Fiscal period | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
Period End Date | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 |
Sales | 1,780.22 | 1,259.31 | 1,448.67 | 1,602.41 | 1,468.92 | 1,265.50 | 1,394.77 | 1,895.53 | 2,163.60 | 1,820.68 |
Total Revenues | 1,780.22 | 1,259.31 | 1,448.67 | 1,602.41 | 1,468.92 | 1,265.50 | 1,394.77 | 1,895.53 | 2,163.60 | 1,820.68 |
Cost of sales | 1,542.67 | 1,130.19 | 1,319.66 | 1,404.14 | 1,298.69 | 1,124.08 | 1,260.03 | 1,714.95 | 1,868.41 | 1,526.54 |
Mining asset impairment and inventory writedown | -- | 14.80 | -- | -- | 9.92 | -- | -- | 39.93 | -- | -- |
Gross Profit | 237.54 | 114.32 | 129.00 | 198.27 | 160.31 | 141.42 | 134.74 | 140.64 | 295.19 | 294.14 |
Idled assets marketed for sale depreciation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Noncash goodwill impairment charge | -- | -- | -- | -- | -- | -- | -- | 36.57 | -- | -- |
Goodwill impairment on Titan Europe | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Research and development expenses | 10.10 | 9.01 | 9.86 | 11.15 | 10.30 | 9.97 | 11.16 | 14.01 | 11.17 | 7.15 |
Selling, general and administrative expenses | 131.77 | 130.94 | 137.70 | 134.79 | 150.68 | 144.99 | 140.39 | 173.61 | 167.37 | 126.16 |
Royalty expense | (10.49) | (9.72) | (9.88) | (10.09) | (10.48) | (8.86) | (10.53) | (14.08) | (14.26) | (12.26) |
Supply agreement termination income | -- | -- | -- | -- | -- | -- | -- | -- | -- | 26.13 |
Dyneer legal charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Operating Income (loss) | 85.18 | (35.35) | (28.43) | 42.24 | (11.15) | (22.40) | (27.35) | (97.63) | 102.40 | 174.71 |
Interest expense | 32.22 | 30.55 | 32.00 | 28.35 | 30.23 | 32.54 | 34.03 | 36.56 | 47.12 | 27.66 |
Gain on acquisition | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11.68 |
Goodwill impairment on Titan Europe | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Dyneer legal charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain (loss) on sale of assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Loss on investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Equity Income (loss) from unconsolidated affiliate | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Other income (loss) | 2.09 | 18.80 | 8.39 | 17.09 | 9.11 | 9.92 | 11.06 | 13.66 | 11.94 | 6.82 |
Foreign exchange loss | 12.02 | (11.03) | 4.00 | (11.18) | (1.96) | 8.55 | (4.76) | (31.71) | (4.92) | -- |
Gain on early retirement of debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Debt termination expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Noncash Titan Europe Plc charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | 26.70 |
Gain (loss) on note repurchase | (16.02) | -- | -- | -- | (18.65) | -- | -- | -- | (22.73) | -- |
Convertible debt conversion charge | -- | -- | -- | -- | -- | -- | -- | -- | (7.27) | -- |
Gain on earthquake insurance recovery | -- | -- | -- | -- | -- | -- | -- | -- | 22.45 | -- |
Income (loss) before income taxes | 51.04 | (58.13) | (48.04) | 19.81 | (52.88) | (36.47) | (55.07) | (152.24) | 54.73 | 192.25 |
Current-State | (0.16) | 0.33 | 0.62 | (0.07) | -- | (0.06) | 0.06 | 0.26 | 5.40 | 13.54 |
Current- Foreign | 16.42 | 13.68 | 9.75 | 11.50 | -- | 6.06 | 7.11 | 5.48 | 11.80 | 8.29 |
Deferred- Foreign | (14.18) | (3.01) | (2.30) | (2.29) | -- | (0.68) | (3.91) | (11.93) | 4.79 | 1.76 |
Deferred:Federal | -- | -- | -- | -- | -- | -- | 24.92 | (11.67) | (8.47) | 14.18 |
Deferred:State | -- | -- | -- | -- | -- | -- | 3.43 | (1.21) | (0.32) | 1.24 |
Provision (benefit) for income taxes | 1.15 | 6.95 | 3.48 | 6.76 | 11.20 | 3.28 | 34.76 | (21.82) | 25.05 | 86.61 |
Current-Federal | (0.93) | (4.05) | (4.60) | (2.38) | -- | (2.04) | 3.14 | (2.75) | 11.85 | 47.62 |
(Loss) income before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Consolidated Net Income (Loss) | 49.89 | (65.08) | (51.52) | 13.05 | (64.08) | (39.76) | (89.83) | (130.43) | 29.69 | 105.64 |
Net (loss) attributable to noncontrolling interests | 0.31 | (4.69) | (3.09) | (3.04) | (4.04) | (2.15) | (14.65) | (49.96) | (5.52) | (1.59) |
Redemption value adjustment | -- | -- | 1.93 | 12.21 | 6.39 | 9.56 | 17.67 | 49.28 | -- | -- |
Net Income (Loss) Available to Common Shareholders | 49.59 | (60.39) | (50.35) | 3.88 | (66.44) | (47.16) | (92.84) | (129.74) | 35.21 | 107.23 |
(Loss) earnings per common share before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 0.80 | (0.99) | (0.84) | 0.06 | (1.12) | (0.87) | (1.73) | (2.43) | 0.66 | 2.47 |
(Loss) earnings per common share before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 0.79 | (0.99) | (0.84) | 0.06 | (1.12) | (0.87) | (1.73) | (2.43) | 0.64 | 2.05 |
Weighted Average Shares Outstanding (Basic) | 62.10 | 60.82 | 60.10 | 59.82 | 59.34 | 53.92 | 53.70 | 53.50 | 53.04 | 43.38 |
Weighted Average Shares Outstanding (Diluted) | 62.69 | 60.82 | 60.10 | 59.91 | 59.34 | 53.92 | 53.70 | 53.50 | 59.52 | 54.66 |