Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Teradyne Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Products	2,096,286)	2,591,572)	3,196,575)	2,690,906)	1,887,674)
Services	580,012)	563,473)	506,306)	430,563)	407,291)
Revenues	2,676,298)	3,155,045)	3,702,881)	3,121,469)	2,294,965)
Cost of products	(882,892)	(1,042,555)	(1,300,106)	(1,157,476)	(782,047)
Cost of services	(256,658)	(245,339)	(196,119)	(178,252)	(173,089)
Cost of revenues, exclusive of acquired intangible assets amortization	(1,139,550)	(1,287,894)	(1,496,225)	(1,335,728)	(955,136)
Gross profit	1,536,748)	1,867,151)	2,206,656)	1,785,741)	1,339,829)
Selling and administrative	(577,315)	(558,103)	(547,559)	(464,769)	(437,084)
Engineering and development	(418,089)	(440,591)	(427,609)	(374,964)	(322,824)
Acquired intangible assets amortization	(18,999)	(19,333)	(21,456)	(30,803)	(40,147)
Restructuring and other	(21,277)	(17,185)	(9,312)	13,202)	13,880)
Operating expenses	(1,035,680)	(1,035,212)	(1,005,936)	(857,334)	(786,175)
Income from operations	501,068)	831,939)	1,200,720)	928,407)	553,654)
Interest income	27,348)	6,379)	2,627)	5,982)	24,785)
Interest expense	(3,806)	(3,719)	(17,820)	(24,182)	(23,145)
Other income (expense), net	962)	5,786)	(24,572)	(9,192)	(29,522)
Non-operating income (expenses)	24,504)	8,446)	(39,765)	(27,392)	(27,882)
Income before income taxes	525,572)	840,385)	1,160,955)	901,015)	525,772)
Income tax provision	(76,820)	(124,884)	(146,366)	(116,868)	(58,304)
Net income	448,752)	715,501)	1,014,589)	784,147)	467,468)

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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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Teradyne Inc. revenues decreased from 2021 to 2022 and from 2022 to 2023.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Teradyne Inc. income from operations decreased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Teradyne Inc. income before income taxes decreased from 2021 to 2022 and from 2022 to 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Teradyne Inc. net income decreased from 2021 to 2022 and from 2022 to 2023.

Teradyne Inc. (NASDAQ:TER)

Income Statement