Teradyne Reports First Quarter 2019 Results

CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)

			March 31, 2019		December 31, 2018
Assets
	Cash and cash equivalents		$	483,728	$	926,752
	Marketable securities			421,088		190,096
	Accounts receivable, net			333,840		291,267
	Inventories, net			161,342		153,541
	Prepayments and other current assets			194,044		170,826
		Total current assets		1,594,042		1,732,482

	Property, plant and equipment, net			283,300		279,821
	Operating lease right-of-use assets, net			50,733		-
	Marketable securities			91,926		87,731
	Deferred tax assets			69,687		70,848
	Other assets			11,279		11,509
	Retirement plans assets			16,791		16,883
	Acquired intangible assets, net			119,372		125,482
	Goodwill			379,513		381,850

		Total assets	$	2,616,643	$	2,706,606

Liabilities
	Accounts payable		$	118,816	$	100,688
	Accrued employees' compensation and withholdings			89,089		148,566
	Deferred revenue and customer advances			84,764		77,711
	Other accrued liabilities			67,422		78,272
	Contingent consideration			22,803		34,865
	Operating lease liabilities			17,176		-
	Income taxes payable			41,898		36,185

		Total current liabilities		441,968		476,287

	Retirement plans liabilities			121,205		117,456
	Long-term deferred revenue and customer advances			32,843		32,750
	Deferred tax liabilities			19,614		20,662
	Long-term other accrued liabilities			9,732		37,547
	Long-term contingent consideration			15,510		35,678
	Long-term operating lease liabilities			38,062		-
	Long-term income taxes payable			83,891		83,891
	Long-term debt			383,590		379,981

		Total liabilities		1,146,415		1,184,252

Shareholders' equity				1,470,228		1,522,354

		Total liabilities and shareholders' equity	$	2,616,643	$	2,706,606

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