TITAN INTERNATIONAL INC (TWI) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Net income		176.3	161.9	129.9	59.9	49.6	4.8	-19.1
Depreciation and amortization		42.7	43.9	45.3	46.8	48.0	50.6	52.5
Asset impairment charges				0.0	10.9
Stock-based compensation		4.3	4.5	4.0	3.4	3.4	2.6	2.8
Deferred taxes		-23.4	-15.1	-14.7	-12.8	-14.2	-0.1	-0.7
Change in working capital [+]		-23.8	-48.7	-62.5	-107.6	-78.9	-64.6	-19.6
Accounts receivable		-27.2	-42.8	-51.5	-68.3	-74.7	-67.8	-65.6
Inventories		-19.6	-67.5	-98.7	-119.8	-112.9	-88.4	-38.4
Other current assets		11.4	4.9	-7.1	-22.0	-15.7	-10.8	-5.5
Accounts payable		-7.8	19.3	57.6	84.5	121.2	102.0	94.6
Other		19.4	37.4	37.1	17.9	3.2	0.4	-4.6
Other operating activities		-15.5	-31.3	-24.9	7.6	2.8	-2.9	1.1
Cash from operations		160.7	115.3	77.1	8.2	10.7	7.5	34.2

Capital expenditures		-47.0	-47.3	-43.6	-37.6	-38.8	-32.6	-27.9
Purchases of property and equipment		-47.0	-47.3	-43.6	-37.6	-38.8	-32.6	-27.9
Other cash from investing		10.2	10.0	10.0	10.7	1.2	17.3	35.4
Cash from investing		-36.8	-37.3	-33.6	-26.9	-37.6	-15.3	7.4

Repurchase of common stock, net			-50.0	-25.0
Other cash from financing		-11.3	-0.9	5.5	21.0	13.9	2.6	-30.5
Cash from financing		-61.3	-50.9	-19.5	18.6	13.9	2.6	-30.5

Free cash flow		113.7	67.9	33.5	-29.4	-28.1	-25.1	6.3
Per share (diluted)		$1.79	$1.07	$0.53	($0.47)	($0.45)	($0.41)	$0.10

Cash paid for interest		31.6	36.4	34.2	34.4	34.6	28.2	30.5
Cash paid for income taxes		24.1	33.2	18.0	14.6	16.3	16.3	14.7