TELEFLEX INC

10-K & 10-Q Filings

Teleflex Incorporated is a global medical technology company that designs, develops, manufactures, and supplies single-use medical devices for various diagnostic and therapeutic procedures in critical care and surgical applications. The company's business strategy includes developing new products, expanding into new markets, and increasing efficiencies through restructuring programs. Teleflex has four business segments: Americas, EMEA (Europe, Middle East, and Africa), Asia (Asia Pacific), and OEM (Original Equipment Manufacturer and Development Services). The company's website is teleflex.com, and its ticker symbol is TFX. Teleflex's product categories include vascular access, anesthesia, interventional, surgical, interventional urology, respiratory, and urology. Its products are used in hospitals and healthcare providers, medical device manufacturers, and home care markets. Teleflex is subject to comprehensive government regulation regarding the development, manufacture, sale, and distribution of medical devices in the U.S. and other countries. The company competes in the highly competitive medical device industry based on clinical superiority, innovative features, product reliability, performance, customer and sales support, and cost-effectiveness.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Apr 02, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1528.91
1551.01
1696.27
1839.83
1809.69
1868.03
2146.30
2448.38
2595.36
2537.16
2809.56
2791.04
2974.49
710.93
737.85
5.70%3.79%Cost of Revenue (-)
$810.07
802.78
857.33
897.40
865.29
871.83
974.50
1063.94
1103.75
1212.28
1259.96
1259.95
1327.56
319.55
321.71
4.20%0.68%Gross Profit (+)
$718.84
748.23
838.95
942.43
944.40
996.20
1171.80
1384.44
1491.61
1324.87
1549.60
1531.09
1646.93
391.38
416.13
7.15%6.32%Selling, General & Administrative (-)
$429.26
454.49
502.19
578.66
568.98
563.31
699.96
878.69
934.37
743.57
860.09
863.75
929.87
232.72
242.83
6.65%4.35%Research & Development (-)
$48.73
56.28
65.05
61.04
52.12
58.58
84.77
106.21
113.86
119.75
130.84
153.82
154.35
41.47
37.30
10.08%-10.06%Non-recurring Operating Expenses (-)
$
332.13
14.79
79.23
22.20
38.49
21.74
20.30
45.24
2.22
138.14
6119.68%Operating Expenses (-)
$485.67
842.89
605.68
657.57
628.51
676.75
799.52
1062.74
1064.36
901.81
921.51
1031.36
1140.62
276.41
418.27
7.37%51.32%Costs & Expenses (Total) (-)
$1288.06
1645.68
1463.01
1554.97
1486.39
1548.57
1774.02
2126.68
2168.11
2114.09
2181.47
2291.32
2468.18
595.96
739.98
5.57%24.17%Operating Income/Loss (+)
$233.17
-97.38
233.26
284.86
315.89
319.45
372.28
321.70
427.25
423.07
628.10
499.73
506.31
114.97
-4.79
6.67%-104.17%Non-operating Income/Expense (+)
$-14.15
1.57
-0.63
0.71
-9.92
-18.79
-4.82
0.94
-7.08
1.16
-11.66
0.46
12.78
0.84
1.67
97.63%Interest Expense (-)
$70.32
69.56
56.91
65.46
61.32
54.94
82.55
103.02
80.27
66.49
56.97
54.26
85.08
18.34
22.68
1.60%23.70%Earnings before Tax (+)
$148.70
-165.37
175.73
220.11
244.65
245.72
284.91
219.63
339.90
357.73
