TE Connectivity Ltd.

10-K & 10-Q Filings

TE Connectivity Ltd. is a global industrial technology leader that creates a safer, sustainable, productive, and connected future through its broad range of connectivity and sensor solutions. The company was founded in 1941 and became an independent, publicly traded company in 2007. TE Connectivity operates through three reportable segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The company's net sales by segment were 60% for Transportation Solutions, 28% for Industrial Solutions, and 12% for Communications Solutions in fiscal 2023. TE Connectivity sells its products to customers in various industries, including automotive, industrial equipment, aerospace, defense, marine, medical, and energy. The company sells its products primarily through direct selling efforts to manufacturers and indirectly via third-party distributors. TE Connectivity's website is www.te.com, and its ticker symbol is TEL on the New York Stock Exchange.

12 mos ending Sep 28, 201212 mos ending Sep 27, 201312 mos ending Sep 26, 201412 mos ending Sep 25, 201512 mos ending Sep 30, 201612 mos ending Sep 29, 201712 mos ending Sep 28, 201812 mos ending Sep 27, 201912 mos ending Sep 25, 202012 mos ending Sep 24, 202112 mos ending Sep 30, 202212 mos ending Sep 29, 20236 mos ending Mar 31, 20236 mos ending Mar 29, 2024CAGR %YoY %Revenue (+)
$13282.00
13280.00
13912.00
12233.00
12238.00
13113.00
13988.00
13448.00
12172.00
14923.00
16281.00
16034.00
8001.00
7798.00
1.73%-2.54%Cost of Revenue (-)
$9236.00
8951.00
9220.00
8146.00
8205.00
8663.00
9243.00
9054.00
8437.00
10036.00
11037.00
10979.00
5530.00
5111.00
1.58%-7.58%Gross Profit (+)
$4046.00
4329.00
4692.00
4087.00
4033.00
4450.00
4745.00
4394.00
3735.00
4887.00
5244.00
5055.00
2471.00
2687.00
2.04%8.74%Selling, General & Administrative (-)
$1685.00
1773.00
1882.00
1504.00
1463.00
1591.00
1594.00
1490.00
1392.00
1512.00
1584.00
1670.00
827.00
868.00
-0.08%4.96%Non-recurring Operating Expenses (-)
$
900.00
Operating Expenses (-)
$2528.00
2773.00
2647.00
2338.00
2131.00
2403.00
2414.00
2416.00
3198.00
2453.00
2488.00
2751.00
1432.00
1297.00
0.77%-9.43%Costs & Expenses (Total) (-)
$11764.00
11724.00
11867.00
10484.00
10336.00
11066.00
11657.00
11470.00
11635.00
12489.00
13525.00
13730.00
6962.00
6408.00
1.41%-7.96%Operating Income/Loss (+)
$1518.00
1556.00
2045.00
1749.00
1902.00
2047.00
2331.00
1978.00
537.00
2434.00
2756.00
2304.00
1039.00
1390.00
3.87%33.78%Non-operating Income/Expense (+)
$73.00
-183.00
63.00
-55.00
-632.00
-9.00
1.00
2.00
20.00
-17.00
28.00
-16.00
-9.00
-8.00
11.11%Interest Expense (-)
$176.00
-142.00
131.00
136.00
127.00
130.00
107.00
68.00
48.00
56.00
66.00
80.00
41.00
37.00
-6.92%-9.76%Earnings before Tax (+)
$1415.00
1248.00
1996.00
1575.00
1162.00
1928.00
2240.00
1931.00
524.00
2378.00
2733.00
2268.00
1010.00
1386.00
4.38%37.23%Tax Expense (-)
$-249.00
29.00
207.00
337.00
-779.00
255.00
-344.00
-15.00
783.00
123.00
306.00
364.00
187.00
-959.00
