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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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 3.34 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 1.86 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 1.13 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 0.40 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 2.27 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 9.00% 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 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 0.35 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 0.18 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 4.17 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 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 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
Common stock, $1 par value 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 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 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 -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) -0.24 -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 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%

Based on: 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 overall capital structure reveals a gradual shift toward increased leverage over the analyzed period. Total liabilities grew from 48.24% of total liabilities and stockholders’ equity in March 2021 to 51.22% by March 2026. Correspondingly, stockholders’ equity declined from 51.76% to 48.78% over the same timeframe, indicating a higher reliance on debt financing relative to equity.

Long-Term Debt Trends
A sustained increase in long-term debt, excluding the current portion, is observed. This component rose from 31.82% in March 2021 to a peak of 40.20% in June 2025, ending at 37.51% in March 2026. This trend is the primary driver of the increase in total long-term liabilities, which expanded from 39.58% to 42.21% during the period.
Equity Composition and Retained Earnings
There is a significant contraction in the percentage of retained earnings, which fell from 218.24% in March 2021 to 152.60% in March 2026. This decline is partially offset by a reduction in the negative impact of treasury common stock, which moved from -185.75% to -122.36%. Additionally, paid-in capital showed a slight upward trend, increasing from 12.17% to 13.73%.
Current Liabilities and Liquidity
Current liabilities remained relatively stable, fluctuating between 7.13% and 10.97% of the total balance sheet. Accrued compensation displays a recurring seasonal pattern, typically peaking in the December quarter of each year and dropping significantly in the March quarter. Accounts payable remained largely consistent, hovering between 1.58% and 3.26%.
Other Liability Components
Other long-term liabilities experienced a general downward trend, decreasing from 6.64% in March 2021 to 4.17% in March 2026. Deferred tax liabilities and underfunded retirement plans remained marginal and stable, both consistently representing less than 1% of the total liabilities and stockholders’ equity throughout the period.

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