(a) The first quarter of 2023 includes net discrete income tax benefits of $6.6 million compared with $56.5 million for the first quarter of 2022.
This financial statement was prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – in millions) |
||||||||
|
|
April 2, 2023 |
|
January 1, 2023 |
||||
ASSETS |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
665.2 |
|
$ |
638.1 |
||
Accounts receivable and unbilled receivables, net |
|
|
1,120.1 |
|
|
|
1,158.4 |
|
Inventories, net |
|
|
951.7 |
|
|
|
890.7 |
|
Prepaid expenses and other current assets |
|
|
145.4 |
|
|
|
130.7 |
|
Total current assets |
|
|
2,882.4 |
|
|
|
2,817.9 |
|
Property, plant and equipment, net |
|
|
765.3 |
|
|
|
769.8 |
|
Goodwill and acquired intangible assets, net |
|
|
10,330.9 |
|
|
|
10,313.6 |
|
Prepaid pension assets |
|
|
182.4 |
|
|
|
178.4 |
|
Other assets, net |
|
|
268.3 |
|
|
|
274.3 |
|
| Total assets |
|
$ |
14,429.3 |
|
|
$ |
14,354.0 |
|
| LIABILITIES AND EQUITY |
|
|
|
|
||||
| Accounts payable |
|
$ |
495.0 |
|
|
$ |
505.7 |
|
| Accrued liabilities |
|
|
692.9 |
|
|
|
717.6 |
|
| Current portion of long-term debt |
|
|
300.1 |
|
|
|
300.1 |
|
| Total current liabilities |
|
|
1,488.0 |
|
|
|
1,523.4 |
|
| Long-term debt, net of current portion |
|
|
3,520.3 |
|
|
|
3,620.5 |
|
| Other long-term liabilities |
|
|
1,051.6 |
|
|
|
1,037.2 |
|
| Total liabilities |
|
|
6,059.9 |
|
|
|
6,181.1 |
|
| Redeemable noncontrolling interest |
|
|
3.7 |
|
|
|
3.7 |
|
| Total stockholders' equity |
|
|
8,365.7 |
|
|
|
8,169.2 |
|
| Total liabilities and equity |
|
$ |
14,429.3 |
|
|
$ |
14,354.0 |
|
