TERADYNE, INC TER Cash Flow

Teradyne, inc (TER)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Apr'18	Dec'17	Sep'17	Jun'17	Apr'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
534,521	467,468	486,183	470,304	473,943	451,779	202,067	185,505	259,445	257,692	429,962	390,336	0	-43,421	-110,408	-102,749	223,676	206,477	103,307	114,804	113,130	81,272	207,426	193,936	159,287	164,947	126,061	145,243	190,074	217,049	362,663	330,728	306,593	369,873	306,033	396,667	431,564	384,820	0	0	0
Less: Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,545	4,645	6,211	5,830	5,128	0	0	0
Less: Gain on disposal of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,371	0	0	0	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	343,957	277,017	366,085	400,531	379,692	0	0	0
Adjustments to reconcile net income from operations to net cash provided by operating activities:
Depreciation
72,638	70,800	68,978	68,126	67,715	67,400	66,787	66,782	66,293	66,100	65,588	65,088	0	64,782	64,087	64,119	65,028	68,181	73,089	75,835	77,476	73,390	68,276	63,550	58,461	57,317	57,110	57,023	56,876	55,049	52,426	50,973	50,271	51,040	51,767	52,052	52,672	52,810	0	0	0
Amortization
50,270	49,821	49,749	50,608	49,547	45,809	42,549	39,718	40,087	41,953	41,265	40,459	0	55,227	66,708	78,377	77,923	72,592	69,191	67,559	70,368	79,154	85,997	90,308	94,293	93,370	92,594	92,773	91,652	90,465	92,169	78,569	67,101	55,641	36,934	38,417	39,126	40,706	0	0	0
Stock-based compensation
38,883	37,897	37,072	34,061	33,507	33,577	33,804	34,410	34,696	34,097	33,358	32,605	0	30,750	30,383	30,503	30,413	30,451	31,514	32,182	33,037	40,307	41,258	42,065	42,822	36,612	36,513	36,601	38,177	39,920	40,457	39,051	35,639	32,337	29,533	29,318	29,268	29,777	0	0	0
Provision for excess and obsolete inventory
16,904	15,244	10,568	10,866	10,117	11,242	11,212	9,724	9,640	8,844	9,499	10,673	0	17,493	17,541	17,566	24,265	21,332	19,627	23,003	13,594	22,193	28,481	25,888	22,831	16,592	20,057	21,697	29,075	26,849	17,253	16,185	8,548	11,601	11,546	10,860	9,421	5,971	0	0	0
Deferred taxes
-12,487	-9,456	921	11,543	20,850	28,340	62,226	57,980	49,278	37,105	-21,047	-45,041	0	-62,936	-35,719	-18,211	-10,789	-7,124	-25,154	-24,602	-34,458	-19,928	7,148	6,217	15,566	-3,316	-20,731	-25,611	-8,326	5,556	0	0	0	-	-	-	-	-	-	-	-
Contingent consideration adjustment
-32,247	-19,257	-6,237	754	8,925	987	-3,263	-2,781	2,218	7,820	7,292	15,551	0	15,896	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-8,761	0	0	0	-	-	-	-	-	-	-	-
Losses (gains) on investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement plans actuarial losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	3,203	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from the sale of an equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash charge for the sale of inventories revalued at the date of acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,089	0	0	0	-	-	-	-	-	-	-	-
Other
-1,050	-766	-757	-344	91	-1,083	-2,092	-1,600	-2,976	-1,585	-880	-1,179	0	-602	2,406	612	-1,867	34	-3,287	-2,863	-1,598	-2,874	-3,193	-1,136	-841	5	979	1,755	2,750	2,250	5,481	2,949	1,899	794	-6,708	-5,871	-3,855	-2,528	0	0	0
Changes in operating assets and liabilities, net of businesses acquired:
Accounts receivable
155,513	70,440	6,920	-81,987	-81,103	17,938	82,768	45,798	97,539	80,584	102,958	57,634	0	-18,325	-79,510	53,004	75,070	57,267	-80,613	-8,692	-42,193	-8,060	111,363	71,996	49,347	3,656	3,922	-117,916	-54,933	24,093	35,000	111,360	8,352	-66,367	-155,867	-33,699	14,051	50,418	0	0	0
