Teledyne Technologies Reports Fourth Quarter Results

This financial statement was prepared in accordance with U.S. generally accepted accounting principles.

TELEDYNE TECHNOLOGIES INCORPORATED

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited – in millions)

 

January 2, 2022

January 3, 2021

ASSETS

 

 

Cash and cash equivalents

$

474.7

$

673.1

Accounts receivable, net

 

1,083.8

 

624.1

Inventories, net

 

752.9

 

347.3

Prepaid expenses and other current assets

 

118.0

 

78.1

Total current assets

 

2,429.4

 

1,722.6

Property, plant and equipment, net

 

827.5

 

489.3

Goodwill and acquired intangible assets, net (a)

 

10,728.3

 

2,559.7

Prepaid pension assets

 

123.7

 

67.9

Other assets, net

 

337.1

 

245.3

Total assets

$

14,446.0

$

5,084.8

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

Accounts payable

$

469.5

$

229.1

Accrued liabilities

 

1,014.2

 

434.2

Current portion of long-term debt and other debt

 

 

97.6

Total current liabilities

 

1,483.7

 

760.9

Long-term debt, net of current portion

 

4,099.4

 

680.9

Other long-term liabilities

 

1,240.9

 

414.4

Total liabilities

 

6,824.0

 

1,856.2

Total stockholders’ equity (b)

 

7,622.0

 

3,228.6

Total liabilities and stockholders’ equity

$

14,446.0

$

5,084.8

a)

The increase in goodwill and acquired intangible assets, net primarily reflects the estimated amounts related to the acquisition of FLIR on May 14, 2021.

b)

The increase in total stockholders' equity primarily reflects the value of Teledyne common stock issued in connection with the acquisition of FLIR on May 14, 2021.


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