Timken Company (The) (TKR) financial statements (2021 and earlier)

Company profile

Business Address 4500 MT. PLEASANT ST. NW
NORTH CANTON, OH 44720-5450
State of Incorp. OH
Fiscal Year End December 31
SIC 3562 - Ball and Roller Bearings (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235154138161139279385
Cash and cash equivalents210133122149130279385
Short-term investments2622161210  
Restricted cash and investments7143015 
Receivables545547525438455476567
Inventory, net of allowances, customer advances and progress billings842836739546543586810
Inventory842836739546543586810
Other current assets105778148565264
Other undisclosed current assets1401231391375113
Total current assets:1,8751,7371,5001,2041,2061,4821,938
Noncurrent Assets
Property, plant and equipment     7811,558
Intangible assets, net (including goodwill)1,7521,694932629599499578
Goodwill994961512358327260359
Intangible assets, net (excluding goodwill)759733421271271240219
Other noncurrent assets18372535506452
Defined benefit plan, assets for plan benefits✕✕✕3286176343
Other undisclosed noncurrent assets11265815466(781)(1,548)
Total noncurrent assets:1,8821,7961,038750801739982
Other undisclosed assets1,1039128648047787811,558
TOTAL ASSETS:4,8604,4453,4022,7582,7853,0014,478
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities454472403279275371513
Accounts payable302273265176160144223
Employee-related liabilities13517512886102147183
Taxes payable182410171380107
Debt1104310824778269
Deferred tax liabilities✕     8
Other liabilities172171161150153155191
Total current liabilities:737686672453505534980
Noncurrent Liabilities
Long-term debt and lease obligation1,7221,639854635581522207
Long-term debt, excluding current maturities1,6481,639854635581522207
Finance lease, liability3✕✕✕✕✕✕
Operating lease, liability71✕✕✕✕✕✕
Liabilities, other than long-term debt281478402365355356643
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕413
Deferred tax liabilities, net✕13844444167
Liability, pension and other postretirement and postemployment benefits197270290286283308✕
Other liabilities84706875684563
Other undisclosed noncurrent liabilities165      
Total noncurrent liabilities:2,1692,1171,2561,000935879849
Total liabilities:2,9052,8031,9281,4521,4411,4121,829
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8681,5801,4431,2751,3251,5762,637
Common stock   53535353
Treasury stock, value(980)(960)(884)(892)(804)(509)(273)
Additional paid in capital938952904907905899896
Accumulated other comprehensive loss(50)(95)(38)(322)(287)(483)(626)
Retained earnings1,9071,6301,4081,5291,4581,6152,586
Other undisclosed stockholders' equity attributable to parent535353    
Stockholders' equity attributable to noncontrolling interest87633231201312
Total stockholders' equity:1,9551,6431,4751,3061,3451,5892,649
TOTAL LIABILITIES AND EQUITY:4,8604,4453,4022,7582,7853,0014,478

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,7903,5813,0042,6702,8723,09980
Revenue, net✕✕3,0042,6702,8723,0994,341
Cost of revenue
(Cost of Goods and Services Sold)		(2,648)(2,541)(2,193)(1,975)(2,078)(2,178)(3,249)
Other undisclosed gross profit     (23)4,261
Gross profit:1,1421,0408106957948981,092
Operating expenses(625)(586)(526)(472)(480)(696)(710)
Other operating expense, net     (0) 
Other undisclosed operating income (loss) 1 (28)(465)754
Operating income (loss):516455285195(151)208436
Nonoperating income (expense)285121(5)48
Investment income, nonoperating5232342
Net periodic defined benefits expense (reversal of expense), excluding service cost component10(6)✕✕✕✕✕
Other nonoperating income (expense)1399(1)(8) 6
Interest and debt expense(72)(52)(37)(34)(33)(29)(24)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   60 20(3)
Income (loss) from continuing operations before equity method investments, income taxes:472408260222(190)204417
Other undisclosed income from continuing operations before income taxes 1249350553129116
Income from continuing operations before income taxes:472533353272364333533
Income tax expense (benefit)(98)(103)(58)(69)122(55)(154)
Other undisclosed loss from continuing operations   (50)(553)(129) 
Income (loss) before gain (loss) on sale of properties:375430295153(68)149379
Other undisclosed net income (loss) (124)(93)  24(116)
Net income (loss):375306202153(68)173263
Net income (loss) attributable to noncontrolling interest(13)(3)1(0)(3)(3)(0)
Net income (loss) available to common stockholders, diluted:362303203153(71)171263

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):375306202153(68)173263
Other comprehensive income (loss)45(63)42(33)194(85)380
Comprehensive income:42024224412012688643
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)4(1)(2)(1)(2)(7)
Other undisclosed comprehensive income, net of tax, attributable to parent      14
Comprehensive income, net of tax, attributable to parent:40724724311812586650

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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