TIMKEN CO

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About 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.

FY2024 · Filed Feb 20, 2025

TKR$108.83+6.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
	2024	2023
(Dollars in millions)
ASSETS
Current Assets
Cash and cash equivalents	$373.2	$418.9
Restricted cash	0.4	0.4
Accounts receivable, less allowances: (2024 - $21.5 million; 2023 - $17.1 million)	664.6	671.7
Unbilled receivables	140.8	144.5
Inventories, net	1,195.6	1,229.1
Deferred charges and prepaid expenses	39.5	41.5
Other current assets	102.8	128.8
Total Current Assets	2,516.9	2,634.9
Property, Plant and Equipment, Net	1,306.9	1,311.9
Other Assets
Goodwill	1,383.3	1,369.6
Other intangible assets, net	1,006.5	1,031.4
Operating lease assets	130.6	119.7
Deferred income taxes	41.0	44.3
Other non-current assets	25.8	29.9
Total Other Assets	2,587.2	2,594.9
Total Assets	$6,411.0	$6,541.7
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable, trade	$321.7	$367.2
Short-term debt, including current portion of long-term debt	13.0	605.6
Salaries, wages and benefits	142.2	161.5
Income taxes payable	24.4	19.9
Other current liabilities	319.2	317.1
Total Current Liabilities	820.5	1,471.3
Non-Current Liabilities
Long-term debt	2,049.7	1,790.3
Accrued pension benefits	157.7	172.3
Accrued postretirement benefits	29.8	30.2
Long-term operating lease liabilities	84.0	78.7
Deferred income taxes	175.0	186.5
Other non-current liabilities	110.2	110.0
Total Non-Current Liabilities	2,606.4	2,368.0
Shareholders’ Equity
Class I and II Serial Preferred Stock without par value:
Authorized - 10,000,000 shares each class, none issued	—	—
Common stock without par value:
Authorized - 200,000,000 shares
Issued (including shares in treasury) (2024 – 79,173,667 shares; 2023 – 78,680,164 shares)
Stated capital	40.7	40.7
Other paid-in capital	1,269.3	1,076.5
Retained earnings	2,488.8	2,232.2
Accumulated other comprehensive loss	(301.7)	(146.9)
Treasury shares at cost (2024 – 9,174,863 shares; 2023 – 8,553,272 shares)	(670.6)	(620.1)
Total Shareholders’ Equity	2,826.5	2,582.4
Noncontrolling interest	157.6	120.0
Total Equity	2,984.1	2,702.4
Total Liabilities and Equity	$6,411.0	$6,541.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.