Titan International, Inc. (TWI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -46.53M | 12.79M | 41.52M | 14.31M | -38.59M | 8.74M | 59.91M | 70.84M | 2M | 39.24M | 51.22M | 64.8M | 24.09M | 58.44M | 53.32M | 67.44M | -18.52M | 13.02M | 15.2M | -1.52M |
| Operating CF Margin % | -9.21% | 3.12% | 8.9% | 3.11% | -7.86% | 2.28% | 13.37% | 13.31% | 0.42% | 10.06% | 12.75% | 13.47% | 4.39% | 11.46% | 10.05% | 11.77% | -3.33% | 2.67% | 3.37% | -0.35% |
| Operating CF Growth % | -20.56% | 46.36% | -30.69% | -79.8% | -2024.74% | -77.74% | 16.97% | 9.32% | -91.68% | -32.85% | -3.95% | -3.9% | 230.08% | 348.97% | 250.87% | 4521.97% | -16.01% | 32.84% | -63.76% | -199.74% |
| Net Income | -24.21M | -56.04M | -2.26M | -3.6M | 22K | 1.34M | -18.2M | 3.42M | 9.97M | -2.56M | 19.66M | 31.89M | 33.43M | 42.97M | 42.71M | 68.92M | 24.58M | 28.29M | 10.8M | -2.43M |
| Depreciation & Amortization | 17.07M | 17.82M | 16.79M | 16.62M | 15.87M | 20.64M | 12.64M | 15.42M | 12M | 10.84M | 10.03M | 10.73M | 10.83M | 10.46M | 10.04M | 10.9M | 11.35M | 11.65M | 11.43M | 12.36M |
| Stock-Based Compensation | 0 | -3.13M | 0 | 1.4M | -925K | 1.8M | 1.8M | 1.77M | 32K | 1.53M | 1.49M | 1.51M | 700K | 1.17M | 1.17M | 1.46M | 488K | 1.41M | 649K | 810K |
| Deferred Taxes | 1.21M | 0 | -5.26M | 3.2M | -793K | -28M | 8.67M | 9.49M | 3.49M | -7.95M | -9.58M | 8.26M | 4.09M | -21.75M | -33.38M | -1.29M | 995K | -13.44M | -941K | 600K |
| Other Non-Cash Items | 23.81M | 37.24M | 3.89M | 4.54M | 3.19M | -3.06M | 3.89M | -4.17M | 76K | 23.58M | 2.99M | -4.61M | 189K | 7.32M | 22.94M | -20.98M | 5.69M | 3.31M | -2.11M | 16.27M |
| Working Capital Changes | -64.41M | 16.89M | 28.37M | -7.85M | -55.96M | 16.01M | 51.11M | 44.91M | -23.57M | 13.81M | 26.62M | 17.01M | -25.15M | 18.27M | 9.85M | 8.43M | -61.62M | -18.21M | -4.64M | -29.14M |
| Change in Receivables | -98.8M | 46.54M | 10.45M | 36.14M | -97.1M | 44.94M | 37.32M | 34.7M | -43.14M | 25.37M | 33.83M | 42.22M | -58.54M | 16.3M | 6.03M | 7.8M | -57.33M | 720K | -2.69M | -8.96M |
| Change in Inventory | 3.44M | -4.72M | 10.78M | -7.83M | -5.34M | -2.43M | 19.15M | 34.9M | -136K | -562K | 8.1M | 12.61M | 11.49M | 24.58M | -5.3M | -4.64M | -34.24M | -23.35M | -36.42M | -25.77M |
| Change in Payables | 25.45M | 0 | -9.53M | -27.15M | 51.19M | -667K | -25.57M | -28.13M | 25.2M | 26K | -30.75M | -42.24M | 10.24M | 1.76M | -17M | -16.44M | 23.92M | 28.8M | 21.33M | 10.47M |
| Cash from Investing | -13.13M | -23.21M | -11.59M | -10.02M | -14.83M | -12.57M | -17.76M | -12.51M | -158.76M | -17.24M | -12.41M | -15.84M | -11.44M | -13.97M | -12.91M | -12.29M | 2.41M | -14.49M | -9.22M | -5.57M |
| Capital Expenditures | -13.25M | -17.87M | -11.63M | -10.09M | -15.03M | -13.31M | -18.12M | -17.59M | -16.61M | -19.32M | -13.91M | -15.87M | -11.7M | -14.22M | -13.29M | -11.83M | -7.64M | -14.55M | -9.61M | -5.78M |
