Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Teradyne Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

		Mar 31, 2024		Dec 31, 2023		Oct 1, 2023		Jul 2, 2023		Apr 2, 2023		Dec 31, 2022		Oct 2, 2022		Jul 3, 2022		Apr 3, 2022		Dec 31, 2021		Oct 3, 2021		Jul 4, 2021		Apr 4, 2021		Dec 31, 2020		Sep 27, 2020		Jun 28, 2020		Mar 29, 2020		Dec 31, 2019		Sep 29, 2019		Jun 30, 2019		Mar 31, 2019
	Cash and cash equivalents
	Marketable securities
	Accounts receivable, less allowance for credit losses
	Inventories, net
	Prepayments
	Other current assets
	Current assets held for sale
	Current assets
	Property, plant and equipment, net
	Operating lease right-of-use assets, net
	Marketable securities
	Deferred tax assets
	Retirement plans assets
	Other assets
	Acquired intangible assets, net
	Goodwill
	Long-term assets held for sale
	Long-term assets
	Total assets

The financial data reveals various trends across multiple asset categories over the periods analyzed.

Liquidity and Short-Term Investments: Cash and cash equivalents generally showed an upward trend from early 2019 through the end of 2021, peaking in December 2021 at over 1.1 billion US dollars. However, from 2022 onwards, there is notable volatility, with cash balances declining significantly in the first half of 2022, followed by a recovery and fluctuations around the 600-850 million range through early 2024. Marketable securities exhibit a fluctuating pattern, starting at around 421 million US dollars in March 2019, dropping sharply by the end of 2019, and then experiencing variable recovery phases with no consistent upward or downward trend, ending at a lower value of 41 million in March 2024.
Receivables and Inventories: Accounts receivable trends indicate marked volatility, with values peaking sharply in mid-2021, reaching close to 870 million US dollars but subsequently declining with some periodic recoveries. Inventories similarly show growth from early 2019 through late 2022, increasing from around 161 million to over 350 million. Since then, inventory levels decreased moderately but remained above early 2019 levels, suggesting stock accumulation trends before recent stabilization.
Other Current Assets and Prepayments: Prepayments began to be recorded from late 2021, showing a progressive increase up to 593 million US dollars by late 2023, indicating a growing advance payment position. Other current assets experienced fluctuations and an apparent data anomaly in late 2021 where values dropped abruptly, but overall, the trend suggests moderate variation without a clear directional pattern. Current assets held for sale emerge only in the final two quarters of the timeline, reflecting minor asset disposals or classifications.
Total Current Assets: Total current assets exhibited a consistent increase from 1.59 billion in early 2019, peaking in mid-2021 at approximately 2.7 billion, followed by a gradual decline through 2023, indicating a contraction in current asset holdings.
Long-term Assets: Property, plant, and equipment steadily increased throughout the period, from approximately 283 million US dollars in early 2019 to over 457 million by early 2024, reflecting ongoing capital investments. Operating lease right-of-use assets showed minor fluctuations but generally remained stable in the 50-75 million range with a slight upward trend in recent periods.
Marketable Securities and Deferred Tax Assets – Long Term: The secondary listing of marketable securities (likely representing longer-term investments) displayed a gradual increase from approximately 92 million to 121 million US dollars, indicating strengthening longer-term marketable asset holdings. Deferred tax assets showed a steady and consistent increase, nearly tripling from around 70 million in early 2019 to approximately 186 million by early 2024, signifying growing deferred tax recognition on the balance sheet.
Intangible Assets and Goodwill: Acquired intangible assets steadily declined from nearly 120 million US dollars in early 2019 to just above 30 million in early 2024, indicating amortization or impairment over time. Goodwill displayed fluctuations but generally remained between 370 million and 415 million, with a slight upward bias in later periods, reflecting acquisitions and adjustments.
Other Assets and Asset Classifications: Other assets showed variability but generally underscored a slow upward trend. Retirement plan assets decreased slightly over time. Long-term assets experienced growth overall, rising from approximately 1.02 billion to 1.35 billion US dollars, highlighting ongoing investment in long-term holdings. Long-term assets held for sale were recorded only in final periods, suggesting potential divestiture activities.
Total Assets: Total assets increased steadily from 2.6 billion in early 2019 to a peak of 4.0 billion in early 2021; thereafter, assets contracted to around 3.4 billion by early 2024. This pattern indicates significant asset growth prior to 2021, followed by a period of consolidation or reduction possibly due to asset sales, depreciation, or other balance sheet adjustments.

Assets: Selected Items

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Current Assets: Selected Items