← TELEDYNE TECHNOLOGIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | — | $227.2m |
$333.8m
+46.92%
|
$402.3m
+20.52%
|
$401.9m
-0.10%
|
$445.3m
+10.80%
|
— | $885.7m |
$819.2m
-7.51%
|
$894.8m
+9.23%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | — | — | — | |
| Net income (loss) including noncontrolling interest | $195.5m | $190.9m | — | — | — | $401.9m | $445.3m | $788.9m | $820.7m | $895.7m | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $227.2m | — | — | — | — | — | $886.6m | $820.7m | $895.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $0 | — | — | — | — | — | $900k | $1.5m | $900k | — | |
| Depreciation and amortization | $90.3m | $113.0m | $113.0m | $111.9m | $116.2m | $371.8m | $371.8m | $316.4m | $309.9m | $336.3m | $342.0m | |
| Amortization of Intangible Assets | — | $41.4m | $39.5m | $37.4m | $39.6m | $149.3m | — | $196.7m | $198.0m | $216.6m | — | |
| Depreciation | $90.3m | $65.9m | $73.5m | $74.5m | $76.6m | $115.2m | $371.8m | $119.1m | $111.3m | $119.2m | $342.0m | |
| Deferred Income Tax Expense (Benefit) | — | ($12.3m) | — | — | — | — | — | — | — | ($58.6m) | — | |
| Deferred taxes and income taxes receivable (payable), net | — | $28.1m | ($26.4m) | ($53.8m) | — | ($28.8m) | ($21.4m) | ($35.2m) | ($120.7m) | ($86.6m) | — | |
| Stock-based compensation | $12.2m | $11.6m | $25.1m | $30.7m | — | $30.0m | $33.9m | $31.5m | $37.7m | $39.6m | $38.9m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | — | — | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $200k | — | — | — | — | — | — | $52.5m | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | $52.5m | $0 | — | |
| Impairment of acquired intangible assets | — | — | — | — | — | — | — | $0 | $52.5m | $0 | — | |
| Other Nonoperating Income (Expense) | — | ($15.5m) | ($10.7m) | ($5.0m) | ($7.2m) | $2.5m | — | ($12.2m) | ($4.1m) | ($21.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | $19.6m | $66.7m | $58.8m | — | — | — | — | — | — | ($25.2m) | |
| Accounts receivable and unbilled receivables | — | — | ($66.7m) | ($58.8m) | — | $47.8m | ($158.9m) | ($87.9m) | ($22.8m) | ($36.6m) | ($25.2m) | |
| Increase (Decrease) in Inventories | — | $7.4m | $1.7m | ($12.2m) | ($54.3m) | ($7.0m) | — | $14.3m | $10.4m | $42.8m | ($137.0m) | |
| Inventories | ($6.4m) | ($9.1m) | ($1.7m) | $12.2m | — | $54.3m | $7.0m | ($155.2m) | ($10.4m) | ($42.8m) | ($137.0m) | |
| Increase (Decrease) in Accounts Payable | — | $12.4m | $39.9m | $29.6m | ($46.3m) | $99.1m | — | ($124.9m) | $33.7m | $35.6m | $47.6m | |
| Accounts payable | ($26.8m) | $2.1m | $39.9m | $29.6m | — | ($46.3m) | $99.1m | $45.9m | $33.7m | $35.6m | $47.6m | |
| Accrued expenses and other liabilities | ($41.1m) | $26.8m | $17.8m | $5.9m | — | $53.7m | ($5.7m) | ($344.2m) | $89.4m | $71.2m | — | |
| Prepaid expenses and other assets | ($1.3m) | ($1.7m) | $7.6m | $2.8m | — | ($10.2m) | $11.8m | ($50.4m) | ($7.5m) | ($47.1m) | — | |
| Other operating, net | ($600k) | $1.5m | $13.3m | ($4.5m) | — | $300k | $11.2m | ($28.2m) | $9.4m | $41.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $210.2m |
$374.7m
+78.26%
|
$446.9m
+19.27%
|
$482.1m
+7.88%
|
$618.9m
+28.38%
|
$824.6m
+33.24%
|
$824.6m
0.00%
|
$836.1m
+1.39%
|
$1.2b
+42.55%
|
$1.2b
-0.05%
|
$1.3b
+6.72%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($47.0m) | $58.5m | $86.8m | $88.4m | $71.4m | $101.6m | ($101.6m) | $114.9m | $83.7m | $117.3m | ($129.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $29.0m | $3.7b | — | $77.7m | $123.7m | $821.4m | ($117.2m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($500k) | ($1.0m) | ($600k) | — | ($2.3m) | ($200k) | ($800k) | — | |
