$TER
TERADYNE, INC

2015 Q3 Form 10-Q Financial Statement

#000119312515291444 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q2
Revenue $512.7M $525.6M
YoY Change 7.27% 22.54%
Cost Of Revenue $214.2M $235.2M
YoY Change -1.25% 25.31%
Gross Profit $298.6M $290.4M
YoY Change 14.34% 20.39%
Gross Profit Margin 58.23% 55.26%
Selling, General & Admin $77.07M $77.49M
YoY Change 5.49% 11.93%
% of Gross Profit 25.81% 26.68%
Research & Development $75.83M $73.41M
YoY Change 5.39% 8.32%
% of Gross Profit 25.4% 25.28%
Depreciation & Amortization $33.20M $37.60M
YoY Change -12.86% 2.73%
% of Gross Profit 11.12% 12.95%
Operating Expenses $167.8M $169.7M
YoY Change 3.01% 9.28%
Operating Profit $130.8M $120.7M
YoY Change 33.14% 40.46%
Interest Expense $444.0K $159.0K
YoY Change 208.33% -97.53%
% of Operating Profit 0.34% 0.13%
Other Income/Expense, Net $116.0K -$382.0K
YoY Change -82.26% 1910.53%
Pretax Income $132.1M $121.4M
YoY Change 31.26% 51.07%
Income Tax $29.26M $20.19M
% Of Pretax Income 22.14% 16.63%
Net Earnings $102.9M $101.2M
YoY Change 24.03% 52.06%
Net Earnings / Revenue 20.06% 19.26%
Basic Earnings Per Share $0.48 $0.52
Diluted Earnings Per Share $0.48 $0.47
COMMON SHARES
Basic Shares Outstanding 213.8M shares 194.4M shares
Diluted Shares Outstanding 215.5M shares 216.6M shares

Balance Sheet

Concept 2015 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $752.7M $743.1M
YoY Change -6.67% 1.96%
Cash & Equivalents $300.7M $254.6M
Short-Term Investments $452.0M $488.4M
Other Short-Term Assets $6.596M $4.989M
YoY Change -9.69% -97.47%
Inventory $121.8M $126.9M
Prepaid Expenses $80.25M $110.5M
Receivables $296.7M $300.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.316B $1.355B
YoY Change -6.04% 5.65%
LONG-TERM ASSETS
Property, Plant & Equipment $291.9M $308.5M
YoY Change -13.07% 16.48%
Goodwill $495.4M $361.8M
YoY Change 36.93% 3.59%
Intangibles $279.1M $215.7M
YoY Change 41.35% -23.96%
Long-Term Investments $275.9M $364.1M
YoY Change -26.39% 20.24%
Other Assets $13.36M $10.93M
YoY Change 35.63% -42.64%
Total Long-Term Assets $1.376B $1.276B
YoY Change 6.37% 4.25%
TOTAL ASSETS
Total Short-Term Assets $1.316B $1.355B
Total Long-Term Assets $1.376B $1.276B
Total Assets $2.693B $2.631B
YoY Change -0.08% 4.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.46M $102.2M
YoY Change 43.37% 52.27%
Accrued Expenses $180.0M $179.6M
YoY Change -4.71% 39.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $402.1M $361.2M
YoY Change 21.91% -22.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $177.9M $128.3M
YoY Change 27.62% -3.68%
Total Long-Term Liabilities $177.9M $128.3M
YoY Change 27.62% -3.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $402.1M $361.2M
Total Long-Term Liabilities $177.9M $128.3M
Total Liabilities $618.6M $529.2M
YoY Change 22.47% -17.27%
SHAREHOLDERS EQUITY
Retained Earnings $588.5M $656.7M
YoY Change -19.04% 38.42%
Common Stock $26.56M $24.54M
YoY Change -1.84% 2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.074B $2.101B
YoY Change
Total Liabilities & Shareholders Equity $2.693B $2.631B
YoY Change -0.08% 4.97%

Cashflow Statement

Concept 2015 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $102.9M $101.2M
YoY Change 24.03% 52.06%
Depreciation, Depletion And Amortization $33.20M $37.60M
YoY Change -12.86% 2.73%
Cash From Operating Activities $156.0M $209.2M
YoY Change 16.68% 98.29%
INVESTING ACTIVITIES
Capital Expenditures -$25.00M -$60.20M
YoY Change -54.55% 112.72%
Acquisitions
YoY Change
Other Investing Activities $37.60M -$117.5M
YoY Change -131.52% -24.68%
Cash From Investing Activities $12.60M -$177.7M
YoY Change -107.23% -3.58%
FINANCING ACTIVITIES
Cash Dividend Paid $12.80M $11.70M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -86.90M -9.500M
YoY Change 3678.26% -891.67%
NET CHANGE
Cash From Operating Activities 156.0M 209.2M
Cash From Investing Activities 12.60M -177.7M
Cash From Financing Activities -86.90M -9.500M
Net Change In Cash 81.70M 22.00M
YoY Change -290.44% -128.35%
FREE CASH FLOW
Cash From Operating Activities $156.0M $209.2M
Capital Expenditures -$25.00M -$60.20M
Free Cash Flow $181.0M $269.4M
YoY Change -4.08% 101.35%

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