Texas Instruments Inc. (TXN)


Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

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Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Current portion of long-term debt 499  1,249  750  749  749  —  500  500  499  499  378  631  634  637  1,249  1,000  1,000  1,750  1,000  1,001  1,002  254  1,000 
Accounts payable 397  412  477  478  492  492  488  466  430  450  429  396  428  416  387  386  367  417  432  437  393  402  405 
Accrued compensation 609  476  342  724  613  472  344  722  635  489  352  710  647  493  340  664  615  481  349  651  613  484  364 
Income taxes payable 58  87  113  103  104  120  133  128  74  86  77  83  68  58  67  95  84  117  75  71  106  109  101 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accrued expenses and other liabilities 444  422  477  420  424  382  395  442  417  353  366  444  393  387  377  410  431  425  426  498  527  552  600 
Current liabilities 2,007  2,646  2,159  2,474  2,382  1,466  1,860  2,258  2,055  1,877  1,602  2,264  2,170  1,991  2,420  2,555  2,500  3,193  2,286  2,662  2,643  1,803  2,471 
Long-term debt, excluding current portion 5,302  4,558  5,057  4,319  4,318  5,066  3,578  3,577  3,084  3,084  2,980  2,978  2,977  2,975  2,869  3,120  3,132  3,134  3,638  3,641  3,643  4,394  4,652 
Underfunded retirement plans 123  121  120  118  86  82  92  89  108  101  97  129  201  193  195  196  247  254  253  225  222  224  218 
Deferred tax liabilities 49  49  43  42  43  50  53  78  38  33  36  33  35  40  38  37  308  355  403  399  450  484  536 
Other long-term liabilities 1,526  1,524  1,545  1,190  1,228  1,229  1,282  1,303  656  635  624  554  547  532  382  376  383  391  397  405  471  439  438 
Long-term liabilities 7,000  6,252  6,765  5,669  5,675  6,427  5,005  5,047  3,886  3,853  3,737  3,694  3,760  3,740  3,484  3,729  4,070  4,134  4,691  4,670  4,786  5,541  5,844 
Total liabilities 9,007  8,898  8,924  8,143  8,057  7,893  6,865  7,305  5,941  5,730  5,339  5,958  5,930  5,731  5,904  6,284  6,570  7,327  6,977  7,332  7,429  7,344  8,315 
Preferred stock, $25 par value. Participating cumulative preferred. None issued. —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock, $1 par value 1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741  1,741 
Paid-in capital 2,058  2,003  1,927  1,950  1,918  1,867  1,770  1,776  1,718  1,683  1,597  1,674  1,757  1,681  1,558  1,629  1,562  1,504  1,410  1,368  1,314  1,273  1,181 
Retained earnings 39,674  38,974  38,396  37,906  37,378  36,413  35,619  34,662  34,935  34,149  33,595  33,107  32,432  31,850  31,457  31,176  30,731  30,286  29,948  29,653  29,189  28,686  28,331 
Treasury common stock at cost (34,045) (33,775) (33,080) (32,130) (30,167) (29,016) (28,096) (27,458) (26,901) (26,345) (25,767) (25,523) (25,102) (24,774) (24,443) (24,068) (23,551) (22,812) (22,199) (21,840) (21,305) (20,722) (20,113)
Accumulated other comprehensive loss, net of taxes (AOCI) (443) (457) (465) (473) (354) (371) (392) (384) (505) (520) (527) (526) (542) (536) (531) (532) (513) (514) (531) (532) (468) (512) (520)
Stockholders’ equity 8,985  8,486  8,519  8,994  10,516  10,634  10,642  10,337  10,988  10,708  10,639  10,473  10,286  9,962  9,782  9,946  9,970  10,205  10,369  10,390  10,471  10,466  10,620 
Total liabilities and stockholders’ equity 17,992  17,384  17,443  17,137  18,573  18,527  17,507  17,642  16,929  16,438  15,978  16,431  16,216  15,693  15,686  16,230  16,540  17,532  17,346  17,722  17,900  17,810  18,935 

Based on: 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-24), 10-Q (filing date: 2014-10-31), 10-Q (filing date: 2014-07-31), 10-Q (filing date: 2014-05-02).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Texas Instruments Inc.’s current liabilities increased from Q1 2019 to Q2 2019 but then decreased significantly from Q2 2019 to Q3 2019.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Texas Instruments Inc.’s long-term liabilities decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Texas Instruments Inc.’s total liabilities decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Texas Instruments Inc.’s stockholders’ equity decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.