Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	180,131)	139,722)	153,133)	133,663)	126,617)
Accrued employees’ compensation and withholdings	191,750)	212,266)	253,667)	220,321)	163,883)
Deferred revenue and customer advances	99,804)	148,285)	146,185)	134,662)	104,876)
Other accrued liabilities	114,712)	112,271)	124,187)	77,581)	70,871)
Current operating lease liabilities	17,522)	18,594)	19,977)	20,573)	19,476)
Contingent consideration	—)	—)	—)	—)	9,106)
Income taxes payable	48,653)	65,010)	88,789)	80,728)	44,200)
Current debt	—)	50,115)	19,182)	33,343)	—)
Current liabilities held for sale	7,379)	—)	—)	—)	—)
Current liabilities	659,951)	746,263)	805,120)	700,871)	539,029)
Retirement plans liabilities	132,090)	116,005)	151,141)	151,140)	134,471)
Long-term deferred revenue and customer advances	37,282)	45,131)	54,921)	58,359)	45,974)
Long-term contingent consideration	—)	—)	—)	7,227)	30,599)
Deferred tax liabilities	183)	3,267)	6,327)	10,821)	14,070)
Long-term other accrued liabilities	19,998)	15,981)	15,497)	19,352)	19,535)
Long-term operating lease liabilities	65,092)	64,176)	56,178)	42,073)	45,849)
Long-term income taxes payable	44,331)	59,135)	67,041)	74,930)	82,642)
Long-term debt	—)	—)	89,244)	376,768)	394,687)
Long-term liabilities held for sale	2,000)	—)	—)	—)	—)
Long-term liabilities	300,976)	303,695)	440,349)	740,670)	767,827)
Total liabilities	960,927)	1,049,958)	1,245,469)	1,441,541)	1,306,856)
Convertible common shares	—)	—)	1,512)	3,787)	—)
Mezzanine equity	—)	—)	1,512)	3,787)	—)
Common stock, $0.125 par value	19,087)	19,470)	20,281)	20,765)	20,801)
Additional paid-in capital	1,827,274)	1,755,963)	1,811,545)	1,765,323)	1,720,129)
Accumulated other comprehensive income (loss)	(26,978)	(49,868)	(5,948)	33,516)	(18,854)
Retained earnings (accumulated deficit)	706,514)	725,729)	736,566)	387,414)	(241,918)
Shareholders’ equity	2,525,897)	2,451,294)	2,562,444)	2,207,018)	1,480,158)
Total liabilities, convertible common shares and shareholders’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Teradyne Inc. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Teradyne Inc. long-term liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Teradyne Inc. total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Teradyne Inc. shareholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Teradyne Inc. (NASDAQ:TER)

Balance Sheet: Liabilities and Stockholders’ Equity