559.47
445.92
434.01
97.48
-25.81
9.34%-126.48%Tax Expense (-)
$27.00
16.41
23.55
28.65
7.84
8.07
129.65
23.20
-122.08
21.93
74.35
83.00
76.44
20.18
-41.55
9.06%-305.86%Income/Loss (Continuing Operations) (+)
$121.70
-181.78
152.18
191.46
236.81
237.65
155.26
196.43
461.98
335.80
485.12
362.92
357.57
77.30
15.74
9.40%-79.64%Income/Loss (Discontinued Operations) (+)
$203.26
-7.32
-0.43
-2.71
8.90
0.19
-2.73
4.37
-0.52
-0.48
0.26
0.22
-1.24
-0.55
-0.45
17.52%Profit/Loss (+)
$324.97
-189.10
151.75
188.75
245.71
237.84
152.53
200.80
461.47
Net Income/Loss (+)
$323.33
-190.06
150.88
187.68
244.86
237.38
152.53
200.80
461.47
335.32
485.37
363.14
356.33
76.75
15.29
0.81%-80.08%Net Income/Loss (Common) (+)
$323.33
-190.06
150.88
187.68
244.86
237.38
152.53
200.80
461.47
335.32
485.37
363.14
356.33
76.75
15.29
0.81%-80.08%EPS (Basic)
$7.98
-4.65
3.67
4.54
5.89
5.48
3.39
4.39
9.99
7.21
10.38
7.74
7.58
1.63
0.32
-0.43%-80.37%EPS (Diluted)
$7.92
-4.65
3.45
4.04
5.10
4.98
3.27
4.29
9.80
7.09
10.23
7.68
7.53
1.62
0.32
-0.42%-80.25%Weighted Avg Shares (Basic)
40.50
40.86
41.10
41.37
41.56
43.33
45.00
45.69
46.20
46.49
46.77
46.90
46.98
46.95
47.07
1.24%0.25%Weighted Avg Shares (Diluted)
40.80
40.86
43.69
46.47
48.06
47.65
46.66
46.80
47.09
47.29
47.43
47.31
47.30
47.28
47.39
1.24%0.23%Cash
$584.09
337.04
431.98
303.24
338.37
543.79
333.56
357.16
301.08
375.88
445.08
292.03
222.85
264.14
237.42
-7.72%-10.11%Receivables
$286.23
297.98
295.29
273.70
262.42
271.99
345.88
366.29
418.67
395.07
383.57
408.83
443.47
410.02
448.53
3.72%9.39%Inventory
$298.77
323.35
333.62
335.59
330.27
316.17
395.74
427.78
476.56
513.20
477.64
578.51
626.22
614.11
627.87
6.36%2.24%Prepaid Expenses (Current)
$62.25
55.87
76.31
75.95
68.40
48.56
53.63
84.94
110.02
138.28
122.82
131.61
114.88
139.79
119.79
5.24%-14.31%Other Assets (Current)
$48.92
54.84
63.34
64.72
6.97
2.88
Assets (Current)
$1280.26
1069.08
1200.55
1053.21
1006.43
1183.39
1128.81
1236.17
1306.33
1422.42
1429.12
1410.98
1407.41
1428.05
1433.61
0.79%0.39%Securities & Long-term Investments
$2.01
2.07
6991.20
1.15
0.15
Property, Plant & Equipment (Net)
$251.91
297.94
325.90
317.44
316.12
302.90
383.00
432.77
543.88
574.55
573.41
578.42
603.43
585.63
598.10
7.55%2.13%Goodwill & Intangibles
$2318.33
2308.25
2609.80
2540.27
2495.83
2368.38
4619.34
4571.63
4401.59
5105.71
4793.27
4842.90
5416.01
4817.38
5327.80
7.33%10.60%Other Assets
$71.60
62.16
111.39
65.19
59.98
36.54
50.35
37.42
58.02
49.88
75.92
95.77
105.69
86.86
118.42
3.30%36.33%Assets (Non-current)
$2643.85
2670.42
3008.45
2924.05
2872.09
2707.82
5052.69
5041.82
5003.49
5730.13
5442.60
5517.08
6125.14
5489.87
6044.31
7.25%10.10%Assets (Total)
$3924.10
3739.50
4209.01
3977.26
3878.52
3891.21
6181.49
6277.99
6309.82
7152.56
6871.72
6928.06
7532.55
6917.92
7477.92
5.58%8.09%Accounts Payable
$241.68
239.81
252.47
244.86
230.52
235.59
313.97
320.90
331.57
385.66
514.49
430.61
472.70
408.81
424.52
5.75%3.84%Debt (Current)
$4.99
4.70
356.29
368.40
419.94
183.07
86.63
86.63
50.00
100.50
110.00
87.50
87.50
