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The Timken Company Celebrates 120th Anniversary by Ringing NYSE Closing Bell (12/12/2019)

Timken to Host and Webcast Investor Day on Dec. 12 in New York City (12/2/2019)

Timken Declares Quarterly Dividend of 28 Cents Per Share (11/12/2019)

Timken Completes Acquisition of BEKA Lubrication (11/1/2019)

Timken Reports Strong Third-Quarter 2019 Results; Updates Full-Year Outlook (10/30/2019)

More News

Financial Highlights

As Reported Financials

Document Name As Of Date Currency Code (in millions) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Current Assets
Cash and cash equivalents 129.6 148.8 121.6 132.5 181.4
Restricted cash 0.2 2.7 3.8 0.6 0.5
Accounts receivable, less allowances 454.6 438.0 524.9 546.6 548.3
Unbilled receivables NA NA 0 116.6 151.6
Inventories, net 543.2 553.7 738.9 835.7 805.3
Deferred charges and prepaid expenses 22.7 20.3 29.7 28.2 30.1
Other current assets 56.1 48.4 81.2 77.0 90.2
Total Current Assets 1,206.4 1,211.9 1,500.1 1,737.2 1,807.4
Property, Plant and Equipment, net 777.8 804.4 864.2 912.1 906.8
Operating Lease Assets NA NA NA 0 115.0

Other Assets
Goodwill 327.3 357.5 511.8 960.5 954.7
Other intangible assets 271.3 271.0 420.6 733.2 702.8
Non-current pension assets 86.3 32.1 19.7 6.2 11.8
Non-current other postretirement benefit assets NA NA NA 0 23.5
Deferred income taxes 65.9 51.4 61.0 59.0 27.3
Other non-current assets 49.1 34.9 25.0 37.0 16.0
Total Other Assets 799.9 746.9 1,038.1 1,795.9 1,736.1
Total Assets 2,784.1 2,763.2 3,402.4 4,445.2 4,565.3

LIABILITIES AND EQUITY

Current Liabilities
Short-term debt 62.0 19.2 105.4 33.6 34.8
Current portion of long-term debt 15.1 5.0 2.7 9.4 61.8
Short-term operating lease liabilities NA NA NA 0 28.0
Accounts payable, trade 159.7 176.2 265.2 273.2 265.2
Salaries, wages and benefits 102.3 85.9 127.9 174.9 116.9
Income taxes payable 13.1 16.9 9.8 23.5 23.2
Other current liabilities 153.1 149.5 160.7 171.0 174.7
Total Current Liabilities 505.3 452.7 671.7 685.6 704.6

Non-Current Liabilities
Long-term debt 579.4 635.0 854.2 1,638.6 1,553.5
Accrued pension benefits 146.9 154.7 167.3 161.3 167.8
Accrued postretirement benefits 136.1 131.5 122.6 108.7 36.9
Long-term operating lease liabilities NA NA NA 0 72.3
Deferred income taxes 3.6 3.9 44.0 138.0 131.7
Other non-current liabilities 68.2 74.5 67.7 70.3 81.0
Total Non-Current Liabilities 934.2 999.6 1,255.8 2,116.9 2,043.2

Shareholders' Equity
Class I and II Serial Preferred Stock, 0 0 0 0 0
Common shares, without par value
Stated capital 53.1 53.1 53.1 53.1 53.1
Other paid-in capital 905.1 906.9 903.8 951.9 945.5
Earnings invested in the business 1,457.6 1,289.3 1,408.4 1,630.2 1,815.0
Accumulated other comprehensive loss (287.0) (77.9) (38.3) (95.3) (80.1)
Treasury shares at cost (804.3) (891.7) (884.3) (960.3) (988.7)
Total Shareholders' Equity 1,324.5 1,279.7 1,442.7 1,579.6 1,744.8
Noncontrolling Interest 20.1 31.2 32.2 63.1 72.7
Total Equity 1,344.6 1,310.9 1,474.9 1,642.7 1,817.5
Total Liabilities and Equity 2,784.1 2,763.2 3,402.4 4,445.2 4,565.3
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.