TERADYNE, INC TER Income Statement

Teradyne, inc (TER)

Income statement / TTM

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
2,505,221	2,294,965	0	0	0	2,100,802	2,060,659	1,997,189	2,167,161	2,136,607	2,037,181	1,944,278	0	1,753,250	1,691,705	0	1,728,171	1,639,578	1,644,370	1,656,386	1,669,214	1,647,823	1,609,888	1,565,254	1,468,576	1,427,933	1,391,036	1,421,054	1,540,449	1,656,750	1,705,338	1,586,333	1,448,568	1,429,061	1,442,231	1,589,233	1,623,985	1,566,162	1,518,162	1,196,351	0	0	0
Cost of revenues:
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
1,047,477	955,136	893,747	889,902	869,237	880,408	878,870	854,224	940,892	915,154	867,652	842,259	0	793,683	785,118	0	774,619	723,935	734,527	744,048	765,031	769,016	731,450	693,643	646,145	619,132	616,687	640,799	691,921	770,713	810,739	781,560	738,711	717,238	699,370	744,947	743,387	708,579	718,829	621,688	0	0	0
Gross profit
1,457,744	1,339,829	1,266,126	1,254,781	1,238,197	1,220,394	1,181,789	1,142,965	1,226,269	1,221,453	1,169,529	1,102,019	0	959,567	906,587	0	953,552	915,643	909,843	912,338	904,183	878,807	878,438	871,611	822,431	808,801	774,349	780,255	848,528	886,037	894,599	804,773	709,857	711,823	742,861	844,286	880,598	857,583	799,333	574,663	0	0	0
Operating expenses:
Selling and administrative
446,457	437,082	420,542	411,578	402,177	390,669	377,997	363,925	354,626	348,913	337,322	329,986	0	315,682	319,111	0	313,446	306,313	317,752	313,335	313,751	319,713	298,079	297,932	289,673	279,560	280,473	276,586	279,420	278,163	272,670	258,415	244,379	235,319	222,733	228,518	228,220	225,333	219,290	205,987	0	0	0
Engineering and development
331,191	322,823	310,735	309,980	303,888	301,505	298,869	298,806	305,734	307,304	305,286	299,700	0	291,025	291,914	0	294,264	292,250	300,497	298,423	296,005	291,640	277,065	274,030	268,389	264,055	261,102	256,130	256,191	254,719	249,423	231,373	211,933	197,798	186,971	190,123	191,070	191,863	184,592	173,995	0	0	0
Acquired intangible assets amortization
39,414	40,114	40,888	42,383	42,093	39,191	36,017	31,903	30,276	30,530	31,069	32,528	0	52,648	64,636	0	75,216	69,030	65,076	63,294	66,307	70,770	73,097	72,890	72,682	72,447	72,384	72,749	73,115	73,508	74,416	62,741	51,603	40,465	28,626	29,163	29,185	29,250	30,174	31,097	0	0	0
Restructuring and other
-26,598	-13,880	-346	7,864	20,657	15,232	12,756	6,639	6,538	9,362	5,962	22,546	0	21,942	21,576	0	6,667	0	0	0	-	0	0	0	-	2,080	1,163	957	-5,564	-7,721	-3,580	-2,798	4,505	6,743	-179	-3,621	-4,291	-3,800	4,487	21,734	0	0	0
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired intangible assets impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
790,455	786,173	771,853	771,839	768,849	746,597	725,639	701,273	697,174	696,109	679,639	684,760	0	1,019,582	1,035,522	0	689,593	672,673	783,296	774,357	776,325	782,385	649,008	646,913	632,492	618,142	615,122	606,422	603,162	598,669	592,929	549,731	512,420	480,325	438,151	444,183	444,184	442,646	438,543	432,813	0	0	0
Income from operations
667,289	553,656	494,273	482,942	469,348	473,797	456,150	441,692	529,095	525,344	489,890	417,259	0	-60,015	-128,935	0	263,959	242,970	126,547	137,981	127,858	96,422	229,430	224,698	189,939	190,659	159,227	173,833	245,366	287,368	301,670	255,042	197,437	231,498	304,710	400,103	436,414	414,937	360,790	141,850	0	0	0
Non-operating (income) expense:
Interest income
19,485	21,723	24,661	25,715	25,712	26,704	24,097	22,401	20,266	17,805	14,424	12,799	0	9,295	8,217	0	7,041	7,215	7,233	7,447	7,039	6,259	5,430	4,456	4,093	4,129	4,179	4,298	4,269	4,090	3,712	5,694	6,223	6,617	5,951	4,368	6,646	5,861	6,652	6,327	0	0	0
