Exhibit 99.1

FOR IMMEDIATE RELEASE July 28, 2022

Teleflex Reports Second Quarter Financial Results And Full Year Outlook

Wayne, PA -- Teleflex Incorporated (NYSE: TFX) (the “Company”) today announced financial results for the second quarter ended June 26, 2022.

Second quarter financial summary

•Revenues of $704.5 million, down 1.3% year-over-year; up 2.3% on a constant currency basis

•GAAP diluted EPS from continuing operations of $2.23, compared to $1.76 in the prior year period

•Adjusted diluted EPS from continuing operations of $3.39, compared to $3.35 in the prior year period

2022 guidance summary

•Reducing GAAP and constant currency revenue growth guidance to (0.45)% to 0.55% and 3.25% to 4.25%, respectively

•Lowering GAAP EPS from continuing operations guidance to $8.04 to $8.44 from $8.85 to $9.45

•Lowering adjusted diluted EPS from continuing operations guidance to $13.00 to $13.40 from $13.70 to $14.30

"Our second quarter results showed the resilience of our diverse portfolio of growth drivers and medically-necessary products," said Liam Kelly, Teleflex's Chairman, President and Chief Executive Officer. "Nonetheless, we did not see the expected operating environment recovery in our Interventional Urology business during the second quarter. Despite the near-term challenges, we remain committed to our multi-year strategy to drive growth in our high-growth portfolio and durable core, enhance margins, and advance our ESG initiatives."

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NET REVENUE BY SEGMENT

The following table provides information regarding net revenues in each of the Company's reportable operating segments for the three and six months ended June 26, 2022 and June 27, 2021on both a GAAP and constant currency basis.

	Three Months Ended		% Increase / (Decrease)
	June 26, 2022	June 27, 2021	Reported Revenue Growth	Currency Impact	Constant Currency Revenue Growth
Americas	$412.7	$414.8	(0.5)%	(0.2)%	(0.3)%
EMEA	145.2	157.1	(7.6)%	(11.0)%	3.4%
Asia	76.6	80.6	(5.0)%	(6.8)%	1.8%
OEM	70.0	61.0	14.8%	(2.8)%	17.6%
Total	$704.5	$713.5	(1.3)%	(3.6)%	2.3%

	Six Months Ended		Six Months Ended
	June 26, 2022	June 27, 2021	Reported Revenue Growth	Currency Impact	Constant Currency Revenue Growth
Americas	$790.7	$790.3	0.1%	(0.1)%	0.2%
EMEA	282.1	298.3	(5.5)%	(8.9)%	3.4%
Asia	145.8	144.3	1.0%	(5.6)%	6.6%
OEM	127.7	114.5	11.5%	(2.2)%	13.7%
Total	$1,346.3	$1,347.4	(0.1)%	(2.8)%	2.7%

NET REVENUE BY GLOBAL PRODUCT CATEGORY

The following table provides information regarding net revenues in each of the Company's global product categories for the three and six months ended June 26, 2022 and June 27, 2021on both a GAAP and constant currency basis.

	Three Months Ended		% Increase / (Decrease)
	June 26, 2022	June 27, 2021	Reported Revenue Growth	Currency Impact	Constant Currency Revenue Growth
Vascular Access	$163.9	$167.7	(2.3)%	(3.3)%	1.0%
Interventional	114.4	112.1	2.0%	(3.3)%	5.3%
Anesthesia	104.7	95.4	9.7%	(4.7)%	14.4%
Surgical	99.6	98.2	1.5%	(4.4)%	5.9%
Interventional Urology	79.8	92.2	(13.5)%	(0.3)%	(13.2)%
OEM	70.0	61.0	14.8%	(2.8)%	17.6%
Other	72.1	86.9	(16.9)%	(6.0)%	(10.9)%
Total	$704.5	$713.5	(1.3)%	(3.6)%	2.3%

