← TERADYNE, INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($43.4m) | $257.7m | $451.8m | $467.5m | $784.1m | $1.0b | $715.5m | $448.8m | $542.4m | $554.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $451.8m | $467.5m | $784.1m | $1.0b | $715.5m | $448.8m | $542.4m | $554.0m | |
| Depreciation, Depletion and Amortization | $120.0m | $108.1m | $113.2m | $120.7m | $126.7m | $125.5m | $110.7m | $110.9m | $119.7m | $128.0m | |
| Amortization | $55.2m | $42.0m | $45.8m | $49.8m | $46.6m | $34.4m | $19.9m | $18.8m | $18.8m | $16.5m | |
| Amortization of Intangible Assets | $52.6m | $30.5m | $39.2m | $40.1m | $30.8m | $21.5m | $19.3m | $19.0m | $18.8m | $15.3m | |
| Depreciation | $64.8m | $66.1m | $67.4m | $70.8m | $80.1m | $91.1m | $90.8m | $92.1m | $101.0m | $111.4m | |
| Deferred Income Tax Expense (Benefit) | ($62.9m) | $37.1m | $28.3m | ($9.5m) | ($15.7m) | ($17.3m) | ($38.7m) | ($37.6m) | ($46.4m) | ($52.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $30.8m | $34.1m | $33.6m | $37.9m | $44.9m | $45.6m | $48.2m | $57.7m | $60.1m | $64.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $12.9m | $20.0m | $14.7m | $23.0m | $32.3m | $33.2m | $20.8m | $14.1m | $15.7m | |
| Share-based Payment Arrangement, Expense | $30.8m | $34.1m | $33.6m | $37.9m | $44.9m | $45.6m | $48.2m | $57.7m | $60.1m | $64.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $15.0m | — | $0 | — | — | $0 | — | |
| Goodwill, Impairment Loss | $254.9m | $0 | — | — | — | — | — | — | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | $83.3m | — | $8.8m | — | $98.9m | $19.2m | $1.6m | $9.3m | — | $81.8m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $3.4m | $0 | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | $0 | $0 | $57.1m | $0 | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | $0 | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | ($7.2m) | ($19.9m) | |
| Income Tax Expense (Benefit) | ($11.6m) | $266.7m | $16.0m | $58.3m | $116.9m | $146.4m | $124.9m | $76.8m | $59.5m | $79.3m | |
| Other Nonoperating Income (Expense) | ($704k) | ($1.8m) | ($1.4m) | ($29.5m) | ($9.2m) | ($24.6m) | $5.8m | $962k | ($5.9m) | ($5.6m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($18.3m) | $80.6m | $17.9m | $70.4m | $129.5m | $57.8m | ($50.6m) | ($71.0m) | $52.7m | $305.6m | |
| Increase (Decrease) in Inventories | ($34.3m) | ($45.0m) | $29.5m | $27.4m | $8.4m | ($6.5m) | $80.8m | ($5.3m) | ($8.7m) | $28.4m | |
| Foreign Currency Transaction Gain (Loss), Realized | ($8.7m) | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $8.0m | ($2.9m) | $2.4m | $1.6m | ($2.6m) | $2.1m | $10.8m | $10.9m | $2.8m | $9.5m | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $165.6m | $168.6m | |
| Goodwill | $223.3m | $252.0m | $381.9m | $416.4m | $453.9m | $426.0m | $403.2m | $415.7m | $395.4m | $521.0m | |
| Inventory Write-down | $17.5m | $8.8m | $11.2m | $15.2m | $17.5m | $15.5m | $31.5m | $28.4m | $18.9m | $25.8m | |
| Investment Income, Interest | $9.3m | $17.8m | $26.7m | $24.8m | $6.0m | $2.6m | $6.4m | $27.3m | $24.8m | $15.7m | |
| Operating Expenses | $1.0b | $693.8m | $746.6m | $786.2m | $857.3m | $1.0b | $1.0b | $1.0b | $1.1b | $1.2b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | ($300k) | — | ($500k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $445.8m | $626.5m | $476.9m | $578.8m | $868.9m | $1.1b | $577.9m | $585.2m | $672.2m | $674.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $85.3m | $105.4m | $114.4m | $134.6m | $185.0m | $132.5m | $163.2m | $159.6m | $198.1m | $224.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $169.5m | $79.7m | ($149k) | $12.0m | $0 | $0 | $0 | $144.4m | |
| Gain (Loss) on Sale of Investments | — | — | ($3.5m) | $6.0m | $7.9m | $6.4m | ($10.0m) | $14.9m | ($10.1m) | $5.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($640.5m) | ($262.8m) | $923.0m | ($156.7m) | ($569.8m) | $120.4m | $43.8m | ($179.6m) | ($622.3m) | ($368.6m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $243.2m | $701.7m | $1.3b | $611.9m | $479.7m | $660.1m | $222.9m | $85.0m | $38.4m | $49.0m | |
| Payments for Repurchase of Common Stock | $146.3m | $200.3m | $823.5m | $500.0m | $88.5m | $600.0m | $752.1m | $397.2m | $198.6m | $702.1m | |
| Dividends paid | $48.6m | $55.4m | $67.3m | $61.3m | $66.5m | $66.0m | $69.7m | $67.9m | $76.4m | $76.3m | |
| Net Cash Provided by (Used in) Financing Activities | $228.4m | ($245.2m) | ($903.4m) | ($574.3m) | ($158.3m) | ($1.0b) | ($893.0m) | ($501.9m) | ($251.8m) | ($562.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.5m | $496.9m | ($152.8m) | $140.2m | $208.1m | ($267.4m) | ($97.2m) | ($204.2m) | ($259.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $926.8m | $773.9m | $914.1m | $1.1b | $854.8m | $757.6m | $553.4m | $293.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $6.2m | $6.0m | $6.4m | $4.2m | $1.5m | $296k | $767k | $3.2m | |
| Income Taxes Paid, Net | $40.4m | $53.8m | $72.8m | $81.4m | $106.6m | $172.1m | $193.2m | $140.2m | $121.4m | $115.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.