Inventories
8,673	27,408	9,524	10,662	11,398	29,498	12,927	-31,826	-86,095	-44,960	-9,432	4,108	0	-34,263	-30,784	-22,281	-8,897	-15,559	-46,912	-56,834	-55,128	-51,803	-26,355	-14,378	-28,957	-22,282	-26,776	-22,579	10,024	-17,652	-25,489	-35,837	-33,730	615	7,015	35,522	23,378	-3,715	0	0	0
Prepayments and other assets
44,756	23,784	45,801	77,110	76,371	58,402	33,827	530	-471	-2,254	-1,441	1,112	0	19,194	25,768	24,677	1,260	-3,034	-9,282	-28,591	-45,311	-41,537	-24,524	5,295	49,130	49,572	36,585	25,299	5,950	2,995	678	6,138	17,358	21,509	0	0	0	-	-	-	-
Accounts payable and other liabilities
67,279	49,279	18,376	7,424	7,076	13,693	54,400	915	4,421	43,574	51,702	47,364	-2,079	6,820	-33,799	-984	79,944	58,448	-21,876	-44,834	-20,093	-45,430	44,331	83,429	17,122	15,205	-15,227	-75,378	-70,955	-32,810	-18,339	-11,807	-31,467	-48,222	-80,571	549	35,944	62,201	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred revenue and customer advances
31,945	39,313	31,335	18,687	10,190	13,379	-19,728	10,190	17,961	4,984	-22,479	-104,394	0	-3,634	63,640	117,398	2,137	17,011	14,518	13,918	13,439	22,033	-5,464	-12,368	-9,347	-28,979	-13,225	-11,240	-22,923	-14,627	-20,706	-46,218	-45,510	-68,359	-61,580	-18,496	83,605	72,744	0	0	0
Retirement plans contributions
-5,138	-5,086	-4,865	-4,575	-4,524	-4,334	-4,288	-6,092	-5,975	-5,902	-5,031	-5,729	0	-6,044	-14,968	-12,394	-12,326	-12,095	-33,633	-33,527	-33,510	-33,916	-5,252	-5,417	-5,902	-5,540	-4,668	-4,739	-4,780	-4,778	-9,137	-9,156	-11,736	-11,851	-7,996	-33,020	-46,969	-52,452	0	0	0
Income taxes
24,498	-13,584	-78,501	-69,094	-91,127	-80,429	124,842	133,131	147,408	173,802	30,015	32,791	0	18,434	-26,606	-28,411	-9,870	-5,156	39,886	42,183	38,688	24,417	-2,862	3,211	156	680	-16,759	-7,190	11,095	19,804	0	0	0	-	-	-	-	-	-	-	-
Net cash used for operating activities
-	-	-	-	-	-	-	-	0	-	-	-	0	-	468,435	446,201	421,264	423,076	547,563	502,165	555,415	492,062	361,381	383,087	279,383	268,710	0	0	0	-	-	-	-	279,659	394,079	555,010	560,329	561,329	0	0	0
Net cash used for discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,804	-3,025	-1,118	-511	4,957	0	0	0
Net cash provided by operating activities
603,836	578,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	422,530	266,533	266,406	274,855	391,054	553,892	559,818	566,286	0	0	0
Cash flows from investing activities:
Purchases of property, plant and equipment
145,631	134,642	122,158	110,672	105,293	114,379	120,397	122,071	118,106	105,375	92,267	84,646	0	85,272	89,403	90,361	89,063	89,878	89,357	123,703	158,934	168,982	170,158	147,322	115,381	106,731	110,873	112,074	114,553	119,080	110,606	99,434	91,040	86,097	88,708	84,805	80,588	76,044	0	0	0
Purchases of marketable securities
474,636	662,701	714,762	755,854	803,604	918,744	1,164,915	1,704,169	1,728,924	1,391,917	1,816,953	1,553,775	0	1,656,267	1,342,233	1,271,063	1,310,145	1,424,002	1,692,293	1,645,687	1,657,118	1,578,743	1,355,998	1,235,742	1,303,252	1,170,506	896,636	1,052,428	792,648	748,229	602,719	341,153	554,629	685,823	985,778	1,145,498	986,667	870,777	0	0	0
Proceeds from maturities of marketable securities
569,183	611,927	729,811	1,033,770	1,198,942	1,270,439	1,162,526	863,936	826,195	701,681	514,325	422,815	0	243,232	232,063	256,872	293,500	360,264	405,156	424,338	430,258	570,358	610,163	625,389	677,269	516,499	470,564	407,439	298,088	225,085	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of marketable securities
