Teradyne Reports First Quarter 2023 Results
| CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | | | | | | | | | | | |
April 2,
2023 | |
December 31,
2022 | | Assets | | | | | | | Cash and cash equivalents | $ | 649,208 | | $ | 854,773 | | | Marketable securities | 92,895 | | 39,612 | | | Accounts receivable, net | 455,334 | | 491,145 | | | Inventories, net | 352,058 | | 325,019 | | | Prepayments | 549,114 | | 532,962 | | | Other current assets | 13,367 | | 14,404 | | | | Total current assets | 2,111,976 | | 2,257,915 | | | | | | | | | | Property, plant and equipment, net | 432,381 | | 418,683 | | | Operating lease right-of-use assets, net | 74,939 | | 73,734 | | | Marketable securities | 116,938 | | 110,777 | | | Deferred tax assets | 148,527 | | 142,784 | | | Retirement plans assets | 11,650 | | 11,761 | | | Other assets | 27,922 | | 28,925 | | | Acquired intangible assets, net | 49,246 | | 53,478 | | | Goodwill | 409,828 | | 403,195 | | | | Total assets | $ | 3,383,407 | | $ | 3,501,252 | | | | | | | | | Liabilities | | | | | | | Accounts payable | $ | 142,382 | | $ | 139,722 | | | Accrued employees' compensation and withholdings | 119,433 | | 212,266 | | | Deferred revenue and customer advances | 119,355 | | 148,285 | | | Other accrued liabilities | 114,739 | | 112,271 | | | Operating lease liabilities | 19,985 | | 18,594 | | | Income taxes payable | 77,089 | | 65,010 | | | Current debt | 35,109 | | 50,115 | | | | | | | | | | | Total current liabilities | 628,092 | | 746,263 | | | | | | | | | | Retirement plans liabilities | 121,303 | | 116,005 | | | Long-term deferred revenue and customer advances | 41,797 | | 45,131 | | | Long-term other accrued liabilities | 16,211 | | 15,981 | | | Deferred tax liabilities | 2,325 | | 3,267 | | | Long-term operating lease liabilities | 65,082 | | 64,176 | | | Long-term income taxes payable | 59,135 | | 59,135 | | | | Total liabilities | 933,945 | | 1,049,958 | | | | | | | | | Shareholders' equity | 2,449,462 | | 2,451,294 | | | | Total liabilities and shareholders’ equity | $ | 3,383,407 | | $ | 3,501,252 |
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