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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235181167240154154145
Cash and cash equivalents210181167240133154145
Short-term investments26   22  
Restricted cash and investments7111111
Receivables545548590611547549530
Inventory, net of allowances, customer advances and progress billings842805844839836841777
Inventory842805844839836841777
Other current assets105908373777693
Other undisclosed current assets140182183156123166153
Total current assets:1,8751,8071,8671,9201,7371,7861,700
Noncurrent Assets
Intangible assets, net (including goodwill)1,7521,6581,7011,6671,6941,709883
Goodwill994955969953961965494
Intangible assets, net (excluding goodwill)759703732714733743389
Other noncurrent assets18161723374430
Other undisclosed noncurrent assets112636060657481
Total noncurrent assets:1,8821,7361,7781,7501,7961,826994
Other undisclosed assets1,1031,0221,0291,011912887835
TOTAL ASSETS:4,8604,5654,6744,6814,4454,5003,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities454405452457472436380
Accounts payable302265292294273283253
Employee-related liabilities135117134121175134111
Taxes payable18232642241915
Debt11012546354348165
Other liabilities172175168162171173167
Other undisclosed current liabilities  3029   
Total current liabilities:737705696684686657711
Noncurrent Liabilities
Long-term debt and lease obligation1,7221,6281,6431,7471,6391,682881
Long-term debt, excluding current maturities1,6481,5541,6431,7471,6391,682881
Finance lease, liability33  
Operating lease, liability7172  
Liabilities, other than long-term debt281286479474478521383
Deferred tax liabilities, net12912713815240
Liability, pension and other postretirement and postemployment benefits197205272271270306288
Other liabilities84817876706355
Other undisclosed noncurrent liabilities1651297371   
Total noncurrent liabilities:2,1692,0432,1942,2912,1172,2031,265
Total liabilities:2,9052,7482,8912,9752,8032,8591,976
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8681,7451,7111,6391,5801,5801,522
Treasury stock, value(980)(989)(958)(953)(960)(925)(914)
Additional paid in capital938946941938952945907
Accumulated other comprehensive loss(50)(80)(98)(101)(95)(89)(70)
Retained earnings1,9071,8151,7721,7011,6301,5951,545
Other undisclosed stockholders' equity attributable to parent53535353535353
Stockholders' equity attributable to noncontrolling interest87737267636131
Total stockholders' equity:1,9551,8181,7841,7061,6431,6401,552
TOTAL LIABILITIES AND EQUITY:4,8604,5654,6744,6814,4454,5003,528

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues8969141,000980910881906
Revenue, net906
Cost of revenue
(Cost of Goods and Services Sold)
(640)(637)(694)(677)(656)(628)(639)
Gross profit:256278306303255253267
Operating expenses(163)(150)(161)(153)(152)(145)(142)
Other undisclosed operating income    1  
Operating income:94128145150104109125
Nonoperating income (expense)28(8)35(6)18
Investment income, nonoperating1111 11
Net periodic defined benefits expense (reversal of expense), excluding service cost component24(14)00   
Other nonoperating income3613 17
Interest and debt expense(17)(18)(19)(18)(19)(13)(11)
Income from continuing operations before equity method investments, income taxes:1051021291378097122
Other undisclosed income (loss) from continuing operations before income taxes(110)453431423523
Income (loss) from continuing operations before income taxes:(5)148162168122132145
Income tax expense (benefit)13(36)(34)(41)(19)(25)(30)
Income before gain (loss) on sale of properties:8112129126103107115
Other undisclosed net income (loss)110(45)(34)(31)(42)(35)(23)
Net income:118679595617292
Net loss attributable to noncontrolling interest (3)(2)(3)(1)(1)(1)
Other undisclosed net loss attributable to parent(4)      
Net income available to common stockholders, diluted:114649392607291

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:118679595617292
Other comprehensive income (loss)30164(5)(5)(25)(43)
Comprehensive income:148829990564849
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(1)(3)(4)(3)51
Comprehensive income, net of tax, attributable to parent:144829686545350

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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