Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Teradyne Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	153,873)	180,131)	176,117)	153,157)	142,382)	139,722)	167,975)	175,606)	156,493)	153,133)	154,912)	156,103)	177,473)	133,663)	150,427)	184,163)	129,633)	126,617)	117,936)	103,449)	118,816)
Accrued employees’ compensation and withholdings	121,144)	191,750)	155,246)	163,653)	119,433)	212,266)	168,102)	190,506)	139,287)	253,667)	196,928)	205,717)	138,238)	220,321)	175,286)	175,589)	119,226)	163,883)	127,912)	121,940)	89,089)
Deferred revenue and customer advances	100,058)	99,804)	109,445)	120,085)	119,355)	148,285)	143,591)	163,127)	155,761)	146,185)	140,380)	148,882)	144,812)	134,662)	129,438)	124,224)	98,815)	104,876)	95,936)	89,837)	84,764)
Other accrued liabilities	101,275)	114,712)	122,609)	114,435)	114,739)	112,271)	126,457)	133,881)	118,252)	124,187)	135,492)	146,484)	105,238)	77,581)	117,108)	119,732)	87,274)	70,871)	93,736)	77,053)	67,422)
Current operating lease liabilities	17,400)	17,522)	18,026)	20,212)	19,985)	18,594)	17,079)	17,770)	18,523)	19,977)	20,601)	20,539)	19,675)	20,573)	20,311)	20,000)	19,591)	19,476)	18,386)	18,041)	17,176)
Contingent consideration	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	16,789)	662)	9,106)	6,297)	11,753)	22,803)
Income taxes payable	55,922)	48,653)	35,687)	65,437)	77,089)	65,010)	64,141)	106,863)	103,386)	88,789)	73,077)	93,876)	90,349)	80,728)	79,270)	89,216)	58,760)	44,200)	33,508)	44,927)	41,898)
Current debt	—)	—)	23,529)	32,806)	35,109)	50,115)	14,596)	9,632)	20,497)	19,182)	32,219)	213,761)	11,057)	33,343)	—)	—)	—)	—)	—)	—)	—)
Current liabilities held for sale	4,687)	7,379)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	554,359)	659,951)	640,659)	669,785)	628,092)	746,263)	701,941)	797,385)	712,199)	805,120)	753,609)	985,362)	686,842)	700,871)	671,840)	729,713)	513,961)	539,029)	493,711)	467,000)	441,968)
Retirement plans liabilities	134,878)	132,090)	123,244)	124,040)	121,303)	116,005)	137,317)	141,884)	151,697)	151,141)	153,249)	154,311)	152,508)	151,140)	134,650)	130,826)	125,970)	134,471)	121,340)	122,596)	121,205)
Long-term deferred revenue and customer advances	35,044)	37,282)	34,405)	38,999)	41,797)	45,131)	48,488)	50,357)	51,698)	54,921)	60,022)	58,534)	55,138)	58,359)	59,099)	55,634)	50,791)	45,974)	42,592)	37,365)	32,843)
Long-term contingent consideration	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	7,227)	22,531)	32,948)	19,810)	30,599)	11,783)	15,094)	15,510)
Long-term other accrued liabilities	16,653)	19,998)	17,114)	16,475)	16,211)	15,981)	15,506)	15,530)	15,748)	15,497)	19,704)	19,387)	18,982)	19,352)	20,141)	22,703)	19,941)	19,535)	9,803)	9,660)	9,732)
Deferred tax liabilities	134)	183)	238)	1,304)	2,325)	3,267)	1,327)	3,143)	4,927)	6,327)	6,907)	8,961)	9,606)	10,821)	11,462)	11,997)	11,628)	14,070)	15,390)	17,800)	19,614)
Long-term operating lease liabilities	65,554)	65,092)	69,364)	65,079)	65,082)	64,176)	51,872)	57,600)	55,934)	56,178)	48,492)	49,066)	39,048)	42,073)	42,137)	43,582)	46,328)	45,849)	46,813)	46,460)	38,062)
Long-term income taxes payable	44,331)	44,331)	44,331)	44,331)	59,135)	59,135)	59,135)	59,135)	67,041)	67,041)	67,041)	67,041)	74,930)	74,930)	74,930)	74,930)	82,820)	82,642)	83,782)	88,884)	83,891)
Long-term debt	—)	—)	—)	—)	—)	—)	50,195)	64,796)	75,378)	89,244)	112,784)	143,618)	356,877)	376,768)	406,178)	402,305)	398,466)	394,687)	390,942)	387,243)	383,590)
Long-term liabilities held for sale	1,938)	2,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Long-term liabilities	298,532)	300,976)	288,696)	290,228)	305,853)	303,695)	363,840)	392,445)	422,423)	440,349)	468,199)	500,918)	707,089)	740,670)	771,128)	774,925)	755,754)	767,827)	722,445)	725,102)	704,447)
