TERADYNE, INC TER Income Statement

Teradyne, inc (TER)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'17	Jul'17	Apr'17	Dec'16	Sep'16	Jul'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	Sep'09	Jun'09
Revenues:
Total revenues
704,355	654,650	582,038	564,178	494,099	519,558	566,848	526,929	487,467	479,415	503,378	696,901	456,913	379,989	410,475	531,792	430,994	318,444	465,994	512,739	342,401	323,236	478,010	525,567	321,010	285,301	433,376	428,889	280,367	248,404	463,394	548,284	396,668	296,992	344,389	410,519	377,161	310,162	491,391	445,271	319,338	262,162	169,580
Cost of revenues:
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
298,805	271,412	237,000	240,260	206,464	210,023	233,155	219,595	217,635	208,485	208,509	306,263	191,897	160,983	183,116	248,922	200,662	152,418	207,368	214,171	149,978	163,010	216,889	235,154	153,963	125,444	179,082	187,656	126,950	122,999	203,194	238,778	205,742	163,025	174,015	195,929	184,269	145,157	219,592	194,369	149,461	155,407	122,451
Gross profit
405,550	383,238	345,038	323,918	287,635	309,535	333,693	307,334	269,832	270,930	294,869	390,638	265,016	219,006	227,359	282,870	230,332	166,026	258,626	298,568	192,423	160,226	261,121	290,413	167,047	159,857	254,294	241,233	153,417	125,405	260,200	309,506	190,926	133,967	170,374	214,590	192,892	165,005	271,799	250,902	169,877	106,755	47,129
Operating expenses:
Selling and administrative
111,388	117,092	109,166	108,811	102,013	100,552	100,202	99,410	90,505	87,880	86,130	90,111	84,792	76,289	78,794	81,425	79,174	79,718	77,481	77,073	72,041	91,157	73,064	77,489	78,003	69,523	72,917	69,230	67,890	70,436	69,030	72,064	66,633	64,943	54,775	58,028	57,573	52,357	60,560	57,730	54,686	46,314	47,257
Engineering and development
85,159	86,794	77,804	81,434	76,791	74,706	77,049	75,342	74,408	72,070	76,986	82,270	75,978	70,052	71,400	76,109	73,464	70,941	74,027	75,832	71,450	79,188	71,953	73,414	67,085	64,613	68,918	67,773	62,751	61,660	63,946	67,834	61,279	56,364	45,896	48,394	47,144	45,537	49,048	49,341	47,937	38,266	38,451
Acquired intangible assets amortization
9,900	9,784	9,647	10,083	10,600	10,558	11,142	9,793	7,698	7,384	7,028	8,166	7,952	7,923	8,487	16,244	19,994	19,911	20,053	15,258	13,808	15,957	18,271	18,271	18,271	18,284	18,064	18,063	18,036	18,221	18,429	18,429	18,429	19,129	6,754	7,291	7,291	7,290	7,291	7,313	7,356	8,214	8,214
Restructuring and other
-7,606	-2,088	-6,500	-10,404	5,112	11,446	1,710	2,389	-313	8,970	-4,407	2,288	2,511	5,570	12,177	2,608	1,587	5,204	261	-385	-	1,198	-405	572	-	600	889	259	332	-317	683	-6,262	-1,825	3,824	1,465	1,041	413	-3,098	-1,977	371	904	5,189	15,270
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	254,946	-	-	-	-	-	98,897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired intangible assets impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
198,832	211,582	190,117	189,924	194,550	197,262	190,103	186,934	172,298	176,304	165,737	182,835	171,233	159,834	170,858	514,671	174,219	175,774	171,822	167,778	157,299	286,397	162,883	169,746	163,359	153,020	160,788	155,325	149,009	150,000	152,088	152,065	144,516	144,260	108,890	114,754	112,421	102,086	114,922	114,755	110,883	97,983	109,192
Income from operations
206,718	171,656	154,921	133,994	93,085	112,273	143,590	120,400	97,534	94,626	129,132	207,803	93,783	59,172	56,501	-231,801	56,113	-9,748	86,804	130,790	35,124	-126,171	98,238	120,667	3,688	6,837	93,506	85,908	4,408	-24,595	108,112	157,441	46,410	-10,293	61,484	99,836	80,471	62,919	156,877	136,147	58,994	8,772	-62,063
Non-operating (income) expense:
Interest income
2,751	6,145	5,159	5,430	4,989	9,083	6,213	5,427	5,981	6,476	4,517	3,292	3,520	3,095	2,892	1,666	1,642	2,017	1,708	1,674	1,816	2,035	1,922	1,266	1,036	1,206	948	903	1,072	1,256	1,067	874	893	878	3,049	1,403	1,287	212	1,466	3,681	502	1,003	1,141
Interest expense
5,551	5,950	5,682	5,800	5,520	13,182	5,557	5,639	6,890	5,380	5,372	5,509	5,402	1,604	633	691	710	762	508	444	162	214	144	159	6,417	6,771	6,488	6,435	6,403	6,946	6,154	6,323	6,059	6,134	6,068	5,316	6,176	5,096	6,033	7,755	5,567	4,600	8,046
Other (income) expense, net
-6,849	-22,965	-2,665	-2,447	1,425	2,954	-3,405	-176	-805	2,362	-840	1,291	115	-1,779	921	9	147	-364	-596	116	5,660	-463	654	-382	-180	34,168	-414	-19	-503	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
