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Timken to Participate in Longbow Research Investors Conference (8/9/2019)

Timken Declares Quarterly Dividend of 28 Cents Per Share (8/9/2019)

Timken Reports Strong Second-Quarter 2019 Results; Updates Full-Year Outlook (7/31/2019)

Timken to Participate in Jefferies 2019 Global Industrials Conference (7/24/2019)

Timken to Announce Second-Quarter 2019 Financial Results July 31 (7/10/2019)

More News

Financial Highlights

As Reported Financials

Source Document Currency Code (in millions) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Current Assets
Cash and cash equivalents 129.6 148.8 121.6 132.5 166.8
Restricted cash 0.2 2.7 3.8 0.6 0.6
Accounts receivable, less allowances 454.6 438.0 524.9 546.6 589.9
Unbilled receivables NA NA 0 116.6 153.3
Inventories, net 543.2 553.7 738.9 835.7 843.8
Deferred charges and prepaid expenses 22.7 20.3 29.7 28.2 29.3
Other current assets 56.1 48.4 81.2 77.0 83.0
Total Current Assets 1,206.4 1,211.9 1,500.1 1,737.2 1,866.7
Property, Plant and Equipment, net 777.8 804.4 864.2 912.1 912.0
Operating Lease Assets NA NA NA 0 117.3

Other Assets
Goodwill 327.3 357.5 511.8 960.5 969.4
Other intangible assets 271.3 271.0 420.6 733.2 731.5
Non-current pension assets 86.3 32.1 19.7 6.2 10.9
Deferred income taxes 65.9 51.4 61.0 59.0 49.4
Other non-current assets 49.1 34.9 25.0 37.0 17.0
Total Other Assets 799.9 746.9 1,038.1 1,795.9 1,778.2
Total Assets 2,784.1 2,763.2 3,402.4 4,445.2 4,674.2

LIABILITIES AND EQUITY

Current Liabilities
Short-term debt 62.0 19.2 105.4 33.6 37.3
Current portion of long-term debt 15.1 5.0 2.7 9.4 9.0
Short-term operating lease liabilities NA NA NA 0 29.5
Accounts payable, trade 159.7 176.2 265.2 273.2 291.6
Salaries, wages and benefits 102.3 85.9 127.9 174.9 134.3
Income taxes payable 13.1 16.9 9.8 23.5 26.4
Other current liabilities 153.1 149.5 160.7 171.0 168.2
Total Current Liabilities 505.3 452.7 671.7 685.6 696.3

Non-Current Liabilities
Long-term debt 579.4 635.0 854.2 1,638.6 1,642.6
Accrued pension cost 146.9 154.7 167.3 161.3 162.6
Accrued postretirement benefits cost 136.1 131.5 122.6 108.7 109.3
Long-term operating lease liabilities NA NA NA 0 73.0
Deferred income taxes 3.6 3.9 44.0 138.0 128.7
Other non-current liabilities 68.2 74.5 67.7 70.3 78.1
Total Non-Current Liabilities 934.2 999.6 1,255.8 2,116.9 2,194.3

Shareholders' Equity
Class I and II Serial Preferred Stock, without par value
Authorized 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 905.1 906.9 903.8 951.9 941.3
Earnings invested in the business 1,457.6 1,289.3 1,408.4 1,630.2 1,772.0
Accumulated other comprehensive loss (287.0) (77.9) (38.3) (95.3) (97.5)
Treasury shares (804.3) (891.7) (884.3) (960.3) (957.6)
Total Shareholders' Equity 1,324.5 1,279.7 1,442.7 1,579.6 1,711.3
Noncontrolling Interest 20.1 31.2 32.2 63.1 72.3
Total Equity 1,344.6 1,310.9 1,474.9 1,642.7 1,783.6
Total Liabilities and Equity 2,784.1 2,763.2 3,402.4 4,445.2 4,674.2
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