Capital Allocation and Financial Overview
Teledyne Technologies Incorporated
Reconciliation of Non-GAAP Financial Measures (cont...)
Reconciliation of GAAP to Non-GAAP financial measures (in millions):
Fiscal Year (Incl. Discont Ops)
2007
2008
2009
2010
2011
2012
2013
Fiscal Year
2014
2015
2016
2017
2018
2019
Net cash provided by operating activities, GAAP
Less: purchases of property, plant and equipment
Less: facility purchase pursuant to 1031 like-kind exchange
Free Cash Flow, non-GAAP
Add: pension contribution, net of taxes
$ 166.7
(40.3)
0.0
$ 120.4
(41.9)
0.0
$ 154.9
$ 127.1
(36.2)
(31.0)
0.0
0.0
$ 219.5
(41.7)
0.0
$ 189.2
(65.3)
$ 203.3
(72.6)
$ 287.9
(43.5)
$ 210.2
(47.0)
$ 317.0
$ 374.7
$ 446.9
$ 482.1
(61.6)
(58.5)
(86.8)
(88.4)
0.0
0.0
0.0
0.0
(26.0)
0.0
0.0
0.0
126.4
78.5
118.7
96.1
177.8
123.9
130.7
244.4
163.2
229.4
316.2
360.1
393.7
3.9
35.7
71.1
28.1
44.0
60.3
51.4
0.0
0.0
0.0
0.0
0.0
0.0
Add: restricted cash utilized for 1031 like-kind exchange
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
19.5
0.0
0.0
0.0
Adjusted Free Cash Flow, non-GAAP
130.3
114.2
189.8
124.2
221.8
184.2
182.1
244.4
163.2
248.9
316.2
360.1
393.7
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