$TER
TERADYNE, INC

2024 Q2 Form 10-Q Financial Statement

#000095017024052761 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $729.9M $599.8M
YoY Change 18.19%
Cost Of Revenue $304.0M $260.5M
YoY Change 16.44%
Gross Profit $425.8M $339.3M
YoY Change 19.48%
Gross Profit Margin 58.34% 56.56%
Selling, General & Admin $154.5M $149.2M
YoY Change 2.33%
% of Gross Profit 36.27% 43.97%
Research & Development $111.8M $103.2M
YoY Change 5.72%
% of Gross Profit 26.26% 30.42%
Depreciation & Amortization $30.20M $23.35M
YoY Change 9.41%
% of Gross Profit 7.09% 6.88%
Operating Expenses $270.9M $261.5M
YoY Change 3.61%
Operating Profit $154.9M $77.77M
YoY Change 63.22%
Interest Expense $9.035M $661.0K
YoY Change 114.1%
% of Operating Profit 5.83% 0.85%
Other Income/Expense, Net $3.850M -$12.08M
YoY Change -7649.02%
Pretax Income $219.4M $72.90M
YoY Change 125.99%
Income Tax $33.13M $8.705M
% Of Pretax Income 15.1% 11.94%
Net Earnings $186.3M $64.20M
YoY Change 123.0%
Net Earnings / Revenue 25.52% 10.7%
Basic Earnings Per Share $1.18 $0.42
Diluted Earnings Per Share $1.14 $0.40
COMMON SHARES
Basic Shares Outstanding 156.1M 153.1M
Diluted Shares Outstanding 163.5M 162.3M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.6M $748.7M
YoY Change -37.94%
Cash & Equivalents $421.9M $707.4M
Short-Term Investments $38.65M $41.30M
Other Short-Term Assets $536.8M $16.06M
YoY Change -4.57%
Inventory $288.7M $314.2M
Prepaid Expenses $515.9M $537.6M
Receivables $470.3M $426.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.756B $2.065B
YoY Change -16.84%
LONG-TERM ASSETS
Property, Plant & Equipment $544.8M $457.2M
YoY Change 7.4%
Goodwill $405.1M $407.6M
YoY Change -1.15%
Intangibles $25.47M $30.23M
YoY Change -48.29%
Long-Term Investments $647.8M $121.9M
YoY Change 453.95%
Other Assets $252.1M $45.10M
YoY Change 34.03%
Total Long-Term Assets $1.875B $1.345B
YoY Change 47.5%
TOTAL ASSETS
Total Short-Term Assets $1.756B $2.065B
Total Long-Term Assets $1.875B $1.345B
Total Assets $3.632B $3.411B
YoY Change 7.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.8M $153.9M
YoY Change 12.94%
Accrued Expenses $288.2M $239.8M
YoY Change 13.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $626.4M $554.4M
YoY Change -0.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $274.4M $298.4M
YoY Change -9.59%
Total Long-Term Liabilities $274.4M $298.4M
YoY Change -9.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $626.4M $554.4M
Total Long-Term Liabilities $274.4M $298.4M
Total Liabilities $900.9M $852.9M
YoY Change -3.54%
SHAREHOLDERS EQUITY
Retained Earnings $889.3M $730.3M
YoY Change 28.12%
Common Stock $1.886B $1.867B
YoY Change 5.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.30M $22.10M
YoY Change -67.66% -95.58%
Treasury Stock Shares
Shareholders Equity $2.731B $2.558B
YoY Change
Total Liabilities & Shareholders Equity $3.632B $3.411B
YoY Change 7.34%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $186.3M $64.20M
YoY Change 123.0%
Depreciation, Depletion And Amortization $30.20M $23.35M
YoY Change 9.41%
Cash From Operating Activities $216.1M $7.279M
YoY Change 1017.44%
INVESTING ACTIVITIES
Capital Expenditures $44.85M $44.02M
YoY Change 8.21%
Acquisitions
YoY Change
Other Investing Activities -$436.2M $20.00M
YoY Change 716.6%
Cash From Investing Activities -$481.1M -$24.02M
YoY Change 407.12%
FINANCING ACTIVITIES
Cash Dividend Paid $19.00M $18.40M
YoY Change 10.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.61M -36.67M
YoY Change -82.54%
NET CHANGE
Cash From Operating Activities 216.1M 7.279M
Cash From Investing Activities -481.1M -24.02M
Cash From Financing Activities -22.61M -36.67M
Net Change In Cash -287.6M -50.17M
YoY Change 40.28%
FREE CASH FLOW
Cash From Operating Activities $216.1M $7.279M
Capital Expenditures $44.85M $44.02M
Free Cash Flow $171.2M -$36.74M
YoY Change -874.48%

