Teradyne, inc (TER)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues:
Total revenues

2,294,965

2,100,802

2,136,606

1,753,250

1,639,578

1,647,824

1,427,933

1,656,750

1,429,061

1,566,162

777,425

1,107,042

Cost of revenues:
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)

955,136

880,408

915,153

794,642

723,935

769,016

619,132

770,713

717,238

708,579

477,979

608,850

Gross profit

1,339,829

1,220,394

1,221,453

958,608

915,643

878,808

808,801

886,037

711,823

857,583

299,446

498,192

Operating expenses:
Selling and administrative

437,084

390,669

348,913

316,544

306,313

319,713

279,560

277,016

232,093

225,333

195,353

247,789

Engineering and development

322,824

301,505

307,305

292,159

292,250

291,639

264,055

255,866

201,024

191,863

161,342

216,461

Acquired intangible assets amortization

40,100

39,200

30,500

52,648

69,031

70,771

72,447

73,508

40,465

29,250

32,296

20,633

Restructuring and other

-13,880

15,232

9,362

21,942

5,080

1,365

2,080

-7,721

6,743

-3,800

35,309

62,775

Goodwill impairment

-

-

-

254,946

-

98,897

0

-

-

-

-

329,674

Acquired intangible assets impairment

-

-

-

83,339

-

-

-

-

-

-

-

-

In-process research and development

-

-

-

-

-

-

-

-

-

-

-

1,600

Total operating expenses

786,175

746,597

696,110

1,021,578

672,674

782,385

618,142

598,669

480,325

442,646

424,300

878,932

Income from operations

553,654

473,797

525,343

-62,970

242,969

96,423

190,659

287,368

231,498

414,937

-124,854

-380,740

Non-operating (income) expense:
Interest income

24,785

26,704

17,805

9,296

7,214

6,259

4,129

4,090

6,617

5,861

3,417

12,558

Interest expense

23,145

31,269

21,663

3,637

1,876

6,934

26,097

24,534

23,694

24,451

22,447

-

Other (income) expense, net

-29,522

-1,431

2,927

2,251

4,817

-372

33,231

-948

-

-

-

-14,236

Income before income taxes

525,772

467,801

524,412

-55,060

253,124

95,376

201,922

265,976

214,421

396,347

-143,884

-382,418

Income tax provision (benefit)

58,300

16,000

266,700

-11,639

46,647

14,104

36,975

48,927

-129,536

16,655

-8,521

12,577

Income from continuing operations

-

-

-

-

-

-

-

-

343,957

379,692

-135,363

-394,995

Income from discontinued operations before income taxes

-

-

-

-

-

-

-

-

1,278

5,406

1,247

768

Benefit for income taxes

-

-

-

-

-

-

-

-

-267

278

-279

0

Income from discontinued operations

-

-

-

-

-

-

-

-

1,545

5,128

1,526

768

Gain on disposal of discontinued operations (net of tax $4,578)

-

-

-

-

-

-

-

-

24,371

-

-

-

Net income

467,468

451,779

257,692

-43,421

206,477

81,272

164,947

217,049

369,873

384,820

-133,837

-394,227

Basic

-

-

-

-

-

-

-

-

1.86

2.11

-0.78

-2.32

Diluted

-

-

-

-

-

-

-

-

1.52

1.73

-0.78

-2.32

Net income per common share:
Basic

2.74

2.41

1.30

-0.21

0.98

0.40

0.86

1.16

2.00

2.14

-0.77

-2.31

Diluted

2.60

2.35

1.28

-0.21

0.97

0.37

0.70

0.94

1.63

1.75

-0.77

-2.31

Weighted average common shares—basic

170,425

187,672

198,069

202,578

211,544

202,908

190,772

186,878

184,683

179,924

173,604

170,593

Weighted average common shares—diluted

179,459

192,605

201,641

202,578

213,321

222,550

235,599

230,246

226,820

226,807

173,604

170,593

Cash dividend declared per common share

0.36

0.36

0.28

0.24

0.24

0.18

-

-

-

-

-

-

Product [Member]
Total revenues

1,887,674

1,729,621

1,784,695

1,453,248

1,340,566

1,364,024

1,154,922

1,383,569

1,160,191

1,330,942

576,547

836,045

Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)

782,047

727,138

760,967

660,056

591,772

640,787

499,030

642,881

578,936

589,891

370,907

451,225

Service [Member]
Total revenues

407,291

371,181

351,911

300,002

299,012

283,800

273,011

273,181

268,870

235,220

200,878

270,997

Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)

173,089

153,270

154,186

134,586

132,163

128,229

120,102

127,832

138,302

118,688

107,072

157,625