Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 187

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 187
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The accompanying notes are an integral part of these financial statements.

50

TELEDYNE TECHNOLOGIES INCORPORATED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in millions)

For the Fiscal Year 202420232022Operating ActivitiesNet income (loss) including noncontrolling interest$820.7 $886.6 $788.9 Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:Depreciation and amortization309.9 316.4 332.2 Stock-based compensation37.7 32.3 31.5 Bridge financing and debt extinguishment (income) expense— (1.6)(10.6)Impairment of intangible assets52.5 — 0.4 Changes in operating assets and liabilities, net of businesses acquired:Accounts receivable and unbilled receivables(22.8)(21.7)(87.9)Inventories(10.4)(14.3)(155.2)Prepaid expenses and other assets(7.5)(42.6)(50.4)Accounts payable33.7 (124.9)45.9 Accrued expenses and other liabilities89.4 49.7 (344.2)Deferred taxes and income taxes receivable (payable), net(120.7)(230.9)(35.2)Other, net9.4 (12.9)(28.6)Net cash provided by (used in) operating activities1,191.9 836.1 486.8 Investing ActivitiesPurchases of property, plant and equipment(83.7)(114.9)(92.6)Purchase of businesses and other investments, net of cash acquired(123.7)(77.7)(99.6)Other investing, net0.2 2.3 16.8 Net cash provided by (used in) investing activities(207.2)(190.3)(175.4)Financing ActivitiesNet proceeds (repayments) from credit facility— (125.0)— Payments on other debt(600.6)(553.9)(174.8)Purchase of treasury stock(354.0)— — Liquidations (maturities) of cross currency swap(18.7)(13.5)43.