Teradyne, Inc. (TER)

Teradyne Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 29, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,738	2,676	3,155	3,703	3,121	2,295
Revenue Growth (YoY)	0.00%	-15.17%	-14.79%	18.63%	36.01%	9.24%
Cost of Revenue	1,153	1,140	1,288	1,496	1,336	955.14
Gross Profit	1,585	1,537	1,867	2,207	1,786	1,340
Selling, General & Admin	605.2	582.57	536.04	546.61	476.01	446.35
Research & Development	434.7	418.09	440.59	427.61	374.96	322.82
Other Operating Expenses	1.97	0.4	0.3	2.08	6.76	0.76
Operating Expenses	1,061	1,020	996.26	997.76	888.54	810.09
Operating Income	524.16	516.69	870.89	1,209	897.21	529.74
Interest Expense	-3.81	-3.81	-3.72	-17.82	-24.18	-22.22
Interest & Investment Income	28.52	27.35	6.38	2.63	5.98	16.99
Currency Exchange Gain (Loss)	-9.71	-1.59	-8.32	-4.39	-6.12	-4.36
Other Non Operating Income (Expenses)	1.33	0.31	1.94	1.3	0.27	4.88
EBT Excluding Unusual Items	539.41	538.95	867.18	1,191	873.16	525.03
Merger & Restructuring Charges	-13.98	-18.26	-2.9	-0.49	-3.31	-4.58
Gain (Loss) on Sale of Investments	11.8	7.5	-9.9	6.4	7.9	-13.9
Gain (Loss) on Sale of Assets	57.49	-	3.41	-	-	-
Legal Settlements	-3.6	-	-14.7	-12	-	-
Other Unusual Items	-1.1	-2.61	-2.7	-23.57	23.27	19.22
Pretax Income	590.02	525.57	840.39	1,161	901.02	525.77
Income Tax Expense	76.85	76.82	124.88	146.37	116.87	58.3
Net Income	513.17	448.75	715.5	1,015	784.15	467.47
Net Income to Common	513.17	448.75	715.5	1,015	784.15	467.47
Net Income Growth	1.82%	-37.28%	-29.48%	29.39%	67.74%	3.47%
Shares Outstanding (Basic)	157	154	158	165	166	170
Shares Outstanding (Diluted)	163	164	170	184	183	179
Shares Change (YoY)	-1.27%	-3.20%	-7.56%	0.32%	2.00%	-6.83%
EPS (Basic)	3.28	2.91	4.52	6.15	4.72	2.74
EPS (Diluted)	3.14	2.73	4.22	5.53	4.28	2.60
EPS Growth	2.63%	-35.31%	-23.69%	29.21%	64.62%	10.64%
Free Cash Flow	453.35	425.59	414.67	965.89	683.96	444.11
Free Cash Flow Per Share	2.78	2.59	2.44	5.26	3.74	2.47
Dividend Per Share	0.470	0.440	0.440	0.400	0.400	0.360
Dividend Growth	6.82%	0%	10.00%	0%	11.11%	0%
Gross Margin	57.89%	57.42%	59.18%	59.59%	57.21%	58.38%
Operating Margin	19.15%	19.31%	27.60%	32.65%	28.74%	23.08%
Profit Margin	18.75%	16.77%	22.68%	27.40%	25.12%	20.37%
Free Cash Flow Margin	16.56%	15.90%	13.14%	26.08%	21.91%	19.35%
EBITDA	640.72	627.57	981.57	1,334	1,024	650.4
EBITDA Margin	23.40%	23.45%	31.11%	36.04%	32.80%	28.34%
D&A For EBITDA	116.56	110.89	110.68	125.49	126.74	120.66
EBIT	524.16	516.69	870.89	1,209	897.21	529.74
EBIT Margin	19.15%	19.31%	27.60%	32.65%	28.74%	23.08%
Effective Tax Rate	13.02%	14.62%	14.86%	12.61%	12.97%	11.09%
Revenue as Reported	2,738	2,676	3,155	3,703	3,121	2,295
Advertising Expenses	-	15.5	17.3	13.4	12.8	16.6

Source: S&P Capital IQ. Standard template. Financial Sources.