$TDY
TELEDYNE TECHNOLOGIES INC

2016 Q3 Form 10-Q Financial Statement

#000109428516000246 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $539.7M $530.5M $577.7M
YoY Change -2.83% -8.17% -3.25%
Cost Of Revenue $336.2M $324.8M $357.7M
YoY Change -2.78% -9.2% -2.9%
Gross Profit $203.5M $205.7M $220.0M
YoY Change -2.91% -6.5% -3.8%
Gross Profit Margin 37.71% 38.77% 38.08%
Selling, General & Admin $149.9M $144.8M $151.1M
YoY Change 7.0% -4.17% -2.14%
% of Gross Profit 73.66% 70.39% 68.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.70M $21.10M $22.80M
YoY Change -0.91% -7.46% -2.56%
% of Gross Profit 10.66% 10.26% 10.36%
Operating Expenses $149.9M $144.8M $151.1M
YoY Change 7.0% -4.17% -2.14%
Operating Profit $53.60M $60.90M $68.90M
YoY Change -22.88% -11.61% -7.27%
Interest Expense $5.900M $5.700M $6.000M
YoY Change -1.67% -5.0% 30.43%
% of Operating Profit 11.01% 9.36% 8.71%
Other Income/Expense, Net $17.20M -$1.300M $3.400M
YoY Change -919.05% -138.24% -58.54%
Pretax Income $64.90M $53.90M $66.30M
YoY Change 5.7% -18.7% -14.89%
Income Tax $18.00M $14.90M $18.30M
% Of Pretax Income 27.73% 27.64% 27.6%
Net Earnings $46.90M $39.00M $48.30M
YoY Change -2.9% -19.25% -13.9%
Net Earnings / Revenue 8.69% 7.35% 8.36%
Basic Earnings Per Share $1.36 $1.13 $1.37
Diluted Earnings Per Share $1.33 $1.11 $1.34
COMMON SHARES
Basic Shares Outstanding 34.40M shares 34.40M shares 35.30M shares
Diluted Shares Outstanding 35.30M shares 35.20M shares 36.10M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.70M $83.20M $61.30M
YoY Change 0.28% 35.73% -40.72%
Cash & Equivalents $71.70M $83.20M $61.30M
Short-Term Investments
Other Short-Term Assets $65.50M $38.10M $86.90M
YoY Change -19.63% -56.16% 43.16%
Inventory $319.0M $322.0M $330.2M
Prepaid Expenses
Receivables $367.6M $371.8M $395.6M
Other Receivables $6.700M $18.30M $0.00
Total Short-Term Assets $830.5M $833.4M $874.0M
YoY Change -4.15% -4.65% 1.81%
LONG-TERM ASSETS
Property, Plant & Equipment $321.9M $322.8M $331.3M
YoY Change 0.12% -2.57% -4.39%
Goodwill $1.187B $1.152B $1.166B
YoY Change 3.22% -1.18% 11.78%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.00M $72.00M $68.30M
YoY Change -1.25% 5.42% 1.49%
Total Long-Term Assets $1.950B $1.905B $1.933B
YoY Change 2.39% -1.48% -0.75%
TOTAL ASSETS
Total Short-Term Assets $830.5M $833.4M $874.0M
Total Long-Term Assets $1.950B $1.905B $1.933B
Total Assets $2.781B $2.738B $2.807B
YoY Change 0.34% -2.47% 0.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.0M $134.2M $145.5M
YoY Change -11.67% -7.77% -2.81%
Accrued Expenses $252.3M $244.7M $252.9M
YoY Change 2.81% -3.24% -2.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.50M $11.30M $85.90M
YoY Change 3.85% -86.85% 1308.2%
Total Short-Term Liabilities $402.3M $391.3M $485.6M
YoY Change -2.21% -19.42% 16.76%
LONG-TERM LIABILITIES
Long-Term Debt $672.0M $707.1M $678.1M
YoY Change -3.78% 4.28% 35.16%
Other Long-Term Liabilities $222.9M $212.5M $246.8M
YoY Change -7.28% -13.9% -6.41%
Total Long-Term Liabilities $894.9M $212.5M $246.8M
YoY Change 272.25% -13.9% -6.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $402.3M $391.3M $485.6M
Total Long-Term Liabilities $894.9M $212.5M $246.8M
Total Liabilities $1.303B $1.311B $1.411B
YoY Change -3.47% -7.06% 19.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.806B $1.760B $1.618B
YoY Change 8.38% 8.79% 14.74%
Common Stock $351.4M $353.9M $346.0M
YoY Change 1.27% 2.28% 3.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $291.0M $304.9M $223.9M
YoY Change 33.18% 36.18% 1558.52%
Treasury Stock Shares 3.078M shares 3.218M shares 2.313M shares
Shareholders Equity -$388.9M -$381.9M -$343.2M
YoY Change
Total Liabilities & Shareholders Equity $2.781B $2.738B $2.807B
YoY Change 0.34% -2.47% 0.03%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $46.90M $39.00M $48.30M
YoY Change -2.9% -19.25% -13.9%
Depreciation, Depletion And Amortization $21.70M $21.10M $22.80M
YoY Change -0.91% -7.46% -2.56%
Cash From Operating Activities $83.60M $69.10M $59.00M
YoY Change 13.74% 17.12% -37.23%
INVESTING ACTIVITIES
Capital Expenditures -$16.30M $14.20M -$13.60M
YoY Change 58.25% -204.41% 52.81%
Acquisitions
YoY Change
Other Investing Activities -$57.80M $500.0K -$40.60M
YoY Change 4716.67% -101.23% 1461.54%
Cash From Investing Activities -$74.10M -$14.50M -$54.20M
YoY Change 544.35% -73.25% 371.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.70M -$59.20M -56.20M
YoY Change -61.28% 5.34% 6.44%
NET CHANGE
Cash From Operating Activities 83.60M $69.10M 59.00M
Cash From Investing Activities -74.10M -$14.50M -54.20M
Cash From Financing Activities -18.70M -$59.20M -56.20M
Net Change In Cash -9.200M -$4.600M -51.40M
YoY Change -167.15% -91.05% -273.06%
FREE CASH FLOW
Cash From Operating Activities $83.60M $69.10M $59.00M
Capital Expenditures -$16.30M $14.20M -$13.60M
Free Cash Flow $99.90M $54.90M $72.60M
YoY Change 19.21% -24.38% -29.45%

