$TER
TERADYNE, INC

2019 Q2 Form 10-Q Financial Statement

#000119312519143836 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $564.2M $494.1M $519.6M
YoY Change 15.74% 3.21%
Cost Of Revenue $240.3M $206.5M $210.0M
YoY Change 10.4% 1.72%
Gross Profit $323.9M $287.6M $309.5M
YoY Change 20.04% 14.25%
Gross Profit Margin 57.41% 58.21% 59.58%
Selling, General & Admin $108.8M $102.0M $100.6M
YoY Change 20.23% 14.42%
% of Gross Profit 33.59% 35.47% 32.48%
Research & Development $81.43M $76.79M $74.71M
YoY Change 9.44% 3.66%
% of Gross Profit 25.14% 26.7% 24.13%
Depreciation & Amortization $29.30M $16.65M $30.40M
YoY Change 79.36% 14.29%
% of Gross Profit 9.05% 5.79% 9.82%
Operating Expenses $189.9M $194.6M $197.3M
YoY Change 10.23% 11.89%
Operating Profit $134.0M $93.09M $112.3M
YoY Change 37.38% 18.65%
Interest Expense $5.800M $5.520M $13.18M
YoY Change -15.82% 145.02%
% of Operating Profit 4.33% 5.93% 11.74%
Other Income/Expense, Net -$1.401M $1.425M $2.954M
YoY Change 74.04% -451.67%
Pretax Income $131.2M $93.98M $111.1M
YoY Change 36.9% 13.3%
Income Tax $33.78M -$15.16M -$32.66M
% Of Pretax Income 25.75% -16.13% -29.39%
Net Earnings $97.40M $109.1M $143.8M
YoY Change 11.98% -235.75%
Net Earnings / Revenue 17.26% 22.09% 27.68%
Basic Earnings Per Share $0.57 $0.63 $0.80
Diluted Earnings Per Share $0.55 $0.62 $0.79
COMMON SHARES
Basic Shares Outstanding 171.4M 173.5M 179.2M shares
Diluted Shares Outstanding 177.0M

