Teradyne, Inc. (TER) financial statements (2021 and earlier)

Company profile

Business Address 600 RIVERPARK DRIVE
NORTH READING, MA 01864
State of Incorp. MA
Fiscal Year End December 31
SIC 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9147749271,7781,179742828
Cash and cash equivalents914774927430308265294
Short-term investments   1,348871478534
Receivables498362291273192211151
Inventory, net of allowances, customer advances and progress billings222197154108136154105
Inventory222197154108136154105
Prepaid expense2501771631081089296
Other current assets    867
Other undisclosed current assets5321491984 5557
Total current assets:2,4151,6591,7322,2701,6241,2601,244
Noncurrent Assets
Operating lease, right-of-use asset5558
Property, plant and equipment395320280268254273329
Long-term investments and receivables   126434266471
Long-term investments   126434266471
Intangible assets, net (including goodwill)555542507331324728464
Goodwill454416382252223488273
Intangible assets, net (excluding goodwill)10112512579100240191
Deferred income tax assets88 
Other noncurrent assets9101212121310
Defined benefit plan, assets for plan benefits8113
Other undisclosed noncurrent assets13519817510210777
Total noncurrent assets:1,2371,1289748391,1391,2891,295
TOTAL ASSETS:3,6522,7872,7073,1102,7622,5492,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities512406364346287272221
Accounts payable13412710186959248
Accrued liabilities78717859514452
Employee-related liabilities220164149142110114101
Taxes payable81443659302220
Debt3319     
Business combination, contingent consideration, liability 93524116 
Other undisclosed current liabilities1551057884848672
Total current liabilities:701539476454373373292
Noncurrent Liabilities
Long-term debt and lease obligation419441380366353  
Long-term debt, excluding current maturities377395380366353  
Operating lease, liability4246
Liabilities, other than long-term debt311313295336208210167
Deferred revenue and credits30232620
Accounts payable and accrued liabilities94102121158293215
Deferred revenue5846
Deferred tax liabilities, net217122723
Liability, pension and other postretirement and postemployment benefits151134117120107104108
Business combination, contingent consideration, liability73136213722 
Other undisclosed noncurrent liabilities111433    
Total noncurrent liabilities:741768708702561210167
Total liabilities:1,4421,3071,1841,156934583460
Temporary equity, carrying amount4      
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2071,4801,5221,9541,8291,9662,079
Common stock21212224252527
Treasury stock, value(89)(1,323)(824)(200)(446)  
Additional paid in capital1,7651,7201,6721,6381,5941,4811,437
Accumulated other comprehensive income (loss)34(19)(13)19(20)(8)5
Retained earnings (accumulated deficit)387(242)(158)272230468610
Other undisclosed stockholders' equity attributable to parent891,323824200446  
Total stockholders' equity:2,2071,4801,5221,9541,8291,9662,079
TOTAL LIABILITIES AND EQUITY:3,6522,7872,7073,1102,7622,5492,539

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,1212,2952,1012,1371,7531,6401,648
Revenue, net2,137 1,6401,648
Cost of revenue(1,336)(955)(880)(913)(794)(724)(769)
Cost of goods and services sold(1,336)(955)(880)(913) (724)(791)
Gross profit:1,7861,3401,2201,224960916879
Operating expenses(857)(786)(747)(694) (673)(782)
Other undisclosed operating loss    (1,020)  
Operating income (loss):928554474530(60)24396
Nonoperating income (expense)(6)(3)28149127
Investment income, nonoperating6252719979
Foreign currency transaction gain (loss), before tax(3)22(3)  (1)
Other nonoperating income (expense)(9)(30)(1)(2)(1)5(0)
Interest and debt expense(24)(23)(31)(22)(4)(2)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3(2)(2)2  (1)
Income (loss) from continuing operations before income taxes:901526468524(55)25395
Income tax expense (benefit)(117)(58)(16)(267)12(47)(14)
Net income (loss) available to common stockholders, diluted:784467452258(43)20681

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):784467452258(43)20681
Other comprehensive income (loss)52(6)(29)39(12)(13)1
Comprehensive income (loss), net of tax, attributable to parent:837462422297(55)19482

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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