TELEDYNE TECHNOLOGIES INC

Listed Company

TDYCIK 0001094285NYSELarge AcceleratedSearch, Detection, Navigation, Guidance, Aeronautical SysDelawareFY ends Jan 3

Period

FY 2025

Revenue

$6.12B

Net Income

$894.80M

Total Assets

$15.29B

Equity

$10.51B

Shares Out

46.33M

Op. Cash Flow

$1.19B

Business

TELEDYNE TECHNOLOGIES INC provides enabling technologies and high-reliability engineered products for industrial growth markets requiring advanced technology. It offers digital imaging sensors, visible/infrared/ultraviolet/X-ray cameras and systems, MEMS and semiconductors, marine and environmental monitoring instruments, electronic test and measurement equipment, avionics and defense electronics, harsh-environment interconnects, and engineered systems for defense, space and energy. Its operations are organized into four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. Teledyne sells globally through direct sales, third-party representatives and distributors to commercial, government and scientific customers.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	6,115	5,670	5,636	5,459	4,614
Cost of sales	3,501	3,235	3,196	3,128	2,773
Selling, general and administrative	931	903	852	804	1,068
Research and development	317	293	356	352	—
Acquired intangible asset amortization	217	198	197	202	149
Impairment of acquired intangible assets	0	53	0	400,000	—
Total costs and expenses	4,966	4,681	4,601	4,487	3,990
Operating income (loss)	1,150	989	1,034	972	624
Interest and debt expense, net	−60	−58	−77	−89	—
Non-service retirement benefit income	11	11	12	11	11
Gain (loss) on debt extinguishment	15	0	2	11	−13
Other income (expense), net	−22	−4	−12	3	3
Income (loss) before income taxes	1,095	938	959	908	534
Provision (benefit) for income taxes	199	117	72	119	89
Net income (loss) including noncontrolling interest	896	821	887	789	445
Less: Net income (loss) attributable to noncontrolling interest	900,000	2	900,000	300,000	0
Net income (loss) attributable to Teledyne	895	819	886	789	445
Basic earnings per common share (in USD per share)	19.12	17.43	18.8	16.85	10.31
Weighted average common shares outstanding (in shares)	47	47	47	47	43
Diluted earnings per common share (in USD per share)	18.88	17.21	18.49	16.53	10.05
Weighted average diluted common shares outstanding (in shares)	47	48	48	48	44

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	352	650	648	638	475
Accounts receivable, net	992	901	900	884	768
Unbilled receivables, net	375	312	302	275	316
Inventories, net	1,043	914	918	891	753
Prepaid expenses and other current assets	293	167	213	131	118
Total Current Assets	3,056	2,945	2,981	2,818	2,429
Property, plant and equipment, net	839	745	777	770	828
Goodwill	8,688	7,991	8,003	7,873	7,987
Acquired intangible assets, net	2,100	2,013	2,278	2,441	2,742
Prepaid pension assets	286	228	203	178	124
Other assets, net	317	280	285	274	321
Total Assets	15,285	14,201	14,528	14,354	14,430
Accounts payable	487	416	385	506	470
Accrued liabilities	923	845	781	718	1,029
Current portion of long-term debt and other debt	450	300,000	600	300	0
Total Current Liabilities	1,860	1,262	1,766	1,523	1,498
Long-term debt	2,025	2,649	2,645	3,621	4,099
Long-term deferred tax liabilities	370	354	415	490	626
Other long-term liabilities	516	381	476	547	585
Total Liabilities	4,771	4,645	5,302	6,181	6,808
Commitments and Contingencies	—	—	—	—	—
Redeemable Noncontrolling Interest	0	6	5	4	0
Preferred stock, $0.01 par value; authorized 15,000,000 shares; outstanding shares-none	0	0	0	0	0
Common stock, $0.01 par value; authorized 125,000,000 shares; Issued shares: 47,424,847 at December 28, 2025, and 47,432,888 at December 29, 2024; Outstanding shares: 46,185,578 at December 28, 2025, and 46,706,612 at December 29, 2024	500,000	500,000	500,000	500,000	500,000
Additional paid-in capital	4,383	4,415	4,407	4,353	4,317
Retained earnings	7,141	6,267	5,448	4,562	3,773
Treasury stock, 1,239,269 at December 28, 2025, and 726,276 at December 29, 2024	−585	−292	0	−20	−39
Accumulated other comprehensive income (loss)	−425	−840	−634	−727	−430
Total Stockholders Equity	10,514	9,549	9,221	8,169	7,622
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders Equity	15,285	14,201	14,528	14,354	14,430

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	336	310	316	332	372
Stock-based compensation	40	38	32	32	34
Gain (loss) on debt extinguishment	−15	0	−2	−11	31
Impairment of acquired intangible assets	0	53	0	0	—
Accounts receivable and unbilled receivables	−37	−23	−22	−88	−159
Inventories	−43	−10	−14	−155	7
Accounts payable	36	34	−125	46	99
Deferred taxes and income taxes receivable (payable), net	−87	−121	−231	−35	−21
Prepaid expenses and other assets	−47	−8	−43	−50	12
Accrued expenses and other liabilities	71	89	50	−344	−6
Other operating, net	41	9	−13	−29	11
Net cash provided by (used in) operating activities	1,191	1,192	836	487	825
Purchases of property, plant and equipment	−117	−84	−115	−93	−102
Purchase of businesses, net of cash acquired	−821	−124	−78	−100	−3,723
Other investing, net	800,000	200,000	2	17	600,000
Net cash provided by (used in) investing activities	−938	−207	−190	−175	−3,824
Net proceeds (repayments) from credit facility	0	0	−125	0	0
Proceeds from (payments on) fixed rate senior notes	−162	−450	−308	—	—
Proceeds from (payments on) other debt	−2	−151	−246	−175	−1,142
Purchase of treasury stock, including excise tax	−403	−354	0	0	—
Liquidations (maturities) of cross currency swap	0	−19	−14	43	0
Acquisition of redeemable noncontrolling interest	−27	0	0	—	—
Proceeds from exercise of stock options	49	38	45	24	25
Other financing, net	−10	−10	−5	−2	−22
Net cash provided by (used in) financing activities	−555	−946	−652	−110	2,807
Effect of exchange rate changes on cash and cash equivalents	4	−37	16	−38	−6
Change in cash and cash equivalents	−297	2	10	163	−198

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro