TIMKEN CO TKR Cash Flow

Timken co (TKR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH PROVIDED (USED)
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
84,000	117,800	66,700	94,900	95,300	60,800	72,300	92,200	80,200	28,100	53,500	82,500	38,200	-6,900	33,600	48,200	65,900	223,700	63,400	36,700	-135,200	46,500	-21,900	62,700	83,500	52,600	52,200	82,800	75,100	75,300	80,900	183,600	155,700	109,100	111,000	121,500	112,700	90,300	70,300	85,600	28,600
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,300	-11,000	6,200	23,500	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-1,100	4,200	300
Net (loss) income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	300	-	600	-500	-100	0	400	0	-100	300	1,100	1,000	400	400	700	1,100	300	100	300	0	-100	100	200	-200	300	-800	1,200	800	1,100	300	800	600	400
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
42,300	40,200	39,200	41,700	39,500	40,100	35,100	35,000	35,800	35,200	35,700	33,900	32,900	33,400	33,300	32,400	32,600	33,000	32,200	32,100	33,500	33,600	34,100	34,200	35,100	36,100	34,700	23,200	48,400	800	49,000	50,000	49,800	49,600	49,100	46,400	47,400	47,500	47,000	47,500	47,700
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,200	0	2,600	0	0	600	2,700	100	98,000	800	0	-	-	-	-	-	-	-	-	0	100	1,400	1,800	-	-	-	-
Loss on sale of assets
-1,200	2,600	-600	-200	1,800	-100	700	-300	-600	-500	1,500	1,200	-100	-800	0	-200	-600	-9,700	-400	-1,400	-300	-700	-1,300	-800	23,000	3,400	-200	-1,500	-600	-1,600	-700	-1,300	-1,600	-1,500	-200	1,200	-100	-2,800	-1,400	-1,400	-900
Excess tax benefit related to stock-based compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	1,000	700	3,300	700	2,400	500	600	5,300	4,500	-	-	-	-	-	-	-	-	-	-	-	-
Continued Dumping on Subsidy Offset Act Receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41,900	48,100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax provision
-5,100	-10,600	-100	1,400	400	-23,600	2,100	300	-200	-7,900	-200	6,200	1,500	-19,600	1,800	600	2,200	58,900	7,300	-4,000	-84,400	-36,700	-33,100	16,500	0	-11,300	-73,000	51,600	-300	47,000	40,400	4,600	-400	75,800	6,500	41,900	300	43,500	-1,800	-4,600	21,700
Stock-based compensation expense
5,600	6,400	5,800	7,100	7,800	6,800	7,700	7,500	10,300	6,500	7,800	4,800	5,600	3,200	4,200	2,100	4,600	4,300	5,000	5,000	4,100	3,300	4,800	6,100	7,600	5,900	3,200	3,100	4,100	2,500	4,100	4,900	4,400	3,800	3,900	5,800	3,400	4,800	3,600	4,000	4,500
Pension and other postretirement expense
300	-21,000	17,400	2,900	2,900	12,200	6,900	-400	2,000	16,300	2,700	2,700	7,200	69,500	4,800	4,800	4,900	-156,200	13,500	12,900	225,100	39,500	7,600	5,400	9,500	13,000	13,400	6,200	22,500	-6,600	19,700	29,400	21,000	19,100	18,600	14,900	22,300	24,100	23,100	20,700	25,200
Pension contributions and other postretirement benefit payments
5,500	6,300	28,200	4,000	4,900	6,300	3,600	2,700	6,100	7,600	4,100	6,100	6,100	2,400	8,000	4,100	10,200	6,300	6,600	10,000	6,900	2,300	6,600	23,400	17,600	13,100	8,400	-45,200	117,100	-58,700	173,900	121,200	104,700	10,800	113,400	165,800	166,000	172,600	30,800	14,900	118,700
Operating Lease, Expense
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Payments
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
47,600	-30,500	-29,500	-29,100	65,000	700	-20,700	14,300	72,100	-19,300	15,600	-4,300	50,300	-8,100	-7,500	-9,600	4,900	-13,800	-20,800	-6,900	29,600	-4,300	13,300	15,500	23,800	-200	-33,100	-23,900	61,800	5,500	-88,300	-37,500	112,000	-76,300	-3,800	42,100	149,600	-36,100	37,100	21,700	82,100
Increase (Decrease) in Contract with Customer, Asset
8,300	-	-	-	6,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Unbilled Receivables
-	-	-	-	-	-15,800	9,800	16,300	11,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-300	-12,900	-21,200	-20,700	4,100	-7,200	14,400	26,100	53,800	46,700	47,300	31,600	6,500	-23,700	5,400	8,100	100	-46,000	-9,900	-10,000	12,800	-25,300	12,300	19,900	19,900	-35,900	3,100	25,500	-27,300	-22,400	-20,100	-36,500	21,400	3,400	35,600	6,200	80,400	54,800	49,500	23,200	22,500