| Other investing, net | — | ($1.4m) | ($1.3m) | ($500k) | — | $1.0m | $600k | $16.8m | $200k | $800k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($109.9m) | ($831.2m) | ($88.6m) | ($571.9m) | ($99.4m) | ($3.8b) | ($3.8b) | ($190.3m) | ($207.2m) | ($937.9m) | ($251.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | $1.6m | $0 | $15.0m | — | |
| Gain (loss) on debt extinguishment | — | — | — | — | — | $0 | $30.5m | ($10.6m) | $0 | ($15.0m) | — | |
| Proceeds from (payments on) other debt | ($102.8m) | ($22.2m) | ($182.0m) | ($137.2m) | — | ($100.8m) | ($1.1b) | ($553.9m) | ($600.6m) | ($1.8m) | — | |
| Payments for Repurchase of Common Stock | — | $0 | — | — | — | — | — | — | $354.0m | $402.9m | — | |
| Proceeds from (Payments for) Other Financing Activities | — | ($4.5m) | ($2.0m) | ($1.7m) | $0 | ($22.0m) | — | ($4.5m) | ($10.4m) | ($10.1m) | — | |
| Other financing, net | ($1.4m) | ($6.4m) | ($2.0m) | ($1.7m) | — | $0 | ($22.0m) | ($1.9m) | ($10.4m) | ($10.1m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($145.0m) |
$414.1m
+385.59%
|
($271.3m)
-165.52%
|
$141.7m
+152.23%
|
($61.8m)
-143.61%
|
$2.8b
+4642.23%
|
$2.8b
0.00%
|
($651.5m)
-123.21%
|
($945.8m)
-45.17%
|
($555.2m)
+41.30%
|
($987.1m)
-77.79%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $57.0m | $473.6m | ($198.4m) | — | $10.2m | $1.5m | ($297.4m) | $343.6m | |
| Cash and cash equivalents—beginning of period | — | $70.9m | $142.5m | $199.5m | — | $673.1m | $474.7m | $638.1m | $649.8m | $352.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $199.5m | $673.1m | $474.7m | — | $648.3m | $649.8m | $352.4m | $343.6m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $5.1m | $15.9m | ($5.8m) | — | $15.9m | ($37.4m) | $4.4m | ($3.5m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($11.6m) | $14.7m | ($15.4m) | $5.1m | — | $15.9m | ($5.8m) | ($38.0m) | ($37.4m) | $4.4m | ($3.5m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $117.2m | — | $87.9m | $73.4m | $71.3m | — | |
| Income Taxes Paid, Net | — | $36.7m | $64.7m | $110.1m | $74.5m | $83.6m | — | $313.0m | $213.2m | $280.2m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | ($6.0m) | $0 | — | — | — | — | — | — | — | — | |
| Goodwill | — | $1.8b | $1.7b | $2.1b | $2.1b | $8.0b | — | $8.0b | $8.0b | $8.7b | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $59.8m | $60.1m | $71.4m | $67.8m | $88.5m | — | $72.3m | $117.2m | $198.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $57.9m | $59.6m | — | |
| Litigation Settlement Loss | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Pension Cost (Reversal of Cost) | — | — | — | $1.3m | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | $24.9m | $37.2m | $34.6m | $36.3m | $25.4m | — | $45.4m | $37.9m | $48.8m | — | |
| Stock or Unit Option Plan Expense | — | $18.8m | $25.1m | $30.7m | $30.0m | $33.9m | — | $32.3m | $37.7m | $39.6m | — | |
| Purchase of businesses, net of cash acquired | — | — | ($3.1m) | ($484.0m) | — | ($29.0m) | ($3.7b) | ($99.6m) | ($123.7m) | ($821.4m) | ($117.2m) | |
| Net proceeds (repayments) from credit facility | $45.5m | ($147.0m) | — | — | — | $0 | $0 | ($125.0m) | $0 | $0 | — | |
| Proceeds from (payments on) fixed rate senior notes | — | — | — | — | — | — | — | ($308.4m) | ($450.0m) | ($162.0m) | — | |
| Purchase of treasury stock, including excise tax | ($243.8m) | $0 | — | — | — | — | — | $0 | ($354.0m) | ($402.9m) | — | |
| Liquidations (maturities) of cross currency swap | ($500k) | $0 | — | — | — | $0 | $0 | $43.1m | ($18.7m) | $0 | — | |
| Acquisition of redeemable noncontrolling interest | — | — | — | — | — | — | — | $0 | $0 | ($27.2m) | — | |
| Proceeds from exercise of stock options | $19.0m | $36.1m | $37.2m | $34.6m | — | $36.3m | $25.4m | $23.6m | $37.9m | $48.8m | — | |
| Change in cash and cash equivalents | — | ($27.7m) | $71.6m | $57.0m | — | $473.6m | ($198.4m) | $163.4m | $1.5m | ($297.4m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.