Titan Machinery Inc. company info

CIK 1409171
IRS Number 450357838
State of incorporation DE
Business address 644 EAST BEATON DRIVE
None
WEST FARGO
ND
58078
Mail address 644 EAST BEATON DRIVE
None
WEST FARGO
ND
58078

Short summary

Titan Machinery Inc. is a North Dakota company, with head office located at 644 East Beaton Drive West Fargo, North Dakota 58078. In 2017 the company owned a total of 822.42 million USD worth of assets, including 655.20 million USD worth of current assets and 167.22 million USD worth of non-current assets. 2013 was the year when the company amassed the most assets.

Titan Machinery Inc. Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Gross Profit 141.10174.57275.46339.36348.07308.38205.91213.73
Operating Expenses 109.00130.54193.86247.56291.20273.27220.52211.37
Operating Income (Loss) 32.1044.0381.6091.8046.880.72-23.11-2.37
Interest expense 8.589.6722.7630.5634.7932.6221.87
Other Nonoperating Income (Expense) 1.652.11-4.27-0.481.52
Income Tax Expense (Benefit) 11.2614.9029.4328.1410.33-4.92-17.98-8.18
Net income 22.3444.1642.478.85-32.16-37.89-14.18

Titan Machinery Inc. Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 41.0576.1981.61106.72114.2582.01104.3663.7856.2457.53
Inventories 429.84823.201,001.231,116.98880.06684.83484.09517.46
Deferred income taxes 3.255.268.1713.4418.4918.49
Property, Plant and Equipment, Gross 162.08290.86318.83300.68295.62288.36289.89
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 35.8060.8287.05105.89118.53128.61129.27
Goodwill 18.3926.2630.9424.750
Intangible Assets, Net (Excluding Goodwill) 4.7311.4614.2011.585.365.094.984.96
Other Assets, Noncurrent 2.797.858.557.566.651.321.351.31
Total assets 648.851,210.451,514.481,596.641,297.721,006.04782.93822.42
Current assets 555.15993.981,226.841,315.891,090.92822.55616.52655.20
Non-current assets 183.50166.41167.22
Accounts payable 15.9637.3233.8726.1417.5418.3220.1216.33
Total current liabilities 388.05660.44873.13940.69710.04522.01328.38375.52
Deferred income taxes 9.0138.9347.7246.8539.2410.814.953.26
Common Stock, Value, Issued 000000
Retained Earnings (Accumulated Deficit) 74.09125.85160.31165.38131.1195.8478.1672.98
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.11-0.93-1.28-5.73-3.56-3.81-2.77

Titan Machinery Inc. Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 22.3444.1642.478.85-32.16-37.89-14.18
Depreciation 8.9014.7022.703031.2028.2026.70
Amortization of Intangible Assets 0.100.600.800.800.600.300.10
Depreciation and amortization 7.958.9715.2623.4630.7931.7728.5426.87
Deferred Income Tax Expense (Benefit) 1.851.6816.036.11-4.94-14.84-9.17-2.84
Inventories 169.92182.37-171.60-196.98-211.79
Payments to Acquire Property, Plant, and Equipment 12.3913.3018.7826.4718.2316.218.079.29
Payments to Acquire Businesses, Net of Cash Acquired 7.2732.3148.4531.884.850.58
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 25.73-48.45-66.63-64.11-7.084.40-0.13-9.13
Proceeds from Issuance of Long-term Debt 23.9123.2637.83113.97143.9211372.9114.01
Proceeds from Issuance of Common Stock 74.90