	Six Months Ended		Six Months Ended
	June 26, 2022	June 27, 2021	Reported Revenue Growth	Currency Impact	Constant Currency Revenue Growth
Vascular Access	$330.1	$331.7	(0.5)%	(2.6)%	2.1%
Interventional	211.3	208.3	1.4%	(2.5)%	3.9%
Anesthesia	191.6	180.3	6.3%	(3.6)%	9.9%
Surgical	189.3	178.6	6.0%	(3.8)%	9.8%
Interventional Urology	154.7	165.6	(6.6)%	(0.2)%	(6.4)%
OEM	127.7	114.5	11.5%	(2.2)%	13.7%
Other	141.6	168.5	(15.9)%	(4.6)%	(11.3)%
Total	$1,346.3	$1,347.4	(0.1)%	(2.8)%	2.7%

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OTHER FINANCIAL HIGHLIGHTS

•Depreciation expense, amortization of intangible assets and deferred financing charges for the six months ended June 26, 2022 totaled $116.7 million compared to $122.2 million for the prior year period.

•Cash and cash equivalents at June 26, 2022 were $308.1 million compared to$445.1 million at December 31, 2021.

•Net accounts receivable at June 26, 2022 were $415.3 million compared to $383.6 million at December 31, 2021.

•Inventories at June 26, 2022 were $510.5 million compared to $477.6 million at December 31, 2021.

2022 OUTLOOK

On a GAAP basis, full year 2022 revenue growth outlook is now expected to be (0.45)% to 0.55%, reflecting our estimate of an approximately 3.70% negative impact of foreign exchange rate fluctuations. On a constant currency basis, the Company revised its full year 2022 revenue growth guidance to 3.25% to 4.25% from 4.0% to 5.5%, inclusive of a year-over-year headwind from the initial phase of the respiratory divestiture completed on June 28, 2021, which is now expected to be approximately 1.10%.

The Company revised its full year 2022 GAAP diluted earnings per share from continuing operations outlook to $8.04 to $8.44 from $8.90 to $9.50.The Company lowered its 2022 adjusted diluted earnings per share from continuing operations guidance to $13.00 to $13.40 from $13.70 to $14.30, which includes a headwind from the respiratory divestiture now expected to be $0.16, representing a 2.5% decline to a 0.5% increase on a year-over-year basis.

Forecasted 2022 Constant Currency Revenue Growth Reconciliation

	Low	High
Forecasted 2022 GAAP revenue growth	(0.45)%	0.55%
Estimated impact of foreign currency exchange rate fluctuations	(3.70)%	(3.70)%
Forecasted 2022 constant currency revenue growth	3.25%	4.25%

Forecasted 2022 Adjusted Diluted Earnings Per Share From Continuing Operations Reconciliation

	Low	High
Forecasted GAAP diluted earnings per share from continuing operations	$8.04	$8.44
Restructuring, restructuring related and impairment items, net of tax	$0.84	$0.84
Acquisition, integration and divestiture related items, net of tax	$0.04	$0.04
Other	-$0.02	-$0.02
MDR	$0.79	$0.79
Intangible amortization expense, net of tax	$3.31	$3.31
Forecasted adjusted diluted earnings per share from continuing operations	$13.00	$13.40

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CONFERENCE CALL WEBCAST AND ADDITIONAL INFORMATION

A webcast of Teleflex's second quarter 2022 investor conference call can be accessed live from a link on the Company's website at teleflex.com. The call will begin at 8:00 am ET on July 28, 2022.

An audio replay of the investor call will be available beginning at 11:00 am ET on July 28, 2022, either on the Teleflex website or by telephone. The call can be accessed by dialing (866) 813-9403 (U.S.), 1 226 828 7578 (Canada), 0204 525 0658 (UK), 44 204 525 0658 (all other locations).

The confirmation code is 245144.

ADDITIONAL NOTES

References in this release to the impact of foreign currency exchange rate fluctuations on adjusted diluted earnings per share include both the impact of translating foreign currencies into U.S. dollars and the impact of foreign currency exchange rate fluctuations on foreign currency denominated transactions.

In the discussion of segment results, "new products" refers to products for which we initiated commercial sales within the past 36 months and "existing products" refers to products we have sold commercially for more than 36 months.

Certain financial information is presented on a rounded basis, which may cause minor differences. Segment results and commentary exclude the impact of discontinued operations.