Interest expense
22,983	22,952	30,184	30,059	29,898	31,268	23,466	23,281	23,151	21,663	17,887	13,148	0	3,638	2,796	0	2,424	1,876	1,328	964	679	6,934	13,491	19,835	26,111	26,097	26,272	25,938	25,826	25,482	24,670	24,584	23,577	23,694	22,656	22,621	25,060	24,451	23,955	25,968	0	0	0
Other (income) expense, net
-34,926	-26,652	-733	-1,473	798	-1,432	-2,024	541	2,008	2,928	-1,213	548	0	-702	713	0	-697	4,816	4,717	5,967	5,469	-371	34,260	33,192	33,555	33,232	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
628,865	525,775	488,017	477,125	465,960	467,801	454,757	441,353	528,218	524,414	485,214	417,458	0	-55,060	-122,801	0	267,879	253,125	137,169	150,431	139,687	95,376	255,628	242,510	201,475	201,922	136,198	151,671	223,306	265,976	280,712	236,152	180,083	214,421	288,005	381,850	418,000	396,347	343,487	122,209	0	0	0
Income tax provision (benefit)
94,342	58,305	1,832	6,822	-7,983	16,022	252,691	255,845	268,771	266,720	55,252	27,122	0	-11,639	-12,394	0	44,202	46,647	33,861	35,627	26,557	14,104	48,202	48,574	42,188	36,975	10,137	6,428	33,232	48,927	-81,951	-94,576	-127,342	-129,536	10,760	15,607	17,311	16,655	19,479	10,673	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	343,957	277,245	366,243	400,689	379,692	0	0	0	-	-
Income from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,278	4,516	6,222	5,683	5,406	0	0	0	-	-
Benefit for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-267	-197	0	0	-	0	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,545	4,575	6,211	5,672	5,128	0	0	0	-	-
Gain on disposal of discontinued operations (net of tax $4,578)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,371	0	0	0	-	-	-	-	-	-
Net income
534,523	467,470	486,185	470,303	473,943	451,779	202,066	185,508	259,447	257,694	429,962	390,336	0	-43,421	-110,407	0	223,677	206,478	103,308	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	326,264	112,156	0	0	0
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
2,105,138	1,887,674	0	0	0	1,729,621	1,697,251	1,639,112	1,815,417	1,784,696	1,700,081	1,621,837	0	1,453,248	1,394,091	0	1,426,380	1,340,566	1,349,218	1,365,717	1,380,962	1,364,023	1,322,571	1,285,409	1,196,008	1,154,922	1,122,275	1,149,487	1,266,978	1,383,569	1,432,718	1,314,625	1,175,363	1,160,191	1,180,671	1,337,757	1,383,175	1,330,942	1,287,554	970,672	0	0	0
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
876,675	782,047	725,927	724,070	711,548	727,138	725,746	700,068	787,043	760,968	719,777	698,382	0	659,097	651,938	0	640,331	591,772	602,787	614,415	635,335	640,787	602,911	570,685	526,685	499,030	498,168	517,585	565,672	642,880	677,758	646,064	600,057	578,936	567,299	617,969	621,899	589,891	599,167	503,044	0	0	0
Service [Member]
Total revenues
400,083	407,291	0	0	0	371,181	363,408	358,077	351,744	351,911	337,100	322,441	0	300,002	297,614	0	301,791	299,012	295,152	290,669	288,252	283,800	287,317	279,845	272,568	273,011	268,761	271,567	273,471	273,181	272,620	271,708	273,205	268,870	261,560	251,476	240,810	235,220	230,608	225,679	0	0	0
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)
170,802	173,089	167,820	165,832	157,689	153,270	153,124	154,156	153,849	154,186	147,875	143,877	0	134,586	133,180	0	134,288	132,163	131,740	129,633	129,696	128,229	128,539	122,958	119,460	120,102	118,519	123,214	126,249	127,833	132,981	135,496	138,654	138,302	132,071	126,978	121,488	118,688	119,662	118,644	0	0	0