Stock Analysis on Net
Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Texas Instruments Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Current portion of long-term debt 3.20 3.34 1.45 1.43 0.00 0.00 2.11 2.97 2.99 3.87 1.85 0.95 0.97 1.71 1.84 1.92 2.02 1.98 2.03 2.15 2.42 0.00
Accounts payable 1.90 1.86 2.19 2.23 2.52 2.57 2.31 2.25 2.45 1.58 2.48 2.25 2.98 3.26 3.13 2.99 2.88 2.54 2.65 2.56 2.85 2.89
Accrued compensation 1.49 1.13 2.40 2.07 1.70 1.24 2.36 2.04 1.62 1.14 2.58 2.23 1.81 1.35 2.94 2.54 2.10 1.53 3.14 2.86 2.58 1.98
Income taxes payable 0.20 0.40 0.19 0.23 0.15 0.84 0.45 0.31 0.51 1.08 0.53 0.34 0.39 1.27 0.69 0.47 0.47 1.60 0.49 0.43 0.52 1.42
Accrued expenses and other liabilities 2.25 2.27 2.91 2.96 2.76 2.73 3.03 2.87 2.80 2.51 2.82 2.60 2.61 2.35 2.37 2.82 2.89 2.36 2.11 2.37 2.32 2.38
Current liabilities 9.04% 9.00% 9.13% 8.91% 7.13% 7.37% 10.26% 10.44% 10.38% 10.18% 10.26% 8.38% 8.76% 9.94% 10.97% 10.74% 10.35% 10.00% 10.41% 10.37% 10.68% 8.66%
Long-term debt, excluding current portion 35.96 37.51 39.17 38.70 40.20 38.06 36.18 36.36 36.64 36.81 32.84 34.52 35.30 32.94 30.27 28.55 27.28 28.65 29.34 31.10 27.92 31.82
Underfunded retirement plans 0.34 0.35 0.36 0.36 0.35 0.34 0.31 0.33 0.32 0.32 0.33 0.45 0.41 0.42 0.43 0.26 0.29 0.32 0.32 0.55 0.64 0.66
Deferred tax liabilities 0.15 0.18 0.19 0.17 0.18 0.17 0.15 0.15 0.16 0.16 0.19 0.21 0.22 0.25 0.24 0.35 0.36 0.37 0.35 0.37 0.42 0.45
Other long-term liabilities 4.32 4.17 4.09 4.37 5.18 5.46 5.50 3.83 3.39 3.85 4.13 3.88 3.79 4.28 4.51 4.42 4.71 5.20 5.54 5.39 6.21 6.64
Long-term liabilities 40.78% 42.21% 43.81% 43.59% 45.91% 44.03% 42.14% 40.68% 40.51% 41.13% 37.50% 39.05% 39.72% 37.90% 35.45% 33.59% 32.65% 34.54% 35.56% 37.42% 35.18% 39.58%
Total liabilities 49.82% 51.22% 52.95% 52.50% 53.04% 51.40% 52.40% 51.11% 50.88% 51.32% 47.76% 47.43% 48.48% 47.83% 46.42% 44.33% 43.00% 44.54% 45.97% 47.79% 45.87% 48.24%
Preferred stock, $25 par value; none issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $1 par value 4.85 5.06 5.03 4.97 4.98 5.16 4.90 4.93 4.97 4.99 5.38 5.50 5.63 5.96 6.40 6.68 7.04 6.89 7.06 7.48 8.45 8.87
Paid-in capital 14.29 13.73 13.04 12.60 12.15 12.02 11.08 10.80 10.46 9.86 10.39 10.37 10.22 10.32 10.85 11.04 11.26 10.55 10.66 11.01 12.06 12.17
Retained earnings 148.16 152.60 151.04 149.61 149.57 154.62 147.18 148.08 148.75 149.63 161.63 164.67 166.53 174.30 185.07 190.04 195.28 186.16 186.09 192.70 212.81 218.24
Treasury common stock at cost -116.89 -122.36 -121.82 -119.25 -119.30 -122.77 -115.17 -114.37 -114.49 -115.22 -124.53 -127.23 -130.06 -137.55 -147.81 -151.50 -155.85 -147.54 -149.13 -157.64 -177.62 -185.75
Accumulated other comprehensive loss, net of taxes (AOCI) -0.23 -0.24 -0.25 -0.43 -0.45 -0.44 -0.39 -0.55 -0.57 -0.58 -0.63 -0.74 -0.80 -0.86 -0.93 -0.59 -0.73 -0.61 -0.64 -1.34 -1.57 -1.77
Stockholders’ equity 50.18% 48.78% 47.05% 47.50% 46.96% 48.60% 47.60% 48.89% 49.12% 48.68% 52.24% 52.57% 51.52% 52.17% 53.58% 55.67% 57.00% 55.46% 54.03% 52.21% 54.13% 51.76%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The financial structure of the organization exhibits a gradual shift toward increased leverage, characterized by a rising proportion of long-term debt and a corresponding compression of stockholders' equity over the analyzed period. Total liabilities increased from 48.24% in March 2021 to a peak of 53.04% in June 2025, before moderating to 49.82% by June 2026.

Long-Term Debt and Liability Trends
A consistent upward trend in long-term debt, excluding the current portion, is observed, rising from 31.82% in early 2021 to a peak of 40.20% in June 2025. This indicates a strategic shift toward long-term financing. Total long-term liabilities followed a similar trajectory, increasing from 39.58% to a peak of 45.91% in June 2025, suggesting that the expansion of the balance sheet has been primarily funded through long-term obligations rather than short-term borrowing.
Current Liabilities and Short-Term Obligations
Current liabilities remained relatively stable, generally fluctuating between 8% and 11% of the total capital structure. Notable volatility is seen in accrued compensation, which exhibits a cyclical pattern, typically peaking in December of each year (e.g., 3.14% in December 2021 and 2.58% in December 2023) and reaching lows in March. This suggests seasonal adjustments in payroll or bonus accruals.
Equity Composition and Capital Management
A significant contraction in retained earnings is evident, falling from 218.24% in March 2021 to 148.16% by June 2026. This decline is heavily offset by a reduction in the negative balance of treasury common stock, which moved from -185.75% to -116.89%. The interplay between these two accounts indicates an aggressive capital return program, likely through share repurchases, which has reduced the overall equity base relative to total assets.
Overall Solvency and Capital Structure
Stockholders' equity experienced a general decline from a high of 57.00% in June 2022 to a low of 46.96% in June 2025, reflecting the increased reliance on debt. However, a slight recovery is noted in the final quarters, with equity returning to 50.18% by June 2026. The paid-in capital ratio showed a gradual increase from 12.17% to 14.29%, indicating modest contributions of capital or adjustments in equity accounts over the period.

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