NOTES ON NON-GAAP FINANCIAL MEASURES

We report our financial results in accordance with accounting principles generally accepted in the United States, commonly referred to as “GAAP.” In this press release, we provide supplemental information, consisting of the following non-GAAP financial measures: constant currency revenue growth and adjusted diluted earnings per share. These non-GAAP measures are described in more detail below. Management uses these financial measures to assess Teleflex’s financial performance, make operating decisions, allocate financial resources, provide guidance on possible future results, and assist in its evaluation of period-to-period and peer comparisons. The non-GAAP measures may be useful to investors because they provide insight into management’s assessment of our business, and provide supplemental information pertinent to a comparison of period-to-period results of our ongoing operations. The non-GAAP financial measures are presented in addition to results presented in accordance with GAAP and should not be relied upon as a substitute for GAAP financial measures. Moreover, our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies.

Tables reconciling changes in historical constant currency net revenues to historical GAAP net revenues are set forth above under “Net Revenue by Segment" and "Net Revenue by Global Product Category". Tables reconciling historical adjusted diluted earnings per share from continuing operations to historical GAAP diluted earnings per share from continuing operations are set forth below.

Constant currency revenue growth: This non-GAAP measure is based upon net revenues, adjusted to eliminate the impact of translating the results of international subsidiaries at different currency exchange rates from period to period. The impact of changes in foreign currency may vary significantly from period to period, and such changes generally are outside of the

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control of our management. We believe that this measure facilitates a comparison of our operating performance exclusive of currency exchange rate fluctuations that do not reflect our underlying performance or business trends.

Adjusted diluted earnings per share: This non-GAAP measure is based upon diluted earnings per share from continuing operations, the most directly comparable GAAP measure, adjusted to exclude, depending on the period presented, the items described below. Management does not believe that any of the excluded items are indicative of our underlying core performance or business trends.

Restructuring, restructuring related and impairment items -Restructuring programs involve discrete initiatives designed to, among other things, consolidate or relocate manufacturing, administrative and other facilities, outsource distribution operations, improve operating efficiencies and integrate acquired businesses. Depending on the specific restructuring program involved, our restructuring charges may include employee termination, contract termination, facility closure, employee relocation, equipment relocation, outplacement and other exit costs associated with the restructuring program.  Restructuring related charges are directly related to our restructuring programs and consist of facility consolidation costs, including accelerated depreciation expense related to facility closures, costs to transfer manufacturing operations between locations, and retention bonuses offered to certain employees as an incentive for them to remain with our company after completion of the restructuring program. Impairment charges occur if, due to events or changes in circumstances, we determine that the carrying value of an asset exceeds its fair value. Impairment charges do not directly affect our liquidity, but could have a material adverse effect on our reported financial results.

Acquisition, integration and divestiture related items - Acquisition and integration expenses are incremental charges, other than restructuring or restructuring related expenses, that are directly related to specific business or asset acquisition transactions.  These charges may include, among other things, professional, consulting and other fees; systems integration costs; legal entity restructuring expense; inventory step-up amortization (amortization, through cost of goods sold, of the increase in fair value of inventory resulting from a fair value calculation as of the acquisition date); fair value adjustments to contingent consideration liabilities; and bridge loan facility and backstop financing fees in connection with loan facilities that ultimately were not utilized. Divestiture related activities involve specific business or asset sales.  Depending primarily on the terms of a divestiture transaction, the carrying value of the divested business or assets on our financial statements and other costs we incur as a direct result of the divestiture transaction, we may recognize a gain or loss in connection with the divestiture related activities.

European medical device regulation - The European Union (“EU”) has adopted the EU Medical Device Regulation (“MDR”), which replaces the existing Medical Devices Directive (“MDD”) and imposes more stringent requirements for the marketing and sale of medical devices in the EU, including requirements affecting clinical evaluations, quality systems and post-market surveillance.  The MDR requirements became effective in May 2021, although certain devices that previously satisfied MDD requirements can continue to be marketed in the EU until May 2024, subject to certain limitations. Significantly, the MDR will require the re-registration of previously approved medical devices.  As a result, Teleflex will incur expenditures in connection with the new registration of medical devices that previously had been registered under the MDD. Therefore, these expenditures are not considered to be ordinary course expenditures in connection with regulatory matters (in contrast, no adjustment has been made to exclude expenditures related to the registration of medical devices that were not registered previously under the MDD).