| CapEx % of Revenue | 2.62% | 4.35% | 2.49% | 2.19% | 3.06% | 3.47% | 4.04% | 3.31% | 3.44% | 4.95% | 3.46% | 3.3% | 2.13% | 2.79% | 2.5% | 2.06% | 1.37% | 2.98% | 2.13% | 1.32% |
| Acquisitions | 116K | 0 | 44K | 0 | 0 | 0 | -3.03M | 0 | -142.21M | -1.79M | 0 | 0 | 0 | 0 | 0 | 0 | 9.29M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -5.34M | 0 | 76K | 199K | 738K | 1.6M | 5.08M | 52K | 1.79M | 1.51M | 31K | 258K | 250K | 383K | -459K | 756K | 64K | 390K | 204K |
| Cash from Financing | 26.19M | 7.96M | -7.42M | -1.71M | 18.61M | -8.5M | -40.82M | -31.83M | 145.71M | -16.02M | -14.2M | -15.35M | -10.45M | -3.77M | -34.92M | -34.33M | 11.71M | 6.67M | -3.57M | 3.77M |
| Debt Issued (Net) | 26.35M | 7.87M | -7.41M | -1.61M | 18.59M | 49.9M | -32.43M | -22.31M | 147.75M | -2.55M | -1.73M | -7.63M | -9.02M | -3.98M | -34.83M | -34.29M | 37.3M | 5.62M | -3.54M | 3.41M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -57.91M | -8.34M | -6.36M | -1.4M | -13.52M | -12.67M | -5.1M | -1.29M | 0 | 0 | 0 | -25M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -57.91M | -8.34M | -6.36M | -1.4M | -13.52M | -12.67M | -5.1M | -1.29M | 0 | 0 | 0 | -25M | 0 | 0 | 0 |
| Other Financing | -160K | 87K | -7K | -95K | 21K | -485K | -46K | -3.17M | -642K | 45K | 208K | -2.62M | -130K | 209K | -92K | -42K | -586K | 1.05M | -29K | 369K |
| Net Change in Cash | -31.62M | -2.5M | 20.71M | 10.24M | -21.54M | -31.32M | 3.19M | 20.47M | -16.62M | 8.35M | 15.45M | 32.34M | 4.54M | 43M | -122K | 18.56M | 36K | 3.47M | -1.16M | -150K |
| Free Cash Flow | -59.78M | -5.08M | 29.89M | 4.22M | -53.62M | -4.57M | 41.79M | 53.25M | -14.6M | 19.93M | 37.3M | 48.94M | 12.39M | 44.22M | 40.03M | 55.61M | -26.15M | -1.54M | 5.58M | -7.3M |
| FCF Margin % | -11.84% | -1.24% | 6.41% | 0.92% | -10.93% | -1.19% | 9.33% | 10.01% | -3.03% | 5.11% | 9.28% | 10.17% | 2.26% | 8.67% | 7.54% | 9.71% | -4.7% | -0.32% | 1.24% | -1.66% |
| FCF Growth % | -11.48% | -11.18% | -28.47% | -92.08% | -267.2% | -122.94% | 12.02% | 8.82% | -217.87% | -54.94% | -6.81% | -12% | 147.37% | 2978.84% | 616.89% | 861.65% | -5.36% | -204.63% | -84.9% | -1511.7% |
| FCF per Share | -0.93 | -0.08 | 0.47 | 0.07 | -0.85 | -0.07 | 0.58 | 0.73 | -0.22 | 0.32 | 0.59 | 0.77 | 0.19 | 0.70 | 0.63 | 0.88 | -0.41 | -0.02 | 0.09 | -0.12 |
| FCF Conversion (FCF/Net Income) | 1.92x | -0.23x | -18.36x | -3.15x | 59.46x | 6.52x | -3.28x | 32.96x | 0.22x | -15.30x | 2.66x | 2.15x | 0.76x | 1.39x | 1.24x | 1.00x | -0.77x | 0.47x | 1.36x | 0.55x |
| Interest Paid | 0 | 0 | 0 | 17.96M | 3.21M | 16.68M | 2.54M | 17.11M | 843K | 14.3M | 486K | 14.62M | 863K | 14.79M | 786K | 15.16M | 869K | 9.59M | -1.39M | 15.36M |
| Taxes Paid | 0 | 0 | 0 | 4.71M | 3.42M | 3.94M | 4.61M | 6.27M | 5.55M | 4.22M | 4.9M | 8.92M | 3.77M | -3.62M | 18.91M | 6.73M | 2.08M | 5.5M | 3.67M | 3.4M |