-612.83%Income/Loss (Continuing Operations) (+)
$1166.00
1277.00
1789.00
1238.00
1941.00
1673.00
2584.00
1946.00
-259.00
2255.00
2427.00
1904.00
823.00
2345.00
4.56%184.93%Income/Loss (Discontinued Operations) (+)
$-51.00
-8.00
1182.00
68.00
10.00
-19.00
-102.00
18.00
6.00
1.00
6.00
7.00
-1.00
-114.29%Profit/Loss (+)
$1115.00
1277.00
1781.00
2420.00
-241.00
2261.00
2428.00
1910.00
830.00
2344.00
5.01%182.41%Net Income/Loss (NCI) (-)
$-3.00
-1.00
Net Income/Loss (+)
$1112.00
1276.00
1781.00
2420.00
2009.00
1683.00
2565.00
1844.00
-241.00
2261.00
2428.00
1910.00
830.00
2344.00
5.04%182.41%Net Income/Loss (Common) (+)
$1112.00
1276.00
1781.00
2420.00
2009.00
1683.00
2565.00
1844.00
-241.00
2261.00
2428.00
1910.00
830.00
2344.00
5.04%182.41%EPS (Basic)
$2.61
3.05
4.34
5.98
5.49
4.74
7.33
5.46
-0.73
6.85
7.52
6.06
2.62
7.59
7.96%189.69%EPS (Diluted)
$2.59
3.02
4.27
5.89
5.44
4.70
7.27
5.42
-0.73
6.79
7.47
6.03
2.60
7.54
7.99%190.00%Weighted Avg Shares (Basic)
426.00
418.00
410.00
405.00
366.00
355.00
350.00
338.00
332.00
330.00
323.00
315.00
317.00
309.00
-2.71%-2.52%Weighted Avg Shares (Diluted)
430.00
423.00
417.00
411.00
369.00
358.00
353.00
340.00
332.00
333.00
325.00
317.00
319.00
311.00
-2.73%-2.51%Cash
$1589.00
1403.00
2457.00
3329.00
647.00
1218.00
848.00
927.00
945.00
1203.00
1088.00
1661.00
905.00
1176.00
0.40%29.94%Receivables
$2343.00
2323.00
2439.00
2120.00
2046.00
2290.00
2361.00
2320.00
2377.00
2928.00
2865.00
2967.00
3048.00
2874.00
2.17%-5.71%Inventory
$1808.00
1762.00
1745.00
1615.00
1596.00
1813.00
1857.00
1836.00
1950.00
2511.00
2676.00
2552.00
2811.00
2744.00
3.18%-2.38%Prepaid Expenses (Current)
$474.00
487.00
567.00
478.00
486.00
605.00
661.00
471.00
512.00
621.00
639.00
712.00
675.00
710.00
3.77%5.19%Other Assets (Current)
$289.00
334.00
336.00
345.00
472.00
Assets (Current)
$6503.00
6309.00
7544.00
7887.00
4775.00
5926.00
6199.00
5554.00
5784.00
7263.00
7268.00
7892.00
7439.00
7504.00
1.78%0.87%Property, Plant & Equipment (Net)
$3213.00
3166.00
3126.00
2920.00
3052.00
3400.00
3497.00
3574.00
3650.00
3778.00
3567.00
3754.00
3818.00
3799.00
1.42%-0.50%Goodwill & Intangibles
$5660.00
5570.00
5924.00
6379.00
7371.00
7492.00
7388.00
7336.00
6817.00
7139.00
6546.00
6638.00
6813.00
6898.00
1.46%1.25%Other Assets
$3930.00
3416.00
3558.00
3422.00
2410.00
2585.00
3302.00
3230.00
2991.00
3282.00
3401.00
3428.00
3420.00
4623.00
-1.23%35.18%Assets (Non-current)
$12803.00
12152.00
12608.00
12721.00
12833.00
13477.00
14187.00
14140.00
13458.00
14199.00
13514.00
13820.00
14051.00
15320.00
0.70%9.03%Assets (Total)
$19306.00
18461.00
20152.00
20608.00
17608.00
19403.00
20386.00
19694.00
19242.00
21462.00
20782.00
21712.00
21490.00
22824.00
1.07%6.21%Accounts Payable
$1292.00
1383.00
1391.00
1143.00
1090.00
1436.00
1548.00
1357.00
1276.00
1911.00
1593.00
1563.00
1678.00
1598.00
1.75%-4.77%Debt (Current)
$1015.00
711.00
667.00
500.00
331.00
710.00
963.00
570.00
694.00
503.00
914.00
682.00
286.00
1235.00
-3.55%331.82%Other Liabilities (Current)
$1697.00
1830.00
1896.00
1934.00
