TI reports third quarter 2022 financial results and shareholder returns

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES


Consolidated Balance Sheets


September 30,

(In millions, except par value)


2022


2021

Assets





Current assets:





     Cash and cash equivalents


$

3,169


$

5,663

     Short-term investments


5,921


4,119

     Accounts receivable, net of allowances of ($10) and ($9)


2,040


1,653

     Raw materials


333


224

     Work in process


1,347


1,034

     Finished goods


724


605

     Inventories


2,404


1,863

     Prepaid expenses and other current assets


238


287

     Total current assets


13,772


13,585

Property, plant and equipment at cost


9,491


6,661

     Accumulated depreciation


(3,006)


(2,640)

     Property, plant and equipment


6,485


4,021

Goodwill


4,362


4,362

Deferred tax assets


291


309

Capitalized software licenses


75


88

Overfunded retirement plans


273


252

Other long-term assets


799


656

Total assets


$

26,057


$

23,273






Liabilities and stockholders' equity





Current liabilities:





     Current portion of long-term debt


$

499


$

500

     Accounts payable


780


534

     Accrued compensation


662


665

     Income taxes payable


123


101

     Accrued expenses and other liabilities


734


613

     Total current liabilities


2,798


2,413

Long-term debt


7,438


7,239

Underfunded retirement plans


69


129

Deferred tax liabilities


92


86

Other long-term liabilities


1,153


1,255

Total liabilities


11,550


11,122

Stockholders' equity:





     Preferred stock, $25 par value. Shares authorized – 10; none issued



     Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741


1,741


1,741

     Paid-in capital


2,877


2,563

     Retained earnings


49,519


44,847

     Treasury common stock at cost





     Shares: September 30, 2022 – 831; September 30, 2021 – 817


(39,476)


(36,687)

     Accumulated other comprehensive income (loss), net of taxes (AOCI)


(154)


(313)

Total stockholders' equity


14,507


12,151

Total liabilities and stockholders' equity


$

26,057


$

23,273


Certain amounts in the prior period's balance sheet have been reclassified to conform to the current presentation.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise