TELEDYNE TECHNOLOGIES INCORPORATED |
||||||||||||||||||||||
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES |
||||||||||||||||||||||
SUMMARY OF QUARTERLY OPERATING INCOME |
||||||||||||||||||||||
(Unaudited - in millions) |
||||||||||||||||||||||
|
First Quarter 2021 |
|||||||||||||||||||||
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Digital Imaging |
$ |
52.0 |
|
|
|
$ |
4.6 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
56.6 |
|
|
|
Instrumentation |
59.4 |
|
|
|
5.0 |
|
|
— |
|
|
— |
|
|
64.4 |
|
|
||||||
Aerospace and Defense Electronics |
28.3 |
|
|
|
0.2 |
|
|
— |
|
|
— |
|
|
28.5 |
|
|
||||||
Engineered Systems |
14.9 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
14.9 |
|
|
||||||
| Corporate expense |
(19.4 |
) |
|
|
— |
|
|
— |
|
|
5.9 |
|
|
(13.5 |
) |
|
||||||
| Total |
$ |
135.2 |
|
|
|
$ |
9.8 |
|
|
$ |
— |
|
|
$ |
5.9 |
|
|
$ |
150.9 |
|
|
|
|
|
Second Quarter 2021 |
|||||||||||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Digital Imaging |
$ |
84.6 |
|
|
|
$ |
27.4 |
|
|
$ |
23.4 |
|
|
$ |
24.0 |
|
|
$ |
159.4 |
|
|
|
| Instrumentation |
64.6 |
|
|
|
5.2 |
|
|
— |
|
|
— |
|
|
69.8 |
|
|
||||||
| Aerospace and Defense Electronics |
28.4 |
|
|
|
0.2 |
|
|
— |
|
|
— |
|
|
28.6 |
|
|
||||||
| Engineered Systems |
11.0 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
11.0 |
|
|
||||||
| Corporate expense |
(84.2 |
) |
|
|
— |
|
|
— |
|
|
70.5 |
|
|
(13.7 |
) |
|
||||||
| Total |
$ |
104.4 |
|
|
|
$ |
32.8 |
|
|
$ |
23.4 |
|
|
$ |
94.5 |
|
|
$ |
255.1 |
|
|
|
|
|
First Six Months 2021 |
|||||||||||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Digital Imaging |
$ |
136.6 |
|
|
|
$ |
32.0 |
|
|
$ |
23.4 |
|
|
$ |
24.0 |
|
|
$ |
216.0 |
|
|
|
| Instrumentation |
124.0 |
|
|
|
10.2 |
|
|
— |
|
|
— |
|
|
134.2 |
|
|
||||||
| Aerospace and Defense Electronics |
56.7 |
|
|
|
0.4 |
|
|
— |
|
|
— |
|
|
57.1 |
|
|
||||||
| Engineered Systems |
25.9 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
25.9 |
|
|
||||||
| Corporate expense |
(103.6 |
) |
|
|
— |
|
|
— |
|
|
76.4 |
|
|
(27.2 |
) |
|
||||||
| Total |
$ |
239.6 |
|
|
|
$ |
42.6 |
|
|
$ |
23.4 |
|
|
$ |
100.4 |
|
|
$ |
406.0 |
|
|
|
| TELEDYNE TECHNOLOGIES INCORPORATED |
||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES |
||||||||||||||
| SUMMARY OF QUARTERLY OPERATING INCOME (continued) |
||||||||||||||
| (Unaudited - in millions) |
||||||||||||||
|
|
First Quarter 2020 |
|||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
|||||||||
|
|
|
|
|
|
|
|||||||||
| Digital Imaging |
$ |
43.8 |
|
|
|
$ |
4.6 |
|
|
$ |
48.4 |
|
|
|
| Instrumentation |
50.8 |
|
|
|
4.8 |
|
|
55.6 |
|
|
||||
| Aerospace and Defense Electronics |
13.4 |
|
|
|
0.2 |
|
|
13.6 |
|
|
||||
| Engineered Systems |
11.4 |
|
|
|
— |
|
|
11.4 |
|
|
||||
| Corporate expense |
(15.4 |
) |
|
|
— |
|
|
(15.4 |
) |
|
||||
| Total |
$ |
104.0 |
|
|
|
$ |
9.6 |
|
|
113.6 |
|
|
||
|
|
Second Quarter 2020 |
|||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
|||||||||
|
|
|
|
|
|
|
|||||||||
| Digital Imaging |
$ |
46.8 |
|
|
|
$ |
4.4 |
|
|
$ |
51.2 |
|
|
|
| Instrumentation |
48.5 |
|
|
|
5.1 |
|
|
53.6 |
|
|
||||
| Aerospace and Defense Electronics |
17.5 |
|
|
|
0.2 |
|
|
17.7 |
|
|
||||
| Engineered Systems |
10.8 |
|
|
|
— |
|
|
10.8 |
|
|
||||
| Corporate expense |
(13.8 |
) |
|
|
— |
|
|
(13.8 |
) |
|
||||
| Total |
$ |
109.8 |
|
|
|
$ |
9.7 |
|
|
$ |
119.5 |
|
|
|
|
|
Third Quarter 2020 |
|||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
|||||||||
|
|
|
|
|
|
|
|||||||||
| Digital Imaging |
$ |
45.5 |
|
|
|
$ |
4.5 |
|
|
$ |
50.0 |
|
|
|
| Instrumentation |
50.7 |
|
|
|
5.1 |
|
|
55.8 |
|
|
||||
| Aerospace and Defense Electronics |
26.7 |
|
|
|
0.3 |
|
|
27.0 |
|
|
||||
| Engineered Systems |
12.5 |
|
|
|
— |
|
|
12.5 |
|
|
||||
| Corporate expense |
(12.9 |
) |
|
|
— |
|
|
(12.9 |
) |
|
||||
| Total |
$ |
122.5 |
|
|
|
$ |
9.9 |
|
|
$ |
132.4 |
|
|
|
|
|
Fourth Quarter 2020 |
|||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
|||||||||
|
|
|
|
|
|
|
|||||||||
| Digital Imaging |
$ |
56.7 |
|
|
|
$ |
4.6 |
|
|
$ |
61.3 |
|
|
|
| Instrumentation |
63.2 |
|
|
|
4.8 |
|
|
68.0 |
|
|
||||
| Aerospace and Defense Electronics |
23.2 |
|
|
|
0.2 |
|
|
23.4 |
|
|
||||
| Engineered Systems |
15.4 |
|
|
|
— |
|
|
15.4 |
|
|
||||
| Corporate expense |
(14.7 |
) |
|
|
— |
|
|
(14.7 |
) |
|
||||
| Total |
$ |
143.8 |
|
|
|
$ |
9.6 |
|
|
$ |
153.4 |
|
|
|
