Teledyne Technologies Incorporated, founded in 1960 and headquartered in Thousand Oaks, California, delivers advanced instrumentation, aerospace, and digital imaging solutions across diverse high-technology markets. The company generates revenue through long-term contracts and niche product offerings, emphasizing robust R&D and engineering excellence. Under the leadership of CEO Robert Mehrabian since 2014, Teledyne’s flagship products—like its precision sensor and imaging systems—cater to critical industrial and defense applications. With strategic investments in next-generation technologies and global expansion, the company is well-positioned for sustained growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
6,115,400
5,670,000
5,635,500
5,458,600
Cost of Sales
3,500,600
3,235,200
3,196,100
3,128,300
Gross Profit
2,614,800
2,434,800
2,439,400
2,330,300
Selling, General & Administrative Expenses
931,100
902,600
852,000
804,000
Depreciation & Amortization Expenses
216,600
198,000
196,700
201,700
Research & Development Expenses
317,300
292,600
356,300
352,200
Other Operating Expenses
—
52,500
—
400
Operating Profit
1,149,800
989,100
1,034,400
972,000
Interest Expense
(59,600)
(57,900)
(77,300)
(89,300)
Non-Operating Income
4,300
6,700
1,800
25,400
Total Non-Operating Income
(55,300)
(51,200)
(75,500)
(63,900)
Income Before Provision for Income Taxes
1,094,500
937,900
958,900
908,100
Provision for Income Taxes
198,800
117,200
72,300
119,200
Consolidated Net Income
895,700
820,700
886,600
788,900
Net Income Attributable to Minority Interests and Other
900
1,500
900
300
Net Income Attributable to Common Shareholders
894,800
819,200
885,700
788,600
Basic EPS
19.12
17.43
18.80
16.85
Diluted EPS
18.88
17.21
18.49
16.53
Basic Weighted Average Shares Outstanding
46,800
47,000
47,100
46,800
Diluted Weighted Average Shares Outstanding
47,400
47,600
47,900
47,700
Shares Outstanding
46,186
46,707
47,332
46,913
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
352,400
649,800
648,300
638,100
Total Cash and Cash Equivalents
352,400
649,800
648,300
638,100
Accounts Receivable
1,367,000
1,213,200
1,202,100
1,158,400
Total Trade Receivables
1,367,000
1,213,200
1,202,100
1,158,400
Inventories
1,043,300
914,400
917,700
890,700
Other Current Assets
292,900
167,200
213,300
130,700
Total Current Assets
3,055,600
2,944,600
2,981,400
2,817,900
Net Property, Plant & Equipment
839,100
745,200
777,000
769,800
Net Intangible Assets
2,100,100
2,012,900
2,278,100
2,440,600
Goodwill
8,687,600
7,990,500
8,002,800
7,873,000
Other Long-Term Assets
602,900
507,300
488,600
452,700
Total Assets
15,285,300
14,200,500
14,527,900
14,354,000
Accounts Payable
486,600
416,400
384,700
505,700
Accrued Expenses
923,400
844,900
781,300
717,600
Current Portion of Long-Term Debt
450,100
300
600,100
300,100
Total Current Liabilities
1,860,100
1,261,600
1,766,100
1,523,400
Long-Term Debt
2,025,300
2,648,700
2,644,800
3,620,500
Other Long-Term Liabilities
369,600
734,800
891,200
1,037,200
Total Long-Term Liabilities
2,394,900
3,383,500
3,536,000
4,657,700
Total Liabilities
4,771,400
4,645,100
5,302,100
6,181,100
Common Stock
500
500
500
500
Treasury Stock
(585,200)
(292,400)
—
(20,000)
Additional Paid-in Capital
4,383,200
4,414,500
4,407,300
4,353,400
Accumulated Other Comprehensive Income
(425,400)
(839,900)
(634,100)
(726,500)
Retained Earnings
7,140,800
6,266,700
5,447,500
4,561,800
Total Common Shareholders' Equity
10,513,900
9,549,400
9,221,200
8,169,200
Minority Interests and Other
—
6,000
4,600
3,700
Total Shareholders' Equity
10,513,900
9,549,400
9,221,200
8,169,200
Total Liabilities and Shareholders' Equity
15,285,300
14,200,500
14,527,900
14,354,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
895,700
820,700
886,600
788,900
Depreciation & Amortization
336,300
309,900
316,400
332,200
Share-Based Compensation Expense
39,600
37,700
32,300
31,500
Other Adjustments
(15,000)
52,500
(1,600)
(10,200)
Changes in Trade Receivables
(36,600)
(22,800)
(21,700)
(87,900)
Changes in Inventories
(42,800)
(10,400)
(14,300)
(155,200)
Changes in Accounts Payable
35,600
33,700
(124,900)
45,900
Changes in Accrued Expenses
71,200
89,400
49,700
(344,200)
Changes in Income Taxes Payable
(86,600)
(120,700)
(230,900)
(35,200)
Changes in Other Operating Activities
(6,100)
1,900
(55,500)
(79,000)
Cash from Operating Activities
1,191,300
1,191,900
836,100
486,800
Capital Expenditure
(117,300)
(83,700)
(114,900)
(92,600)
Payments for Business Acquisitions
(821,400)
(123,700)
(77,700)
(99,600)
Other Investing Activities
800
200
2,300
16,800
Cash from Investing Activities
(937,900)
(207,200)
(190,300)
(175,400)
Issuance of Short-Term Debt
—
(125,000)
—
—
Net Issuance / (Repayments) of Short-Term Debt
—
(125,000)
—
—
Issuance of Long-Term Debt
(163,800)
(600,600)
(553,900)
—
Repayments of Long-Term Debt
—
—
—
(174,800)
Net Issuance / (Repayments) of Long-Term Debt
(163,800)
(600,600)
(553,900)
(174,800)
Issuance of Common Shares
48,800
37,900
45,400
23,600
Repurchases of Common Shares
(402,900)
(354,000)
—
—
Net Issuance / (Repurchases) of Common Shares
(354,100)
(316,100)
45,400
23,600
Other Financing Activities
(37,300)
(29,100)
(18,000)
41,200
Cash from Financing Activities
(555,200)
(945,800)
(651,500)
(110,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
4,400
(37,400)
15,900
(38,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash