Stock Analysis on Net
Stock Analysis on Net
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Texas Instruments Inc. (NASDAQ:TXN)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Texas Instruments Inc., consolidated balance sheet: assets

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 2,437  2,438  1,656  1,154  1,000 
Short-term investments 2,950  1,795  2,813  2,336  2,218 
Accounts receivable, net of allowances 1,074  1,207  1,278  1,267  1,165 
Inventories 2,001  2,217  1,957  1,790  1,691 
Prepaid expenses and other current assets 299  440  1,030  910  1,000 
Current assets 8,761  8,097  8,734  7,457  7,074 
Property, plant and equipment 3,303  3,183  2,664  2,512  2,596 
Long-term investments 300  251  268  235  221 
Goodwill 4,362  4,362  4,362  4,362  4,362 
Acquisition-related intangibles 340  628  946  1,264  1,583 
Deferred tax assets 197  295  264  374  201 
Capitalized software licenses 69  89  110  52  46 
Overfunded retirement plans 218  92  208  96  85 
Other long-term assets 468  140  86  79  62 
Long-term assets 9,257  9,040  8,908  8,974  9,156 
Total assets 18,018  17,137  17,642  16,431  16,230 

Based on: 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Texas Instruments Inc.’s current assets decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Property, plant and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Texas Instruments Inc.’s property, plant and equipment increased from 2017 to 2018 and from 2018 to 2019.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Texas Instruments Inc.’s long-term assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Texas Instruments Inc.’s total assets decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Texas Instruments Inc.’s cash and cash equivalents increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Texas Instruments Inc.’s short-term investments decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Texas Instruments Inc.’s accounts receivable, net of allowances decreased from 2017 to 2018 and from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Texas Instruments Inc.’s inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.