Teradyne Reports Second Quarter 2021 Results
| CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | | | | | | | | | | | | | | | | | | | |
July 4,
2021 | |
December 31,
2020 | | Assets | | | | | | | | | Cash and cash equivalents | | $ | 954,441 | | | $ | 914,121 | | | | Marketable securities | | | 282,121 | | | | 522,280 | | | | Accounts receivable, net | | | 868,457 | | | | 497,506 | | | | Inventories, net | | | 226,138 | | | | 222,189 | | | | Prepayments and other current assets | | | 368,315 | | | | 259,338 | | | | | | Total current assets | | | 2,699,472 | | | | 2,415,434 | | | | | | | | | | | | | Property, plant and equipment, net | | | 395,395 | | | | 394,800 | | | | Operating lease right-of-use assets, net | | | 61,849 | | | | 54,569 | | | | Marketable securities | | | 181,560 | | | | 117,980 | | | | Deferred tax assets | | | 94,438 | | | | 87,913 | | | | Retirement plans assets | | | 17,170 | | | | 17,468 | | | | Other assets | | | 21,320 | | | | 9,384 | | | | Acquired intangible assets, net | | | 88,121 | | | | 100,939 | | | | Goodwill | | | 441,597 | | | | 453,859 | | | | | | | | | | | | | | | Total assets | | $ | 4,000,922 | | | $ | 3,652,346 | | | | | | | | | | | | Liabilities | | | | | | | | Accounts payable | | $ | 156,103 | | | $ | 133,663 | | | | Accrued employees' compensation and withholdings | | | 205,717 | | | | 220,321 | | | | Deferred revenue and customer advances | | | 148,882 | | | | 134,662 | | | | Other accrued liabilities | | | 146,484 | | | | 77,581 | | | | Operating lease liabilities | | | 20,539 | | | | 20,573 | | | | Income taxes payable | | | 93,876 | | | | 80,728 | | | | Current debt | | | 213,761 | | | | 33,343 | | | | | | | | | | | | | | | Total current liabilities | | | 985,362 | | | | 700,871 | | | | | | | | | | | | | Retirement plans liabilities | | | 154,311 | | | | 151,140 | | | | Long-term deferred revenue and customer advances | | | 58,534 | | | | 58,359 | | | | Long-term contingent consideration | | | - | | | | 7,227 | | | | Long-term other accrued liabilities | | | 19,387 | | | | 19,352 | | | | Deferred tax liabilities | | | 8,961 | | | | 10,821 | | | | Long-term operating lease liabilities | | | 49,066 | | | | 42,073 | | | | Long-term income taxes payable | | | 67,041 | | | | 74,930 | | | | Debt | | | | 143,618 | | | | 376,768 | | | | | | | | | | | | | | | Total liabilities | | | 1,486,280 | | | | 1,441,541 | | | | | | | | | | | | Mezzanine equity | | | 21,386 | | | | 3,787 | | | | | | | | | | | | Shareholders' equity | | | 2,493,256 | | | | 2,207,018 | | | | | | | | | | | | | | | Total liabilities, convertible common shares and shareholders’ equity | | $ | 4,000,922 | | | $ | 3,652,346 | | | | | | | | | | |
|
