# TERADYNE, INC. (TER) FY2025 Annual Statement of Cash Flows

- Company: TERADYNE, INC. (TER)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-19, accession number 0001193125-26-059002
- Page: https://plicit.ai/financials/ter/fy2025-annual-cash-flow
- Chart image: https://plicit.ai/charts/ter-fy2025-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2024**: 553,354,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 674,415,000 US dollars. Net cash provided.
- **Net income**: 554,047,000 US dollars
- **Depreciation**: 111,445,000 US dollars
- **Stock-based compensation**: 63,999,000 US dollars
- **Provision for excess and obsolete inventory**: 25,782,000 US dollars
- **Amortization**: 16,536,000 US dollars
- **Loss (gain) on sale of business**: 0 US dollars
- **Equity in net earnings of affiliate**: 19,914,000 US dollars
- **Deferred taxes**: negative 52,067,000 US dollars
- **Retirement plan actuarial losses (gains)**: 683,000 US dollars
- **Losses (gains) on investments**: negative 5,420,000 US dollars
- **Other**: 12,005,000 US dollars
- **Accounts receivable**: negative 305,601,000 US dollars
- **Inventories**: negative 28,424,000 US dollars
- **Prepayments and other assets**: negative 6,591,000 US dollars
- **Accounts payable and other liabilities**: 208,848,000 US dollars
- **Deferred revenue and customer advances**: 52,626,000 US dollars
- **Retirement plans contributions**: negative 8,483,000 US dollars
- **Income taxes**: 15,116,000 US dollars
- **Investing activities**: negative 368,617,000 US dollars. Net cash used.
- **Purchase of investment in a business**: negative 25,519,000 US dollars
- **Acquisition of businesses, net of cash and cash equivalents acquired**: negative 144,380,000 US dollars
- **Purchases of property, plant and equipment**: negative 224,009,000 US dollars
- **Purchases of marketable securities**: negative 32,999,000 US dollars
- **Issuance of convertible loan**: 0 US dollars
- **Proceeds from maturities of marketable securities**: 48,951,000 US dollars
- **Proceeds from sales of marketable securities**: 9,339,000 US dollars
- **Proceeds from the sale of a business, net of cash and cash equivalents sold**: 0 US dollars
- **Proceeds from insurance**: 0 US dollars
- **Financing activities**: negative 562,250,000 US dollars. Net cash used.
- **Repurchase of common stock**: negative 702,095,000 US dollars
- **Repayments of borrowings on revolving credit facility**: negative 50,000,000 US dollars
- **Payments of convertible debt principal**: 0 US dollars
- **Issuance of common stock under stock purchase and stock option plans**: 31,860,000 US dollars
- **Dividend payments**: negative 76,313,000 US dollars
- **Payments related to net settlement of employee stock compensation awards**: negative 15,702,000 US dollars
- **Proceeds from borrowings on revolving credit facility**: 250,000,000 US dollars
- **Operating adjustment reconciliation**: 526,954,000 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**: 844,110,000 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**: 426,907,000 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 3,151,000 US dollars
- **Ending cash on Dec 31, 2025**: 293,751,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,227,769,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 259,603,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.22×. 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**: 674,415,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 224,009,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 450,406,000 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 $120.37M 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: 674,415,000 US dollars minus 224,009,000 US dollars equals 450,406,000 US dollars.