Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 16

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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 a variety of factors such as share price, levels of cash available, acquisitions and alternative investment opportunities available immediately or longer-term, and other regulatory, market or economic conditions.  We currently intend to fund future share repurchases, if any, with cash on hand and available borrowings under our credit facility.  No repurchases under any authorizations were made in the third quarter and first nine months of 2025.

Cash Flows

Net cash provided by operating activities was $812.3 million for the first nine months of 2025 compared with $859.5 million, with the decrease  primarily driven by higher income tax payments in 2025 as well as the timing of accounts receivable collections.

Net cash used in investing activities was $840.9 million for the first nine months of 2025 compared with $178.2 million.  During the first nine months of 2025, we spent $764.2 million on acquisitions compared with $123.7 million.  Capital expenditures for the first nine months of 2025 and 2024 were $77.5 million and $54.7 million, respectively.  We currently plan to invest approximately $130 million for capital expenditures in 2025.

Net cash used in financing activities was $93.5 million for the first nine months of 2025 compared with net cash used in financing activities of $772.4 million.  The first nine months of 2025 included the repurchase and retirement of $118.2 million in principal of our fixed rate senior notes for $107.7 million in cash.   The first nine months of 2024 included a $450 million debt maturity payment on our Senior Notes due April 2024 and share repurchases of $332.6 million.

Critical Accounting Policies and Estimates

Our critical accounting policies and estimates are those that are reflective of significant judgments and uncertainties and may potentially result in materially different results under different assumptions and conditions.  Our critical accounting policies are the following: accounting for revenue recognition; accounting for business combinations, goodwill and acquired intangible assets; and accounting for income taxes. 

For additional discussion of the application of the critical accounting policies and other accounting policies, see Note 1 to the condensed consolidated financial statements and also Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Note 2 of the notes to consolidated financial statements included in Teledyne’s 2024 Form 10-K.

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Safe Harbor Cautionary Statement Regarding Forward-Looking Information