Teradyne Reports First Quarter 2019 Results
| CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | | | | | | | | | | | | | | | | | | | |
March 31,
2019 | |
December 31,
2018 | | Assets | | | | | | | | | Cash and cash equivalents | | $ | 483,728 | | $ | 926,752 | | | Marketable securities | | | 421,088 | | | 190,096 | | | Accounts receivable, net | | | 333,840 | | | 291,267 | | | Inventories, net | | | 161,342 | | | 153,541 | | | Prepayments and other current assets | | | 194,044 | | | 170,826 | | | | | Total current assets | | | 1,594,042 | | | 1,732,482 | | | | | | | | | | | | Property, plant and equipment, net | | | 283,300 | | | 279,821 | | | Operating lease right-of-use assets, net | | | 50,733 | | | - | | | Marketable securities | | | 91,926 | | | 87,731 | | | Deferred tax assets | | | 69,687 | | | 70,848 | | | Other assets | | | 11,279 | | | 11,509 | | | Retirement plans assets | | | 16,791 | | | 16,883 | | | Acquired intangible assets, net | | | 119,372 | | | 125,482 | | | Goodwill | | | 379,513 | | | 381,850 | | | | | | | | | | | | | | Total assets | | $ | 2,616,643 | | $ | 2,706,606 | | | | | | | | | | | Liabilities | | | | | | | | Accounts payable | | $ | 118,816 | | $ | 100,688 | | | Accrued employees' compensation and withholdings | | | 89,089 | | | 148,566 | | | Deferred revenue and customer advances | | | 84,764 | | | 77,711 | | | Other accrued liabilities | | | 67,422 | | | 78,272 | | | Contingent consideration | | | 22,803 | | | 34,865 | | | Operating lease liabilities | | | 17,176 | | | - | | | Income taxes payable | | | 41,898 | | | 36,185 | | | | | | | | | | | | | | Total current liabilities | | | 441,968 | | | 476,287 | | | | | | | | | | | | Retirement plans liabilities | | | 121,205 | | | 117,456 | | | Long-term deferred revenue and customer advances | | | 32,843 | | | 32,750 | | | Deferred tax liabilities | | | 19,614 | | | 20,662 | | | Long-term other accrued liabilities | | | 9,732 | | | 37,547 | | | Long-term contingent consideration | | | 15,510 | | | 35,678 | | | Long-term operating lease liabilities | | | 38,062 | | | - | | | Long-term income taxes payable | | | 83,891 | | | 83,891 | | | Long-term debt | | | 383,590 | | | 379,981 | | | | | | | | | | | | | | Total liabilities | | | 1,146,415 | | | 1,184,252 | | | | | | | | | | | Shareholders' equity | | | 1,470,228 | | | 1,522,354 | | | | | | | | | | | | | | Total liabilities and shareholders' equity | | $ | 2,616,643 | | $ | 2,706,606 | | | | | | | | | |
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