197,069	148,886	151,733	131,177	93,979	111,128	140,841	120,012	95,820	98,084	127,437	206,877	92,016	58,884	59,681	-230,817	57,192	-8,857	87,408	132,136	42,438	-124,813	100,670	121,392	-1,873	35,439	87,552	80,357	-1,426	-30,285	103,025	151,992	41,244	-15,549	58,465	95,923	75,582	58,035	152,310	132,073	53,929	5,175	-68,968
Income tax provision (benefit)
20,878	23,811	15,873	33,780	-15,159	-32,662	20,863	18,975	8,846	204,007	24,017	31,901	6,795	-7,461	-4,113	-7,271	7,206	-8,216	15,955	29,257	9,651	-21,002	17,721	20,187	-2,802	13,096	18,093	13,801	-8,015	-13,742	14,384	40,605	7,680	-144,620	1,759	7,839	5,486	-4,324	6,606	9,543	4,830	-1,500	-2,200
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,543	-	-	-	129,071	56,706	88,084	70,096	62,359	145,704	122,530	49,099	-	-
Income from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-158	0	158	1,278	3,080	1,706	-381	1,001	-	-
Benefit for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-534	267	-	70	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-158	0	158	1,545	2,872	1,636	-381	1,001	-	-
Gain on disposal of discontinued operations (net of tax $4,578)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-832	25,203	-	-	-	-	-	-
Net income
176,191	125,075	135,860	97,397	109,138	143,790	119,978	101,037	86,974	-105,923	103,420	174,976	85,221	66,345	63,794	-223,546	49,986	-641	71,453	102,879	32,787	-103,811	82,949	101,205	929	22,343	69,459	66,556	6,589	-16,543	88,641	111,387	33,564	129,071	56,706	87,252	96,844	65,231	147,340	122,149	50,100	6,675	-66,768
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-	-	0.70	0.31	0.48	0.38	0.35	0.80	0.68	0.28	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-	-	0.58	0.26	0.38	0.30	0.29	0.65	0.55	0.24	-	-
Net income per common share:
Basic
1.06	0.75	0.80	0.57	0.63	0.80	0.65	0.53	0.45	-0.54	0.52	0.88	0.43	0.33	0.32	-1.10	0.24	0.00	0.34	0.48	0.15	-0.48	0.40	0.52	0.00	0.12	0.36	0.35	0.03	-0.09	0.47	0.60	0.18	0.70	0.31	0.47	0.52	0.37	0.81	0.68	0.28	0.04	-0.39
Diluted
0.97	0.69	0.75	0.55	0.62	0.79	0.63	0.52	0.43	-0.54	0.52	0.87	0.42	0.33	0.31	-1.10	0.24	0.00	0.34	0.48	0.15	-0.48	0.38	0.47	0.00	0.09	0.29	0.28	0.03	-0.09	0.39	0.49	0.15	0.58	0.26	0.38	0.42	0.30	0.66	0.55	0.24	0.04	-0.39
Weighted average common shares—basic
166,589	167,287	169,639	171,242	173,532	178,960	185,744	190,729	195,255	-	197,485	198,775	-	-	-	203,018	-	-	-	-	-	-	-	-	-	-	-	-	-	187,737	187,364	186,573	185,838	-	-	-	-	181,600	181,239	179,990	176,867	174,495	173,022
Weighted average common shares—diluted
180,736	181,781	180,493	178,590	176,972	181,520	190,506	194,910	203,484	-	200,775	201,528	-	-	-	203,018	-	-	-	-	-	-	-	-	-	-	-	-	-	230,975	229,210	229,646	231,153	-	-	-	-	220,021	229,389	231,541	226,277	180,792	173,022
Cash dividend declared per common share
0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	-	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product [Member]
Total revenues
610,906	548,551	488,170	457,511	393,442	420,652	470,993	434,051	403,925	388,282	412,854	610,356	373,204	303,667	334,610	456,832	358,139	244,510	386,488	437,243	272,325	253,162	402,987	452,488	255,386	211,710	365,825	363,087	214,300	179,063	393,037	480,578	330,891	228,212	274,944	341,316	315,719	248,692	432,030	386,734	263,486	205,304	115,148
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
259,996	226,184	197,196	193,299	165,368	170,064	195,339	180,777	180,958	168,672	169,661	267,752	154,883	127,481	148,266	215,795	167,555	120,322	170,963	181,491	118,996	131,337	182,591	202,411	124,448	93,461	150,365	158,411	96,793	92,599	169,782	206,498	174,001	127,477	138,088	160,491	152,880	115,840	188,758	164,421	120,872	125,116	92,635
Service [Member]
Total revenues
93,449	106,099	93,868	106,667	100,657	98,906	95,855	92,878	83,542	91,133	90,524	86,545	83,709	76,322	75,865	74,960	72,855	73,934	79,506	75,496	70,076	70,074	75,023	73,079	65,624	73,591	67,551	65,802	66,067	69,341	70,357	67,706	65,777	68,780	69,445	69,203	61,442	61,470	59,361	58,537	55,852	56,858	54,432
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
38,809	45,228	39,804	46,961	41,096	39,959	37,816	38,818	36,677	39,813	38,848	38,511	37,014	33,502	34,850	33,127	33,107	32,096	36,405	32,680	30,982	31,673	34,298	32,743	29,515	31,983	28,717	29,245	30,157	30,400	33,412	32,280	31,741	35,548	35,927	35,438	31,389	29,317	30,834	29,948	28,589	30,291	29,816