TEXAS INSTRUMENTS INC

10-K & 10-Q Filings

Texas Instruments Incorporated is a global semiconductor design and manufacturing company based in Dallas, Texas. The company was founded in 1930 and operates in more than 30 countries. Its business strategy focuses on a strong foundation of manufacturing and technology, a broad portfolio of analog and embedded processing products, the reach of its market channels, and diversity and longevity of its products, markets, and customer positions. The company's two reportable segments are Analog and Embedded Processing. Its Analog segment generates revenue from analog semiconductors that change real-world signals and manage power in electronic systems. Its Embedded Processing segment generates revenue from embedded processing products that serve as the digital "brains" of various electronic equipment. The company's website is www.ti.com, and its ticker symbol is TXN.

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 Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$13735.00
12825.00
12205.00
13045.00
13000.00
13370.00
14961.00
15784.00
14383.00
14461.00
18344.00
20028.00
17519.00
4379.00
3661.00
2.05%-16.40%Cost of Revenue (-)
$6963.00
6457.00
5841.00
5618.00
5440.00
5130.00
5347.00
5507.00
5219.00
5192.00
5968.00
6257.00
6500.00
1516.00
1566.00
-0.57%3.30%Gross Profit (+)
$6772.00
6368.00
6364.00
7427.00
7560.00
8240.00
9614.00
10277.00
9164.00
9269.00
12376.00
13771.00
11019.00
2863.00
2095.00
4.14%-26.83%Selling, General & Administrative (-)
$1638.00
1804.00
1858.00
1843.00
1748.00
1767.00
1694.00
1684.00
1645.00
1623.00
1666.00
1704.00
1825.00
474.00
455.00
0.90%-4.01%Research & Development (-)
$1715.00
1877.00
1522.00
1358.00
1280.00
1370.00
1508.00
1559.00
1544.00
1530.00
1554.00
1670.00
1863.00
455.00
478.00
0.69%5.05%Depreciation & Amortization (-)
$
142.00
Non-recurring Operating Expenses (-)
$112.00
450.00
341.00
330.00
329.00
319.00
318.00
318.00
288.00
198.00
54.00
Operating Expenses (-)
$3780.00
4395.00
3532.00
3480.00
3286.00
3456.00
3520.00
3561.00
3441.00
3351.00
3416.00
3631.00
3688.00
929.00
809.00
-0.21%-12.92%Costs & Expenses (Total) (-)
$10743.00
10852.00
9373.00
9149.00
8797.00
8586.00
8867.00
9068.00
8696.00
8543.00
9384.00
9888.00
10188.00
2445.00
2375.00
-0.44%-2.86%Operating Income/Loss (+)
$2992.00
1973.00
2832.00
3947.00
4274.00
4799.00
6083.00
6713.00
5723.00
5894.00
8960.00
10140.00
7331.00
1934.00
1286.00
7.75%-33.51%Non-operating Income/Expense (+)
$5.00
47.00
17.00
21.00
32.00
211.00
75.00
98.00
175.00
313.00
143.00
106.00
440.00
80.00
123.00
45.22%53.75%Earnings before Tax (+)
$2955.00
1935.00
2754.00
3874.00
4216.00
4930.00
6080.00
6686.00
5728.00
6017.00
8919.00
10032.00
7418.00
1946.00
1293.00
7.97%-33.56%Tax Expense (-)
$719.00
176.00
592.00
1053.00
1230.00
1335.00
2398.00
1106.00
711.00
422.00
1150.00
1283.00
908.00
238.00
188.00
1.96%-21.01%Income/Loss (Continuing Operations) (+)
$2236.00
1759.00
2162.00
2821.00
2986.00
3595.00
3682.00
5580.00
5017.00
5595.00
7769.00
8749.00
6510.00
1708.00
1105.00
9.31%-35.30%Net Income/Loss (+)
