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.

Texas Instruments Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	2,763)	3,200)	2,589)	2,740)	2,483)	2,964)	2,566)	3,439)	4,477)	3,050)	3,169)	3,802)	3,505)	4,631)	5,663)	3,649)	2,442)	3,107)	2,822)	4,294)	2,518)
Short-term investments	2,242)	4,380)	6,163)	6,948)	7,910)	5,611)	6,382)	6,113)	5,068)	6,017)	5,921)	4,585)	6,320)	5,108)	4,119)	3,741)	4,244)	3,461)	2,696)	666)	2,224)
Accounts receivable, net of allowances	1,860)	1,719)	1,862)	1,711)	1,671)	1,787)	1,976)	1,956)	1,877)	1,895)	2,040)	2,190)	1,795)	1,701)	1,653)	1,591)	1,584)	1,414)	1,392)	1,176)	1,316)
Raw materials	393)	395)	393)	405)	417)	420)	401)	388)	378)	353)	333)	305)	265)	245)	224)	201)	183)	180)	192)	182)	175)
Work in process	2,370)	2,214)	2,081)	2,072)	2,129)	2,109)	2,147)	2,110)	1,850)	1,546)	1,347)	1,258)	1,151)	1,067)	1,034)	996)	980)	964)	959)	977)	915)
Finished goods	1,924)	1,918)	1,822)	1,629)	1,537)	1,470)	1,360)	1,231)	1,060)	858)	724)	636)	644)	598)	605)	659)	727)	811)	921)	977)	913)
Inventories	4,687)	4,527)	4,296)	4,106)	4,083)	3,999)	3,908)	3,729)	3,288)	2,757)	2,404)	2,199)	2,060)	1,910)	1,863)	1,856)	1,890)	1,955)	2,072)	2,136)	2,003)
Prepaid expenses and other current assets	1,534)	1,200)	962)	1,284)	1,301)	761)	265)	277)	313)	302)	238)	267)	330)	335)	287)	340)	245)	302)	277)	216)	249)
Current assets	13,086)	15,026)	15,872)	16,789)	17,448)	15,122)	15,097)	15,514)	15,023)	14,021)	13,772)	13,043)	14,010)	13,685)	13,585)	11,177)	10,405)	10,239)	9,259)	8,488)	8,310)
Property, plant and equipment at cost	16,036)	15,254)	15,464)	14,622)	13,739)	13,268)	12,528)	11,664)	10,791)	9,950)	9,491)	8,825)	8,236)	7,858)	6,661)	6,235)	5,967)	5,781)	5,698)	5,741)	5,736)
Accumulated depreciation	(4,225)	(3,907)	(3,662)	(3,448)	(3,297)	(3,269)	(3,208)	(3,139)	(3,126)	(3,074)	(3,006)	(2,894)	(2,797)	(2,717)	(2,640)	(2,557)	(2,536)	(2,512)	(2,508)	(2,540)	(2,503)
Property, plant and equipment	11,811)	11,347)	11,802)	11,174)	10,442)	9,999)	9,320)	8,525)	7,665)	6,876)	6,485)	5,931)	5,439)	5,141)	4,021)	3,678)	3,431)	3,269)	3,190)	3,201)	3,233)
Goodwill	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)	4,362)
Deferred tax assets	1,030)	936)	941)	905)	821)	757)	632)	537)	486)	473)	291)	293)	273)	263)	309)	326)	331)	343)	299)	236)	208)
Capitalized software licenses	263)	257)	229)	230)	231)	223)	138)	143)	140)	152)	75)	82)	91)	85)	88)	99)	113)	122)	133)	141)	138)
Overfunded retirement plans	240)	233)	184)	167)	169)	173)	166)	183)	189)	188)	273)	296)	383)	392)	252)	254)	235)	246)	227)	223)	215)
Other long-term assets	2,965)	3,348)	1,931)	1,421)	1,412)	1,712)	1,923)	1,675)	1,355)	1,135)	799)	716)	718)	748)	656)	707)	762)	770)	737)	794)	817)
Long-term assets	20,671)	20,483)	19,449)	18,259)	17,437)	17,226)	16,541)	15,425)	14,197)	13,186)	12,285)	11,680)	11,266)	10,991)	9,688)	9,426)	9,234)	9,112)	8,948)	8,957)	8,973)
Total assets	33,757)	35,509)	35,321)	35,048)	34,885)	32,348)	31,638)	30,939)	29,220)	27,207)	26,057)	24,723)	25,276)	24,676)	23,273)	20,603)	19,639)	19,351)	18,207)	17,445)	17,283)

The financial data reveals several notable trends across the reported periods. Cash and cash equivalents exhibit volatility, with a peak around the middle of 2021 followed by fluctuations and a general tendency toward moderate values in the most recent periods. Short-term investments demonstrate significant variation as well, peaking notably in early 2024 before decreasing again, indicating active management of liquid assets or changes in investment strategy.

Accounts receivable shows a gradual upward trajectory overall, reflecting possibly increasing sales or extended credit terms, although some mild declines appear in the latest quarters. Inventory components such as raw materials, work in process, and finished goods all show consistent growth, with work in process and finished goods increasing more sharply from 2022 onward, which may suggest expansion in production or building stock for anticipated demand.

Total inventory accumulates steadily, evidencing an ongoing buildup of materials and products. Prepaid expenses and other current assets fluctuate significantly, with an unusual spike around late 2023, which might indicate timing differences in expense payments or changes in advance payment policies.

Current assets exhibit an overall upward trend until approximately late 2023, then experience a slight decline, driven in part by changes in cash, investments, and other current asset components.

Property, plant, and equipment (PPE) at cost shows a clear growth trend through the entire period, reflecting ongoing capital investments and expansion. Accumulated depreciation also increases steadily as expected, causing net PPE to rise substantially, especially from 2020 to 2023, indicating continued asset base expansion.

Goodwill remains constant, suggesting no significant acquisitions affecting this account during the time frame. Deferred tax assets have a general increasing trend, indicating growing temporary differences favoring future tax benefits.

Capitalized software licenses mostly decreased initially but rebound and show growth in the most recent periods, which could imply renewed investment in technology assets. Overfunded retirement plans and other long-term assets fluctuate without clear directional trends, though other long-term assets show some substantial growth starting in 2022, potentially linked to investments or deferred charges.

Long-term assets increase consistently, which is consistent with capital expenditure activities and asset growth. Total assets mirror these behaviors, showing steady growth from 2020 until peaking in early 2025, followed by a decline in the last reported quarter, suggesting possible asset disposals or revaluations.

Liquidity and Investment Management: Cash equivalents and short-term investments are actively managed, with sizable fluctuations suggesting responsive adjustments to liquidity needs or market conditions.
Receivables and Inventory Trends: Accounts receivable and inventory levels increase over time, indicating rising operational scale or changes in sales and inventory holding policies.
Capital Assets and Depreciation: Consistent investment in property, plant, and equipment along with steady depreciation accumulation reflects ongoing growth and maintenance of fixed assets.
Long-term Financial Position: Increases in deferred tax assets and long-term assets point to favorable tax positions and capital commitments, supporting future operational capacity.
Overall Asset Base: Total assets increase markedly over the period, indicative of business expansion, but exhibit a reduction at the latest point, warranting further investigation into asset changes.

Assets: Selected Items

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Current Assets: Selected Items

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Texas Instruments Inc. (NASDAQ:TXN)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data