TI reports first quarter 2023 financial results and shareholder returns

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES


Consolidated Balance Sheets


March 31,

(In millions, except par value)


2023


2022

Assets





Current assets:





   Cash and cash equivalents


$     4,477


$     3,505

   Short-term investments


5,068


6,320

   Accounts receivable, net of allowances of ($13) and ($9)


1,877


1,795

   Raw materials


378


265

   Work in process


1,850


1,151

   Finished goods


1,060


644

   Inventories


3,288


2,060

   Prepaid expenses and other current assets


313


330

   Total current assets


15,023


14,010

Property, plant and equipment at cost


10,791


8,236

   Accumulated depreciation


(3,126)


(2,797)

   Property, plant and equipment


7,665


5,439

Goodwill


4,362


4,362

Deferred tax assets


486


273

Capitalized software licenses


140


91

Overfunded retirement plans


189


383

Other long-term assets


1,355


718

Total assets


$    29,220


$    25,276






Liabilities and stockholders' equity





Current liabilities:





   Current portion of long-term debt


$         500


$         500

   Accounts payable


952


641

   Accrued compensation


394


386

   Income taxes payable


372


405

   Accrued expenses and other liabilities


686


596

   Total current liabilities


2,904


2,528

Long-term debt


9,626


7,242

Underfunded retirement plans


123


81

Deferred tax liabilities


73


94

Other long-term liabilities


1,251


1,314

Total liabilities


13,977


11,259

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


3,016


2,667

   Retained earnings


50,930


47,053

   Treasury common stock at cost





   Shares: March 31, 2023 – 833; March 31, 2022 – 819


(40,192)


(37,291)

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


(252)


(153)

Total stockholders' equity


15,243


14,017

Total liabilities and stockholders' equity


$    29,220


$    25,276


« 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