Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Teradyne Inc., adjusted current assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	2,162,035)	2,257,915)	2,576,227)	2,415,434)	1,658,884)
Adjustments
Add: Allowance for credit losses	1,988)	1,955)	2,012)	2,034)	1,736)
After Adjustment
Adjusted current assets	2,164,023)	2,259,870)	2,578,239)	2,417,468)	1,660,620)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Teradyne Inc., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	3,486,824)	3,501,252)	3,809,425)	3,652,346)	2,787,014)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for credit losses	1,988)	1,955)	2,012)	2,034)	1,736)
Less: Deferred tax assets²	175,775)	142,784)	102,428)	87,913)	75,185)
After Adjustment
Adjusted total assets	3,313,037)	3,360,423)	3,709,009)	3,566,467)	2,713,565)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Teradyne Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	659,951)	746,263)	805,120)	700,871)	539,029)
Adjustments
Less: Current deferred revenue and customer advances	99,804)	148,285)	146,185)	134,662)	104,876)
After Adjustment
Adjusted current liabilities	560,147)	597,978)	658,935)	566,209)	434,153)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Teradyne Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	960,927)	1,049,958)	1,245,469)	1,441,541)	1,306,856)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	183)	3,267)	6,327)	10,821)	14,070)
Less: Deferred revenue and customer advances	137,086)	193,416)	201,106)	193,021)	150,850)
Less: Product warranty liability	50,595)	70,361)	88,745)	68,562)	39,673)
After Adjustment
Adjusted total liabilities	773,063)	782,914)	949,291)	1,169,137)	1,102,263)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Teradyne Inc., adjusted shareholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Shareholders’ equity	2,525,897)	2,451,294)	2,562,444)	2,207,018)	1,480,158)
Adjustments
Less: Net deferred assets (liabilities)¹	175,592)	139,517)	96,101)	77,092)	61,115)
Add: Allowance for credit losses	1,988)	1,955)	2,012)	2,034)	1,736)
Add: Deferred revenue and customer advances	137,086)	193,416)	201,106)	193,021)	150,850)
Add: Product warranty liability	50,595)	70,361)	88,745)	68,562)	39,673)
Add: Mezzanine equity	—)	—)	1,512)	3,787)	—)
After Adjustment
Adjusted shareholders’ equity	2,539,974)	2,577,509)	2,759,718)	2,397,330)	1,611,302)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred assets (liabilities). See details »

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Teradyne Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current debt	—)	50,115)	19,182)	33,343)	—)
Long-term debt	—)	—)	89,244)	376,768)	394,687)
Total reported debt	—)	50,115)	108,426)	410,111)	394,687)
Shareholders’ equity	2,525,897)	2,451,294)	2,562,444)	2,207,018)	1,480,158)
Total reported capital	2,525,897)	2,501,409)	2,670,870)	2,617,129)	1,874,845)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities²	17,522)	18,594)	19,977)	20,573)	19,476)
Add: Long-term operating lease liabilities³	65,092)	64,176)	56,178)	42,073)	45,849)
Adjusted total debt	82,614)	132,885)	184,581)	472,757)	460,012)
Adjustments to Equity
Less: Net deferred assets (liabilities)⁴	175,592)	139,517)	96,101)	77,092)	61,115)
Add: Allowance for credit losses	1,988)	1,955)	2,012)	2,034)	1,736)
Add: Deferred revenue and customer advances	137,086)	193,416)	201,106)	193,021)	150,850)
Add: Product warranty liability	50,595)	70,361)	88,745)	68,562)	39,673)
Add: Mezzanine equity	—)	—)	1,512)	3,787)	—)
Adjusted shareholders’ equity	2,539,974)	2,577,509)	2,759,718)	2,397,330)	1,611,302)
After Adjustment
Adjusted total capital	2,622,588)	2,710,394)	2,944,299)	2,870,087)	2,071,314)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred assets (liabilities). See details »

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Teradyne Inc., adjusted revenues

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Revenues	2,676,298)	3,155,045)	3,702,881)	3,121,469)	2,294,965)
Adjustment
Add: Increase (decrease) in deferred revenue and customer advances	(56,330)	(7,690)	8,085)	42,171)	40,389)
After Adjustment
Adjusted revenues	2,619,968)	3,147,355)	3,710,966)	3,163,640)	2,335,354)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Teradyne Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income	448,752)	715,501)	1,014,589)	784,147)	467,468)
Adjustments
Add: Deferred income tax expense (benefit)¹	(37,642)	(38,693)	(17,305)	(15,688)	(9,456)
Add: Increase (decrease) in allowance for credit losses	33)	(57)	(22)	298)	63)
Add: Increase (decrease) in deferred revenue and customer advances	(56,330)	(7,690)	8,085)	42,171)	40,389)
Add: Increase (decrease) in product warranty liability	(19,766)	(18,384)	20,183)	28,889)	4,342)
Add: Other comprehensive income (loss), net of tax	22,890)	(43,920)	(39,464)	52,370)	(5,814)
After Adjustment
Adjusted net income	357,937)	606,757)	986,066)	892,187)	496,992)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

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Teradyne Inc. (NASDAQ:TER)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income