TELEDYNE TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
TDY$646.13+0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND APRIL 2, 2023
(Unaudited - Amounts in millions)
| Three Months | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income (loss) including noncontrolling interest | $179.1 | $178.8 |
| Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 78.0 | 82.1 |
| Stock-based compensation | 12.0 | 7.9 |
| Changes in operating assets and liabilities excluding the effect of business acquired: | ||
| Accounts receivable and unbilled receivables | 12.1 | 50.0 |
| Inventories | (25.2) | (57.6) |
| Accounts payable | 27.7 | (10.8) |
| Deferred taxes and income taxes receivable (payable), net | 19.3 | 7.2 |
| Prepaid expenses and other assets | (1.5) | (11.3) |
| Accrued expenses and other liabilities | (21.8) | (34.6) |
| Other operating, net | 11.3 | (8.7) |
| Net cash provided by (used in) operating activities | 291.0 | 203.0 |
| Investing Activities | ||
| Purchases of property, plant and equipment | (15.9) | (24.4) |
| Purchase of businesses, net of cash acquired | — | (52.5) |
| Net cash provided by (used in) investing activities | (15.9) | (76.9) |
| Financing Activities | ||
| Net borrowings from (repayments made to) credit facility | — | (100.0) |
| Proceeds from (payments on) other debt | (0.1) | (0.1) |
| Proceeds from exercise of stock options | 9.1 | 10.2 |
| Liquidation (maturity) of cross currency swap | — | (13.5) |
| Other financing, net | (2.9) | — |
| Net cash provided by (used in) financing activities | 6.1 | (103.4) |
| Effect of exchange rate changes on cash | (17.1) | 4.4 |
| Change in cash and cash equivalents | 264.1 | 27.1 |
| Cash and cash equivalents—beginning of period | 648.3 | 638.1 |
| Cash and cash equivalents—end of period | $912.4 | $665.2 |
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