TimkenSteel Corporation (TMST) financial statements (2021 and earlier)

Company profile

Business Address 1835 DUEBER AVENUE SW
CANTON, OH 44706-0928
State of Incorp. OH
Fiscal Year End December 31
SIC 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103272225264235
Cash and cash equivalents103272225264235
Receivables63781631509281192
Inventory, net of allowances, customer advances and progress billings178282297224164174294
Inventory178282297224164174294
Assets held-for-sale, not part of disposal group04    
Deferred tax assets    20
Other current assets9868698
Other undisclosed current assets43443113
Total current assets:358402491410290318551
Noncurrent Assets
Operating lease, right-of-use asset21 
Property, plant and equipment570626    772
Intangible assets, net (including goodwill)9141820253130
Intangible assets, net (excluding goodwill)9141820253130
Other noncurrent assets3345643
Defined benefit plan, assets for plan benefits6208
Other undisclosed noncurrent assets34401115  (772)
Total noncurrent assets:6366843240385541
Other undisclosed assets  674707742769772
TOTAL ASSETS:9941,0851,1981,1571,0701,1421,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities105103218195128101208
Accounts payable90691611358750120
Accrued liabilities13202028203038
Employee-related liabilities2143732202149
Taxes payable      0
Debt39      
Other undisclosed current liabilities3793123318
Total current liabilities:181112221207131104226
Noncurrent Liabilities
Long-term debt and lease obligation53169747066  
Long-term debt, excluding current maturities39169747066  
Operating lease, liability14 
Liabilities, other than long-term debt253232252224205151205
Deferred tax liabilities, net   2775
Deferred income tax liabilities1 
Liability, pension and other postretirement and postemployment benefits241222240211192114119
Other liabilities11101213131011
Other undisclosed noncurrent liabilities 91169670200185
Total noncurrent liabilities:306410442389342351391
Total liabilities:487522662596473455616
Stockholders' equity
Stockholders' equity attributable to parent508563535561597686748
Treasury stock, value(13)(25)(33)(37)(45)(46)(35)
Additional paid in capital8438458468448461,0581,051
Accumulated other comprehensive income (loss)4045(9)(8)(9)(264)(297)
Retained earnings (accumulated deficit)(363)(302)(269)(238)(194)(62)29
Total stockholders' equity:508563535561597686748
TOTAL LIABILITIES AND EQUITY:9941,0851,1981,1571,0701,1421,364

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8311,2091,6111,3298701,1061,720
Revenue, net1,3298701,1061,720
Cost of revenue
(Cost of Goods and Services Sold)
(815)(1,186)(1,506)(1,261)(897)(1,097)(1,400)
Other undisclosed gross profit      (46)
Gross profit:162310568(27)9274
Operating expenses(84)(110)(98)(91)(102)(111)(128)
Other undisclosed operating income (loss)  (1)(1)(0)(7)14
Operating income (loss):(68)(87)6(23)(129)(109)161
Nonoperating income (expense)14(23)(19)(4)(2)(3)(0)
Foreign currency transaction gain, before tax      1
Other nonoperating income (expense)14(23)(19)(4)(2)(3)(1)
Interest and debt expense(13)(16)(17)(15)(11)(3)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes6     (2)
Income (loss) from continuing operations before income taxes:(61)(126)(30)(42)(142)(115)158
Income tax expense (benefit)(1)16(2)(2)3743(54)
Net income (loss) available to common stockholders, diluted:(62)(110)(32)(44)(106)(72)104

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(62)(110)(32)(44)(106)(72)104
Other comprehensive income (loss) 54(1)2(2)34(60)
Comprehensive income (loss):(62)(56)(33)(42)(107)(39)45
Other undisclosed comprehensive loss, net of tax, attributable to parent(4)      
Comprehensive income (loss), net of tax, attributable to parent:(66)(56)(33)(42)(107)(39)45

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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