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Intangible amortization expense -Certain intangible assets, including customer relationships, intellectual property, distribution rights, trade names and non-competition agreements, initially are recorded at historical cost and then amortized over their respective estimated useful lives. The amount of such amortization can vary from period to period as a result of, among other things, business or asset acquisitions or dispositions.

Tax adjustments -These adjustments represent the impact of the expiration of applicable statutes of limitations for prior year returns, the resolution of audits, the filing of amended returns with respect to prior tax years and/or tax law or certain other discrete changes affecting our deferred tax liability.

Reconciliation of Consolidated Statement of Income Items (Dollars in millions, except per share data)

Three Months Ended June 26, 2022
	Gross margin	Selling, general and administrative expenses (1)	Research and development expenses (1)	Operating margin (2)	Income before income taxes	Income tax expense	Effective income tax rate	Diluted earnings per share from continuing operations
GAAP Basis	55.2%	30.8%	5.2%	19.2%	$124.0	$18.4	14.9%	$2.23
Adjustments
Restructuring, restructuring related and impairment items (A)	1.3	—	—	1.3	9.0	0.8		0.17
Acquisition, integration and divestiture related items (B)	—	(0.1)	—	0.1	0.5	0.1		0.01
Other items	—	—	—	—	—	—		0.00
MDR	—	—	(1.2)	1.2	8.5	—		0.18
Intangible amortization expense	3.1	(2.6)	—	5.7	40.5	1.5		0.82
Tax adjustments	—	—	—	—	—	1.1		(0.02)
Adjustments total	4.4	(2.7)	(1.2)	8.3	58.5	3.5		1.16
Adjusted basis	59.6%	28.1%	4.0%	27.5%	$182.5	$21.9	12.0%	$3.39

Notes: (1) Selling, general and administrative expenses and research and development expenses are shown as a percentage of net revenues.

(2) Operating margin defined as Income from continuing operations before interest, loss on extinguishment of debt and taxes as a percentage of net revenues.

Totals may not sum due to rounding.

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Three Months Ended June 27, 2021
	Gross margin	Selling, general and administrative expenses (1)	Research and development expenses (1)	Operating margin (2)	Income before income taxes	Income tax expense	Effective income tax rate	Diluted earnings per share from continuing operations
GAAP Basis	55.7%	31.4%	4.7%	18.0%	$99.7	$16.4	16.5%	$1.76
Adjustments
Restructuring, restructuring related and impairment items (A)	1.0	(0.1)	—	2.7	19.5	1.4		0.38
Acquisition, integration and divestiture related items (B)	—	(0.9)	—	0.9	6.1	0.3		0.12
Other items (C)	—	—	—	0.1	13.0	3.0		0.21
MDR	—	—	(0.8)	0.7	5.2	—		0.11
Intangible amortization expense	3.1	(2.7)	—	5.9	41.9	7.0		0.74
Tax adjustments	—	—	—	—	—	(1.4)		0.03
Adjustments total	4.1	(3.7)	(0.8)	10.3	85.8	10.2		1.59
Adjusted basis	59.9%	27.7%	3.9%	28.2%	$185.5	$26.5	14.4%	$3.35

Notes: (1) Selling, general and administrative expenses and research and development expenses are shown as a percentage of net revenues.

(2) Operating margin defined as Income from continuing operations before interest, loss on extinguishment of debt and taxes as a percentage of net revenues.

Totals may not sum due to rounding.

