Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 282

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 282
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•With the assistance of our fair value specialists, we evaluated the reasonableness of the discount rate by developing a range of independent estimates and comparing those to the discount rate selected by management.

/s/ Deloitte & Touche LLP 

Los Angeles, California

February 20, 2025

We have served as the Company’s auditor since 2015.

46

TELEDYNE TECHNOLOGIES INCORPORATED

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(Amounts in millions, except per-share amounts)

  For the Fiscal Year 202420232022Net sales$5,670.0 $5,635.5 $5,458.6 Costs and expensesCost of sales3,235.2 3,196.1 3,128.3 Selling, general and administrative902.6 852.0 804.0 Research and development292.6 356.3 352.2 Acquired intangible asset amortization198.0 196.7 201.7 Impairment of acquired intangible assets52.5 — 0.4 Total costs and expenses4,680.9 4,601.1 4,486.6 Operating income (loss)989.1 1,034.4 972.0 Interest and debt expense, net(57.9)(77.3)(89.3)Non-service retirement benefit income10.8 12.4 11.4 Gain (loss) on debt extinguishment— 1.6 10.6 Other income (expense), net(4.1)(12.2)3.4 Income (loss) before income taxes937.9 958.9 908.1 Provision (benefit) for income taxes117.2 72.3 119.2 Net income (loss) including noncontrolling interest820.7 886.6 788.9 Less: Net income (loss) attributable to noncontrolling interest1.5 0.9 0.3 Net income (loss) attributable to Teledyne$819.2 $885.7 $788.6 Basic earnings per common share$17.43 $18.80 $16.85 Weighted average common shares outstanding47.0 47.1 46.8 Diluted earnings per common share$