Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
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Texas Instruments Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Texas Instruments Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial data exhibits several notable trends across the periods analyzed. Cash and cash equivalents demonstrate fluctuation with peaks around mid-2020 and early 2023, followed by declines in some periods, indicating variability in liquidity management. Short-term investments show considerable volatility, with an initial dip in mid-2020 followed by periods of growth, including peaks reaching beyond $7 billion in 2024 and early 2025, suggesting dynamic investment strategies.
Accounts receivable generally increase over time, pointing to growing sales or extended credit terms, although some fluctuations imply variability in collections. Inventory components—raw materials, work in process, and finished goods—consistently increase throughout the periods, reflecting either rising production volumes or stockpiling, with work in process showing the most significant growth, which may highlight increased operational output or longer production cycles.
Prepaid expenses and other current assets remain relatively stable early on but surge considerably from late 2023 onwards, suggesting changes in advance payments or other current asset policies. Current assets overall trend upward, peaking around mid-2023 to early 2024 before showing a moderate decrease, aligning with movements in cash, investments, and inventories.
On the fixed asset side, property, plant, and equipment (PPE) at cost steadily increase, indicating continual investment in operational infrastructure. Correspondingly, accumulated depreciation rises, consistent with asset aging and usage. Net PPE grows over the period despite depreciation, signifying net capital expansion. Goodwill remains constant, implying no significant acquisitions or impairments affecting this asset.
Deferred tax assets experience gradual growth overall, reflecting timing differences or tax planning effects. Capitalized software licenses vary but show a notable increase in late 2022 and remain elevated, which may correspond to increased software development or acquisition costs. Overfunded retirement plans fluctuate without a clear trend, suggesting ongoing adjustments to employee benefit funding.
Other long-term assets increase substantially in later periods, notably after 2022, indicating accumulation of non-current resources or investments. Total long-term assets correspondingly rise, with pronounced growth from 2021 onward, further supporting the expansion of non-current asset bases.
Total assets display a clear upward trajectory through most periods, reflecting overall company growth and asset base expansion, peaking in early 2025 before a slight decline. This pattern aligns with the combined effects of current and long-term asset fluctuations.
- Liquidity
- Cash and equivalents and short-term investments demonstrate variability but overall capacity to fund operations and investments remains robust.
- Receivables and Inventory
- Increasing accounts receivable and inventories suggest growth in sales and production activities, with inventory accumulation potentially signaling strategic stock levels or supply chain considerations.
- Fixed Assets
- Continuous investment in PPE offsets accumulated depreciation, indicating asset base enlargement and sustained capital expenditure.
- Asset Composition
- Growth in deferred tax assets, capitalized software, and other long-term assets reflects diversification and intensification of long-term resources.
- Total Assets
- Overall asset expansion underlines business growth, albeit with fluctuations influenced by current asset composition and investment timing.