What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Teledyne Technologies (TDY) spend its free cash flow?

For TTM through Q1 2026, Teledyne Technologies generated $1.18B of operating cash flow and $1.05B of free cash flow — a free cash flow margin of 89.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Teledyne Technologies (TDY) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Teledyne Technologies's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Teledyne Technologies (TDY) Cash Flow Waterfall

Operating CF

$1.18B

Capex

-$129M

Free Cash Flow

$1.05B

FCF Margin

+89.1%

Cash flow waterfall for Teledyne Technologies (TDY) — TTM through Q1 2026

Free cash flow: $1.05B

Cash flow breakdown for Teledyne Technologies (TDY) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.18B	$1.18B
Capital Expenditure	-$129M	$1.05B
Free Cash Flow	$1.05B	$1.05B
Acquisitions	-$90M	$964M
Other Investing	$200K	$964M
Share Buybacks	-$403M	$561M
Net Debt Change	-$479M	$82.1M
Other Financing & FX	-$22.2M	$59.9M
Net Cash Increase	$59.9M	$59.9M

Operating Cash Flow$1.18B
Capital Expenditure-$129M
Free Cash Flow$1.05B
Acquisitions-$90M
Other Investing$200K
Share Buybacks-$403M
Net Debt Change-$479M
Other Financing & FX-$22.2M
Net Cash Increase$59.9M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Teledyne Technologies (TDY) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

TDY Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks1.47% TTM

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation