a) |
|
The third quarter and first nine months of 2022 includes pretax charges of $40.9 million and $127.4 million in acquired intangible asset amortization related to FLIR, respectively. The third quarter of 2021 includes pretax charges of $82.6 million related to the acquisition of FLIR, of which, $82.3 million was recorded in the Digital Imaging segment and $0.3 million was recorded to corporate expense. The first nine months of 2021 includes pretax charges of $259.8 million related to the acquisition of FLIR, of which, $152.5 million was recorded in the Digital Imaging segment, $76.7 million was recorded to corporate expense and $30.6 million was recorded to interest and debt expense. |
b) |
|
The third quarter and first nine months of 2022 includes net discrete income tax benefits of $0.3 million and $57.8 million, respectively. The third quarter and first nine months of 2021 includes net discrete income tax benefits of $6.3 million and $8.5 million, respectively. |
This financial statement was prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – in millions) |
||||||||
|
|
October 2, 2022 |
|
January 2, 2022 |
||||
ASSETS |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
479.3 |
|
$ |
474.7 |
||
Accounts receivable and unbilled receivables, net |
|
|
1,079.9 |
|
|
|
1,083.8 |
|
Inventories, net |
|
|
834.1 |
|
|
|
752.9 |
|
Prepaid expenses and other current assets |
|
|
126.1 |
|
|
|
118.0 |
|
Total current assets |
|
|
2,519.4 |
|
|
|
2,429.4 |
|
Property, plant and equipment, net |
|
|
747.9 |
|
|
|
827.5 |
|
Goodwill and acquired intangible assets, net |
|
|
10,140.0 |
|
|
|
10,728.3 |
|
| Prepaid pension assets |
|
|
141.3 |
|
|
|
123.7 |
|
| Other assets, net |
|
|
282.8 |
|
|
|
321.4 |
|
| Total assets |
|
$ |
13,831.4 |
|
|
$ |
14,430.3 |
|
| LIABILITIES AND EQUITY |
|
|
|
|
||||
| Accounts payable |
|
$ |
499.5 |
|
|
$ |
469.5 |
|
| Accrued liabilities |
|
|
619.0 |
|
|
|
1,028.9 |
|
| Current portion of long-term debt |
|
|
300.0 |
|
|
|
— |
|
| Total current liabilities |
|
|
1,418.5 |
|
|
|
1,498.4 |
|
| Long-term debt, net of current portion |
|
|
3,618.4 |
|
|
|
4,099.4 |
|
| Other long-term liabilities |
|
|
1,131.6 |
|
|
|
1,210.5 |
|
| Total liabilities |
|
|
6,168.5 |
|
|
|
6,808.3 |
|
| Total equity |
|
|
7,662.9 |
|
|
|
7,622.0 |
|
| Total liabilities and equity |
|
$ |
13,831.4 |
|
|
$ |
14,430.3 |
|
