Teradyne Reports First Quarter 2021 Results

CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)

			April 4, 2021		December 31, 2020
Assets
	Cash and cash equivalents		$	831,149	$	914,121
	Marketable securities			478,293		522,280
	Accounts receivable, net			581,509		497,506
	Inventories, net			262,474		222,189
	Prepayments and other current assets			347,678		259,338
		Total current assets		2,501,103		2,415,434

	Property, plant and equipment, net			402,465		394,800
	Operating lease right-of-use assets, net			51,516		54,569
	Marketable securities			115,620		117,980
	Deferred tax assets			92,365		87,913
	Retirement plans assets			17,255		17,468
	Other assets			8,942		9,384
	Acquired intangible assets, net			92,850		100,939
	Goodwill			437,601		453,859

		Total assets	$	3,719,717	$	3,652,346

Liabilities
	Accounts payable		$	177,473	$	133,663
	Accrued employees' compensation and withholdings			138,238		220,321
	Deferred revenue and customer advances			144,812		134,662
	Other accrued liabilities			105,238		77,581
	Operating lease liabilities			19,675		20,573
	Income taxes payable			90,349		80,728
	Current debt			11,057		33,343

		Total current liabilities		686,842		700,871

	Retirement plans liabilities			152,508		151,140
	Long-term deferred revenue and customer advances			55,138		58,359
	Long-term contingent consideration			-		7,227
	Long-term other accrued liabilities			18,982		19,352
	Deferred tax liabilities			9,606		10,821
	Long-term operating lease liabilities			39,048		42,073
	Long-term income taxes payable			74,930		74,930
	Debt			356,877		376,768

		Total liabilities		1,393,931		1,441,541

Mezzanine equity				1,233		3,787

Shareholders' equity				2,324,553		2,207,018

		Total liabilities, convertible common shares and shareholders’ equity	$	3,719,717	$	3,652,346

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