Balance Sheet: Assets

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.

Teradyne Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	757,571)	854,773)	1,122,199)	914,121)	773,924)
Marketable securities	62,154)	39,612)	244,231)	522,280)	137,303)
Accounts receivable, less allowance for credit losses	422,124)	491,145)	550,749)	497,506)	362,368)
Inventories, net	309,974)	325,019)	243,330)	222,189)	196,691)
Contract manufacturer and supplier prepayments	502,257)	491,105)	364,478)	212,286)	143,392)
Prepaid maintenance and other services	17,592)	14,545)	13,660)	13,116)	8,503)
Prepaid taxes	16,083)	18,625)	15,090)	9,361)	8,046)
Other prepayments	13,038)	8,687)	13,038)	15,329)	16,753)
Prepayments	548,970)	532,962)	406,266)	250,092)	176,694)
Other current assets	37,992)	14,404)	9,452)	9,246)	11,904)
Current assets held for sale	23,250)	—)	—)	—)	—)
Current assets	2,162,035)	2,257,915)	2,576,227)	2,415,434)	1,658,884)
Property, plant and equipment, net	445,492)	418,683)	387,240)	394,800)	320,216)
Operating lease right-of-use assets, net	73,417)	73,734)	68,807)	54,569)	57,539)
Marketable securities	117,434)	110,777)	133,858)	117,980)	104,490)
Deferred tax assets	175,775)	142,784)	102,428)	87,913)	75,185)
Retirement plans assets	11,504)	11,761)	15,110)	17,468)	18,457)
Other assets	38,580)	28,925)	24,096)	9,384)	10,332)
Acquired intangible assets, net	35,404)	53,478)	75,635)	100,939)	125,480)
Goodwill	415,652)	403,195)	426,024)	453,859)	416,431)
Long-term assets held for sale	11,531)	—)	—)	—)	—)
Long-term assets	1,324,789)	1,243,337)	1,233,198)	1,236,912)	1,128,130)
Total assets	3,486,824)	3,501,252)	3,809,425)	3,652,346)	2,787,014)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Teradyne Inc. current assets decreased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Teradyne Inc. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Teradyne Inc. long-term assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Teradyne Inc. total assets decreased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Teradyne Inc. cash and cash equivalents decreased from 2021 to 2022 and from 2022 to 2023.
Marketable securities	Amount of investment in marketable security, classified as current.	Teradyne Inc. marketable securities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Accounts receivable, less allowance for credit losses	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Teradyne Inc. accounts receivable, less allowance for credit losses decreased from 2021 to 2022 and from 2022 to 2023.
Inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Teradyne Inc. inventories, net increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Teradyne Inc. (NASDAQ:TER)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items