$2236.00
1759.00
2162.00
2821.00
2986.00
3595.00
3682.00
5580.00
5017.00
5595.00
7769.00
8749.00
6510.00
1708.00
1105.00
9.31%-35.30%Net Income/Loss (Common) (+)
$2236.00
1759.00
2162.00
2778.00
2944.00
3551.00
3649.00
5538.00
4986.00
5568.00
7736.00
8710.00
6477.00
1699.00
1100.00
9.27%-35.26%EPS (Basic)
$1.91
1.53
1.94
2.61
2.86
3.54
3.68
5.71
5.33
6.05
8.38
9.51
7.13
1.87
1.21
11.60%-35.29%EPS (Diluted)
$1.88
1.51
1.91
2.57
2.82
3.48
3.61
5.59
5.24
5.97
8.26
9.41
7.07
1.85
1.20
11.67%-35.14%Weighted Avg Shares (Basic)
1151.00
1132.00
1098.00
1065.00
1030.00
1003.00
991.00
970.00
936.00
921.00
923.00
916.00
908.00
907.00
910.00
-1.96%0.33%Weighted Avg Shares (Diluted)
1171.00
1146.00
1113.00
1080.00
1043.00
1021.00
1012.00
990.00
952.00
933.00
936.00
926.00
916.00
916.00
917.00
-2.03%0.11%Cash
$992.00
1416.00
1627.00
1199.00
1000.00
1154.00
1656.00
2438.00
2437.00
3107.00
4631.00
3050.00
2964.00
4477.00
2483.00
9.55%-44.54%Short-term Investments
$1943.00
2549.00
2202.00
2342.00
2218.00
2336.00
2813.00
1795.00
2950.00
3461.00
5108.00
6017.00
5611.00
5068.00
7910.00
9.24%56.08%Receivables
$1545.00
1230.00
1203.00
1246.00
1165.00
1267.00
1278.00
1207.00
1074.00
1414.00
1701.00
1895.00
1787.00
1877.00
1671.00
1.22%-10.97%Inventory
$1788.00
1757.00
1731.00
1784.00
1691.00
1790.00
1957.00
2217.00
2001.00
1955.00
1910.00
2757.00
3999.00
3288.00
4083.00
6.94%24.18%Prepaid Expenses (Current)
$386.00
234.00
863.00
850.00
1000.00
910.00
1030.00
440.00
299.00
302.00
335.00
302.00
761.00
313.00
1301.00
5.82%315.65%Other Assets (Current)
$1174.00
1044.00
393.00
347.00
Assets (Current)
$7828.00
8230.00
8019.00
7768.00
7074.00
7457.00
8734.00
8097.00
8761.00
10239.00
13685.00
14021.00
15122.00
15023.00
17448.00
5.64%16.14%Securities & Long-term Investments
$265.00
215.00
216.00
224.00
221.00
235.00
268.00
251.00
300.00
49.00
Property, Plant & Equipment (Net)
$4428.00
3912.00
3399.00
2840.00
2596.00
2512.00
2664.00
3183.00
3303.00
3269.00
5141.00
6876.00
9999.00
7665.00
10442.00
7.02%36.23%Accumulated Depreciation
$2705.00
2979.00
3157.00
3426.00
2869.00
2411.00
2125.00
2242.00
2437.00
2512.00
2717.00
3074.00
3269.00
3126.00
3297.00
1.59%5.47%Goodwill & Intangibles
$7352.00
6920.00
6585.00
6264.00
5945.00
5626.00
5308.00
4990.00
4702.00
4514.00
4362.00
4362.00
4362.00
4362.00
4362.00
-4.26%0.00%Other Assets
$624.00
744.00
719.00
626.00
394.00
601.00
668.00
616.00
952.00
1280.00
1488.00
1948.00
2865.00
2170.00
2633.00
13.54%21.34%Assets (Non-current)
$12669.00
11791.00
10919.00
9954.00
9156.00
8974.00
8908.00
9040.00
9257.00
9112.00
10991.00
13186.00
17226.00
14197.00
17437.00
2.59%22.82%Assets (Total)
$20497.00
20021.00
18938.00
17722.00
16230.00
16431.00
17642.00
17137.00
18018.00
19351.00
24676.00
27207.00
32348.00
29220.00
34885.00
3.88%19.39%Accounts Payable
$2118.00
1928.00
1746.00
1159.00
1145.00
1189.00
1316.00
1305.00
1148.00
1316.00
775.00
1839.00
1810.00
1718.00
1328.00
-1.30%-22.70%Debt (Current)
$1381.00
1500.00
1000.00
1001.00
1000.00
631.00
500.00
749.00
500.00
550.00
500.00
500.00
599.00
500.00
1349.00