Facts In Submission

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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">A. THE COMPANY</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:24.5pt;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Teradyne, Inc. (“Teradyne”) is a leading global supplier of automated test equipment and robotics solutions. Teradyne designs, develops, manufactures and sells automated test systems and robotics products. Teradyne’s automated test systems are used to test semiconductors, wireless products, data storage and complex electronics systems in many industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries. Teradyne’s robotics products include collaborative robotic arms, autonomous mobile robots, and advanced robotic control software used by global manufacturing, logistics and industrial customers to improve quality, increase manufacturing and material handling efficiency and decrease manufacturing and logistics costs. Teradyne’s automated test equipment and robotics products and services include:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><div style="margin-left:0.33958333333333335in;display:flex;margin-top:6pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.3402777777777778in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.7521786492374725%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">semiconductor test (“Semiconductor Test”) systems; </span></div></div><div style="margin-left:0.33958333333333335in;display:flex;margin-top:6pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.3402777777777778in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.7521786492374725%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">storage and system level test (“Storage Test”) systems, defense/aerospace (“Defense/Aerospace”) test instrumentation and systems, and circuit-board test and inspection (“Production Board Test”) systems (collectively these products represent “System Test”); </span></div></div><div style="margin-left:0.33958333333333335in;display:flex;margin-top:6pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.3402777777777778in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.7521786492374725%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">wireless test (“Wireless Test”) systems; and </span></div></div><div style="margin-left:0.33958333333333335in;display:flex;margin-top:6pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.3402777777777778in;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.7521786492374725%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">robotics (“Robotics”) products. </span></div></div>
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400000000
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750000000
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400000000
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200000000
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0.15
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CY2024Q1 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The interest rate applicable to loans under the Credit Facility are, at Teradyne’s option, equal to either a base rate plus a margin ranging from 0.00% to 0.75% per annum or SOFR plus a margin ranging from 1.10% to 1.85% per annum, based on the consolidated leverage ratio of Teradyne. In addition, Teradyne will pay a commitment fee on the unused portion of the commitments under the Credit Facility ranging from 0.15% to 0.25% per annum, based on the then applicable consolidated leverage ratio.
CY2024Q1 ter Contract Manufacturer And Supplier Prepayments
ContractManufacturerAndSupplierPrepayments
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ContractManufacturerAndSupplierPrepayments
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PrepaidMaintenanceAndOtherServices
21894000
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PrepaidMaintenanceAndOtherServices
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PrepaidTaxes
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PrepaidExpenseCurrent
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ProductWarrantyAccrualWarrantiesIssued
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ProductWarrantyAccrualWarrantiesIssued
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ProductWarrantyAccrualPreexistingIncreaseDecrease
-683000
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ProductWarrantyAccrualPreexistingIncreaseDecrease
-405000
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ProductWarrantyAccrualPayments
2950000
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ProductWarrantyAccrualPayments
4992000
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15324000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12901000
CY2023Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
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CY2022Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
56180000
CY2024Q1 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
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CY2023Q2 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
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ExtendedProductWarrantyAccrualPayments
7302000
CY2023Q2 us-gaap Extended Product Warranty Accrual Payments
ExtendedProductWarrantyAccrualPayments
11250000
CY2024Q1 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
34509000
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ExtendedProductWarrantyAccrual
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CY2024Q1 ter Shareholder Return Award Performance Measurement Period
ShareholderReturnAwardPerformanceMeasurementPeriod
P3Y
CY2024Q1 us-gaap General Discussion Of Pension And Other Postretirement Benefits
GeneralDiscussionOfPensionAndOtherPostretirementBenefits
On January 22, 2024, the Board enacted the Executive Retirement Policy for Restricted Stock Unit and Option Vesting (the "Retirement Policy"). Under the Retirement Policy, an executive officer that is over the age of 65 and has 10 or more years of service as of the effective date of his or her retirement will be eligible for continued vesting of his or her unvested time-based restricted stock units and stock options granted prior to his or her retirement date.
CY2023Q4 us-gaap Goodwill
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GoodwillForeignCurrencyTranslationGainLoss
-8076000
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CY2023Q4 ter Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2023Q4 ter Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-1728000
CY2023Q4 ter Accumulated Other Comprehensive Income Unrealized Gains On Cash Flow Hedge Adjustment Tax
AccumulatedOtherComprehensiveIncomeUnrealizedGainsOnCashFlowHedgeAdjustmentTax
142000
CY2023Q4 ter Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
-1132000
CY2024Q1 ter Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2024Q1 ter Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-1919000
CY2024Q1 ter Accumulated Other Comprehensive Income Unrealized Gains On Cash Flow Hedge Adjustment Tax
AccumulatedOtherComprehensiveIncomeUnrealizedGainsOnCashFlowHedgeAdjustmentTax
0
CY2024Q1 ter Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
-1132000
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AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
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AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-2308000
