Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 65

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 65
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 the fair value of the FLIR indefinite-lived trademark.

•We evaluated the reasonableness of the revenue projections by comparing them to (1) FLIR and third-party historical financial data, (2) current economic factors and analyst reports of the Company and companies in its peer group, (3) industry reports, (4) assumptions used by the Company in its budgeting process, and (5) order backlog. 

•We performed a sensitivity analysis by varying projected revenue assumptions.

•With the assistance of our fair value specialists, we performed an analysis comparing applicable industry forecasted long-term revenue growth rate to management’s projected revenues used within the valuation model.

•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