TELEDYNE TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
TDY$646.13+0.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
TELEDYNE TECHNOLOGIES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Fiscal Year | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities | |||
| Net income (loss) including noncontrolling interest | $886.6 | $788.9 | $445.3 |
| Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 316.4 | 332.2 | 371.8 |
| Stock-based compensation | 32.3 | 31.5 | 33.9 |
| Bridge financing and debt extinguishment (income) expense | (1.6) | (10.6) | 30.5 |
| Changes in operating assets and liabilities, net of businesses acquired: | |||
| Accounts receivable and unbilled receivables | (21.7) | (87.9) | (158.9) |
| Inventories | (14.3) | (155.2) | 7.0 |
| Prepaid expenses and other assets | (42.6) | (50.4) | 11.8 |
| Accounts payable | (124.9) | 45.9 | 99.1 |
| Accrued expenses and other liabilities | 49.7 | (344.2) | (5.7) |
| Deferred taxes and income taxes receivable (payable), net | (230.9) | (35.2) | (21.4) |
| Other, net | (12.9) | (28.2) | 11.2 |
| Net cash provided by (used in) operating activities | 836.1 | 486.8 | 824.6 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (114.9) | (92.6) | (101.6) |
| Purchase of businesses and other investments, net of cash acquired | (77.7) | (99.6) | (3,723.3) |
| Other, net | 2.3 | 16.8 | 0.6 |
| Net cash provided by (used in) investing activities | (190.3) | (175.4) | (3,824.3) |
| Financing Activities | |||
| Net proceeds (repayments) from credit facility | (125.0) | — | — |
| Proceeds from issuance of term loans and senior notes, net | — | — | 3,975.9 |
| Payments on other debt | (553.9) | (174.8) | (1,141.7) |
| Liquidations (maturities) of cross currency swap | (13.5) | 43.1 | — |
| Proceeds from stock options exercised | 45.4 | 23.6 | 25.4 |
| Payments for bridge financing and debt extinguishment | — | — | (30.5) |
| Other, net | (4.5) | (1.9) | (22.0) |
| Net cash provided by (used in) financing activities | (651.5) | (110.0) | 2,807.1 |
| Effect of exchange rate changes on cash and cash equivalents | 15.9 | (38.0) | (5.8) |
| Change in cash and cash equivalents | 10.2 | 163.4 | (198.4) |
| Cash and cash equivalents—beginning of period | 638.1 | 474.7 | 673.1 |
| Cash and cash equivalents—end of period | $648.3 | $638.1 | $474.7 |
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