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $895.3M $904.8M $1.117B
YoY Change -40.25% -31.76%
Cash & Equivalents $495.1M $483.7M $926.8M
Short-Term Investments $400.2M $421.1M $190.1M
Other Short-Term Assets $184.8M $194.0M $170.8M
YoY Change 64.85% 3301.71%
Inventory $164.5M $161.3M $153.5M
Prepaid Expenses $184.2M $162.5M
Receivables $372.2M $333.8M $291.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.617B $1.594B $1.732B
YoY Change -25.02% -23.69%
LONG-TERM ASSETS
Property, Plant & Equipment $352.2M $283.3M $279.8M
YoY Change 25.21% 4.24%
Goodwill $379.5M $381.9M
YoY Change 51.52%
Intangibles $119.4M $125.5M
YoY Change 58.66%
Long-Term Investments $99.00M $91.90M $87.70M
YoY Change 10.86% -58.61%
Other Assets $110.0M $11.28M $11.51M
YoY Change 781.48% -6.24%
Total Long-Term Assets $1.055B $1.023B $974.1M
YoY Change 25.75% 16.07%
TOTAL ASSETS
Total Short-Term Assets $1.617B $1.594B $1.732B
Total Long-Term Assets $1.055B $1.023B $974.1M
Total Assets $2.672B $2.617B $2.707B
YoY Change -10.81% -12.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.4M $118.8M $100.7M
YoY Change -0.53% 16.55%
Accrued Expenses $216.7M $173.4M $226.3M
YoY Change 43.61% 28.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $467.0M $442.0M $476.3M
YoY Change 19.34% 4.83%
LONG-TERM LIABILITIES
Long-Term Debt $387.2M $383.6M $380.0M
YoY Change 4.82% 4.8%
Other Long-Term Liabilities $320.1M $301.2M $307.3M
YoY Change -0.99% 75.7%
Total Long-Term Liabilities $707.3M $684.8M $687.3M
YoY Change 2.11% 27.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $467.0M $442.0M $476.3M
Total Long-Term Liabilities $707.3M $684.8M $687.3M
Total Liabilities $1.192B $1.146B $1.184B
YoY Change 9.35% 2.45%
SHAREHOLDERS EQUITY
Retained Earnings -$215.6M -$158.2M
YoY Change -158.16%
Common Stock $1.702B $1.694B
YoY Change 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $823.5M
YoY Change 311.75%
Treasury Stock Shares $21.60M
Shareholders Equity $1.479B $1.470B $1.522B
YoY Change
Total Liabilities & Shareholders Equity $2.672B $2.617B $2.707B
YoY Change -10.81% -12.96%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $97.40M $109.1M $143.8M
YoY Change 11.98% -235.75%
Depreciation, Depletion And Amortization $29.30M $16.65M $30.40M
YoY Change 79.36% 14.29%
Cash From Operating Activities $145.3M $18.02M $186.4M
YoY Change -277.35% -39.83%
INVESTING ACTIVITIES
Capital Expenditures -$33.30M $25.71M -$26.10M
YoY Change -195.7% -4.04%
Acquisitions $6.970M
YoY Change
Other Investing Activities $5.000M -$235.2M $230.1M
YoY Change -99.0% -157.38%
Cash From Investing Activities -$28.20M -$261.0M $204.0M
YoY Change -106.09% -147.62%
FINANCING ACTIVITIES
Cash Dividend Paid $15.63M
YoY Change
Common Stock Issuance & Retirement, Net $156.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.4M -199.8M -277.4M
YoY Change -39.57% 345.98%
NET CHANGE
Cash From Operating Activities 145.3M 18.02M 186.4M
Cash From Investing Activities -28.20M -261.0M 204.0M
Cash From Financing Activities -105.4M -199.8M -277.4M
Net Change In Cash 11.70M -443.0M 113.0M
YoY Change -94.38% -162.5%
FREE CASH FLOW
Cash From Operating Activities $145.3M $18.02M $186.4M
Capital Expenditures -$33.30M $25.71M -$26.10M
Free Cash Flow $178.6M -$7.695M $212.5M
YoY Change -253.01% -36.94%

