10-Q Filing

TELEDYNE TECHNOLOGIES INC CIK: 1094285 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001094285-16-000225`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tdy-20160403.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 28 Cash Flow Statement 69 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$454.80M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$469.00M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$85.10M	USD	Point-in-time
Cash	`Cash`	$141.40M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash	`Cash`	$83.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash	`Cash`	$110.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$371.80M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$373.00M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$322.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$309.20M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	37.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$56.40M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	37.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$60.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.48M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$828.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$833.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.51M	shares	Point-in-time
Property, plant and equipment, at cost, net of accumulated depreciation and amortization of $469.0 at April 3, 2016 and $454.8 at January 3, 2016	`PropertyPlantAndEquipmentNet`	$321.30M	USD	Point-in-time
Property, plant and equipment, at cost, net of accumulated depreciation and amortization of $469.0 at April 3, 2016 and $454.8 at January 3, 2016	`PropertyPlantAndEquipmentNet`	$322.80M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	3.18M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	3.22M	shares	Point-in-time
Goodwill	`Goodwill`	$1.15B	USD	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Acquired intangibles, net	`FiniteLivedIntangibleAssetsNet`	$240.00M	USD	Point-in-time
Acquired intangibles, net	`FiniteLivedIntangibleAssetsNet`	$243.30M	USD	Point-in-time
Prepaid pension assets	`PrepaidPensionCosts`	$111.00M	USD	Point-in-time
Prepaid pension assets	`PrepaidPensionCosts`	$117.80M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$74.50M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$72.00M	USD	Point-in-time
Total Assets	`Assets`	$2.72B	USD	Point-in-time
Total Assets	`Assets`	$2.74B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$136.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$238.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.70M	USD	Point-in-time
Current portion of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.10M	USD	Point-in-time
Current portion of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$391.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$393.60M	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$762.90M	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$707.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$212.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$217.90M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.37B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.31B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; outstanding shares - none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; outstanding shares - none	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; authorized 125 million shares; issued shares: 37,697,865 at April 3, 2016 and 37,697,865 at January 3, 2016: outstanding shares: 34,479,367 at April 3, 2016 and 34,514,599 at January 3, 2016	`CommonStockValue`	$400.00K	USD	Point-in-time
Common stock, $0.01 par value; authorized 125 million shares; issued shares: 37,697,865 at April 3, 2016 and 37,697,865 at January 3, 2016: outstanding shares: 34,479,367 at April 3, 2016 and 34,514,599 at January 3, 2016	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$353.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$345.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.76B	USD	Point-in-time
Treasury stock, 3,218,498 at April 3, 2016 and 3,183,266 at January 3, 2016	`TreasuryStockValue`	$304.90M	USD	Point-in-time
Treasury stock, 3,218,498 at April 3, 2016 and 3,183,266 at January 3, 2016	`TreasuryStockValue`	$309.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-381.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-413.20M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.43B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.34B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.74B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.72B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$565.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$530.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$324.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$345.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$144.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$151.80M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$497.70M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$469.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$61.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$67.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.70M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$62.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.70M	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$1.22	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.70M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.40M	shares	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.50M	shares	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.90M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$43.70M	USD	1 Quarter
Net income	`ProfitLoss`	$38.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.10M	USD	1 Quarter
Stock option compensation expense	`StockOptionPlanExpense`	$3.80M	USD	1 Quarter
Stock option compensation expense	`StockOptionPlanExpense`	$3.30M	USD	1 Quarter
Excess income tax benefits from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$800.00K	USD	1 Quarter
Excess income tax benefits from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$500.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$15.90M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.40M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.80M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.90M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-39.10M	USD	1 Quarter
Income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.40M	USD	1 Quarter
Income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.50M	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$200.00K	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.60M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.50M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.90M	USD	1 Quarter
Pension benefits	`IncreaseDecreaseInPensionPlanObligations`	$-5.90M	USD	1 Quarter
Pension benefits	`IncreaseDecreaseInPensionPlanObligations`	$-3.60M	USD	1 Quarter
Postretirement benefits	`IncreaseDecreaseInPostretirementObligations`	$-300.00K	USD	1 Quarter
Postretirement benefits	`IncreaseDecreaseInPostretirementObligations`	$-200.00K	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.10M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$69.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.70M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.70M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.20M	USD	1 Quarter
Purchase of businesses and other investments, net of cash acquired	`PurchaseOfBusinessesAndOtherInvestmentsNetOfCashAcquired`	$18.80M	USD	1 Quarter
Purchase of businesses and other investments, net of cash acquired	`PurchaseOfBusinessesAndOtherInvestmentsNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$300.00K	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$200.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$500.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.50M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.20M	USD	1 Quarter
Net proceeds (payments) on credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$127.10M	USD	1 Quarter
Net proceeds (payments) on credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-51.50M	USD	1 Quarter
Payments on other debt	`RepaymentsOfOtherDebt`	-	USD	1 Quarter
Payments on other debt	`RepaymentsOfOtherDebt`	$10.80M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.70M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.60M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$142.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$243.80M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Excess income tax benefits from stock options exercised	`DeferredTaxExpenseFromStockOptionsExercised`	$800.00K	USD	1 Quarter
Excess income tax benefits from stock options exercised	`DeferredTaxExpenseFromStockOptionsExercised`	$500.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-59.20M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-13.70M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.70M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.20M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.90M	USD	1 Quarter
Cashbeginning of period	`Cash`	$85.10M	USD	Point-in-time
Cashbeginning of period	`Cash`	$141.40M	USD	Point-in-time
Cashbeginning of period	`Cash`	$83.20M	USD	Point-in-time
Cashbeginning of period	`Cash`	$110.20M	USD	Point-in-time
Cashend of period	`Cash`	$85.10M	USD	Point-in-time
Cashend of period	`Cash`	$141.40M	USD	Point-in-time
Cashend of period	`Cash`	$83.20M	USD	Point-in-time
Cashend of period	`Cash`	$110.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$43.70M	USD	1 Quarter
Net income	`ProfitLoss`	$38.40M	USD	1 Quarter
Foreign exchange translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-49.20M	USD	1 Quarter
Foreign exchange translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$23.10M	USD	1 Quarter
Hedge activity, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.30M	USD	1 Quarter
Hedge activity, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.60M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentsNetOfTax`	$-3.60M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentsNetOfTax`	$-4.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-46.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$31.30M	USD	1 Quarter
Comprehensive income (loss) attributable to Teledyne	`ComprehensiveIncomeNetOfTax`	$-2.90M	USD	1 Quarter
Comprehensive income (loss) attributable to Teledyne	`ComprehensiveIncomeNetOfTax`	$69.70M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.