“Flowers in the Killing Fields II” by Rick Spangle
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TDY ANNUAL Final/Revisions
TELEDYNE TECHNOLOGIES INCORPORATED 1 ANNUAL REPORT 2003ANNUAL REPORT 2003 HIGHLIGHTS Selected Consolidated Financial Data (In millions, except per-share data) Summary Financial Information 2003 2002 2001 Sales $ 840.7 $ 772.7 $ 744.3 Net income $ 29.7 $ 25.4 $ 6.6 Diluted earnings per-share $ 0.91 $ 0.77 $ 0.20 Weighted average diluted common shares outstanding 32.7 32.9 32.4 Summary Balance Sheet Data 2003 2002 2001 Cash and cash equivalents $ 37.8 $ 19.0 $ 11.9 Working capital 129.5 102.6 115.3 Total assets 428.1 391.1 349.3 Long-term debt — — 30.0 Stockholders’ equity $ 221.0 $ 176.8 $ 173.0 Sales (In millions) Sales by Segment $841 25% 20% $744 $773 Electronics and Communications Systems Engineering Solutions 2% Aerospace Engines and Components Energy Systems 53% 2001 2002 2003 Earnings per Share Free Cash Flow (1) (In millions; continuing operations data) $0.91 $58.8 $0.77 $36.6 $0.20 (1) $(7.4) Free Cash Flow defined as Cash Flow from Operating Activities less purchases 2001 2002 2003 of property, plant and equipment. 2001 2002 2003 See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “Notes to Consolidated Financial Statements” in this 2003 Annual Report on Form 10-K for additional information regarding Teledyne Technologies Incorporated financial data. 2 TELEDYNE TECHNOLOGIES INCORPORATED ANNUAL REPORT 2003ANNUAL REPORT TO OUR STOCKHOLDERS Our Strategy Teledyne Technologies is a leader in several niche markets that are regulated and have significant barriers to entry. Going forward, our strategy is to create larger transformational growth platforms, primarily through acquisitions, focused on related businesses with defensible leadership positions. -
Teledyne Technologies Incorporated 2020 Annual Report
2020 Annual Report Innovative and Disciplined GAAP EPS (a) Sales $3,500 $12 $ In Millions $3,164 $3,086 $10.73 $10.62 $ Per Share $3,000 $2,902 $10 $2,604 $9.01 $2,394 $2,500 $2,339 $2,298 $2,127 $2,150 $8 $1,942 $6.26 $2,000 $5.75 $6 $5.44 $5.37 $4.87 $1,500 $4.33 $3.81 $4 $1,000 $2 $500 $0 $0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (a) Represents total GAAP earnings per diluted share for 2013 through 2020 and GAAP EPS from continuing operations for 2011 and 2012. Financial Highlights Selected Consolidated Financial Data (In millions, except per share data) Summary Financial Information 2020 2019 2018 2017 2016 Sales $3,086.2 $3,163.6 $2,901.8 $2,603.8 $2,149.9 Net income 401.9 402.3 333.8 227.2 190.9 Diluted earnings per 10.62 10.73 9.01 6.26 5.37 common share Weighted average diluted 37.9 37.5 37.0 36.3 35.5 common shares outstanding Summary Balance Sheet Data 2020 2019 2018 2017 2016 Cash and cash equivalents $673.1 $199.5 $142.5 $70.9 $98.6 Total assets 5,084.8 4,579.8 3,809.3 3,846.4 2,774.4 Long-term debt 680.9 750.0 610.1 1,063.9 509.7 Total equity 3,228.6 2,714.7 2,229.7 1,947.3 1,554.4 See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “Notes to Consolidated Financial Statements” in the 2020 Form 10-K for additional information regarding Teledyne Technologies Incorporated’s financial data. -
Teledyne Credit Agreement
EXECUTION VERSION CREDIT AGREEMENT Dated as of December 11, 2016 among TELEDYNE TECHNOLOGIES INCORPORATED, as the Borrower, CERTAIN OF ITS SUBSIDIARIES, as Guarantors, BANK OF AMERICA, N.A., as Administrative Agent, and THE OTHER LENDERS PARTY HERETO MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Sole Book Manager and Sole Lead Arranger #89114709v24 Table of Contents Page ARTICLE I DEFINITIONS AND ACCOUNTING TERMS ...................................................................... 1 1.01 Defined Terms. ............................................................................................................. 1 1.02 Other Interpretive Provisions. .................................................................................... 27 1.03 Accounting Terms. ..................................................................................................... 27 1.04 [Reserved]. ................................................................................................................. 28 1.05 [Reserved]. ................................................................................................................. 28 1.06 [Reserved]. ................................................................................................................. 28 1.07 Rounding. ................................................................................................................... 28 1.08 References to Agreements and Laws. ........................................................................ 28 1.09 Times of Day. ............................................................................................................ -
2002 Annual Report Teledyne Technologies Incorporated
30047BC_FCA 2/26/03 9:17 PM Page 1 Teledyne Technologies Incorporated TELEDYNE TECHNOLOGIES INCORPORATED ANNUAL REPORT 2002 ANNUAL REPORT 12333 West Olympic Boulevard • Los Angeles, California 90064 • 310.893.1600 • fax: 310.893.1669 • www.teledyne.com BC_FC Teledyne Tech 02.26.03 CYNMAGYELBLKPMS2935 30047 2 30047IFC_IBCA 6/12/03 7:03 AM Page 1 Southwest Software ProofCheck® Pro Control Bar FORWARD-LOOKING STATEMENTS CAUTIONARY NOTICE This annual report contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to earnings, cost-savings, growth opportunities, capital expenditures, pension matters and strategic plans. Actual results could differ materially from these forward-looking statements. Many factors, including changes in demand for products sold to the semiconductor, communications and commercial aviation markets, timely development of acceptable and competitive fuel cell products and systems, funding, continuation and award of government programs, receipt of (or failure to receive) government award fees based on collective performance achievements of multiple contractors, the terms of the Company’s renewal of its current products liability insurance policy, continued liquidity of our customers (including commercial airline customers) and economic and political conditions, could change the anticipated results. United States’ and global responses to the Middle East conflict, terrorism and perceived nuclear threats increase uncertainties associated with forward-looking statements about our businesses. Various responses could realign government programs, and affect the composition, funding or timing of our programs. As happened after the September 11th terrorist attacks, reinstatement of flight restrictions would negatively impact the market for general aviation aircraft piston engine and components.