Six Months Ended June 26, 2022
	Gross margin	Selling, general and administrative expenses (1)	Research and development expenses (1)	Operating margin (2)	Income before income taxes	Income tax expense	Effective income tax rate	Diluted earnings per share from continuing operations
GAAP Basis	54.6%	31.3%	5.4%	17.7%	$217.3	$34.4	15.8%	$3.86
Adjustments
Restructuring, restructuring related and impairment items (A)	1.1	—	—	1.3	17.8	1.9		0.34
Acquisition, integration and divestiture related items (B)	—	—	—	—	0.6	—		0.01
Other items	—	—	—	—	—	—		0.00
MDR	—	—	(1.5)	1.6	20.6	—		0.43
Intangible amortization expense	3.3	(2.9)	—	6.1	81.2	3.0		1.65
Tax adjustments	—	—	—	—	—	1.1		(0.02)
Adjustments total	4.4	(2.9)	(1.5)	9.0	120.2	6.0		2.41
Adjusted basis	59.0%	28.4%	3.9%	26.7%	$337.5	$40.4	12.0%	$6.27

Notes: (1) Selling, general and administrative expenses and research and development expenses are shown as a percentage of net revenues.

(2) Operating margin defined as Income from continuing operations before interest, loss on extinguishment of debt and taxes as a percentage of net revenues.

Totals may not sum due to rounding.

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Six Months Ended June 27, 2021
	Gross margin	Selling, general and administrative expenses (1)	Research and development expenses (1)	Operating margin (2)	Income before income taxes	Income tax expense	Effective income tax rate	Diluted earnings per share from continuing operations
GAAP Basis	55.1%	31.7%	4.7%	17.2%	$187.0	$28.8	15.4%	$3.34
Adjustments
Restructuring, restructuring related and impairment items (A)	1.0	—	—	2.5	34.1	3.5		0.64
Acquisition, integration and divestiture related items (B)	0.2	(1.0)	—	1.2	16.3	1.4		0.31
Other items (C)	—	—	—	—	13.0	3.0		0.21
MDR	—	—	(0.7)	0.7	9.4	—		0.20
Intangible amortization expense	3.3	(2.9)	—	6.2	83.9	14.0		1.47
Tax adjustments	—	—	—	—	—	(2.0)		0.04
Adjustments total	4.6	(3.9)	(0.7)	10.7	156.7	19.9		2.88
Adjusted basis	59.7%	27.8%	4.0%	27.9%	$343.6	$48.8	14.2%	$6.23

Notes: (1) Selling, general and administrative expenses and research and development expenses are shown as a percentage of net revenues.

(2) Operating margin defined as Income from continuing operations before interest, loss on extinguishment of debt and taxes as a percentage of net revenues.

Totals may not sum due to rounding.

Tickmarks to Reconciliation Tables

(A)Restructuring, restructuring related and impairment items – For the three months ended June 26, 2022, pre-tax restructuring charges were $(0.1) million and restructuring related charges were $9.1 million. For the three months ended June 27, 2021, pre-tax restructuring charges were $4.8 million; pre-tax restructuring related charges were $8.0 million; and pre-tax impairment charges were $6.7 million. For the six months ended June 26, 2022, pre-tax restructuring charges were $0.8 million, restructuring related charges were $15.5 million, and impairment charges were $1.5 million. For the six months ended June 27, 2021, pre-tax restructuring charges were $12.8 million; pre-tax restructuring related charges were $14.6 million; and pre-tax impairment charges were $6.7 million.

(B)Acquisition, integration and divestiture related items – For the three months ended June 26, 2022, these charges related to the divestiture of respiratory assets. For the three months ended June 27, 2021, these charges primarily related to contingent consideration liabilities, charges primarily related to our divestiture of certain respiratory assets, and a reversal of previously recognized income related to a distributor conversion in Japan. For the six months ended June 26, 2022, these charges related to the divestiture of respiratory assets. For the six months ended June 27, 2021, these charges primarily related to contingent consideration liabilities, inventory step up for the Z-Medica LLC acquisition, and charges primarily related to our divestiture of certain respiratory assets.

(C) Other – For the three and six months ended June 27, 2021 other costs were associated with debt extinguishment.

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ABOUT TELEFLEX INCORPORATED

Teleflex is a global provider of medical technologies designed to improve the health and quality of people’s lives. We apply purpose driven innovation - a relentless pursuit of identifying unmet clinical needs - to benefit patients and healthcare providers. Our portfolio is diverse, with solutions in the fields of vascular access, interventional cardiology and radiology, anesthesia, emergency medicine, surgical, urology and respiratory care. Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. For more information, please visit teleflex.com.

