The following tables are presented to show the reconciliation of GAAP operating income to non-GAAP operating income by segment for 2021 and each quarter of 2020.
TELEDYNE TECHNOLOGIES INCORPORATED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES SUMMARY OF QUARTERLY OPERATING INCOME (Unaudited - in millions) |
|||||||||||||||||||
|
First Quarter 2021 |
||||||||||||||||||
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Digital Imaging |
$ |
52.0 |
|
|
$ |
4.6 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
56.6 |
|
Instrumentation |
59.4 |
|
|
5.0 |
|
|
— |
|
|
— |
|
|
64.4 |
|
|||||
Aerospace and Defense Electronics |
28.3 |
|
|
0.2 |
|
|
— |
|
|
— |
|
|
28.5 |
|
|||||
Engineered Systems |
14.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
14.9 |
|
|||||
Corporate expense |
(19.4 |
) |
|
— |
|
|
— |
|
|
5.9 |
|
|
(13.5 |
) |
|||||
| Total |
$ |
135.2 |
|
|
$ |
9.8 |
|
|
$ |
— |
|
|
$ |
5.9 |
|
|
$ |
150.9 |
|
|
|
Second Quarter 2021 |
||||||||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
| Digital Imaging |
$ |
84.6 |
|
|
$ |
27.4 |
|
|
$ |
23.4 |
|
|
$ |
24.0 |
|
|
$ |
159.4 |
|
| Instrumentation |
64.6 |
|
|
5.2 |
|
|
— |
|
|
— |
|
|
69.8 |
|
|||||
| Aerospace and Defense Electronics |
28.4 |
|
|
0.2 |
|
|
— |
|
|
— |
|
|
28.6 |
|
|||||
| Engineered Systems |
11.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
11.0 |
|
|||||
| Corporate expense |
(84.2 |
) |
|
— |
|
|
— |
|
|
70.5 |
|
|
(13.7 |
) |
|||||
| Total |
$ |
104.4 |
|
|
$ |
32.8 |
|
|
$ |
23.4 |
|
|
$ |
94.5 |
|
|
$ |
255.1 |
|
|
|
Third Quarter 2021 |
||||||||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
| Digital Imaging |
$ |
94.9 |
|
|
$ |
50.1 |
|
|
$ |
35.2 |
|
|
$ |
1.5 |
|
|
$ |
181.7 |
|
| Instrumentation |
63.0 |
|
|
5.0 |
|
|
— |
|
|
— |
|
|
68.0 |
|
|||||
| Aerospace and Defense Electronics |
35.9 |
|
|
0.2 |
|
|
— |
|
|
— |
|
|
36.1 |
|
|||||
| Engineered Systems |
11.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
11.5 |
|
|||||
| Corporate expense |
(15.7 |
) |
|
— |
|
|
— |
|
|
0.3 |
|
|
(15.4 |
) |
|||||
| Total |
$ |
189.6 |
|
|
$ |
55.3 |
|
|
$ |
35.2 |
|
|
$ |
1.8 |
|
|
$ |
281.9 |
|
| TELEDYNE TECHNOLOGIES INCORPORATED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES SUMMARY OF QUARTERLY OPERATING INCOME (continued) (Unaudited - in millions) |
|||||||||||||||||||
|
|
First Nine Months 2021 |
||||||||||||||||||
|
|
GAAP
|
|
Acquired
|
|
Inventory
|
|
Transaction
|
|
Non-GAAP
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
| Digital Imaging |
$ |
231.5 |
|
|
$ |
82.1 |
|
|
$ |
58.6 |
|
|
$ |
25.5 |
|
|
$ |
397.7 |
|
| Instrumentation |
187.0 |
|
|
15.2 |
|
|
— |
|
|
— |
|
|
202.2 |
|
|||||
| Aerospace and Defense Electronics |
92.6 |
|
|
0.6 |
|
|
— |
|
|
— |
|
|
93.2 |
|
|||||
