XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Statement of Cash Flows [Abstract]    
Shares Surrendered for Taxes $ 10.8 $ 1.6
Operating Activities    
Net Income (loss) attributable to The Timken Company 174.2 147.7
Net (loss) income attributable to noncontrolling interest 0.0 0.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 102.5 98.3
Impairment charges 0.0 3.8
Loss on sale of assets (2.6) 0.8
Deferred income tax provision 7.5 4.6
Stock-based compensation expense 18.2 10.9
Pension and other postretirement expense 12.6 14.5
Pension contributions and other postretirement benefit payments (16.3) (22.3)
Changes in operating assets and liabilities:    
Accounts receivable (61.6) 12.2
Inventories (85.4) (13.6)
Accounts payable, trade 55.7 15.0
Other accrued expenses 15.9 (17.5)
Income taxes (59.6) 22.9
Other, net (18.2) 1.1
Net Cash Provided by Operating Activities 142.9 278.7
Investing Activities    
Capital expenditures (62.5) (84.4)
Acquisitions, net of cash received 347.2 62.8
Proceeds from disposals of property, plant and equipment 6.8 1.5
Common Stock, Value, Outstanding (4.2) 2.1
Other (0.3) 0.3
Net Cash Used by Investing Activities (407.4) (143.3)
Financing Activities    
Cash dividends paid to shareholders (62.4) (61.4)
Purchase of treasury shares (41.0) (83.3)
Net proceeds from common share activity 27.7 0.7
Proceeds from Issuance of Long-term Debt 862.7 275.5
Proceeds from Accounts Receivable Securitization 51.2 50.0
Repayments of Accounts Receivable Securitization 25.3 30.1
Payments on long-term debt (574.4) (290.1)
Payments of Financing Costs 1.1 0.0
Short-term debt activity, net 12.8 (1.4)
Increase (Decrease) in Restricted Cash (0.5) (2.5)
Proceeds from (Payments for) Other Financing Activities (2.6) 4.5
Net Cash Used by Financing Activities 236.3 (139.7)
Effect of exchange rate changes on cash 16.6 3.7
(Decrease) increase In Cash and Cash Equivalents (11.6) (0.6)
Cash and cash equivalents beginning of period 148.8 129.6
Cash and cash equivalents end of period $ 137.2 $ 129.0