TIMKEN CO

Listed Company

TKRCIK 0000098362NYSELarge AcceleratedBall & Roller BearingsOhioFY ends Dec 31

Period

FY 2025

Revenue

$4.58B

Net Income

$288.40M

Total Assets

$6.68B

Equity

$3.18B

Shares Out

69.54M

Op. Cash Flow

$554.30M

Business

TIMKEN CO designs and manages a portfolio of engineered bearings and industrial motion products and provides related technical and repair services. It offers engineered bearings (tapered, spherical, cylindrical, ball, plain and housed), linear motion systems, industrial drives, automatic lubrication, belts, chains, couplings, clutches and brakes, seals, filtration and other specialized motion components. The business is organized principally into Engineered Bearings and Industrial Motion Products segments, supported by global technology, manufacturing and service centers. Timken sells worldwide through internal sales teams, authorized distributors and service centers to industrial, automotive, energy, rail, aerospace and other end markets.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	4,582	4,573	4,769	4,497	4,133
Cost of products sold	3,189	3,132	3,260	3,165	2,984
Selling, general and administrative expenses	748	752	741	637	581
Amortization of intangible assets	79	78	66	44	47
Impairment and restructuring charges	25	13	46	44	9
Gain on sale of real estate	0	−14	0	0	—
Operating Income	541	611	657	607	513
Interest expense	−110	−125	−111	−75	—
Interest income	10	15	9	4	2
Non-service pension and other postretirement expense	−16	−3	−24	9	18
Other expense, net	−9	−4	−1	6	2
Income Before Income Taxes	416	494	531	551	477
Provision for income taxes	99	119	123	134	95
Net Income	317	375	408	417	382
Less: Net income attributable to noncontrolling interest	29	23	14	10	12
Net Income Attributable to The Timken Company	288	353	394	407	369
Basic earnings per share (in dollars per share)	4.13	5.02	5.52	5.54	4.86
Diluted earnings per share (in dollars per share)	4.11	4.99	5.47	5.48	4.79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	364	373	419	332	257
Restricted cash	1	400,000	400,000	9	800,000
Accounts receivable, net	689	665	672	700	626
Unbilled receivables	138	141	145	104	105
Inventories, net	1,243	1,196	1,229	1,191	1,043
Deferred charges and prepaid expenses	46	40	42	44	32
Other current assets	119	103	129	124	150
Total Current Assets	2,601	2,517	2,635	2,504	2,214
Property, Plant and Equipment, Net	1,358	1,307	1,312	1,207	1,055
Goodwill	1,486	1,383	1,370	1,098	1,023
Other intangible assets, net	1,002	1,007	1,031	765	669
Operating lease assets	153	131	120	101	119
Deferred income taxes	53	41	44	71	68
Other non-current assets	24	26	30	25	24
Total Other Assets	2,718	2,587	2,595	2,061	1,902
Total Assets	6,677	6,411	6,542	5,772	5,171
Accounts payable, trade	353	322	367	404	430
Short-term debt, including current portion of long-term debt	39	13	606	49	54
Salaries, wages and benefits	158	142	162	155	136
Income taxes payable	31	24	20	51	26
Other current liabilities	341	319	317	353	251
Total Current Liabilities	922	821	1,471	1,012	897
Long-term debt	1,883	2,050	1,790	1,914	—
Accrued pension benefits	149	158	172	160	156
Accrued postretirement benefits	29	30	30	31	46
Long-term operating lease liabilities	101	84	79	65	78
Deferred income taxes	147	175	187	140	121
Other non-current liabilities	100	110	110	96	85
Total Non-Current Liabilities	2,409	2,606	2,368	2,407	1,896
Class I and II Serial Preferred Stock without par value: Authorized - 10,000,000 shares each class, none issued	0	0	0	0	0
Common stock without par value: Authorized - 200,000,000 shares Issued (including shares in treasury) (2025 79,611,543 shares; 2024 79,173,667 shares) Stated capital	41	41	41	41	41
Other paid-in capital	1,300	1,269	1,077	830	787
Retained earnings	2,679	2,489	2,232	1,932	1,616
Accumulated other comprehensive loss	−97	−302	−147	−182	−23
Treasury shares at cost (2025 10,076,175 shares; 2024 9,174,863 shares)	−738	−671	−620	−352	−126
Total Shareholders Equity	3,185	2,827	2,582	2,268	2,295
Noncontrolling interest	161	158	120	85	83
Total Equity	3,346	2,984	2,702	2,353	2,378
Total Liabilities and Equity	6,677	6,411	6,542	5,772	5,171

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	230	222	201	164	168
Impairment charges	100,000	4	33	38	5
(Gain) loss on sale of assets	−2	−14	1	−2	1
Gain on acquisitions and divestitures	0	0	−3	4	−900,000
Deferred income tax benefit	−27	−35	−12	−4	−15
Stock-based compensation expense	28	26	31	30	20
Pension and other postretirement expense	18	5	27	−600,000	−7
Pension and other postretirement benefit contributions and payments	−39	−26	−30	−15	−25
Accounts receivable	4	−14	72	−74	−56
Unbilled receivables	3	3	−40	−26	6
Inventories	−3	10	72	−146	−216
Accounts payable, trade	18	−37	−57	−10	77
Other accrued expenses	28	−7	−48	92	55
Income taxes	−19	−28	−108	16	9
Other, net	−3	−7	−1	−22	−16
Net Cash Provided by Operating Activities	554	476	545	464	387
Capital expenditures	−148	−170	−188	−178	−148
Acquisitions, net of cash acquired of $8.9 million in 2024 and $30.0 million in 2023	0	−167	−639	−454	−8
Proceeds from disposals of property, plant and equipment	5	18	2	10	600,000
Proceeds from divestitures, net of cash divested of $0.7 million in 2023	0	300,000	14	34	0
Investments in short-term marketable securities, net	−5	15	6	15	−18
Other	−100,000	−300,000	−900,000	700,000	−600,000
Net Cash Used in Investing Activities	−148	−305	−807	−573	−174
Cash dividends paid to shareholders	−98	−96	−94	−92	−92
Purchase of treasury shares	−57	−41	−251	−212	−93
Proceeds from exercise of stock options	2	6	22	9	26
Payments related to tax withholding for stock-based compensation	−10	−10	−17	−11	−24
Proceeds from long-term debt	97	1,858	1,565	1,400	325
Payments on long-term debt	−366	−1,839	−1,329	−979	−338
Deferred financing costs	−300,000	−6	−500,000	−7	0
Accounts receivable facility financing borrowings	369	366	104	297	311
Accounts receivable facility financing payments	−369	−433	−122	−212	−369
Short-term debt activity, net	12	−230	190	7	−15
Noncontrolling interest dividends paid	−15	−1	−600,000	−500,000	−500,000
Proceeds from the sale of shares in Timken India Limited	0	232	285	0	0
Other	−1	−1	−4	7	0
Net Cash (Used in) Provided by Financing Activities	−437	−195	347	207	−269
Effect of exchange rate changes on cash	23	−22	−7	−15	−7
(Decrease) Increase In Cash, Cash Equivalents and Restricted Cash	−8	−46	79	83	−63

Filings

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