TELEDYNE TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – in millions) |
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October 3, 2021 |
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January 3, 2021 |
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ASSETS |
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|
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Cash and cash equivalents |
|
$ |
551.8 |
|
|
$ |
673.1 |
|
Accounts receivable, net |
|
1,031.3 |
|
|
624.1 |
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Inventories, net |
|
833.2 |
|
|
347.3 |
|
||
Prepaid expenses and other current assets |
|
118.6 |
|
|
78.1 |
|
||
Total current assets |
|
2,534.9 |
|
|
1,722.6 |
|
||
Property, plant and equipment, net |
|
858.1 |
|
|
489.3 |
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Goodwill and acquired intangible assets, net (a) |
|
10,604.7 |
|
|
2,559.7 |
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Prepaid pension assets |
|
87.0 |
|
|
67.9 |
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Other assets, net |
|
362.8 |
|
|
245.3 |
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Total assets |
|
$ |
14,447.5 |
|
|
$ |
5,084.8 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
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|
|
|
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Accounts payable |
|
$ |
427.6 |
|
|
$ |
229.1 |
|
| Accrued liabilities |
|
994.2 |
|
|
434.2 |
|
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| Current portion of long-term debt and other debt |
|
— |
|
|
97.6 |
|
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| Total current liabilities |
|
1,421.8 |
|
|
760.9 |
|
||
| Long-term debt, net of current portion |
|
4,441.7 |
|
|
680.9 |
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| Other long-term liabilities |
|
1,167.4 |
|
|
414.4 |
|
||
| Total liabilities |
|
7,030.9 |
|
|
1,856.2 |
|
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| Total stockholders’ equity (b) |
|
7,416.6 |
|
|
3,228.6 |
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| Total liabilities and stockholders’ equity |
|
$ |
14,447.5 |
|
|
$ |
5,084.8 |
|
| a) |
The increase in goodwill and acquired intangible assets primarily reflects the estimated amounts related to the acquisition of FLIR on May 14, 2021. |
|
| b) |
The increase in total stockholders' equity primarily reflects the value of Teledyne common stock issued in connection with the acquisition of FLIR on May 14, 2021. |