Total liabilities	852,891)	960,927)	929,355)	960,013)	933,945)	1,049,958)	1,065,781)	1,189,830)	1,134,622)	1,245,469)	1,221,808)	1,486,280)	1,393,931)	1,441,541)	1,442,968)	1,504,638)	1,269,715)	1,306,856)	1,216,156)	1,192,102)	1,146,415)
Convertible common shares	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,512)	2,881)	21,386)	1,233)	3,787)	—)	—)	—)	—)	—)	—)	—)
Mezzanine equity	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,512)	2,881)	21,386)	1,233)	3,787)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.125 par value	19,220)	19,087)	19,154)	19,269)	19,431)	19,470)	19,473)	19,735)	20,132)	20,281)	20,466)	20,680)	20,802)	20,765)	20,755)	20,725)	20,742)	20,801)	21,061)	21,305)	21,544)
Additional paid-in capital	1,848,088)	1,827,274)	1,816,137)	1,784,590)	1,772,352)	1,755,963)	1,746,779)	1,721,586)	1,711,690)	1,811,545)	1,800,373)	1,772,302)	1,765,971)	1,765,323)	1,756,831)	1,730,716)	1,721,367)	1,720,129)	1,712,185)	1,688,211)	1,679,997)
Accumulated other comprehensive income (loss)	(39,739)	(26,978)	(47,928)	(30,472)	(36,466)	(49,868)	(84,779)	(52,959)	(19,479)	(5,948)	4,217)	15,322)	8,677)	33,516)	8,248)	(8,500)	(27,113)	(18,854)	(24,221)	(7,591)	(15,706)
Retained earnings (accumulated deficit)	730,260)	706,514)	653,937)	661,496)	694,145)	725,729)	572,652)	610,234)	762,189)	736,566)	712,437)	684,952)	529,103)	387,414)	207,710)	1,610)	(164,323)	(241,918)	(226,390)	(222,513)	(215,607)
Shareholders’ equity	2,557,829)	2,525,897)	2,441,300)	2,434,883)	2,449,462)	2,451,294)	2,254,125)	2,298,596)	2,474,532)	2,562,444)	2,537,493)	2,493,256)	2,324,553)	2,207,018)	1,993,544)	1,744,551)	1,550,673)	1,480,158)	1,482,635)	1,479,412)	1,470,228)
Total liabilities, convertible common shares and shareholders’ equity	3,410,720)	3,486,824)	3,370,655)	3,394,896)	3,383,407)	3,501,252)	3,319,906)	3,488,426)	3,609,154)	3,809,425)	3,762,182)	4,000,922)	3,719,717)	3,652,346)	3,436,512)	3,249,189)	2,820,388)	2,787,014)	2,698,791)	2,671,514)	2,616,643)

Accounts payable: The accounts payable balance fluctuated over the reported periods, peaking notably in the second quarter of 2020 at $184.2 million, before gradually declining to around $153.9 million by the first quarter of 2024. This indicates variability in the short-term obligations to suppliers without a clear long-term trend.
Accrued employees’ compensation and withholdings: This liability showed significant volatility, rising sharply to a peak of $253.7 million in Q4 2021. Afterwards, it demonstrated a general declining pattern with intermittent rebounds, closing at $121.1 million in Q1 2024. The fluctuations may reflect changes in payroll liabilities or employment levels.
Deferred revenue and customer advances: Deferred revenues progressively increased from about $85 million in early 2019 to a peak near $163 million in mid-2022, followed by a declining trend to around $100 million in early 2024. This suggests a cycle of customer prepayments or contract billings that peaked mid-period and has since calmed.
Other accrued liabilities: This category experienced variability, with values ranging from approximately $67 million in early 2019 to a high near $146 million in Q3 2021, then descending to about $101 million by Q1 2024. The changes may relate to operational accrual adjustments or timing of certain expenses.
Current operating lease liabilities: The current portion of operating lease liabilities remained relatively stable, fluctuating modestly between roughly $17 million and $20 million through the period, indicating steady short-term lease commitments.
Contingent consideration: Contingent consideration showed a declining pattern from $22.8 million in early 2019 to a negligible or zero reported amount after mid-2020, suggesting settlement or expiration of such contingent liabilities.
