Teradyne, Inc. (TER) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7749271,7781,179742828929
Cash and cash equivalents774927430308265294342
Short-term investments  1,348871478534587
Receivables362291273192211151158
Inventory, net of allowances, customer advances and progress billings197154108136154105138
Inventory197154108136154105138
Prepaid expense1771631081089296136
Other current assets   8677
Other undisclosed current assets1491984 555772
Total current assets:1,6591,7322,2701,6241,2601,2441,440
Noncurrent Assets
Operating lease, right-of-use asset58
Property, plant and equipment320280268254273329275
Long-term investments and receivables  126434266471271
Long-term investments  126434266471271
Intangible assets, net (including goodwill)542507331324728464614
Goodwill416382252223488273362
Intangible assets, net (excluding goodwill)12512579100240191252
Other noncurrent assets10121212131015
Defined benefit plan, assets for plan benefits81139
Other undisclosed noncurrent assets198175102107775
Total noncurrent assets:1,1289748391,1391,2891,2951,190
TOTAL ASSETS:2,7872,7073,1102,7622,5492,5392,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities406364346287272221170
Accounts payable1271018695924863
Accrued liabilities717859514452 
Employee-related liabilities16414914211011410196
Taxes payable44365930222011
Debt19     187
Business combination, contingent consideration, liability93524116 
Other undisclosed current liabilities1057884848672119
Total current liabilities:539476454373373292476
Noncurrent Liabilities
Long-term debt and lease obligation, including:441380366353  187
Long-term debt, excluding current maturities395380366353   
Operating lease, liability46
Other undisclosed long-term debt and lease obligation      187
Liabilities, other than long-term debt313295336208210167146
Deferred revenue and credits3023262013
Pension and other postretirement defined benefit plans, liabilities92
Accounts payable and accrued liabilities102121158293215 
Deferred revenue46
Deferred tax liabilities, net21712272341
Liability, pension and other postretirement and postemployment benefits134117120107104108
Business combination, contingent consideration, liability3136213722 
Other undisclosed noncurrent liabilities1433    (163)
Total noncurrent liabilities:768708702561210167169
Total liabilities:1,3071,1841,156934583460645
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4801,5221,9541,8291,9662,0791,985
Common stock21222425252724
Treasury stock, value(1,323)(824)(200)(446)   
Additional paid in capital1,7201,6721,6381,5941,4811,4371,391
Accumulated other comprehensive income (loss)(19)(13)19(20)(8)54
Retained earnings (accumulated deficit)(242)(158)272230468610566
Other undisclosed stockholders' equity attributable to parent1,323824200446   
Total stockholders' equity:1,4801,5221,9541,8291,9662,0791,985
TOTAL LIABILITIES AND EQUITY:2,7872,7073,1102,7622,5492,5392,630

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2952,1012,1371,7531,6401,6481,428
Revenue, net2,137 1,6401,6481,428
Cost of revenue(955)(880)(913)(794)(724)(769)(619)
Cost of goods and services sold(955)(880)(913) (724)(791)(636)
Gross profit:1,3401,2201,224960916879809
Operating expenses(786)(747)(694) (673)(782)(618)
Other undisclosed operating loss   (1,020)   
Operating income (loss):554474530(60)24396191
Nonoperating income (expense)(3)281491274
Investment income, nonoperating2527199794
Foreign currency transaction gain (loss), before tax22(3)  (1) 
Other nonoperating income (expense)(30)(1)(2)(1)5(0) 
Interest and debt expense(23)(31)(22)(4)(2)(7)(25)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)(2)2  (1)32
Income (loss) from continuing operations before income taxes:526468524(55)25395202
Income tax expense (benefit)(58)(16)(267)12(47)(14)(37)
Net income (loss) available to common stockholders, diluted:467452258(43)20681165

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):467452258(43)20681165
Other comprehensive income (loss)(6)(29)39(12)(13)1(2)
Comprehensive income (loss), net of tax, attributable to parent:462422297(55)19482163

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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