Titan International, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.27B | $1.39B | $1.90B | $2.16B | $1.82B | $1.49B | $881.6M |
| Cost of Revenue | $1.30B | $1.12B | $1.26B | $1.75B | $1.87B | $1.53B | $1.25B | $777.5M |
| Gross Profit | $160.3M | $141.4M | $134.7M | $140.6M | $295.2M | $294.1M | $232.1M | $104.1M |
| Gross Margin | 10.9% | 11.2% | 9.7% | 7.4% | 13.6% | 16.2% | 15.6% | 11.8% |
| Operating Expenses | ||||||||
| Research & Development | $10.3M | $10.0M | $11.2M | $14.0M | $11.2M | $7.1M | $4.2M | $6.3M |
| SG&A Expense | $150.7M | $145.0M | $140.4M | $173.6M | $167.4M | $126.2M | $85.9M | $57.6M |
| Operating Income | $-11.2M | $-22.4M | $-27.3M | $-97.6M | $102.4M | $174.7M | $132.2M | $30.9M |
| Operating Margin | -0.8% | -1.8% | -2.0% | -5.2% | 4.7% | 9.6% | 8.9% | 3.5% |
| Interest Expense | $30.2M | $32.5M | $34.0M | $36.6M | $47.1M | $27.7M | $25.3M | $26.7M |
| Pretax Income | $-52.9M | $-36.5M | $-55.1M | $-152.2M | $54.7M | $192.3M | $95.9M | $-9.2M |
| Income Tax Expense | $11.2M | $3.3M | $34.8M | $-21.8M | $25.0M | $86.6M | $37.8M | $-3.3M |
| Net Income | $-60.0M | $-37.6M | $-75.2M | $-80.5M | $35.2M | $107.2M | $58.2M | $-5.9M |
| Net Margin | -4.1% | -3.0% | -5.4% | -4.2% | 1.6% | 5.9% | 3.9% | -0.7% |
| EPS (Basic) | $-1.12 | $-0.87 | $-1.73 | $-2.43 | $0.66 | $2.47 | $1.40 | $-0.17 |
| EPS (Diluted) | $-1.12 | $-0.87 | $-1.73 | $-2.43 | $0.64 | $2.05 | $1.18 | $-0.17 |
| Shares Outstanding (Basic) | 59.3M | 53.9M | 53.7M | 53.5M | 53.0M | 43.4M | 41.7M | 34.9M |
| Shares Outstanding (Diluted) | 59.3M | 53.9M | 53.7M | 53.5M | 59.5M | 54.7M | 53.1M | 34.9M |
| Dividends Per Share | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |