Timken (TKR) FY2021 results: revenue $4.1 billion, up 17.6% on the year
Timken Co. (TKR) reported revenue of $4.1 billion for fiscal 2021, the year ended 31 December 2021, up 17.6% on the year before. Net income was $369 million, up 29.7%, and diluted earnings per share $4.79. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$4.1 billion
+17.6% on the year
FY2014FY2021
Operating margin
12.4%
12.9% a year earlier
FY2014FY2021
Net income
$369 million
+29.7% on the year
FY2014FY2021
Diluted EPS
$4.79
+28.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
387
578
550
-32.9%
Capital expenditure
148
122
141
+22.0%
Free cash flow
239
456
410
-47.6%
Free cash flow margin
5.8%
13.0%
10.8%
Cash from investing
-174
-154
-365
Cash from financing
-269
-331
-101
Depreciation and amortisation
168
167
161
+0.4%
Share-based compensation
20.2
23.2
27.1
-12.9%
Buybacks
93.0
49.3
62.7
+88.6%
Dividends paid
92.2
87.0
84.9
+6.0%
Dividend per share
$1.19
$1.13
$1.12
+5.3%
Diluted shares, weighted
77m
76m
77m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,295
2,153
1,868
+6.6%
Non-controlling interest
82.8
72.3
86.6
+14.5%
Debt
1,465
1,565
1,730
-6.4%
Operating lease liabilities
77.6
75.5
71.3
+2.8%
Finance lease liabilities
2.9
2.9
2.9
0.0%
Other liabilities
1,248
1,173
1,101
+6.3%
Total liabilities and equity
5,171
5,042
4,860
+2.6%
Fixed assets
1,055
1,036
989
+1.9%
Goodwill
1,023
1,048
994
-2.4%
Intangible assets
669
741
758
-9.8%
Investments
n/a
n/a
25.8
Cash and equivalents
257
320
210
-19.7%
Receivables
626
581
545
+7.8%
Inventory
1,043
841
842
+23.9%
Other assets
498
474
496
+4.9%
Total assets
5,171
5,042
4,860
+2.6%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.