Business Acquisitions | — | $0 | $94.1M | $94.1M | $94.1M | $-780.0K | $99.1M | $0 |
| Net Cash from Investing Activities | $18.4M | $-89.7M | $-49.9M | $-56.3M | $-193.3M | $-63.9M | $-130.8M | $-28.7M |
| Financing Activities | ||||||||
| Dividends Paid | $1.2M | $1.1M | $1.1M | $1.1M | $1.0M | $845.0K | $809.0K | $707.0K |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-24.1M | $-6.4M | $-726.0K | $-46.3M | $82.7M | $-4.6M | $16.4M | $-11.6M |
| Net Change in Cash | $-4.3M | $-52.4M | $-1.3M | $12.1M | $246.0K | $59.9M | $-110.3M | $10.3M |
| Free Cash Flow | $-33.9M | $1.6M | $15.5M | $59.4M | $36.7M | $64.4M | $-31.3M | $21.9M |