1645.00
1701.00
1899.00
1613.00
1720.00
2242.00
2125.00
2218.00
2429.00
2330.00
2.46%-4.08%Liabilities (Current)
$4004.00
3924.00
3954.00
3577.00
3066.00
3847.00
4410.00
3540.00
3690.00
4656.00
4632.00
4463.00
4393.00
5163.00
0.99%17.53%Debt (Non-current)
$2696.00
2303.00
3281.00
3403.00
3739.00
3634.00
3037.00
3395.00
3452.00
3589.00
3292.00
3529.00
3916.00
2961.00
2.48%-24.39%Other Liabilities
$4629.00
3848.00
3904.00
4043.00
2318.00
2171.00
2108.00
2189.00
2605.00
2469.00
1961.00
2065.00
2055.00
2140.00
-7.08%4.14%Liabilities (Non-current)
$7325.00
6151.00
7185.00
7446.00
6057.00
5805.00
5145.00
5584.00
6057.00
6058.00
5253.00
5594.00
5971.00
5101.00
-2.42%-14.57%Liabilities (Total)
$11329.00
10075.00
11139.00
11023.00
9123.00
9652.00
9555.00
9124.00
9747.00
10714.00
9885.00
10057.00
10364.00
10264.00
-1.08%-0.96%Treasury Stock
$484.00
-720.00
644.00
1256.00
1624.00
421.00
1134.00
1337.00
669.00
1055.00
1681.00
1380.00
933.00
1295.00
9.99%38.80%Retained Earnings
$1196.00
2472.00
4253.00
6673.00
8682.00
10175.00
12114.00
12256.00
10348.00
11709.00
12832.00
12947.00
11824.00
13689.00
24.18%15.77%AOCI
$229.00
303.00
-17.00
-373.00
-542.00
-160.00
-306.00
-503.00
-445.00
-168.00
-495.00
-158.00
-13.00
-84.00
-546.15%Shareholder's Equity
$7977.00
8386.00
9013.00
9585.00
8485.00
9751.00
10831.00
10570.00
9383.00
10634.00
10802.00
11551.00
11020.00
12454.00
3.42%13.01%Liabilities & Equity
$19306.00
18461.00
20152.00
20608.00
17608.00
19403.00
20386.00
19694.00
19242.00
21462.00
20782.00
21712.00
21490.00
22824.00
1.07%6.21%Net Income/Loss
$1115.00
1277.00
1781.00
2420.00
2009.00
1683.00
2565.00
1844.00
-241.00
2261.00
2428.00
1910.00
830.00
2344.00
5.01%182.41%Depreciation & Amortization
$609.00
607.00
617.00
616.00
585.00
635.00
667.00
690.00
711.00
769.00
916.00
794.00
464.00
386.00
2.44%-16.81%Increase/Decrease in Working Capital
$223.00
110.00
216.00
578.00
1383.00
47.00
289.00
133.00
146.00
193.00
940.00
-8.00
269.00
345.00
28.25%Share-based Compensation
$68.00
78.00
84.00
89.00
91.00
99.00
95.00
75.00
74.00
94.00
119.00
123.00
63.00
69.00
5.54%9.52%Adjustments to Reconcile Net Income
$832.00
769.00
306.00
-507.00
-87.00
649.00
-114.00
578.00
2250.00
421.00
41.00
1228.00
392.00
-916.00
3.60%-333.67%Net Cash (Operating)
$1947.00
2046.00
2083.00
1913.00
1922.00
2321.00
2451.00
2422.00
1992.00
2676.00
2468.00
3132.00
1215.00
1429.00
4.42%17.61%Capital Expenditure
$-1940.00
-660.00
1072.00
2308.00
1623.00
929.00
1065.00
989.00
882.00
1027.00
882.00
790.00
427.00
617.00
44.50%Net Cash (Investing)
$-1510.00
-545.00
-1075.00
636.00
-1581.00
-932.00
-1094.00
-692.00
-865.00
-1037.00
-878.00
-768.00
-404.00
-627.00
-55.20%Increase/Decrease in Debt
$406.00
765.00
939.00
-184.00
181.00
259.00
-319.00
4.00
22.00
-47.00
400.00
-132.00
-177.00
-40.00
77.40%Increase/Decrease in Equity
$185.00
844.00
-578.00
-1023.00
-2787.00
-497.00
-779.00
-1006.00
-468.00
-664.00
-1358.00
-902.00
-446.00
-852.00
-91.03%Interest Expenses
$181.00
155.00
121.00
128.00
117.00
128.00