Teleflex is the home of Arrow®, Deknatel®, LMA®, Pilling®, QuikClot®, Rusch®, UroLift®, and Weck® - trusted brands united by a common sense of purpose.

CAUTION CONCERNING FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements, including, but not limited to, statements regarding forecasted 2022 GAAP and constant currency revenue growth and GAAP and adjusted diluted earnings per share; our estimates regarding the projected impact of foreign currency exchange rate fluctuations on our 2022 financial results; and our estimates with regard to the projected impacts of the divestiture of a significant portion of our respiratory business on our financial results.Actual results could differ materially from those in the forward-looking statements due to, among other things, the adverse economic conditions associated with the COVID-19 global health pandemic and the associated financial crisis, stay-at-home and other orders, which may significantly reduce customer spending and which may have a negative impact on the Company’s business, changes in business relationships with and purchases by or from major customers or suppliers; delays or cancellations in shipments; demand for and market acceptance of new and existing products; our inability to provide products to our customers, which may be due to, among other things, events that impact key distributors, suppliers and third-party vendors that sterilize our products; our inability to integrate acquired businesses into our operations, realize planned synergies and operate such businesses profitably in accordance with our expectations; the inability of acquired businesses to generate revenues in accordance with our expectations; our inability to effectively execute our restructuring plans and programs; our inability to realize anticipated savings from restructuring plans and programs; the impact of healthcare reform legislation and proposals to amend, replace or repeal the legislation; changes in Medicare, Medicaid and third party coverage and reimbursements; the impact of enacted tax legislation and related regulations; competitive market conditions and resulting effects on revenues and pricing; increases in raw material costs that cannot be recovered in product pricing; global economic factors, including currency exchange rates, interest rates, trade disputes, sovereign debt issues and international conflicts and hostilities, such as the ongoing geopolitical conflicts between Russia and Ukraine; public health epidemics; difficulties in entering new markets; general economic conditions; and other factors described or incorporated in our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K.We expressly disclaim any obligation to update forward-looking statements, except as otherwise specifically stated by us or as required by law or regulation.

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TELEFLEX INCORPORATED

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended				Six Months Ended
	June 26, 2022		June 27, 2021		June 26, 2022		June 27, 2021
	(Dollars and shares in thousands, except per share)
Net revenues	$	704,542	$	713,473	$	1,346,257	$	1,347,398
Cost of goods sold	315,709		315,917		611,191		605,315
Gross profit	388,833		397,556		735,066		742,083
Selling, general and administrative expenses	216,825		224,159		420,757		427,307
Research and development expenses	36,934		33,283		73,294		63,230
Restructuring and impairment (credits) charges	(83)		11,494		2,322		19,492
Income from continuing operations before interest and taxes	135,157		128,620		238,693		232,054
Interest expense	11,419		16,171		21,837		32,969
Interest income	(229)		(232)		(451)		(891)
Loss on extinguishment of debt	—		12,986		—		12,986
Income from continuing operations before taxes	123,967		99,695		217,307		186,990
Taxes on income from continuing operations	18,412		16,412		34,385		28,840
Income from continuing operations	105,555		83,283		182,922		158,150
Operating loss from discontinued operations	(54)		(46)		(348)		(47)
Tax benefit on operating loss from discontinued operations	(13)		(11)		(81)		(11)
Loss from discontinued operations	(41)		(35)		(267)		(36)
Net income	$	105,514	$	83,248	$	182,655	$	158,114
Earnings per share:
Basic:
Income from continuing operations	$	2.25	$	1.78	$	3.90	$	3.39
Loss from discontinued operations	—		—		—		(0.01)
Net income	$	2.25	$	1.78	$	3.90	$	3.38
Diluted:
Income from continuing operations	$	2.23	$	1.76	$	3.86	$	3.34
Loss from discontinued operations	—		—		—		(0.01)
Net income	$	2.23	$	1.76	$	3.86	$	3.33
Weighted average common shares outstanding
Basic	46,901		46,741		46,889		46,719
Diluted	47,347		47,433		47,374		47,420

