Teledyne Technologies Reports First Quarter Results

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TELEDYNE TECHNOLOGIES INCORPORATED

CONSOLIDATED CONDENSED BALANCE SHEETS

(Current period unaudited – in millions)

 
March 29, 2015 December 28, 2014
ASSETS
Cash and cash equivalents $ 110.2 $ 141.4
Accounts receivable, net 389.1 400.7
Inventories, net 323.4 311.8
Prepaid expenses and other current assets 78.6   87.8
Total current assets 901.3 941.7
Property, plant and equipment, net 329.1 336.5
Goodwill and acquired intangible assets, net 1,398.5 1,428.2
Prepaid pension asset 94.7 86.3
Other assets, net 69.5   69.5
Total assets $ 2,793.1   $ 2,862.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable $ 152.1 $ 162.5
Accrued liabilities 244.3 290.3
Current portion of long-term debt and capital leases 87.5   86.2
Total current liabilities 483.9 539.0
Long-term debt and capital lease obligations 742.5 618.9
Other long-term liabilities 237.2   235.8
Total liabilities 1,463.6 1,393.7
Total stockholders’ equity 1,329.5   1,468.5
Total liabilities and stockholders’ equity $ 2,793.1   $ 2,862.2

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