TERADYNE, INC. (TER) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

Swipe to see the full flow
TERADYNE, INC. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $542,372,000.00Prepayments and other assets → Operating adjustments reconciliation: $119,454,000.00Depreciation → Operating adjustments reconciliation: $100,977,000.00Stock-based compensation → Operating adjustments reconciliation: $60,122,000.00Provision for excess and obsolete inventory → Operating adjustments reconciliation: $18,922,000.00Amortization → Operating adjustments reconciliation: $18,764,000.00Deferred revenue and customer advances → Operating adjustments reconciliation: $12,176,000.00Losses (gains) on investments → Operating adjustments reconciliation: $10,056,000.00Inventories → Operating adjustments reconciliation: $8,707,000.00Equity in net earnings of affiliate → Operating adjustments reconciliation: $7,211,000.00Operating adjustments reconciliation → Net cash from operating activities: $129,804,000.00Operating adjustments reconciliation → Gain on sale of business: $57,119,000.00Operating adjustments reconciliation → Accounts payable and other accrued expenses: $54,386,000.00Operating adjustments reconciliation → Accounts receivable: $52,659,000.00Operating adjustments reconciliation → Deferred taxes: $46,360,000.00Operating adjustments reconciliation → Retirement plan contributions: $5,814,000.00Operating adjustments reconciliation → Retirement plans actuarial (gains) losses: $4,355,000.00Operating adjustments reconciliation → Income taxes: $3,602,000.00Operating adjustments reconciliation → Other: $2,290,000.00Proceeds from the sale of a business, net of cash and cash equivalents sold → investing reconciliation: $90,348,000.00Proceeds from maturities of marketable securities → investing reconciliation: $38,353,000.00Proceeds from sales of marketable securities → investing reconciliation: $24,035,000.00Proceeds from life insurance → investing reconciliation: $873,000.00investing reconciliation → Investments in businesses: $532,060,000.00investing reconciliation → Purchases of property, plant and equipment: $198,095,000.00investing reconciliation → Purchases of marketable securities: $45,796,000.00Net cash used in financing activities → financing reconciliation: $251,767,000.00Proceeds from borrowings on revolving credit facility → financing reconciliation: $185,000,000.00Issuance of common stock under stock purchase and stock option plans → financing reconciliation: $37,330,000.00financing reconciliation → Repurchase of common stock: $198,574,000.00financing reconciliation → Payments of borrowings on revolving credit facility: $185,000,000.00financing reconciliation → Dividend payments: $76,423,000.00financing reconciliation → Payments related to net settlement of employee stock compensation awards: $14,100,000.00Net cash used in investing activities → investing reconciliation: $622,342,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $757,571,000.00Net cash from operating activities → Cash sources and uses: $672,176,000.00Cash sources and uses → Exchange-rate effect: $2,284,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $553,354,000.00Cash sources and uses → Net cash used in investing activities: $622,342,000.00Cash sources and uses → Net cash used in financing activities: $251,767,000.00Net income: $542,372,000.00Net income+$542.37 MDepreciation: $100,977,000.00Depreciation expense+$100.98 MStock-based compensation: $60,122,000.00Stock-based compensation+$60.12 MProvision for excess and obsolete inventory: $18,922,000.00Inventory write-downs+$18.92 MAmortization: $18,764,000.00Amortization expense+$18.76 MGain on sale of business: -$57,119,000.00Business sale gain & loss−$57.12 MEquity in net earnings of affiliate: $7,211,000.00Equity-method results+$7.21 MDeferred taxes: -$46,360,000.00Deferred income taxes−$46.36 MRetirement plans actuarial (gains) losses: -$4,355,000.00Pension gain & loss recognized−$4.36 MLoss (gain) on sale of asset: $0.00Losses (gains) on investments: $10,056,000.00Investment sale gain & loss+$10.06 MOther: -$2,290,000.00Other non-cash items−$2.29 MAccounts receivable: -$52,659,000.00Accounts receivable−$52.66 MInventories: $8,707,000.00Inventories+$8.71 MPrepayments and other assets: $119,454,000.00Prepaid & other assets+$119.45 MAccounts payable and other accrued expenses: -$54,386,000.00Payables & other liabilities−$54.39 MDeferred revenue and customer advances: $12,176,000.00Deferred revenue+$12.18 MRetirement plan contributions: -$5,814,000.00Pension & retiree obligations−$5.81 MIncome taxes: -$3,602,000.00Income tax balances−$3.60 MNet cash from operating activities: $672,176,000.00Operating cash+$672.18 MOperating adjustments reconciliation: $356,389,000.00Repurchase of common stock: -$198,574,000.00Common stock repurchases−$198.57 MPayments of borrowings on revolving credit facility: -$185,000,000.00Credit line repayments−$185.00 MPayments of convertible debt principal: $0.00Issuance of common stock under stock purchase and stock option plans: $37,330,000.00Employee stock plans & options+$37.33 