TIMKEN CO
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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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
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) · TreasuryShares · Non-controllingInterest | |||||||||||
| Balance at January 1, 2022 | $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) | |||||||||
| Year Ended December 31, 2023 | $2,702.4 | $40.7 | $1,076.5 | $2,232.2 | $(146.9) | $(620.1) | $120.0 | ||||
| Net income | 375.3 | 352.7 | 22.6 | ||||||||
| Foreign currency translation adjustments | (161.2) | (156.4) | (4.8) | ||||||||
| Pension and other postretirement liability adjustments (net of $2.0 million income tax benefit) | (6.0) | (6.0) | |||||||||
| Change in fair value of derivative financial instruments, net of reclassifications | 2.0 | 2.0 | |||||||||
| Dividends declared to noncontrolling interest | (1.1) | (1.1) | |||||||||
| Dividends – $1.35 per share | (96.1) | (96.1) | |||||||||
| Sale of shares of Timken India Limited | 186.8 | 161.3 | 5.6 | 19.9 | |||||||
| Other ownership changes | 1.0 | 1.0 | |||||||||
| Stock-based compensation expense | 25.9 | 25.9 | |||||||||
| Purchase of treasury shares | (40.5) | (40.5) | |||||||||
| Stock option exercise activity | 5.6 | 5.6 | |||||||||
| Payments related to tax withholding for stock-based compensation | (10.0) | (10.0) | |||||||||
| Balance at December 31, 2024 | $2,984.1 | $40.7 | $1,269.3 | $2,488.8 | $(301.7) | $(670.6) | $157.6 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.