87.50
90.63
26.97%3.57%Other Liabilities (Current)
$24.34
29.90
26.36
21.64
16.25
8.99
83.28
174.93
181.49
53.87
55.63
63.38
46.55
79.40
55.87
5.55%-29.64%Liabilities (Current)
$271.01
274.40
635.12
634.90
666.71
427.65
483.88
582.46
563.05
540.03
680.12
581.49
606.75
575.71
571.01
6.95%-0.82%Debt (Non-current)
$954.81
965.28
930.00
700.00
646.00
850.25
2162.93
2072.20
1960.32
2377.89
1740.10
1624.02
1727.57
1549.47
1667.90
5.07%7.64%Other Liabilities
$715.50
718.28
727.87
728.66
554.71
473.97
1104.16
1083.36
807.13
898.19
696.75
700.58
757.24
682.48
735.80
0.47%7.81%Liabilities (Non-current)
$1670.31
1683.56
1657.87
1428.66
1200.71
1324.23
3267.09
3155.56
2767.44
3276.07
2436.86
2324.60
2484.81
2231.96
2403.70
3.37%7.69%Liabilities (Total)
$1941.32
1957.96
2292.99
2063.56
1867.42
1751.87
3750.96
3738.01
3330.50
3816.10
3116.97
2906.10
3091.56
2807.67
2974.71
3.95%5.95%Treasury Stock
$131.05
127.95
124.62
121.45
119.42
170.97
228.86
168.54
165.72
162.59
157.27
154.89
152.10
1.25%Retained Earnings
$1847.11
1601.46
1696.42
1827.85
2016.18
2194.59
2285.89
2427.60
2824.92
3096.23
3517.95
3817.30
4109.74
6.89%AOCI
$-159.35
-132.05
-110.86
-260.89
-371.12
-438.72
-265.09
-341.08
-344.39
-297.30
-346.96
-403.52
-314.40
Shareholder's Equity
$1982.78
1781.54
1916.02
1913.70
2011.09
2137.52
2430.53
2539.98
2979.32
3336.46
3754.75
4021.97
4440.99
4110.25
4503.21
6.95%9.56%Liabilities & Equity
$3924.10
3739.50
4209.01
3977.26
3878.52
3891.21
6181.49
6277.99
6309.82
7152.56
6871.72
6928.06
7532.55
6917.92
7477.92
5.58%8.09%Net Income/Loss
$324.97
-189.10
151.75
188.75
245.71
237.84
152.53
200.80
461.47
335.32
485.37
363.14
356.33
76.75
15.29
0.77%-80.08%Depreciation & Amortization
$99.14
94.88
107.94
127.03
62.38
128.35
160.37
214.71
218.37
231.68
241.85
234.64
245.52
60.67
66.90
7.85%10.26%Increase/Decrease in Working Capital
$113.11
17.02
23.94
9.94
3.45
-18.57
-131.97
44.30
114.50
-22.28
-127.34
239.96
111.77
59.64
57.64
-0.10%-3.35%Share-based Compensation
$3.99
8.62
11.87
12.23
14.47
16.87
19.40
22.44
26.94
20.74
22.94
27.22
31.46
7.01
7.13
18.78%1.63%Adjustments to Reconcile Net Income
$-221.84
382.96
77.69
98.78
57.73
172.95
271.06
238.65
-24.91
101.34
167.02
-20.11
154.11
7.05
97.10
1276.76%Net Cash (Operating)
$103.13
193.85
229.87
290.24
303.45
410.59
426.30
435.09
437.07
437.14
652.14
342.81
511.68
84.35
112.84
14.28%33.78%Capital Expenditure
$-330.94
-1.19
63.63
62.36
61.04
52.16
64.57
76.92
88.35
89.29
-153.29
66.76
76.44
21.84
38.43
76.01%Net Cash (Investing)
$300.22
-385.85
-372.64
-108.14
-154.85
-56.97
-1832.86
-196.39
-73.48
-837.78
156.74
-259.41
-621.23
-21.90
-24.81
-13.28%Increase/Decrease in Debt
$34.49
-0.71
305.00
-230.10
-15.66
-42.87
1223.92
-93.50
-253.50
575.00
-634.50
-140.25
101.25
-75.13
-57.13
9.39%23.96%Increase/Decrease in Equity
$15.49
9.00
1.21
-0.25
-4.02
0.11
-21.09
22.47
9.57
10.55
13.77
-5.20
Interest Expenses
$45.34
46.68
43.58
49.80
45.97
44.20
74.26
101.79
Dividends Paid
$55.14
55.59
55.92
56.26
56.53
58.96
61.24
62.16
62.83
63.22
63.65