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TELEFLEX INCORPORATED

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	June 26, 2022		December 31, 2021
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	308,121	$	445,084
Accounts receivable, net	415,297		383,569
Inventories	510,531		477,643
Prepaid expenses and other current assets	112,595		117,277
Prepaid taxes	38,801		5,545
Total current assets	1,385,345		1,429,118
Property, plant and equipment, net	429,372		443,758
Operating lease assets	118,620		129,653
Goodwill	2,461,083		2,504,202
Intangible assets, net	2,226,875		2,289,067
Deferred tax assets	6,243		6,820
Other assets	104,308		69,104
Total assets	$	6,731,846	$	6,871,722
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	110,000	$	110,000
Accounts payable	121,418		118,236
Accrued expenses	151,715		163,441
Payroll and benefit-related liabilities	114,384		143,657
Accrued interest	4,751		5,209
Income taxes payable	52,174		83,943
Other current liabilities	56,004		55,633
Total current liabilities	610,446		680,119
Long-term borrowings	1,605,954		1,740,102
Deferred tax liabilities	379,931		370,124
Pension and postretirement benefit liabilities	42,097		45,185
Noncurrent liability for uncertain tax positions	8,543		8,646
Noncurrent operating lease liabilities	104,702		116,033
Other liabilities	127,443		156,765
Total liabilities	2,879,116		3,116,974
Commitments and contingencies
Total shareholders' equity	3,852,730		3,754,748
Total liabilities and shareholders' equity	$	6,731,846	$	6,871,722

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TELEFLEX INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six Months Ended
	June 26, 2022		June 27, 2021
	(Dollars in thousands)
Cash flows from operating activities of continuing operations:
Net income	$	182,655	$	158,114
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations	267		36
Depreciation expense	33,499		35,982
Intangible asset amortization expense	81,137		83,867
Deferred financing costs and debt discount amortization expense	2,103		2,388
Loss on extinguishment of debt	—		12,986
Fair value step up of acquired inventory sold	—		3,993
Changes in contingent consideration	145		11,428
Asset impairment charges	1,497		6,739
Stock-based compensation	12,801		11,693
Deferred income taxes, net	937		1,050
Payments for contingent consideration	(2,722)		—
Interest benefit on swaps designated as net investment hedges	(10,145)		(9,126)
Other	(1,779)		(16,679)
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable	(43,939)		(23,159)
Inventories	(48,682)		(13,648)
Prepaid expenses and other assets	15,464		(16,551)
Accounts payable, accrued expenses and other liabilities	(38,722)		32,625
Income taxes receivable and payable, net	(82,657)		(16,663)
Net cash provided by operating activities from continuing operations	101,859		265,075
Cash flows from investing activities of continuing operations:
Expenditures for property, plant and equipment	(32,445)		(36,659)
Proceeds from sale of business and assets	530		404
Payments for businesses and intangibles acquired, net of cash acquired	(22,971)		(3,539)
Deposits	—		(1,250)
Net interest proceeds on swaps designated as net investment hedges	10,314		9,288
Net cash used in investing activities from continuing operations	(44,572)		(31,756)
Cash flows from financing activities of continuing operations:
Proceeds from new borrowings	—		400,000
Reduction in borrowings	(135,500)		(575,000)
Debt extinguishment, issuance and amendment fees	—		(9,774)
Net (payments) proceeds from share based compensation plans and related tax impacts	(4,366)		6,339
Payments for contingent consideration	(3,012)		(30,489)
Dividends paid	(31,892)		(31,793)
Net cash used in financing activities from continuing operations	(174,770)		(240,717)
Cash flows from discontinued operations:
Net cash used in operating activities	(280)		(371)
Net cash used in discontinued operations	(280)		(371)
Effect of exchange rate changes on cash and cash equivalents	(19,200)		(6,330)
Net decrease in cash and cash equivalents	(136,963)		(14,099)
Cash and cash equivalents at the beginning of the period	445,084		375,880
Cash and cash equivalents at the end of the period	$	308,121	$	361,781

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Contacts:

Teleflex Incorporated:

Lawrence Keusch

Vice President, Investor Relations and Strategy Development

John Hsu, CFA

Vice President, Investor Relations

investors.teleflex.com

610-948-2836

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