-6.72%169.80%Other Liabilities (Current)
$
2.00
1.00
502.00
410.00
444.00
442.00
420.00
475.00
524.00
1294.00
646.00
911.00
686.00
876.00
27.70%Liabilities (Current)
$3499.00
3430.00
2747.00
2662.00
2555.00
2264.00
2258.00
2474.00
2123.00
2390.00
2569.00
2985.00
3320.00
2904.00
3553.00
-0.44%22.35%Debt (Non-current)
$4211.00
4186.00
4158.00
3641.00
3120.00
2978.00
3577.00
4319.00
5303.00
6248.00
7241.00
8235.00
10624.00
9626.00
12840.00
8.02%33.39%Other Liabilities
$1835.00
1444.00
1226.00
1029.00
609.00
716.00
1470.00
1350.00
1685.00
1526.00
1533.00
1410.00
1507.00
1447.00
1509.00
-1.63%4.28%Liabilities (Non-current)
$6046.00
5630.00
5384.00
4670.00
3729.00
3694.00
5047.00
5669.00
6988.00
7774.00
8774.00
9645.00
12131.00
11073.00
14349.00
5.97%29.59%Liabilities (Total)
$9545.00
9060.00
8131.00
7332.00
6284.00
5958.00
7305.00
8143.00
9111.00
10164.00
11343.00
12630.00
15451.00
13977.00
17902.00
4.10%28.08%Treasury Stock
$17485.00
18462.00
19790.00
21840.00
24068.00
25523.00
27458.00
32130.00
34495.00
36578.00
36800.00
40214.00
40284.00
40192.00
40193.00
7.20%0.00%Retained Earnings
$26278.00
27205.00
28173.00
29653.00
31176.00
33107.00
34662.00
37906.00
39898.00
42051.00
45919.00
50353.00
52283.00
50930.00
52199.00
5.90%2.49%AOCI
$-776.00
-699.00
-528.00
-532.00
-532.00
-526.00
-384.00
-473.00
-347.00
-360.00
-157.00
-254.00
-205.00
-252.00
-203.00
19.44%Shareholder's Equity
$10952.00
10961.00
10807.00
10390.00
9946.00
10473.00
10337.00
8994.00
8907.00
9187.00
13333.00
14577.00
16897.00
15243.00
16983.00
3.68%11.42%Liabilities & Equity
$20497.00
20021.00
18938.00
17722.00
16230.00
16431.00
17642.00
17137.00
18018.00
19351.00
24676.00
27207.00
32348.00
29220.00
34885.00
3.88%19.39%Net Income/Loss
$2236.00
1759.00
2162.00
2821.00
2986.00
3595.00
3682.00
5580.00
5017.00
5595.00
7769.00
8749.00
6510.00
1708.00
1105.00
9.31%-35.30%Depreciation & Amortization
$1015.00
1299.00
1215.00
1171.00
1085.00
924.00
857.00
908.00
996.00
931.00
897.00
925.00
1175.00
265.00
346.00
1.23%30.57%Increase/Decrease in Working Capital
$140.00
-172.00
406.00
302.00
-3.00
-54.00
-423.00
-531.00
-307.00
531.00
155.00
1103.00
1391.00
925.00
356.00
21.09%-61.51%Share-based Compensation
$269.00
263.00
287.00
277.00
286.00
252.00
242.00
232.00
217.00
224.00
230.00
289.00
362.00
104.00
106.00
2.51%1.92%Adjustments to Reconcile Net Income
$1020.00
1655.00
1222.00
1071.00
1282.00
1019.00
1681.00
1609.00
1632.00
544.00
987.00
-29.00
-90.00
-548.00
-88.00
83.94%Net Cash (Operating)
$3256.00
3414.00
3384.00
3892.00
4268.00
4614.00
5363.00
7189.00
6649.00
6139.00
8756.00
8720.00
6420.00
1160.00
1017.00
5.82%-12.33%Capital Expenditure
$5425.00
495.00
412.00
243.00
441.00
531.00
655.00
1122.00
817.00
645.00
2387.00
2794.00
5068.00
981.00
1056.00
-0.57%7.65%Net Cash (Investing)
$-6172.00
-1039.00
-3.00
-377.00
-302.00
-650.00
-1127.00
-78.00
-1920.00
-922.00
-4095.00
-3583.00
-4362.00
28.00
-3329.00
-11989.29%Increase/Decrease in Debt
$-200.00
-502.00
-502.00
-501.00
474.00
1000.00
741.00
998.00
945.00
994.00
2500.00
1397.00
2980.00
113.31%Increase/Decrease in Equity