Facts In Submission

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ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
14268000
CY2018Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
10654000
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
156468000
CY2018Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
15627000
CY2018Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
17588000
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14318000
CY2018Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
19629000
CY2019Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
27615000
CY2018Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
13571000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-199760000
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174410000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18016000
CY2018Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-81930000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-443024000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
208030000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
926752000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
429843000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
483728000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
637873000
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
30800000
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
94862000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
89365000
CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29725000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
31014000
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
36755000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
33162000
CY2019Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
100900000
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
100800000
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
100000
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
300000
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
100000
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
1500000
CY2019Q1 us-gaap Available For Sale Equity Securities Gross Unrealized Loss
AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
2800000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
32900000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1300000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
87100000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
100000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
14026000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
23475000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1600000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
163500000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1400000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
421024000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
421088000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
9325000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9343000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
13659000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
39873000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
40304000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
484248000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
484394000
CY2019Q1 ter Contractual Interest Expense On Coupon
ContractualInterestExpenseOnCoupon
1438000
CY2018Q2 ter Contractual Interest Expense On Coupon
ContractualInterestExpenseOnCoupon
1438000
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3608000
CY2018Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3434000
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
5046000
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
4872000
CY2015Q2 ter Pledge Percentage Of Capital Stock
PledgePercentageOfCapitalStock
0.65
CY2019Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2559000
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
107000
CY2018Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
7854000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
29184000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24852000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14707000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13815000
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13339000
CY2019Q1 us-gaap Purchase Obligation
PurchaseObligation
263000000
CY2019Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
255300000
CY2019Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2186000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
4398000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1830000
CY2019Q1 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
11000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
14000
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3440000
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8229000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50733000
CY2019Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1679997000
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1675000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1673000
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.125
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
172353000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
175522000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.125
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
172353000
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
175522000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4659000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10541000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2100000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2687000
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
70000
CY2019Q1 ter Deferred Revenue And Customer Advances Undelivered Elements And Other
DeferredRevenueAndCustomerAdvancesUndeliveredElementsAndOther
31971000
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4500000
CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-61000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2666000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9461000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
106472000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
577000
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
19629000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-718000
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6970000
CY2018Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
25356000
CY2018Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1478000
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1668000
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2030000
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1019000
CY2019Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-37000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
96435000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
577000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-718000
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-20000
CY2019Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-11000
CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-18000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2687000
CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
14318000
CY2019Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="margin: 0pt 0in 6pt; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 12pt;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">C. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS </div></div></div><div style="margin: 0pt 0in; text-indent: 0.8in; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">On January 26, 2017, the FASB issued ASU 2017-04,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#8220;Intangibles&#8212;Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment.&#8221;</div> The new guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will be the amount by which a reporting unit&#8217;s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The same one-step impairment test will be applied to goodwill at all reporting units, even those with zero or negative carrying amounts. Entities will be required to disclose the amount of goodwill at reporting units with zero or negative carrying amounts. The revised guidance will be applied prospectively, and is effective in 2020. Early adoption is permitted for any impairment tests performed after January 1, 2017. Teradyne is currently evaluating the impact of this ASU on its financial position, results of operations and statements of cash flows.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
3200000
CY2019Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-274000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
34590000
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
24553000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
2970000
CY2019Q1 ter Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Exchange Rate Impact
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyExchangeRateImpact
610000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
9472000
CY2018Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-435000
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
70543000
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
45102000
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-4968000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
38313000
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
15581000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5059000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5737000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15375000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18967000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14514000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10262000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5719000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11484000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21083000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
55238000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
19570000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
18293000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
13578000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
9693000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
5449000
CY2019Q1 us-gaap Prepaid Taxes
PrepaidTaxes
13404000
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
9646000
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
35.12
CY2019Q1 ter Contract Manufacturer And Supplier Prepayments
ContractManufacturerAndSupplierPrepayments
147015000
CY2019Q1 ter Deferred Revenue And Customer Advances Maintenance And Training
DeferredRevenueAndCustomerAdvancesMaintenanceAndTraining
58394000
CY2018Q4 ter Deferred Revenue And Customer Advances Maintenance And Training
DeferredRevenueAndCustomerAdvancesMaintenanceAndTraining
58362000
CY2019Q1 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
27242000
CY2018Q4 ter Contract Manufacturer And Supplier Prepayments
ContractManufacturerAndSupplierPrepayments
131642000
CY2018Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
27422000
CY2019Q1 ter Lessee Operating Lease Liability Payments Due In Rolling
LesseeOperatingLeaseLiabilityPaymentsDueInRolling
76055000
CY2019Q1 ter Prepaid Maintenance And Other Services
PrepaidMaintenanceAndOtherServices
7703000
CY2018Q4 ter Prepaid Maintenance And Other Services
PrepaidMaintenanceAndOtherServices
8487000
CY2019Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
16111000
CY2018Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12744000
CY2019Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
184233000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
162519000
CY2018Q4 ter Deferred Revenue And Customer Advances Undelivered Elements And Other
DeferredRevenueAndCustomerAdvancesUndeliveredElementsAndOther
24677000
CY2019Q1 ter Deferred Revenue And Customer Advances
DeferredRevenueAndCustomerAdvances
117607000
CY2018Q4 ter Deferred Revenue And Customer Advances
DeferredRevenueAndCustomerAdvances
110461000
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7909000
CY2018Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8200000
CY2019Q1 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
14000
CY2019Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3066000
CY2018Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3063000
CY2019Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1330000
CY2018Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-139000
CY2019Q1 us-gaap Product Warranty Accrual Payments
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