Titan Machinery Inc. (TITN) financial statements (2020 and earlier)

Company profile

Business Address 644 EAST BEATON DRIVE
WEST FARGO, ND 58078
State of Incorp. DE
Fiscal Year End January 31
SIC 599 - Retail Stores, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5753538912874
Cash and cash equivalents 5753538912874
Receivables 786160577698
Inventory, net of allowances, customer advances and progress billings 4914724786898791,076
Inventory 4914724786898791,076
Disposal group, including discontinued operation     15 
Income taxes receivable1
Other undisclosed current assets 161316233038
Total current assets: 6415996088581,1281,287
Noncurrent Assets
Inventory, Noncurrent      5
Property, plant and equipment    183209228
Intangible assets, net (including goodwill)   (31)(26)537
Goodwill   (31)(31) 25
Intangible assets, net (excluding goodwill)    5512
Other noncurrent assets 152161164178
Other undisclosed noncurrent assets   3131  
Total noncurrent assets: 152161164190221277
TOTAL ASSETS: 7927607711,0481,3501,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 524748467681
Accounts payable 171517171824
Accrued liabilities 353231293537
Employee-related liabilities     1720
Taxes payable    040
Interest and dividends payable     2 
Debt 321282
Derivative instruments and hedges, liabilities     31
Disposal group, including discontinued operation     3 
Deferred revenue and credits   31
Customer advances and deposits32263135
Other undisclosed current liabilities 365247233445601790
Total current liabilities: 420328309523730875
Noncurrent Liabilities
Long-term debt and lease obligation 2697127173199224
Long-term debt, excluding current maturities 2697127173199224
Liabilities, other than long-term debt 111315144254
Deferred tax liabilities, net5210113947
Other liabilities 6105237
Total noncurrent liabilities: 37110141186242278
Total liabilities: 4574384507109711,153
Stockholders' equity
Stockholders' equity attributable to parent 335322321338376409
Additional paid in capital 248247241242240239
Accumulated other comprehensive income (loss) (2)(2)(5)(4)(1)0
Retained earnings 897785100137170
Stockholders' equity attributable to noncontrolling interest    123
Total stockholders' equity: 335322321338378411
TOTAL LIABILITIES AND EQUITY: 7927607711,0481,3501,565

Income statement (P&L) ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues 1,2621,2031,2131,3681,9002,226
Cost of revenue (1,030)(988)(999)(1,162)(1,592)(1,878)
Gross profit: 232215214206308348
Operating expenses (202)(203)(211)(221)(273)(291)
Other undisclosed operating loss (3)(11)(5)(9)(34)(10)
Operating income (loss): 271(2)(23)147
Nonoperating income (expense) 322(0)(10) 
Foreign currency transaction loss, before tax     (6) 
Other nonoperating income (expense) 322(0)(4) 
Interest and debt expense (1)03(33)(35)(31)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (13)(17)(25) 62
Income (loss) from continuing operations before income taxes: 16(14)(23)(56)(38)18
Income tax expense (benefit) (4)78185(10)
Net income (loss): 12(7)(15)(38)(33)8
Net income attributable to noncontrolling interest   0011
Net income (loss) attributable to parent: 12(7)(14)(38)(32)9
Other undisclosed net income (loss) available to common stockholders, basic (0)0011(0)
Net income (loss) available to common stockholders, diluted: 12(7)(14)(37)(32)9

Comprehensive Income ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income (loss): 12(7)(15)(38)(33)8
Other comprehensive income (loss) (1)3(0)(4)(1)2
Comprehensive income (loss): 12(4)(15)(42)(35)10
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   011(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent: 12(4)(14)(41)(34)10

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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