MDividend payments: -$76,423,000.00Dividends paid−$76.42 MPayments related to net settlement of employee stock compensation awards: -$14,100,000.00Stock-award tax withholding−$14.10 MProceeds from borrowings on revolving credit facility: $185,000,000.00Credit line borrowings+$185.00 MNet cash used in financing activities: -$251,767,000.00. Cash required to fund net payments.Financing cash−$251.77 Mfinancing reconciliation: $474,097,000.00Investments in businesses: -$532,060,000.00Asset & investment purchases−$532.06 MPurchases of property, plant and equipment: -$198,095,000.00PP&E purchases−$198.10 MPurchases of marketable securities: -$45,796,000.00Marketable securities purchases−$45.80 MIssuance of convertible loan: $0.00Proceeds from maturities of marketable securities: $38,353,000.00AFS securities maturities+$38.35 MProceeds from sales of marketable securities: $24,035,000.00Marketable securities proceeds+$24.04 MProceeds from the sale of a business, net of cash and cash equivalents sold: $90,348,000.00Business sales, net of cash+$90.35 MProceeds from sale of asset: $0.00Proceeds from life insurance: $873,000.00Life insurance investments, net+$873.00 KNet cash used in investing activities: -$622,342,000.00. Cash required to fund net payments.Investing cash−$622.34 Minvesting reconciliation: $775,951,000.00Cash sources and uses: $1,429,747,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $757,571,000.00Beginning cash$757.57 MEnding cash: Cash, cash equivalents, and restricted cash: $553,354,000.00Ending cash$553.35 MExchange-rate effect: -$2,284,000.00FX effect−$2.28 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$474.08 MOperating cash − cash spent on PP&ECash flow / Net income1.24×Operating cash flow ÷ net incomeNet cash change−$204.22 MEnding cash − beginning cash
Chart details

TERADYNE, INC. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
757,571,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
672,176,000 US dollars. Net cash provided.
Net income
542,372,000 US dollars
Depreciation
100,977,000 US dollars
Stock-based compensation
60,122,000 US dollars
Provision for excess and obsolete inventory
18,922,000 US dollars
Amortization
18,764,000 US dollars
Gain on sale of business
negative 57,119,000 US dollars
Equity in net earnings of affiliate
7,211,000 US dollars
Deferred taxes
negative 46,360,000 US dollars
Retirement plans actuarial (gains) losses
negative 4,355,000 US dollars
Loss (gain) on sale of asset
0 US dollars
Losses (gains) on investments
10,056,000 US dollars
Other
negative 2,290,000 US dollars
Accounts receivable
negative 52,659,000 US dollars
Inventories
8,707,000 US dollars
Prepayments and other assets
119,454,000 US dollars
Accounts payable and other accrued expenses
negative 54,386,000 US dollars
Deferred revenue and customer advances
12,176,000 US dollars
Retirement plan contributions
negative 5,814,000 US dollars
Income taxes
negative 3,602,000 US dollars
Investing activities
negative 622,342,000 US dollars. Net cash used.
Investments in businesses
negative 532,060,000 US dollars
Purchases of property, plant and equipment
negative 198,095,000 US dollars
Purchases of marketable securities
negative 45,796,000 US dollars
Issuance of convertible loan
0 US dollars
Proceeds from maturities of marketable securities
38,353,000 US dollars
Proceeds from sales of marketable securities
24,035,000 US dollars
Proceeds from the sale of a business, net of cash and cash equivalents sold
90,348,000 US dollars
Proceeds from sale of asset
0 US dollars
Proceeds from life insurance
873,000 US dollars
Financing activities
negative 251,767,000 US dollars. Net cash used.
Repurchase of common stock
negative 198,574,000 US dollars
Payments of borrowings on revolving credit facility
negative 185,000,000 US dollars
Payments of convertible debt principal
0 US dollars
Issuance of common stock under stock purchase and stock option plans
37,330,000 US dollars
Dividend payments
negative 76,423,000 US dollars
Payments related to net settlement of employee stock compensation awards
negative 14,100,000 US dollars
Proceeds from borrowings on revolving credit facility
185,000,000 US dollars
Operating adjustment reconciliation
356,389,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
474,097,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
775,951,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,284,000 US dollars
Ending cash on Dec 31, 2024
553,354,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,429,747,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 204,217,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.24×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
672,176,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
198,095,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
474,081,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $129.80M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 672,176,000 US dollars minus 198,095,000 US dollars equals 474,081,000 US dollars.
TERADYNE, INC. (TER) FY2024 Annual Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!