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AccumulatedOtherComprehensiveIncomeUnrealizedGainsOnCashFlowHedgeAdjustmentTax
-708000
CY2022Q4 ter Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
-1130000
CY2023Q2 ter Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
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AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-1803000
CY2023Q2 ter Accumulated Other Comprehensive Income Unrealized Gains On Cash Flow Hedge Adjustment Tax
AccumulatedOtherComprehensiveIncomeUnrealizedGainsOnCashFlowHedgeAdjustmentTax
-203000
CY2023Q2 ter Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
-1130000
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-500000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
338000
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1780000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1200000
CY2024Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
470000
CY2023Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-340000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
1178218000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
762566000
CY2024Q1 us-gaap Goodwill
Goodwill
407576000
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FiniteLivedIntangibleAssetsGross
378822000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
-341775000
CY2024Q1 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-6813000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30234000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
-337062000
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-6356000
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FiniteLivedIntangibleAssetsNet
35404000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4800000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14010000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11290000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2364000
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1148000
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1066000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
356000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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153047000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
8862000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
8983000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
914000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
4000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
6000
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
9301000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10404000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162348000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166308000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.4
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.5
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
2000000
CY2023Q2 us-gaap Severance Costs1
SeveranceCosts1
2000000
CY2024Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
231000
CY2023Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
272000
CY2024Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1647000
CY2023Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1711000
CY2024Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1268000
CY2023Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1285000
CY2024Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
610000
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
698000
CY2024Q1 us-gaap Purchase Obligation
PurchaseObligation
428800
CY2024Q1 us-gaap Purchase Obligation Due In Next Twelve Months
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404700
CY2024Q1 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
15300000
CY2023 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
15700000
CY2024Q1 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
34500000
CY2023 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
34900000
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.031
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.025
CY2024Q1 ter Effective Income Tax Rate Reconciliation On Reserves For Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationOnReservesForUncertainTaxPositions
0.031
CY2023Q2 ter Effective Income Tax Rate Reconciliation On Reserves For Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationOnReservesForUncertainTaxPositions
-0
CY2024Q1 ter Effective Income Tax Rate Reconciliation Effect Of Tax Custs And Jobs Act Percent
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-0.022
CY2023Q2 ter Effective Income Tax Rate Reconciliation Effect Of Tax Custs And Jobs Act Percent
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-0.032
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.021
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.006
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.009
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.033
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.023
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.026
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.119
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0.14
CY2024Q1 us-gaap Liability For Uncertain Tax Positions Current
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15900000
CY2023Q4 us-gaap Liability For Uncertain Tax Positions Current
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18600000
CY2024Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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-2700000
CY2024Q1 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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800000
CY2024Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1300000
CY2024Q1 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
-600000
CY2023Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
100000
CY2022Q3 ter Percentage Of Alternative Minimum Tax
PercentageOfAlternativeMinimumTax
0.15
CY2022Q4 ter Minimum Effective Tax Rate
MinimumEffectiveTaxRate
0.15
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2024Q1 us-gaap Revenues
Revenues
599819000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72902000
CY2024Q1 us-gaap Assets
Assets
3410720000
CY2023Q2 us-gaap Revenues
Revenues
617529000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97084000
CY2023Q2 us-gaap Assets
Assets
3383407000
CY2023Q1 us-gaap Treasury Stock Value
TreasuryStockValue
2000000000
CY2023Q1 ter Percentage Of Excise Tax On Share Repurchases In Excess Of Issuances
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0.01
CY2023Q1 us-gaap Treasury Stock Value
TreasuryStockValue
90000000
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
200000
CY2024Q1 us-gaap Treasury Stock Value
TreasuryStockValue
22100000
CY2024Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
100.31
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
900000
CY2023Q2 us-gaap Treasury Stock Value
TreasuryStockValue
93700000
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
104.88
CY2024Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.12
CY2023Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.11
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
18400000
CY2023Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
17200000

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ter-ex32_2.htm Edgar Link pending
ter-20240331_htm.xml Edgar Link completed