Teradyne Reports First Quarter 2021 Results
| CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | | | | | | | | | | | | | | | | | | | |
April 4, 2021 | |
December 31, 2020 | | Assets | | | | | | | | | Cash and cash equivalents | | $ | 831,149 | | | $ | 914,121 | | | | Marketable securities | | | 478,293 | | | | 522,280 | | | | Accounts receivable, net | | | 581,509 | | | | 497,506 | | | | Inventories, net | | | 262,474 | | | | 222,189 | | | | Prepayments and other current assets | | | 347,678 | | | | 259,338 | | | | | | Total current assets | | | 2,501,103 | | | | 2,415,434 | | | | | | | | | | | | | Property, plant and equipment, net | | | 402,465 | | | | 394,800 | | | | Operating lease right-of-use assets, net | | | 51,516 | | | | 54,569 | | | | Marketable securities | | | 115,620 | | | | 117,980 | | | | Deferred tax assets | | | 92,365 | | | | 87,913 | | | | Retirement plans assets | | | 17,255 | | | | 17,468 | | | | Other assets | | | 8,942 | | | | 9,384 | | | | Acquired intangible assets, net | | | 92,850 | | | | 100,939 | | | | Goodwill | | | 437,601 | | | | 453,859 | | | | | | | | | | | | | | | Total assets | | $ | 3,719,717 | | | $ | 3,652,346 | | | | | | | | | | | | Liabilities | | | | | | | | Accounts payable | | $ | 177,473 | | | $ | 133,663 | | | | Accrued employees' compensation and withholdings | | | 138,238 | | | | 220,321 | | | | Deferred revenue and customer advances | | | 144,812 | | | | 134,662 | | | | Other accrued liabilities | | | 105,238 | | | | 77,581 | | | | Operating lease liabilities | | | 19,675 | | | | 20,573 | | | | Income taxes payable | | | 90,349 | | | | 80,728 | | | | Current debt | | | 11,057 | | | | 33,343 | | | | | | | | | | | | | | | Total current liabilities | | | 686,842 | | | | 700,871 | | | | | | | | | | | | | Retirement plans liabilities | | | 152,508 | | | | 151,140 | | | | Long-term deferred revenue and customer advances | | | 55,138 | | | | 58,359 | | | | Long-term contingent consideration | | | - | | | | 7,227 | | | | Long-term other accrued liabilities | | | 18,982 | | | | 19,352 | | | | Deferred tax liabilities | | | 9,606 | | | | 10,821 | | | | Long-term operating lease liabilities | | | 39,048 | | | | 42,073 | | | | Long-term income taxes payable | | | 74,930 | | | | 74,930 | | | | Debt | | | | 356,877 | | | | 376,768 | | | | | | | | | | | | | | | Total liabilities | | | 1,393,931 | | | | 1,441,541 | | | | | | | | | | | | Mezzanine equity | | | 1,233 | | | | 3,787 | | | | | | | | | | | | Shareholders' equity | | | 2,324,553 | | | | 2,207,018 | | | | | | | | | | | | | | | Total liabilities, convertible common shares and shareholders’ equity | | $ | 3,719,717 | | | $ | 3,652,346 | | | | | | | | | | |
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