Ticker
Reporting Basis
Period
From
To
Form Type
Report Format
Update Type

TIMKEN CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Sales4,573.004,769.004,496.704,132.903,513.203,789.903,580.803,003.802,669.802,872.30
Total Revenues4,573.004,769.004,496.704,132.903,513.203,789.903,580.803,003.802,669.802,872.30
Cost of Products Sold3,132.303,259.903,208.603,030.402,503.302,648.102,540.702,193.401,975.002,078.40
Gross Profit1,440.701,509.101,288.101,102.501,009.901,141.801,040.10810.40694.80793.90
Amortization of intangible assets78.0065.70----------------
Selling, administrative and general expenses752.00740.80637.10580.50533.80618.60580.70521.40450.00494.30
Pension settlement charges----------------28.10465.00
Impairment and restructuring charges13.4045.5044.108.9021.206.804.904.3021.7014.70
Gain on divestitures------------------(28.70)
Separation costs--------------------
Loss on divestitures--------------------
Gain on sale of real estate13.80------------------
Operating (loss) income611.10657.10606.90513.10454.90516.40454.50284.70195.00(151.40)
Interest expense125.10110.7074.6058.8067.6072.1051.7037.1033.5033.40
Gain on sale of real estate------------------0.00
Interest income14.909.303.802.303.704.902.102.901.902.70
Other expense - net(4.10)(1.20)5.500.8010.0013.009.409.40(0.90)(7.50)
Receipt of Continued Dumping & Subsidy Offset Act (CDSOA)payment, net of expenses--------------------
Continued Dumping & Subsidy Offset Act(CDSOA) receipts, net of expense----------------59.60--
Non-service pension and other postretirement costs(2.60)(24.00)9.3018.30(4.70)10.20(6.20)------
Acquisition-related gain------0.90------------
Income (loss) before income taxes494.20530.50550.90476.60396.30472.40408.10259.90222.10(189.60)
Pre-Tax Income: United States175.60173.8086.00125.80144.10190.70202.00107.40117.80--
Pre-Tax Income: Non-United States318.60356.70464.90350.80252.20281.70206.10152.50104.30--
Provision for income taxes118.90122.50133.9095.10103.9097.70102.6057.6069.20(121.60)
Current Tax : Federal28.6010.4011.208.1040.3020.8046.109.1044.1026.80
Current Tax : Foreign116.50119.90119.6098.2078.9081.0068.0044.3031.3016.30
Deferred Tax : Federal(6.60)(12.10)(7.80)(5.20)(19.50)39.80(19.90)13.60(15.10)(146.10)
Deferred Tax : Foreign(26.00)2.004.50(6.50)(2.40)(55.20)(0.80)(9.40)8.90(10.90)
Current Tax : State and local9.103.806.703.907.904.809.904.600.105.40
Deferred Tax : State and local(2.70)(1.50)(0.30)(3.40)(1.30)6.50(0.70)(4.60)(0.10)(13.10)
Income from Continuing Operations375.30--------------152.90(68.00)
Income from discontinued operations, net of income taxes------------------0.00
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle--------------------
Net Income (loss)375.30408.00417.00381.50292.40374.70305.50202.30152.90(68.00)
Less: Net income (loss) attributable to noncontrolling interest22.6013.909.6012.407.9012.602.70(1.10)0.302.80
Net Income attributable to The Timken Company--------------------
Less: Undistributed earnings allocated to nonvested stock--------------------
Net Income (Loss) Available to Common Shareholders352.70394.10407.40369.10284.50362.10302.80203.40152.60(70.80)
Earnings Per Share (Basic) - Cont Ops----------------1.94(0.84)
EPS (Basic) : Disc Ops--------------------
Cumulative effect of change in accounting principle- Basic--------------------
Net Basic Earnings (Loss) Per Share5.025.525.544.863.784.783.932.621.94(0.84)
Earnings Per Share (Diluted) - Cont Ops----------------1.92(0.84)
Earnings Per Share (Diluted) - Disc Ops--------------------
Cumulative effect of change in accounting principle- Diluted--------------------
Net Diluted Earnings (Loss) Per Share4.995.475.484.793.724.713.862.581.92(0.84)
Weighted average number of shares outstanding (basic)70.2071.3873.6075.8975.3575.7677.1277.7478.5284.63
Weighted average number of shares outstanding (Diluted)70.7572.0874.3277.0176.4076.9078.3478.9179.2384.63