115,151	105,586	63,232	59,523	50,891	846,122	927,741	1,043,545	1,114,824	527,746	829,219	831,250	0	852,794	939,141	1,019,529	1,406,862	1,316,131	1,467,403	1,338,311	907,005	859,729	361,583	561,054	538,160	458,491	357,002	78,511	53,722	38,284	133,621	702,503	564,618	746,810	687,496	161,971	336,282	154,903	0	0	0
Acquisition of businesses, net of cash acquired
0	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of an equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of trading marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,330	0	0	0
Proceeds from life insurance
-	-2,912	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-1,098	-9,673	-9,673	-9,673	-4,184	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-255,381	-80,381	19,037	-113,722	-204,954	-302,195	-492,535	-332,873	-531,113	-173,324	-179,907	-283,341	0	0	0	-	-	-	-	-121,610	237,843	-562,723	-566,865	-627,660	0	0	0
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,062	0	0	0	-	-	-	-
Net cash used for investing activities
-5,917	-156,660	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,005,198	-114,534	-130,970	-82,548	276,905	-523,661	-527,835	-627,660	0	0	0
Cash flows from financing activities:
Issuance of common stock under stock purchase and stock option plans
27,796	29,312	29,294	25,381	24,587	20,973	20,990	19,959	20,063	24,493	24,850	17,792	0	20,473	21,470	19,548	19,771	19,530	18,406	28,526	20,025	21,291	21,848	18,601	18,840	17,596	17,296	11,131	17,473	18,477	18,128	17,317	17,234	17,385	19,670	19,858	48,676	44,679	0	0	0
Repurchase of common stock
422,571	500,000	629,997	709,905	845,670	823,478	610,746	466,771	296,850	200,304	213,060	183,876	0	146,331	158,198	228,416	281,300	299,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend payments
62,405	61,305	62,271	63,659	65,334	67,322	65,037	62,204	59,014	55,447	53,801	52,119	0	48,619	48,827	49,281	49,917	50,713	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to net settlement of employee stock compensation awards
22,493	14,741	14,732	14,718	14,712	20,023	20,138	20,194	20,221	12,881	12,753	12,684	0	9,398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration
8,852	27,615	27,615	27,615	27,615	13,571	13,571	13,571	13,571	1,050	1,050	1,050	0	11,697	0	0	0	-	-	-	-	-	-	-	-	388	16,125	54,274	54,199	59,710	0	0	0	-	-	-	-	-	-	-	-
Payments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190,972	0	0	0	-	-	-	-	2,533	1,246	2,542	2,542	2,518	2,518	2,404	2,404	2,305	0	0	0
Net cash used for financing activities
-488,484	-574,349	-705,321	-790,516	-928,771	-903,421	-688,502	-542,781	-369,593	-245,189	164,803	192,079	0	228,444	-211,815	-285,410	-339,888	-338,905	-260,096	-153,910	-76,561	-206,571	-191,432	-182,739	-172,069	17,349	518	-43,019	-29,523	-35,276	-26,803	-18,341	-22,307	-16,308	-6,711	21,171	46,272	42,374	0	0	0
Effects of exchange rate changes on cash and cash equivalents
331	-569	-622	-269	-1,368	439	1,339	1,919	3,337	3,454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
109,766	-152,828	-220,080	14,723	-154,145	496,909	395,342	-117,965	313,127	121,959	120,740	217,254	0	43,179	3,720	80,410	100,413	-29,551	82,513	46,060	-13,681	-47,382	-361,164	27,024	-72,593	2,718	87,176	-361,455	-228,177	-234,816	-609,471	133,658	113,129	175,999	661,248	51,402	78,255	-19,000	0	0	0
Supplementary disclosure of cash flow information: