← Titan Machinery Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($14.2m) | ($7.0m) | $12.2m | $14.0m | $19.4m | $66.0m | $101.9m | $112.4m | ($36.9m) | ($54.2m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($13.9m) | ($6.9m) | $12.0m | $13.7m | $19.0m | $65.1m | $100.6m | $110.9m | ($36.9m) | ($54.2m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($14.5m) | ($7.0m) | $12.2m | $14.0m | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($356k) | — | $12.2m | $14.0m | $19.4m | $66.0m | $101.9m | $112.4m | ($36.9m) | ($54.2m) | |
| Depreciation, Depletion and Amortization | $26.9m | $25.1m | $23.6m | $28.1m | $23.7m | $22.1m | $25.2m | $31.5m | $38.6m | $37.6m | |
| Amortization of Intangible Assets | $100k | $100k | $100k | $100k | $100k | $100k | $200k | $700k | $1.9m | $1.8m | |
| Capitalized Computer Software, Amortization | — | — | — | $4.7m | — | — | — | — | — | — | |
| Depreciation | $26.7m | $25.0m | $23.6m | $26.5m | $21.9m | $22.1m | $25.2m | $31.5m | $38.6m | $37.6m | |
| Depreciation, Nonproduction | — | — | — | — | — | $12.2m | $15.9m | $21.3m | $25.3m | $24.7m | |
| Deferred Income Tax Expense (Benefit) | ($2.8m) | ($8.9m) | $2.5m | ($1.7m) | ($3.5m) | $4.3m | $7.6m | $2.9m | ($15.8m) | $2.6m | |
| Share-based Payment Arrangement, Noncash Expense | $2.1m | $3.4m | $2.5m | $2.7m | $2.5m | $2.6m | $3.2m | $3.1m | $4.3m | $5.6m | |
| Goodwill and Intangible Asset Impairment | $4.4m | $673k | $2.2m | $3.8m | $3.2m | $1.5m | $0 | $0 | $1.8m | $2.3m | |
| Goodwill, Impairment Loss | $0 | — | — | — | $1.5m | $0 | $0 | — | $531k | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $2.2m | $3.8m | $858k | $1.1m | $0 | $0 | $1.8m | $2.3m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $0 | $0 | $3.6m | $0 | |
| Financing Interest Expense | — | — | — | — | — | $1.2m | $1.9m | $13.8m | $34.7m | $24.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($7.5m) | $0 | $5.3m | $2.5m | $6.7m | ($4.5m) | $502k | $1.3m | ($6.8m) | ($3.4m) | |
| Income Tax Expense (Benefit) | ($8.2m) | ($7.4m) | $4.0m | $699k | $11.4m | $20.9m | $33.4m | $38.6m | ($13.1m) | $8.8m | |
| Operating Lease, Expense | — | — | — | $12.2m | $11.5m | $9.9m | — | — | $8.1m | $5.1m | |
| Other Nonoperating Income (Expense) | $1.5m | $1.6m | $2.5m | $3.1m | $527k | $2.4m | $3.9m | $3.3m | ($4.2m) | $4.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($211.8m) | ($20.3m) | ($5.0m) | $99.5m | ($199.2m) | ($5.8m) | $180.9m | $476.4m | ($166.2m) | ($235.7m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $564k | $315k | $1.5m | $718k | $776k | $600k | |
| Accrued capital expenditures | $9.3m | $13.5m | $6.3m | $10.7m | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($282k) | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($700k) | ($1.2m) | $900k | ($400k) | $2.8m | $100k | $1.2m | ($1.0m) | $4.0m | ($3.0m) | |
| Goodwill | — | — | $1.2m | $2.3m | $1.4m | $9.0m | $30.6m | $64.1m | $61.2m | $65.6m | |
| Insured Event, Gain (Loss) | $2.0m | $2.0m | — | — | — | — | — | — | — | — | |
| Operating Expenses | $211.4m | $203.2m | $201.5m | $225.7m | $220.8m | $241.0m | $301.5m | $362.5m | $389.8m | $385.2m | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $1.7m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $2.4b | |
| Net Cash Provided by (Used in) Operating Activities | $141.0m | $95.8m | $46.6m | $955k | $173.0m | $158.9m | $10.8m | ($32.3m) | $70.3m | $137.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $9.3m | $13.5m | $6.3m | $10.7m | $13.0m | $23.0m | $27.2m | $51.5m | $51.8m | $22.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $3.7m | $15.3m | $13.9m | $6.8m | $33.6m | $100.5m | $107.5m | $260k | $19.8m | |
| Payments for (Proceeds from) Other Investing Activities | $519k | ($148k) | $131k | ($19k) | $10k | ($26k) | $139k | $597k | ($199k) | ($837k) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($25.8m) | ($36.5m) | ($20.3m) | ($55.2m) | ($134.1m) | ($163.4m) | ($47.7m) | ($22.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $14.0m | $33.0m | $3.3m | $23.4m | $5.3m | $10.3m | $8.4m | $19.6m | $37.3m | $25.3m | |
| Repayments of Long-term Debt | $17.2m | $36.8m | $16.1m | $4.5m | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($33k) | $65k | ($656k) | ($509k) | ($909k) | ($1.0m) | ($1.2m) | ($1.1m) | ($853k) | ($760k) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($16.7m) | $22.9m | ($117.9m) | ($35.3m) | $22.0m | $188.6m | ($23.6m) | ($123.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $3.3m | ($13.0m) | $509k | ($1.2m) | ($946k) | $1.2m | ($1.1m) | $1.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $3.3m | ($13.0m) | $35.3m | $67.2m | ($102.2m) | ($5.8m) | ($2.2m) | ($7.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $79.0m | $146.1m | $43.9m | $38.1m | $35.9m | $28.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $20.8m | $13.6m | $11.1m | $9.7m | $7.4m | $5.4m | $6.5m | $19.4m | $48.3m | $42.9m | |
| Income Taxes Paid, Net | ($13.1m) | ($5.6m) | $3.7m | $3.7m | $2.8m | $22.9m | $26.6m | $39.8m | $6.6m | ($1.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.