Timken (TKR) FY2022 results: revenue $4.5 billion, up 8.8% on the year
Timken Co. (TKR) reported revenue of $4.5 billion for fiscal 2022, the year ended 31 December 2022, up 8.8% on the year before. Net income was $407 million, up 10.4%, and diluted earnings per share $5.48. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$4.5 billion
+8.8% on the year
FY2015FY2022
Operating margin
13.5%
12.4% a year earlier
FY2015FY2022
Net income
$407 million
+10.4% on the year
FY2015FY2022
Diluted EPS
$5.48
+14.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
464
387
578
+19.8%
Capital expenditure
178
148
122
+20.3%
Free cash flow
285
239
456
+19.4%
Free cash flow margin
6.3%
5.8%
13.0%
Cash from investing
-573
-174
-154
Cash from financing
207
-269
-331
Depreciation and amortisation
164
168
167
-2.3%
Share-based compensation
30.4
20.2
23.2
+50.5%
Buybacks
212
93.0
49.3
+127.5%
Dividends paid
91.7
92.2
87.0
-0.5%
Dividend per share
$1.23
$1.19
$1.13
+3.4%
Diluted shares, weighted
74m
77m
76m
-3.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,268
2,295
2,153
-1.2%
Non-controlling interest
84.6
82.8
72.3
+2.2%
Debt
1,963
1,465
1,565
+34.0%
Operating lease liabilities
65.2
77.6
75.5
-16.0%
Finance lease liabilities
1.9
2.9
2.9
-34.5%
Other liabilities
1,389
1,248
1,173
+11.3%
Total liabilities and equity
5,772
5,171
5,042
+11.6%
Fixed assets
1,207
1,055
1,036
+14.4%
Goodwill
1,098
1,023
1,048
+7.4%
Intangible assets
765
669
741
+14.4%
Cash and equivalents
332
257
320
+29.0%
Receivables
700
626
581
+11.7%
Inventory
1,191
1,043
841
+14.3%
Other assets
479
498
474
-3.8%
Total assets
5,772
5,171
5,042
+11.6%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.