Facts In Submission

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
66500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
129000000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
65600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
119700000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
48100000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
92000000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
46100000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
84600000 USD
CY2016Q3 us-gaap Inventory Gross
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338600000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.37
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.60
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.34
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.45
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.34
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.54
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.32
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.42
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-100000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-300000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-500000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37000000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35100000 USD
CY2016Q3 us-gaap Income Tax Reconciliation Disposition Of Assets
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6700000 USD
us-gaap Income Tax Reconciliation Disposition Of Assets
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6700000 USD
us-gaap Increase Decrease In Accounts Payable
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-18100000 USD
us-gaap Increase Decrease In Accounts Payable
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-2100000 USD
us-gaap Increase Decrease In Accounts Receivable
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-2900000 USD
us-gaap Increase Decrease In Accounts Receivable
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-6800000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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6100000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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24800000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-34900000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
16200000 USD
us-gaap Increase Decrease In Inventories
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20900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12600000 USD
us-gaap Increase Decrease In Other Operating Assets
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-700000 USD
us-gaap Increase Decrease In Other Operating Assets
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-900000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-400000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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3000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1700000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
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-6800000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-9300000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
500000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-700000 USD
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
0 USD
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
19500000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
6000000 USD
us-gaap Interest Expense
InterestExpense
11900000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
5900000 USD
us-gaap Interest Expense
InterestExpense
11600000 USD
CY2016Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
45400000 USD
CY2016Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
45800000 USD
CY2016Q1 us-gaap Inventory Gross
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330600000 USD
CY2016Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
139100000 USD
CY2016Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
143300000 USD
CY2016Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
14200000 USD
CY2016Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
13700000 USD
CY2016Q1 us-gaap Inventory Net
InventoryNet
304100000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
319000000 USD
CY2016Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
146100000 USD
CY2016Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
149500000 USD
CY2016Q1 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
91600000 USD
CY2016Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
108800000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
1373000000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
1303400000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2717100000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2780500000 USD
CY2016Q1 us-gaap Liabilities Current
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393600000 USD
CY2016Q3 us-gaap Liabilities Current
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402300000 USD
CY2016Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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2800000 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
2500000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
761500000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
678200000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
19100000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
13500000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
754100000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
672000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-69900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-77900000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-88600000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-80200000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-88600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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75700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152700000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
74100000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
152200000 USD
CY2015Q2 us-gaap Net Income Loss
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48300000 USD
us-gaap Net Income Loss
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92000000 USD
CY2016Q3 us-gaap Net Income Loss
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45700000 USD
us-gaap Net Income Loss
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84100000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-300000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Number Of Reportable Segments
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4 segment
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
69100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
136700000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
54300000 USD
us-gaap Operating Income Loss
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115400000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
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74500000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
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71000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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20800000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-28400000 USD
CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-11800000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
11300000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
21200000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-31300000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
14600000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
26600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24300000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1800000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-500000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
900000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5500000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
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217900000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
222900000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4200000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17200000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15900000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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500000 USD
