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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net Income (loss) attributable to The Timken Company $ 38.2 $ 65.9
Net (loss) income attributable to noncontrolling interest (0.1) (0.1)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32.9 32.6
Impairment charges 0.0 2.6
Loss on sale of assets 0.1 0.6
Continued Dumping on Subsidy Offset Act Receivable 0.0 (48.1)
Deferred income tax provision 1.5 2.2
Stock-based compensation expense 5.6 4.6
Pension and other postretirement expense 7.2 4.9
Pension contributions and other postretirement benefit payments (6.1) (10.2)
Changes in operating assets and liabilities:    
Accounts receivable (50.3) (4.9)
Inventories (6.5) (0.1)
Accounts payable, trade 48.6 16.5
Other accrued expenses (28.4) (30.3)
Income taxes 6.7 21.7
Other, net (2.7) (9.3)
Net Cash Provided by Operating Activities 46.7 48.6
Investing Activities    
Capital expenditures (19.3) (24.2)
Acquisitions, net of cash received 0.6 0.0
Proceeds from disposals of property, plant and equipment 0.1 0.0
Increase (Decrease) in Marketable Securities, Restricted (6.8) (0.5)
Other (0.3) 0.1
Net Cash Used by Investing Activities (26.9) (24.6)
Financing Activities    
Cash dividends paid to shareholders (20.3) (20.7)
Purchase of treasury shares (8.1) (35.0)
Net proceeds from common share activity 16.6 0.3
Shares Surrendered for Taxes (8.2) (1.5)
Proceeds from Issuance of Long-term Debt 48.5 90.0
Proceeds from Accounts Receivable Securitization 23.1 10.0
Repayments of Accounts Receivable Securitization 10.0 11.0
Payments on long-term debt (90.3) (45.0)
Short-term debt activity, net 5.8 (12.8)
Increase (Decrease) in Restricted Cash (0.1) 0.0
Proceeds from (Payments for) Other Financing Activities 0.0 4.8
Net Cash Used by Financing Activities (43.0) (20.9)
Effect of exchange rate changes on cash 3.9 4.6
(Decrease) increase In Cash and Cash Equivalents (19.3) 7.7
Cash and cash equivalents beginning of period 148.8 129.6
Cash and cash equivalents end of period $ 129.5 $ 137.3