$-1295.00
-1277.00
-1554.00
-2215.00
-2299.00
-1660.00
-2073.00
-4727.00
-2421.00
-2083.00
-150.00
-3374.00
-30.00
-18.00
62.00
444.44%Dividends Paid
$644.00
819.00
1175.00
1323.00
1444.00
1646.00
2104.00
2555.00
3008.00
3426.00
3886.00
4297.00
4557.00
1125.00
1183.00
17.71%5.16%Net Cash (Financing)
$2589.00
-1951.00
-3170.00
-3943.00
-4165.00
-3810.00
-3734.00
-6329.00
-4730.00
-4547.00
-3137.00
-6718.00
-2144.00
239.00
1831.00
666.11%Increase/Decrease in Cash
$-327.00
424.00
211.00
-428.00
-199.00
154.00
502.00
782.00
-1.00
670.00
1524.00
-1581.00
-86.00
1427.00
-481.00
-133.71%Cash (Beginning)
$1319.00
992.00
1416.00
1627.00
1199.00
1000.00
1154.00
1656.00
2438.00
2437.00
3107.00
4631.00
3050.00
3050.00
2964.00
7.24%-2.82%Cash (Ending)
$992.00
1416.00
1627.00
1199.00
1000.00
1154.00
1656.00
2438.00
2437.00
3107.00
4631.00
3050.00
2964.00
4477.00
2483.00
9.55%-44.54%NOPAT
$2264.00
1793.54
2223.23
2874.16
3027.08
3499.47
3683.82
5602.53
5012.62
5480.63
7804.71
8843.19
6433.65
1697.47
1099.02
9.09%-35.26%Gross Margin %
49.30%
49.65%
52.14%
56.93%
58.15%
61.63%
64.26%
65.11%
63.71%
64.10%
67.47%
68.76%
62.90%
65.38%
57.22%
Operating Margin %
21.78%
15.38%
23.20%
30.26%
32.88%
35.89%
40.66%
42.53%
39.79%
40.76%
48.84%
50.63%
41.85%
44.17%
35.13%
NOPAT Margin %
16.48%
13.98%
18.22%
22.03%
23.29%
26.17%
24.62%
35.50%
34.85%
37.90%
42.55%
44.15%
36.72%
38.76%
30.02%
Net Margin %
16.28%
13.72%
17.71%
21.63%
22.97%
26.89%
24.61%
35.35%
34.88%
38.69%
42.35%
43.68%
37.16%
39.00%
30.18%
Tax Rate %
24.33%
9.10%
21.50%
27.18%
29.17%
27.08%
39.44%
16.54%
12.41%
7.01%
12.89%
12.79%
12.24%
12.23%
14.54%
ROA
11.05%
8.96%
11.74%
16.22%
18.65%
21.30%
20.88%
32.69%
27.82%
28.32%
31.63%
32.50%
19.89%
5.81%
3.15%
ROE
20.67%
16.36%
20.57%
27.66%
30.44%
33.41%
35.64%
62.29%
56.28%
59.66%
58.54%
60.67%
38.08%
11.14%
6.47%
ROIC
15.75%
13.38%
16.77%
22.50%
25.13%
29.54%
30.20%
46.30%
43.85%
48.41%
56.31%
55.16%
31.55%
10.69%
5.37%
Asset Turnover
0.67
0.64
0.64
0.74
0.80
0.81
0.85
0.92
0.80
0.75
0.74
0.74
0.54
0.15
0.10
Inventory Turnover
3.89
3.68
3.37
3.15
3.22
2.87
2.73
2.48
2.61
2.66
3.12
2.27
1.63
0.46
0.38
Equity Multiplier
1.87
1.83
1.75
1.71
1.63
1.57
1.71
1.91
2.02
2.11
1.85
1.87
1.91
1.92
2.05
Current Ratio
2.24
2.40
2.92
2.92
2.77
3.29
3.87
3.27
4.13
4.28
5.33
4.70
4.55
5.17
4.91
Quick Ratio
1.28
1.51
1.83
1.80
1.72
2.10
2.55
2.20
3.04
3.34
4.45
3.67
3.12
3.93
3.40
Debt/Equity Ratio
0.51
0.52
0.48
0.45
0.41
0.34
0.39
0.56
0.65
0.74
0.58
0.60
0.66
0.66
0.84
Working Capital/Sales
0.19
0.20
0.27
0.28
0.27
0.28
0.28
0.25
0.24
0.24
0.24
0.24
0.34
0.88
1.54
R&D/Sales
0.12
0.15
0.12
0.10
0.10
0.10
0.10
0.10
0.11
0.11
0.08
0.08
0.11
0.10
0.13
Dividend Payout Ratio %
28.45%
45.66%
52.85%
46.03%
47.70%
47.04%
57.11%
45.60%
60.01%
62.51%
49.79%
48.59%
70.83%
66.28%
107.64%
Total Payout
$2139.00
2096.00
2729.00
4040.00
4245.00
3807.00
3703.00
6282.00
4688.00
4511.00
3091.00
6677.00
2087.00
-254.00
-1859.00
-0.20%-631.89%Payout Ratio %
94.48%
116.86%
122.75%
140.56%
140.23%
108.79%
100.52%
112.13%
93.52%
82.31%
39.60%
75.50%
32.44%
-14.96%
-169.15%