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Below are the financial statements of Timken, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Timken, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 373.2a | 418.9a |
| Restricted cash | 0.4a | 0.4a |
| Accounts receivable, less allowances | 664.6a | 671.7a |
| Unbilled receivables | 140.8a | 144.5a |
| Inventories, net | 1,195.6a | 1,229.1a |
| Deferred charges and prepaid expenses | 39.5a | 41.5a |
| Other current assets | 102.8a | 128.8a |
| Total current assets | 2,516.9a | 2,634.9a |
| Property, plant and equipment, net | 1,306.9a | 1,311.9a |
| Other assets | — | — |
| Goodwill | 1,383.3a | 1,369.6a |
| Other intangible assets, net | 1,006.5a | 1,031.4a |
| Operating lease assets | 130.6a | 119.7a |
| Deferred income taxes | 41a | 44.3a |
| Other non-current assets | 25.8a | 29.9a |
| Total other assets | 2,587.2a | 2,594.9a |
| Total assets | 6,411a | 6,541.7a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Accounts payable, trade | 321.7a | 367.2a |
| Short-term debt, including current portion of long-term debt | 13a | 605.6a |
| Salaries, wages and benefits | 142.2a | 161.5a |
| Income taxes payable | 24.4a | 19.9a |
| Other current liabilities | 319.2a | 317.1a |
| Total current liabilities | 820.5a | 1,471.3a |
| Non-current liabilities | — | — |
| Long-term debt | 2,049.7a | 1,790.3a |
| Accrued pension benefits | 157.7a | 172.3a |
| Accrued postretirement benefits | 29.8a | 30.2a |
| Long-term operating lease liabilities | 84a | 78.7a |
| Deferred income taxes | 175a | 186.5a |
| Other non-current liabilities | 110.2a | 110a |
| Total non-current liabilities | 2,606.4a | 2,368a |
| Shareholders’ equity | — | — |
| Class I and II serial preferred stock without par value | 0a | 0a |
| Common stock without par value | — | — |
| Stated capital | 40.7a | 40.7a |
| Other paid-in capital | 1,269.3a | 1,076.5a |
| Retained earnings | 2,488.8a | 2,232.2a |
| Accumulated other comprehensive loss | -301.7a | -146.9a |
| Treasury shares at cost | -670.6a | -620.1a |
| Total shareholders’ equity | 2,826.5a | 2,582.4a |
| Noncontrolling interest | 157.6a | 120a |
| Total equity | 2,984.1a | 2,702.4a |
| Total liabilities and equity | 6,411a | 6,541.7a |
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