63.79
63.90
15.97
16.00
1.24%0.20%Net Cash (Financing)
$-5.16
-47.29
232.60
-287.70
-85.58
-228.15
1141.26
-206.43
-418.84
455.16
-715.82
-217.51
38.54
-93.59
-71.45
23.66%Cash Taxes Paid
$105.88
105.89
51.08
67.91
48.41
12.57
-76.68
101.34
6.53
13.29
-73.47
79.45
12.26
-7.22
-6.89
-16.44%4.66%Effect of Exchange Rate
$-11.53
2.39
8.44
-19.47
-25.25
-27.39
61.48
-10.95
-3.29
21.01
-23.13
-19.74
2.86
3.53
-0.15
-104.28%Increase/Decrease in Cash
$375.64
-247.05
94.94
-128.75
35.13
205.42
-210.23
23.60
-56.08
74.80
69.20
-153.05
-69.19
-27.90
14.57
152.25%Cash (Beginning)
$208.45
584.09
337.04
431.98
303.24
338.37
543.79
333.56
357.16
301.08
375.88
445.08
292.03
292.03
222.85
2.85%-23.69%Cash (Ending)
$584.09
337.04
431.98
303.24
338.37
543.79
333.56
357.16
301.08
375.88
445.08
292.03
222.85
264.14
237.42
-7.72%-10.11%NOPAT
$399.19
-35.03
165.46
196.98
378.39
303.11
202.87
173.26
580.70
407.35
544.63
410.68
492.01
91.17
-6.07
1.76%-106.66%Gross Margin %
47.02%
48.24%
49.46%
51.22%
52.19%
53.33%
54.60%
56.55%
57.47%
52.22%
55.15%
54.86%
55.37%
55.05%
56.40%
Operating Margin %
15.25%
-6.28%
13.75%
15.48%
17.46%
17.10%
17.35%
13.14%
16.46%
16.67%
22.36%
17.90%
17.02%
16.17%
-0.65%
NOPAT Margin %
26.11%
-2.26%
9.75%
10.71%
20.91%
16.23%
9.45%
7.08%
22.37%
16.06%
19.38%
14.71%
16.54%
12.82%
-0.82%
Net Margin %
21.15%
-12.25%
8.89%
10.20%
13.53%
12.71%
7.11%
8.20%
17.78%
13.22%
17.28%
13.01%
11.98%
10.80%
2.07%
Tax Rate %
-71.20%
64.03%
29.07%
30.85%
-19.79%
5.12%
45.50%
46.14%
-35.92%
3.72%
13.29%
17.82%
2.83%
20.71%
-26.69%
ROA
10.17%
-0.94%
3.93%
4.95%
9.76%
7.79%
3.28%
2.76%
9.20%
5.70%
7.93%
5.93%
6.53%
1.32%
-0.08%
ROE
20.13%
-1.97%
8.64%
10.29%
18.82%
14.18%
8.35%
6.82%
19.49%
12.21%
14.50%
10.21%
11.08%
2.22%
-0.13%
ROIC
12.81%
-1.10%
4.67%
5.67%
11.08%
9.31%
3.59%
3.03%
10.03%
6.20%
8.94%
6.46%
7.10%
1.47%
-0.09%
Asset Turnover
0.39
0.41
0.40
0.46
0.47
0.48
0.35
0.39
0.41
0.35
0.41
0.40
0.39
0.10
0.10
Inventory Turnover
2.71
2.48
2.57
2.67
2.62
2.76
2.46
2.49
2.32
2.36
2.64
2.18
2.12
0.52
0.51
Equity Multiplier
1.98
2.10
2.20
2.08
1.93
1.82
2.54
2.47
2.12
2.14
1.83
1.72
1.70
1.68
1.66
Current Ratio
4.72
3.90
1.89
1.66
1.51
2.77
2.33
2.12
2.32
2.63
2.10
2.43
2.32
2.48
2.51
Quick Ratio
3.21
2.31
1.15
0.91
0.90
1.91
1.40
1.24
1.28
1.43
1.22
1.21
1.10
1.17
1.20
Debt/Equity Ratio
0.48
0.54
0.67
0.56
0.53
0.48
0.93
0.85
0.67
0.74
0.49
0.43
0.41
0.40
0.39
Interest Coverage Ratio
5.14
-2.09
5.35
5.72
6.87
7.23
5.01
3.16
Working Capital/Sales
0.36
0.37
0.36
0.33
0.33
0.31
0.30
0.29
0.32
0.35
0.26
0.34
0.31
1.11
1.11
R&D/Sales
0.03
0.04
0.04
0.03
0.03
0.03
0.04
0.04
0.04
0.05
0.05
0.06
0.05
0.06
0.05
Dividend Payout Ratio %
13.81%
158.71%
33.80%
28.56%
14.94%
19.45%
30.18%
35.88%
10.82%
15.52%
11.69%
15.53%
12.99%
17.52%
263.52%
Total Payout
$50.50
93.97
-206.71
336.41
122.18
145.92
-1067.34
234.99
306.76
-522.33
684.37
209.24
-37.35
91.09
73.13
-19.72%Payout Ratio %
12.65%
268.30%
-124.93%
170.79%
32.29%
48.14%
-526.11%
135.63%
52.82%
-128.23%
125.66%
50.95%
-7.59%
99.92%
1204.29%