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(Dollars in millions, except per share data) |
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Income Statement |
2012 |
2011 |
2010 |
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Net Sales |
$4,987.0 |
$5,170.2 |
$4,055.5 |
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Income From Continuing Operations Attributable to The Timken Co |
$495.9 |
$456.6 |
$269.5 |
|
Income from Discontinued Ops - Net of Taxes |
$0.0 |
$0.0 |
$7.4 |
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Net Income Attributable to The Timken Co |
$495.5 |
$454.3 |
$274.8 |
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Earnings Per Share: |
|
Diluted Earnings per Share |
|
Continued Operations |
$5.07 |
$4.59 |
$2.73 |
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Discontinued Operations |
- |
- |
0.08 |
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Net Income Per Share |
$5.07 |
$4.59 |
$2.81 |
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Balance Sheet |
2012 |
2011 |
2010 |
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Assets |
|
Total Current Assets |
$2,174.1 |
$2,292.9 |
$2,399.2 |
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Net PP&E |
1,405.3 |
1,308.9 |
1,267.7 |
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Total other Assets |
665.3 |
725.6 |
513.5 |
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Total Assets |
$4,244.7 |
$4,327.4 |
$4,180.4 |
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Liabilities and Shareholders' Equity |
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Total Current Liabilities |
$667.9 |
$819.9 |
$711.0 |
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Long-Term Debt |
455.1 |
478.8 |
481.7 |
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Total Liabilities |
1,998.1 |
2,284.9 |
2,238.6 |
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Total Shareholders' Equity |
2,232.2 |
2,028.3 |
1,925.0 |
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Total Liabilities & Shareholders' Equity |
$4,244.7 |
$4,327.4 |
$4,180.4 |
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Cash Flow |
2012 |
2011 |
2010 |
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Net Cash Provided by Operating Activities |
$625.9 |
$211.7 |
$312.7 |
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Net Cash Used by Investing Activities |
($297.7) |
($508.0) |
($152.9) |
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Net Cash Used by Financing Activities |
($210.4) |
($106.6) |
($32.9) |
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Free cash flow (1) |
$239.7 |
($69.6) |
$145.6 |
(1) Management believes that free cash flow is useful to investors because it is a meaningful indicator of cash generated from operating activities that is available for the execution of its business strategy. Free cash flow is defined as net cash provided by operating activities, less capital expenditures and cash dividends paid to shareholders. A reconciliation of this measure can be found under the cash flow summary.