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)

12/31/2020
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 investments320235154138161139279
Cash and cash equivalents320210133122149130279
Short-term investments 2622161210 
Restricted cash and investments17143015
Receivables581545547525438455476
Inventory, net of allowances, customer advances and progress billings841842836739546543586
Inventory841842836739546543586
Other current assets1061057781485652
Other undisclosed current assets1511401231391375
Total current assets:2,0001,8751,7371,5001,2041,2061,482
Noncurrent Assets
Property, plant and equipment      781
Intangible assets, net (including goodwill) 1,7521,694932629599499
Goodwill 994961512358327260
Intangible assets, net (excluding goodwill) 759733421271271240
Other noncurrent assets2,006183725355064
Defined benefit plan, assets for plan benefits3286176
Other undisclosed noncurrent assets1,03611265815466(781)
Total noncurrent assets:3,0411,8821,7961,038750801739
Other undisclosed assets 1,103912864804778781
TOTAL ASSETS:5,0424,8604,4453,4022,7582,7853,001
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities503454472403279275371
Accounts payable351302273265176160144
Employee-related liabilities13613517512886102147
Taxes payable16182410171380
Debt1321104310824778
Other liabilities187172171161150153155
Other undisclosed current liabilities26      
Total current liabilities:848737686672453505534
Noncurrent Liabilities
Long-term debt and lease obligation1,5091,7221,639854635581522
Long-term debt, excluding current maturities1,4341,6481,639854635581522
Finance lease, liability 3
Operating lease, liability7671
Liabilities, other than long-term debt459281478402365355356
Deferred tax liabilities, net13844444
Deferred income tax liabilities149 
Liability, pension and other postretirement and postemployment benefits204197270290286283308
Other liabilities106847068756845
Other undisclosed noncurrent liabilities 165     
Total noncurrent liabilities:1,9682,1692,1171,2561,000935879
Total liabilities:2,8162,9052,8031,9281,4521,4411,412
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1531,8681,5801,4431,2751,3251,576
Common stock    535353
Treasury stock, value(9)(980)(960)(884)(892)(804)(509)
Additional paid in capital741938952904907905899
Accumulated other comprehensive income (loss)41(50)(95)(38)(322)(287)(483)
Retained earnings1,3401,9071,6301,4081,5291,4581,615
Other undisclosed stockholders' equity attributable to parent41535353   
Stockholders' equity attributable to noncontrolling interest72876332312013
Total stockholders' equity:2,2251,9551,6431,4751,3061,3451,589
TOTAL LIABILITIES AND EQUITY:5,0424,8604,4453,4022,7582,7853,001

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
Revenues3,5133,7903,5813,0042,6702,8723,099
Revenue, net3,0042,6702,8723,099
Cost of revenue
(Cost of Goods and Services Sold)
(2,503)(2,648)(2,541)(2,193)(1,975)(2,078)(2,178)
Other undisclosed gross profit      (23)
Gross profit:1,0101,1421,040810695794898
Operating expenses(555)(625)(586)(526)(472)(480)(696)
Other operating expense, net      (0)
Other undisclosed operating income (loss)  1 (28)(465)7
Operating income (loss):455516455285195(151)208
Nonoperating income (expense)9285121(5)4
Investment income, nonoperating4523234
Net periodic defined benefits expense (reversal of expense), excluding service cost component(5)10(6)
Other nonoperating income (expense)101399(1)(8) 
Interest and debt expense(68)(72)(52)(37)(34)(33)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes    60 20
Income (loss) from continuing operations before equity method investments, income taxes:396472408260222(190)204
Other undisclosed income from continuing operations before income taxes  1249350553129
Income from continuing operations before income taxes:396472533353272364333
Income tax expense (benefit)(104)(98)(103)(58)(69)122(55)
Other undisclosed loss from continuing operations    (50)(553)(129)
Income (loss) before gain (loss) on sale of properties:292375430295153(68)149
Other undisclosed net income (loss)  (124)(93)  24
Net income (loss):292375306202153(68)173
Net income (loss) attributable to noncontrolling interest(8)(13)(3)1(0)(3)(3)
Net income (loss) available to common stockholders, diluted:285362303203153(71)171

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):292375306202153(68)173
Other comprehensive income (loss)8745(63)42(33)194(85)
Comprehensive income:37942024224412012688
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(12)4(1)(2)(1)(2)
Comprehensive income, net of tax, attributable to parent:37640724724311812586

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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