Income taxes payable: Income tax payables showed variability with a peak of $106.9 million in Q3 2022 but declined subsequently to approximately $55.9 million in early 2024, reflecting fluctuations in tax liabilities possibly influenced by earnings and tax planning.
Current debt: Current debt was absent in early years but appeared in Q1 2021 at around $33 million, spiked to $213.8 million in Q2 2021, and declined steadily thereafter, indicating short-term borrowings that were largely paid down by early 2024.
Current liabilities held for sale: Reported only near the end of the series, with modest balances around $7.4 million and $4.7 million, potentially reflecting disposal groups classified as held for sale.
Current liabilities: Total current liabilities displayed pronounced volatility, peaking around $985 million in Q2 2021 due to increased short-term obligations, before gradually decreasing to roughly $554 million by Q1 2024, indicating deleveraging or reclassification over time.
Retirement plans liabilities: Retirement plan-related liabilities remained relatively stable between $121 million and $154 million throughout most of the period, with a mild downward tendency in the latter quarters, suggesting consistent pension or other post-retirement obligations.
Long-term deferred revenue and customer advances: Long-term deferred revenue showed a general declining trend from about $50.8 million in early 2020 to approximately $35 million by early 2024, implying recognition of previously deferred amounts or reduced future obligations.
Long-term contingent consideration: This liability decreased significantly from approximately $20 million in early 2020 to nearly zero after mid-2020, aligning with settlement or expiration of these long-term obligations.
Long-term other accrued liabilities: These liabilities remained relatively stable, fluctuating between approximately $9.7 million and $20 million, suggesting consistent long-term accrued expenses without dramatic changes.
Deferred tax liabilities: Deferred tax liabilities steadily decreased from roughly $19.6 million in early 2019 to under $0.2 million by early 2024, indicating reductions in temporary differences or utilization of deferred tax assets.
Long-term operating lease liabilities: These liabilities increased moderately from about $38 million in early 2019 to a peak around $69 million in late 2023, followed by slight stabilization, reflecting growing commitments under long-term lease agreements.
Long-term income taxes payable: Long-term income tax liabilities showed a declining pattern from $83.9 million in early 2019 to $44.3 million by early 2024, possibly representing payments or adjustments in tax obligations.
Long-term debt: Long-term debt remained relatively stable near $400 million through 2019 and 2020 but then decreased substantially from early 2021 onwards, falling to below $50 million by late 2022, and no amounts reported thereafter, signaling significant debt repayment or refinancing activities.
Long-term liabilities held for sale: Small balances reported near the end of the time series, roughly $2 million, indicative of classification of certain long-term liabilities as held for sale.
Long-term liabilities: The total long-term liabilities gradually diminished from about $704 million in early 2019 to approximately $299 million by early 2024, showing a consistent reduction in long-term obligations over the period.
Total liabilities: Total liabilities increased from roughly $1.15 billion in early 2019 to a peak of approximately $1.5 billion in mid-2020, driven by rises in current liabilities, before steadily declining to about $853 million by Q1 2024, reflecting overall deleveraging.
Convertible common shares and mezzanine equity: Amounts appear mainly between Q3 2020 and Q1 2022, reaching highs around $21 million, before disappearing from reported figures, indicating conversion or retirement of such equity instruments.
Common stock: Common stock par value exhibited a slight decline from $21.5 million in early 2019 to about $19.2 million by early 2024, suggesting no major issuances or buybacks but a gradual reduction potentially from retirements or other equity adjustments.
Additional paid-in capital: This account showed a consistent upward trend from $1.68 billion in early 2019 to nearly $1.85 billion by early 2024, indicating ongoing equity injections or capital contributions.
Accumulated other comprehensive income (loss): Accumulated other comprehensive income/loss experienced significant volatility, with large negative swings reaching a low of about -$84.8 million in late 2022, and ending near -$39.7 million in early 2024, reflecting unrealized gains and losses impacting equity.
Retained earnings (accumulated deficit): Retained earnings shifted markedly from a negative balance of about -$216 million in early 2019 to a positive $730 million by early 2024, demonstrating substantial profitability or earnings retention over the period.
Shareholders’ equity: Equity increased progressively from approximately $1.47 billion in early 2019 to about $2.56 billion by late 2021, then fluctuated somewhat, closing near $2.56 billion in early 2024, indicating overall growth in net assets.
Total liabilities, convertible equity, and shareholders’ equity: The total of liabilities, convertible common shares, and shareholders’ equity rose from about $2.62 billion in early 2019 to a peak of over $4 billion in early 2021, then declined to around $3.41 billion by early 2024, reflecting movements in capital structure and liability management.

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Teradyne Inc. (NASDAQ:TER)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data