10-Q Filing

TELEDYNE TECHNOLOGIES INC CIK: 1094285 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001094285-17-000075`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tdy-20170402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 28 Cash Flow Statement 63 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$468.50M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$480.70M	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`	$98.60M	USD	Point-in-time
Cash	`Cash`	$85.10M	USD	Point-in-time
Cash	`Cash`	$69.70M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash	`Cash`	$83.20M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$383.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$444.80M	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`	$314.20M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$415.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.70M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	37.70M	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	37.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$846.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.24M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$985.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.11M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $480.7 at April 2, 2017 and $468.5 at January 1, 2017	`PropertyPlantAndEquipmentNet`	$340.80M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.46M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.59M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $480.7 at April 2, 2017 and $468.5 at January 1, 2017	`PropertyPlantAndEquipmentNet`	$443.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.19B	USD	Point-in-time
Goodwill	`Goodwill`	$1.67B	USD	Point-in-time
Acquired intangibles, net	`FiniteLivedIntangibleAssetsNet`	$402.70M	USD	Point-in-time
Acquired intangibles, net	`FiniteLivedIntangibleAssetsNet`	$234.60M	USD	Point-in-time
Prepaid pension assets	`PrepaidPensionCosts`	$88.50M	USD	Point-in-time
Prepaid pension assets	`PrepaidPensionCosts`	$95.70M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$75.50M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$70.80M	USD	Point-in-time
Total Assets	`Assets`	$2.77B	USD	Point-in-time
Total Assets	`Assets`	$3.67B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$182.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$314.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$261.00M	USD	Point-in-time
Current portion of long-term debt, capital leases and other debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$102.00M	USD	Point-in-time
Current portion of long-term debt, capital leases and other debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$103.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$501.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$599.60M	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$1.21B	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$515.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$202.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$259.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.07B	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 125,000,000 shares; issued shares: 37,697,865 at April 2, 2017 and January 1, 2017; outstanding shares: 35,238,500 at April 2, 2017 and 35,110,762 at January 1, 2017	`CommonStockValue`	$400.00K	USD	Point-in-time
Common stock, $0.01 par value; authorized 125,000,000 shares; issued shares: 37,697,865 at April 2, 2017 and January 1, 2017; outstanding shares: 35,238,500 at April 2, 2017 and 35,110,762 at January 1, 2017	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$335.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$335.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.94B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.91B	USD	Point-in-time
Treasury stock, 2,459,365 at April 2, 2017 and 2,587,103 at January 1, 2017	`TreasuryStockValue`	$230.70M	USD	Point-in-time
Treasury stock, 2,459,365 at April 2, 2017 and 2,587,103 at January 1, 2017	`TreasuryStockValue`	$242.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-443.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-451.20M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.67B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$566.10M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$530.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$324.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$354.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$153.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$144.80M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$508.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$469.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$60.90M	USD	1 Quarter
Interest and debt expense, net	`InterestExpense`	$8.20M	USD	1 Quarter
Interest and debt expense, net	`InterestExpense`	$5.70M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-9.30M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.00M	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.40M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.10M	shares	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$1.11	USD	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.10M	shares	1 Quarter
Weighted average diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.20M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$600.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.10M	USD	1 Quarter
Stock-based compensation	`StockOptionPlanExpense`	$3.40M	USD	1 Quarter
Stock-based compensation	`StockOptionPlanExpense`	$5.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.80M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.70M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.90M	USD	1 Quarter
Income taxes receivable/payable, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$10.90M	USD	1 Quarter
Income taxes receivable/payable, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$8.10M	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.60M	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.80M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.50M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-200.00K	USD	1 Quarter
Pension and postretirement benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-6.10M	USD	1 Quarter
Pension and postretirement benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-5.80M	USD	1 Quarter
Other operating, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-7.70M	USD	1 Quarter
Other operating, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$53.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.10M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.20M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.60M	USD	1 Quarter
Purchase of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$93.40M	USD	Annual
Purchase of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$740.60M	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$300.00K	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$200.00K	USD	1 Quarter
Other investing, net	`PaymentsForProceedsFromOtherInvestingActivities`	$500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-752.90M	USD	1 Quarter
Net proceeds (payments) on credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$595.00M	USD	1 Quarter
Net proceeds (payments) on credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-51.50M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromOtherDebt`	$100.00M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromOtherDebt`	-	USD	1 Quarter
Payments on other debt	`RepaymentsOfOtherDebt`	$31.00M	USD	1 Quarter
Payments on other debt	`RepaymentsOfOtherDebt`	$10.80M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.30M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.60M	USD	1 Quarter
Other financing, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.40M	USD	1 Quarter
Other financing, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$500.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$668.90M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.20M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.70M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.70M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.90M	USD	1 Quarter
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.90M	USD	1 Quarter
Cashbeginning of period	`Cash`	$98.60M	USD	Point-in-time
Cashbeginning of period	`Cash`	$85.10M	USD	Point-in-time
Cashbeginning of period	`Cash`	$69.70M	USD	Point-in-time
Cashbeginning of period	`Cash`	$83.20M	USD	Point-in-time
Cashend of period	`Cash`	$98.60M	USD	Point-in-time
Cashend of period	`Cash`	$85.10M	USD	Point-in-time
Cashend of period	`Cash`	$69.70M	USD	Point-in-time
Cashend of period	`Cash`	$83.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$30.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.00M	USD	1 Quarter
Foreign exchange translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$23.10M	USD	1 Quarter
Foreign exchange translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00M	USD	1 Quarter
Hedge activity, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$4.60M	USD	1 Quarter
Hedge activity, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Pension and postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-3.50M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-3.60M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.30M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$31.30M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$37.80M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$70.30M	USD	1 Quarter

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