| Engineered Systems |
37.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
37.4 |
|
|||||
| Corporate expense |
(119.3 |
) |
|
— |
|
|
— |
|
|
76.7 |
|
|
(42.6 |
) |
|||||
| Total |
$ |
429.2 |
|
|
$ |
97.9 |
|
|
$ |
58.6 |
|
|
$ |
102.2 |
|
|
$ |
687.9 |
|
|
|
First Nine Months 2020 |
||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
||||||
|
|
|
|
|
|
|
||||||
| Digital Imaging |
$ |
136.1 |
|
|
$ |
13.5 |
|
|
$ |
149.6 |
|
| Instrumentation |
150.0 |
|
|
15.0 |
|
|
165.0 |
|
|||
| Aerospace and Defense Electronics |
57.6 |
|
|
0.7 |
|
|
58.3 |
|
|||
| Engineered Systems |
34.7 |
|
|
— |
|
|
34.7 |
|
|||
| Corporate expense |
(42.1 |
) |
|
— |
|
|
(42.1 |
) |
|||
| Total |
$ |
336.3 |
|
|
$ |
29.2 |
|
|
$ |
365.5 |
|
| TELEDYNE TECHNOLOGIES INCORPORATED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES SUMMARY OF QUARTERLY OPERATING INCOME (continued) (Unaudited - in millions) |
|||||||||||
|
|
First Quarter 2020 |
||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
||||||
|
|
|
|
|
|
|
||||||
| Digital Imaging |
$ |
43.8 |
|
|
$ |
4.6 |
|
|
$ |
48.4 |
|
| Instrumentation |
50.8 |
|
|
4.8 |
|
|
55.6 |
|
|||
| Aerospace and Defense Electronics |
13.4 |
|
|
0.2 |
|
|
13.6 |
|
|||
| Engineered Systems |
11.4 |
|
|
— |
|
|
11.4 |
|
|||
| Corporate expense |
(15.4 |
) |
|
— |
|
|
(15.4 |
) |
|||
| Total |
$ |
104.0 |
|
|
$ |
9.6 |
|
|
$ |
113.6 |
|
|
|
Second Quarter 2020 |
||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
||||||
|
|
|
|
|
|
|
||||||
| Digital Imaging |
$ |
46.8 |
|
|
$ |
4.4 |
|
|
$ |
51.2 |
|
| Instrumentation |
48.5 |
|
|
5.1 |
|
|
53.6 |
|
|||
| Aerospace and Defense Electronics |
17.5 |
|
|
0.2 |
|
|
17.7 |
|
|||
| Engineered Systems |
10.8 |
|
|
— |
|
|
10.8 |
|
|||
| Corporate expense |
(13.8 |
) |
|
— |
|
|
(13.8 |
) |
|||
| Total |
$ |
109.8 |
|
|
$ |
9.7 |
|
|
$ |
119.5 |
|
|
|
Third Quarter 2020 |
||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
||||||
|
|
|
|
|
|
|
||||||
| Digital Imaging |
$ |
45.5 |
|
|
$ |
4.5 |
|
|
$ |
50.0 |
|
| Instrumentation |
50.7 |
|
|
5.1 |
|
|
55.8 |
|
|||
| Aerospace and Defense Electronics |
26.7 |
|
|
0.3 |
|
|
27.0 |
|
|||
| Engineered Systems |
12.5 |
|
|
— |
|
|
12.5 |
|
|||
| Corporate expense |
(12.9 |
) |
|
— |
|
|
(12.9 |
) |
|||
| Total |
$ |
122.5 |
|
|
$ |
9.9 |
|
|
$ |
132.4 |
|
|
|
Fourth Quarter 2020 |
||||||||||
|
|
GAAP
|
|
Acquired
|
|
Non-GAAP
|
||||||
|
|
|
|
|
|
|
||||||
| Digital Imaging |
$ |
56.7 |
|
|
$ |
4.6 |
|
|
$ |
61.3 |
|
| Instrumentation |
63.2 |
|
|
4.8 |
|
|
68.0 |
|
|||
| Aerospace and Defense Electronics |
23.2 |
|
|
0.2 |
|
|
23.4 |
|
|||
| Engineered Systems |
15.4 |
|
|
— |
|
|
15.4 |
|
|||
| Corporate expense |
(14.7 |
) |
|
— |
|
|
(14.7 |
) |
|||
| Total |
$ |
143.8 |
|
|
$ |
9.6 |
|
|
$ |
153.4 |
|
