TIMKEN CO
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
TKR$108.83+6.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Shareholders' Equity
| The Timken Company Shareholders | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars in millions, except per share data) · Total · StatedCapital · OtherPaid-InCapital · Retained Earnings · AccumulatedOtherComprehensive(Loss) Income · TreasuryShares · Non-controllingInterest | ||||||||||
| Balance at January 1, 2021 | $2,225.2 | $40.7 | $740.7 | $1,339.5 | $41.3 | $(9.3) | $72.3 | |||
| Net income | 381.5 | 369.1 | 12.4 | |||||||
| Foreign currency translation adjustments | (63.7) | (62.3) | (1.4) | |||||||
| Pension and other postretirement liability adjustments (net of $2.3 million income tax benefit) | (6.8) | (6.8) | ||||||||
| Change in fair value of derivative financial instruments, net of reclassifications | 4.8 | 4.8 | ||||||||
| Dividends declared to noncontrolling interest | (0.5) | (0.5) | ||||||||
| Dividends – $1.19 per share | (92.2) | (92.2) | ||||||||
| Stock-based compensation expense | 20.2 | 20.2 | ||||||||
| Purchase of treasury shares | (93.0) | (93.0) | ||||||||
| Stock option exercise activity | 26.0 | 26.0 | ||||||||
| Payments related to tax withholding for stock-based compensation | (23.8) | (23.8) | ||||||||
| Balance at December 31, 2021 | $2,377.7 | $40.7 | $786.9 | $1,616.4 | $(23.0) | $(126.1) | $82.8 | |||
| Net income | 417.0 | 407.4 | 9.6 | |||||||
| Foreign currency translation adjustments | (162.7) | (155.4) | (7.3) | |||||||
| Pension and other postretirement liability adjustments (net of $1.9 million income tax benefit) | (5.8) | (5.8) | ||||||||
| Change in fair value of derivative financial instruments, net of reclassifications | 2.3 | 2.3 | ||||||||
| Dividends declared to noncontrolling interest | (0.5) | (0.5) | ||||||||
| Dividends – $1.23 per share | (91.7) | (91.7) | ||||||||
| Stock-based compensation expense | 30.4 | 30.4 | ||||||||
| Purchase of treasury shares | (211.6) | (211.6) | ||||||||
| Shares surrendered for stock option activity | — | 3.8 | (3.8) | |||||||
| Stock option exercise activity | 8.5 | 8.5 | ||||||||
| Payments related to tax withholding for stock-based compensation | (10.7) | (10.7) | ||||||||
| Balance at December 31, 2022 | $2,352.9 | $40.7 | $829.6 | $1,932.1 | $(181.9) | $(352.2) | $84.6 | |||
| Net income | 408.0 | 394.1 | 13.9 | |||||||
| Foreign currency translation adjustments | 33.5 | 35.3 | (1.8) | |||||||
| Pension and other postretirement liability adjustments (net of $2.0 million income tax benefit) | (6.1) | (6.1) | ||||||||
| Change in fair value of derivative financial instruments, net of reclassifications | (0.8) | (0.8) | ||||||||
| Dividends declared to noncontrolling interest | (0.6) | (0.6) | ||||||||
| Dividends – $1.30 per share | (94.0) | (94.0) | ||||||||
| Sale of shares of Timken India Limited | 229.0 | 194.5 | 8.1 | 26.4 | ||||||
| Other ownership changes | (4.0) | (1.5) | (2.5) | |||||||
| Stock-based compensation expense | 30.6 | 30.6 | ||||||||
| Purchase of treasury shares | (250.9) | (250.9) | ||||||||
| Stock option exercise activity | 21.8 | 21.8 | ||||||||
| Payments related to tax withholding for stock-based compensation | (17.0) | (17.0) | ||||||||
| Balance at December 31, 2023 | $2,702.4 | $40.7 | $1,076.5 | $2,232.2 | $(146.9) | $(620.1) | $120.0 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.