Titan Machinery Inc. (TITN) financial statements (2021 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)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments794457535389128
Cash and cash equivalents794457535389128
Receivables69737861605776
Inventory, net of allowances, customer advances and progress billings418597491472478689879
Inventory418597491472478689879
Disposal group, including discontinued operation      15
Other undisclosed current assets14141613162330
Total current assets:5807286415996088581,128
Noncurrent Assets
Operating lease, right-of-use asset74 
Property, plant and equipment147    183209
Intangible assets, net (including goodwill)9   (31)(26)5
Goodwill1   (31)(31) 
Intangible assets, net (excluding goodwill)8    55
Other noncurrent assets124815216116417
Other undisclosed noncurrent assets4   3131 
Total noncurrent assets:236248152161164190221
TOTAL ASSETS:8169757927607711,0481,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80555247484676
Accounts payable20171715171718
Accrued liabilities49383532312935
Employee-related liabilities      17
Taxes payable11    04
Interest and dividends payable      2
Deferred revenue59 
Debt142832128
Derivative instruments and hedges, liabilities      3
Disposal group, including discontinued operation      3
Deferred revenue and credits   3
Customer advances and deposits32263135
Other undisclosed current liabilities164411365247233445601
Total current liabilities:318494420328309523730
Noncurrent Liabilities
Long-term debt and lease obligation1211642697127173199
Long-term debt, excluding current maturities45762697127173199
Finance lease, liability3 
Operating lease, liability7488
Liabilities, other than long-term debt981113151442
Deferred tax liabilities, net52101139
Other liabilities98610523
Other undisclosed noncurrent liabilities(3)(36)     
Total noncurrent liabilities:12713637110141186242
Total liabilities:445630457438450710971
Stockholders' equity
Stockholders' equity attributable to parent371345335322321338376
Additional paid in capital253251248247241242240
Accumulated other comprehensive income (loss)1(3)(2)(2)(5)(4)(1)
Retained earnings11798897785100137
Stockholders' equity attributable to noncontrolling interest     12
Total stockholders' equity:371345335322321338378
TOTAL LIABILITIES AND EQUITY:8169757927607711,0481,350

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues1,4111,3051,2621,2031,2131,3681,900
Cost of revenue(1,150)(1,054)(1,030)(988)(999)(1,162)(1,592)
Gross profit:261251232215214206308
Operating expenses(221)(226)(202)(203)(211)(221)(273)
Other undisclosed operating loss(3)(4)(3)(11)(5)(9)(34)
Operating income (loss):3721271(2)(23)1
Nonoperating income (expense)13322(0)(10)
Foreign currency transaction loss, before tax      (6)
Other nonoperating income (expense)13322(0)(4)
Interest and debt expense(7)(10)(1)03(33)(35)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (13)(17)(25) 6
Income (loss) from continuing operations before income taxes:311516(14)(23)(56)(38)
Income tax expense (benefit)(11)(1)(4)78185
Net income (loss):191412(7)(15)(38)(33)
Net income attributable to noncontrolling interest    001
Net income (loss) attributable to parent:191412(7)(14)(38)(32)
Other undisclosed net income (loss) available to common stockholders, basic(0)(0)(0)0011
Net income (loss) available to common stockholders, diluted:191412(7)(14)(37)(32)

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):191412(7)(15)(38)(33)
Other comprehensive income (loss)5(1)(1)3(0)(4)(1)
Comprehensive income (loss):241312(4)(15)(42)(35)
Comprehensive income, net of tax, attributable to noncontrolling interest    011
Comprehensive income (loss), net of tax, attributable to parent:241312(4)(14)(41)(34)

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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