127.00
75.00
50.00
58.00
58.00
75.00
-7.70%Dividends Paid
$-332.00
-384.00
443.00
502.00
509.00
546.00
588.00
608.00
625.00
647.00
685.00
725.00
355.00
365.00
2.82%Net Cash (Financing)
$-65.00
-1678.00
65.00
-1606.00
-3030.00
-814.00
-1722.00
-1643.00
-1105.00
-1386.00
-1684.00
-1793.00
-1006.00
-1284.00
-27.63%Cash Taxes Paid
$290.00
312.00
283.00
350.00
806.00
323.00
393.00
338.00
257.00
371.00
421.00
425.00
3.54%Effect of Exchange Rate
$-1.00
-9.00
-19.00
-71.00
7.00
-4.00
-5.00
-8.00
-4.00
5.00
-21.00
2.00
12.00
-3.00
-125.00%Increase/Decrease in Cash
$371.00
-186.00
1054.00
872.00
-2682.00
571.00
-370.00
79.00
18.00
258.00
-115.00
573.00
-183.00
-485.00
4.03%-165.03%Cash (Beginning)
$1218.00
1589.00
1403.00
2457.00
3329.00
647.00
1218.00
848.00
927.00
945.00
1203.00
1088.00
1088.00
1661.00
-1.02%52.67%Cash (Ending)
$1589.00
1403.00
2457.00
3329.00
647.00
1218.00
848.00
927.00
945.00
1203.00
1088.00
1661.00
905.00
1176.00
0.40%29.94%NOPAT
$1250.87
1945.00
1755.05
2137.67
3177.09
1704.06
2688.97
1962.63
273.62
2054.26
2331.46
1872.25
846.63
2351.77
3.73%177.78%Gross Margin %
30.46%
32.60%
33.73%
33.41%
32.95%
33.94%
33.92%
32.67%
30.69%
32.75%
32.21%
31.53%
30.88%
34.46%
Operating Margin %
11.43%
11.72%
14.70%
14.30%
15.54%
15.61%
16.66%
14.71%
4.41%
16.31%
16.93%
14.37%
12.99%
17.83%
NOPAT Margin %
9.42%
14.65%
12.62%
17.47%
25.96%
13.00%
19.22%
14.59%
2.25%
13.77%
14.32%
11.68%
10.58%
30.16%
Net Margin %
8.37%
9.61%
12.80%
19.78%
16.42%
12.83%
18.34%
13.71%
-1.98%
15.15%
14.91%
11.91%
10.37%
30.06%
Tax Rate %
17.60%
-25.00%
14.18%
-22.22%
-67.04%
16.75%
-15.36%
0.78%
49.05%
15.60%
15.40%
18.74%
18.51%
-69.19%
ROA
6.48%
10.54%
8.71%
10.37%
18.04%
8.78%
13.19%
9.97%
1.42%
9.57%
11.22%
8.62%
3.94%
10.30%
ROE
15.68%
23.19%
19.47%
22.30%
37.44%
17.48%
24.83%
18.57%
2.92%
19.32%
21.58%
16.21%
7.68%
18.88%
ROIC
9.86%
15.76%
13.65%
16.93%
23.91%
11.73%
19.05%
13.72%
1.94%
13.56%
15.83%
12.04%
5.62%
15.63%
Asset Turnover
0.69
0.72
0.69
0.59
0.70
0.68
0.69
0.68
0.63
0.70
0.78
0.74
0.37
0.34
Inventory Turnover
5.11
5.08
5.28
5.04
5.14
4.78
4.98
4.93
4.33
4.00
4.12
4.30
1.97
1.86
Equity Multiplier
2.42
2.20
2.24
2.15
2.08
1.99
1.88
1.86
2.05
2.02
1.92
1.88
1.95
1.83
Current Ratio
1.62
1.61
1.91
2.20
1.56
1.54
1.41
1.57
1.57
1.56
1.57
1.77
1.69
1.45
Quick Ratio
0.98
0.95
1.24
1.52
0.88
0.91
0.73
0.92
0.90
0.89
0.85
1.04
0.90
0.78
Debt/Equity Ratio
0.47
0.36
0.44
0.41
0.48
0.45
0.37
0.38
0.44
0.38
0.39
0.36
0.38
0.34
Interest Coverage Ratio
8.39
10.04
16.90
13.66
16.26
15.99
18.35
26.37
10.74
41.97
47.52
30.72
Working Capital/Sales
0.29
0.27
0.27
0.27
0.23
0.28
0.23
0.25
0.30
0.28
0.28
0.32
0.56
0.56
Dividend Payout Ratio %
-26.54%
-19.74%
25.24%
23.48%
16.02%
32.04%
21.87%
30.98%
228.42%
31.50%
29.38%
38.72%
41.93%
15.52%
Total Payout
$-742.00
-1838.00
203.00
1837.00
3232.00
912.00
1813.00
1685.00
1121.00
1416.00
1701.00
1834.00
978.00
1257.00
28.53%Payout Ratio %
-59.32%
-94.50%
11.57%
85.93%
101.73%
53.52%
67.42%
85.85%
409.69%
68.93%
72.96%
97.96%
115.52%
53.45%