TELEDYNE TECHNOLOGIES INC
For the period ended Sep 29, 2024. Filed Oct 28, 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.
Sep 29, 2024 · Filed Oct 28, 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 NINE MONTHS ENDED SEPTEMBER 29, 2024 AND OCTOBER 1, 2023
| Nine Months | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income (loss) including noncontrolling interest | $621.6 | $563.1 |
| Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 232.7 | 239.0 |
| Stock-based compensation | 30.0 | 24.3 |
| Debt extinguishment (income) expense | — | (1.6) |
| Changes in operating assets and liabilities excluding the effect of business acquired: | ||
| Accounts receivable and unbilled receivables | (45.9) | (31.1) |
| Inventories | (33.0) | (77.2) |
| Accounts payable | 55.2 | (47.4) |
| Deferred taxes and income taxes receivable (payable), net | (63.1) | 41.0 |
| Prepaid expenses and other assets | (16.7) | (26.3) |
| Accrued expenses and other liabilities | 69.1 | (13.4) |
| Other operating, net | 9.6 | 1.3 |
| Net cash provided by (used in) operating activities | 859.5 | 671.7 |
| Investing Activities | ||
| Purchases of property, plant and equipment | (54.7) | (74.7) |
| Purchases of businesses, net of cash acquired | (123.7) | (53.5) |
| Other investing, net | 0.2 | 0.9 |
| Net cash provided by (used in) investing activities | (178.2) | (127.3) |
| Financing Activities | ||
| Proceeds from (payments on) fixed rate senior notes | (450.0) | (308.4) |
| Net borrowings from (repayments made to) credit facility | — | (125.0) |
| Proceeds from (payments on) other debt | (0.2) | (245.3) |
| Proceeds from exercise of stock options | 16.5 | 27.2 |
| Purchases of treasury stock | (332.6) | — |
| Liquidation (maturity) of cross currency swap | — | (13.5) |
| Other financing, net | (6.1) | (0.7) |
| Net cash provided by (used in) financing activities | (772.4) | (665.7) |
| Effects of exchange rate changes on cash | 3.8 | (8.2) |
| Change in cash and cash equivalents | (87.3) | (129.5) |
| Cash and cash equivalents—beginning of period | 648.3 | 638.1 |
| Cash and cash equivalents—end of period | $561.0 | $508.6 |
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