us-gaap Payments For Repurchase Of Common Stock
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142000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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243800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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62400000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
66700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21100000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30500000 USD
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
59400000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
40900000 USD
CY2016Q1 us-gaap Prepaid Pension Costs
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111000000 USD
CY2016Q3 us-gaap Prepaid Pension Costs
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124500000 USD
us-gaap Proceeds From Other Debt
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6400000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-400000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
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75000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
3300000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
20200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10800000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9600000 USD
CY2015Q2 us-gaap Profit Loss
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48000000 USD
us-gaap Profit Loss
ProfitLoss
91700000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
45700000 USD
us-gaap Profit Loss
ProfitLoss
84100000 USD
CY2016Q1 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
12300000 USD
CY2016Q3 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
5900000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
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318800000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
321900000 USD
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-5400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-11300000 USD
CY2016Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4500000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-9700000 USD
us-gaap Repayments Of Other Debt
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15300000 USD
us-gaap Repayments Of Other Debt
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19800000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
19500000 USD
CY2015Q1 us-gaap Restructuring Charges
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700000 USD
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
2100000 USD
us-gaap Restructuring Charges
RestructuringCharges
2800000 USD
CY2016Q2 us-gaap Restructuring Charges
RestructuringCharges
1100000 USD
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
10200000 USD
us-gaap Restructuring Charges
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11300000 USD
CY2015Q2 us-gaap Restructuring Reserve Accrual Adjustment1
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1700000 USD
CY2016Q3 us-gaap Restructuring Reserve Current
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3600000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
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1721500000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1805600000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
573600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1135100000 USD
CY2016Q3 us-gaap Sales Revenue Net
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534900000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1060100000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
150600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
301800000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
148800000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
292900000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.327
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.95
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y2M0D
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18500000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18400000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17100000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17500000 USD
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
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200000 USD
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
300000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4000000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3400000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3700000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3500000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
7100000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
6200000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1344100000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1477100000 USD
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3183266 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
3078480 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2561815 shares
CY2016Q1 us-gaap Treasury Stock Value
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309900000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
291000000 USD
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36300000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35500000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34400000 shares
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared by Teledyne Technologies Incorporated (&#8220;Teledyne&#8221; or the &#8220;Company&#8221;) pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in notes to consolidated financial statements have been condensed or omitted pursuant to such rules and regulations, but resultant disclosures are in accordance with accounting principles generally accepted in the United States as they apply to interim reporting. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes in Teledyne&#8217;s Annual Report on Form 10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">January&#160;3, 2016</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Form 10-K&#8221;).</font></div><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of Teledyne&#8217;s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly, in all material respects, Teledyne&#8217;s consolidated financial position as of </font><font style="font-family:inherit;font-size:10pt;">July&#160;3, 2016</font><font style="font-family:inherit;font-size:10pt;"> and the consolidated results of operations and consolidated comprehensive income for the three and six months then ended and cash flows for the six months then ended. The results of operations and cash flows for the period ended </font><font style="font-family:inherit;font-size:10pt;">July&#160;3, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results of operations or cash flows to be expected for any subsequent quarter or the full fiscal year. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the third quarter of 2016, Teledyne sold assets of the Printed Circuit Technology business for $</font><font style="font-family:inherit;font-size:10pt;">9.3 million</font><font style="font-family:inherit;font-size:10pt;"> in cash. As a result, these financial statements reflect the classification of our Printed Circuit Technology business as a discontinued operation. See Note 14 to these condensed consolidated financial statements for additional information. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. In July 2015, the FASB deferred the effective date by one year, but will allow early adoption as of the original adoption date. This new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently in the process of determining its implementation approach and evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB Issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. The ASU is intended to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted for any entity in any interim or annual period. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new guidance will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability, other than leases that meet the definition of a short- term lease. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. The new leasing standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, requiring application at the beginning of the earliest comparative period presented. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures.</font></div></div>

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