Accounts payable, trade
0	27,300	-20,800	-6,800	20,200	-10,300	-1,500	-6,100	-2,300	15,000	5,200	1,900	48,600	-2,800	2,500	-4,000	16,500	-15,400	-1,900	1,000	27,900	-39,300	10,400	18,800	18,100	-1,000	-10,500	0	12,400	-19,000	-14,900	-24,200	22,100	-24,400	-7,600	-7,900	54,800	5,000	32,900	1,000	66,500
Other accrued expenses
-34,300	1,900	16,400	12,900	-58,000	22,000	12,600	36,300	-38,700	20,400	13,900	30,400	-28,400	14,700	-8,600	21,400	-30,300	9,900	-2,900	8,800	-63,500	18,500	-10,900	55,500	-52,000	20,300	14,200	800	-74,900	37,700	2,700	26,200	-103,400	31,400	36,500	42,500	-81,300	22,500	30,400	23,200	-7,800
Income taxes
12,500	-23,200	8,400	-24,100	24,700	2,400	3,300	-17,400	13,600	23,400	-2,900	-63,400	6,700	600	-3,500	4,700	21,700	-63,900	-20,400	-10,800	54,700	15,700	21,700	-63,800	11,100	41,100	24,800	-29,900	31,500	-46,000	-3,600	44,700	58,200	-43,400	32,800	-21,200	41,000	-	-	-	22,500
Other, net
-11,400	2,300	12,400	-9,900	-1,900	-10,100	-5,300	-14,100	2,400	8,700	19,400	-3,900	2,700	-2,800	-4,600	-5,800	9,300	-3,400	-19,000	2,600	-1,700	-5,100	-2,100	-11,400	4,300	900	8,300	6,800	1,000	-26,000	-10,000	-2,000	9,900	-2,500	11,600	-3,900	5,200	18,600	8,300	-14,700	800
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108,700	90,300	83,800	-1,300	-	-	-	-	-	-	-	-	-	-	-	-	-4,700	150,500	173,700	-14,200
Cash Provided by (Used in) Operating Activities, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,900	-11,000	-7,900	41,500	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-1,100	4,200	300
Net Cash Provided by Operating Activities
56,200	195,300	144,900	157,600	52,300	137,500	137,200	102,100	-44,300	93,900	28,400	67,800	46,700	125,200	74,600	155,500	48,600	134,000	140,800	88,500	17,000	111,600	79,300	75,900	40,200	180,100	112,400	175,300	-37,800	257,600	130,100	275,100	-38,700	276,800	95,500	34,700	-197,600	-700	149,400	177,900	-13,900
Investing Activities
Capital expenditures
31,800	57,700	43,700	23,000	16,200	49,800	23,200	21,800	17,800	42,200	22,600	20,600	19,300	53,100	34,000	26,200	24,200	40,500	21,600	23,800	19,700	39,700	38,600	29,400	19,100	42,000	27,700	500	63,400	-69,000	72,000	69,300	46,000	99,300	46,400	39,500	20,100	54,600	22,200	25,000	14,000
Acquisitions, net of cash received
0	143,800	-300	80,100	2,900	0	765,400	0	0	-400	283,100	63,500	600	9,800	62,100	700	0	-	-	-	-	-	-	-	-	-300	-2,800	52,900	14,400	20,500	0	0	200	-	-	-	-	-	-	-	-
Proceeds from disposal of property, plant and equipment
0	-	-	-	2,100	-	-	-	100	300	4,300	2,400	100	0	1,400	100	0	-1,200	5,400	2,800	2,800	3,400	3,900	5,400	5,800	6,000	100	400	600	0	400	500	900	0	500	4,800	400	900	500	300	200
Increase (Decrease) in Marketable Securities, Restricted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-400	500	-	3,200	300	-2,900	-1,000	3,300	-4,500	-2,700	100	1,400	1,000	-8,000	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Marketable Securities
-	-	-	-	-	-	-	-	-	-600	-2,900	300	6,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-700	-17,500	-	10,600	0	13,300	-	-	-	-
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities
-	-	-	-	-	-	-	-	3,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-200	3,300	-1,000	-5,000	2,600	3,800	-300	-3,600	0	400	0	0	300	100	-200	0	-100	0	-300	800	0	0	-600	900	-300	400	-700	-700	-100	-500	-900	-4,000	1,400	-800	1,100	-1,100	-800	500	2,000	-2,400	1,300
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37,600	-37,400	-32,400	-10,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by (Used in) Investing Activities, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-42,300	-34,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used by Investing Activities
-31,600	-202,700	-42,400	-100,200	-19,600	-54,900	-774,300	-22,000	-14,000	-41,300	-298,500	-82,000	-26,900	-67,700	-92,300	-26,400	-24,600	3,600	-235,500	-19,300	-14,000	-37,600	-37,400	-74,700	-45,000	-109,400	-63,000	-134,500	-69,100	-132,700	-71,700	-64,100	-29,200	-190,500	-256,500	-28,800	-32,200	-45,700	-69,800	-22,300	-15,100
Financing Activities
Cash dividends paid to shareholders
22,900	21,100	21,200	21,300	21,300	21,500	21,500	21,600	21,100	20,900	21,000	21,100	20,300	20,200	20,300	20,400	20,700	21,300	21,700	22,100	21,900	22,100	22,500	22,600	23,100	21,500	21,800	22,100	22,100	22,200	21,900	22,400	22,500	19,400	19,500	19,500	17,600	17,500	12,500	12,600	8,700
Purchase of treasury shares
42,300	6,600	32,500	15,300	8,300	35,500	13,400	26,900	22,700	2,400	14,000	18,900	8,100	17,700	15,100	33,200	35,000	81,800	50,700	80,400	96,800	4,400	115,200	33,600	117,700	81,900	25,500	81,800	0	0	60,600	25,500	26,200	0	18,500	0	25,300	0	0	15,200	14,000
Assets for Plan Benefits, Defined Benefit Plan
7,500	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Surrendered for Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from common share activity
-	-	-	-	-	-	-	2,200	8,400	-	2,000	9,100	16,600	3,600	300	100	300	100	0	2,900	1,100	100	11,100	2,000	3,600	200	2,100	4,300	6,500	-6,400	400	7,200	12,600	-6,800	200	8,000	15,200	20,900	10,100	11,100	8,300
Payment, Tax Withholding, Share-based Payment Arrangement
10,200	6,100	1,200	1,700	6,400	0	400	600	4,400	600	1,400	1,200	8,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Accounts Receivable Securitization
10,000	0	0	0	25,000	6,800	93,100	1,100	51,000	5,500	5,100	23,000	23,100	0	20,000	20,000	10,000	0	34,000	82,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Accounts Receivable Securitization
10,000	0	0	0	0	25,000	96,300	3,600	15,000	17,400	13,200	2,100	10,000	20,000	12,100	7,000	11,000	105,000	-38,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to stock-based compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	1,000	700	3,300	700	2,400	500	600	5,300	4,500	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Long-term Debt
200,000	211,800	159,000	85,000	207,000	105,000	1,156,100	55,000	75,000	65,100	384,400	429,800	48,500	65,000	142,400	43,100	90,000	40,000	190,000	35,700	0	-	-	-	-	-	-	-	-	-	-	-	-	200	100	7,700	1,500	2,800	4,400	8,900	2,100
Payments on long-term debt
37,900	152,100	171,300	193,600	116,800	130,700	438,900	51,800	42,400	110,100	388,000	96,100	90,300	55,200	120,100	125,000	45,000	84,500	105,000	0	1,100	100	250,400	0	200	100	0	9,800	0	1,200	10,300	5,400	1,500	4,900	900	1,300	1,800	1,100	3,600	6,500	2,500
Short-term debt activity, net
72,300	-6,800	-14,000	10,600	-6,800	-2,800	-30,200	1,700	24,600	7,100	6,600	400	5,800	8,600	-1,900	13,300	-12,800	7,600	5,600	-3,600	-3,600	-300	-14,900	1,300	4,100	-2,800	14,400	200	-7,000	1,600	4,400	-3,800	-9,900	8,300	-7,400	-8,500	8,600	18,400	-1,400	-24,900	4,100
Increase (Decrease) in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	0	0	-14,600	-4,200	4,500	-500	0	0	0	0	-	-	-	-	-	-	-	-	0	-1,200	0	4,800	-	-	-	-
Other
-	-	-	-	-	-300	-300	100	-1,100	0	-2,600	0	0	4,600	-300	0	4,800	2,900	0	3,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-2,100	600	-4,400	300	-	-	-	-
Net Cash Used by Financing Activities
166,500	36,700	-80,500	-130,300	73,400	-104,200	649,400	-44,400	52,300	-68,600	-43,200	322,900	-42,900	-29,100	-9,700	-109,100	-20,900	-156,900	18,100	12,500	-120,800	-27,100	-88,500	44,300	-130,900	-105,500	-30,700	-95,000	-18,100	-26,800	-88,000	-46,300	-47,500	-18,200	-44,200	-18,000	-23,900	23,500	-6,500	-39,200	-10,700
Effect of exchange rate changes on cash
-13,300	5,000	-7,500	200	900	-300	-3,900	-9,400	900	1,000	5,900	6,800	3,900	-6,100	400	-1,300	4,600	-6,100	-5,200	700	-6,600	-6,300	-10,000	1,000	-600	1,300	2,600	-6,900	-3,500	2,800	5,200	-10,100	5,900	-6,200	-24,700	7,300	14,200	200	30,500	-29,500	-6,500
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
177,800	34,300	14,500	-72,700	107,000	-21,900	8,400	26,300	-5,100	-15,000	-307,400	315,500	-19,200	22,300	-27,000	18,700	7,700	-25,400	-81,800	82,400	-124,400	40,600	-56,600	46,500	-136,300	-33,500	21,300	-61,100	-128,500	100,900	-24,400	154,600	-109,500	61,900	-229,900	-4,800	-239,500	-22,700	103,600	86,900	-46,200