Stock Analysis on Net
Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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

US$ in millions

Microsoft Excel
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
Current portion of long-term debt
Accounts payable
Accrued compensation
Income taxes payable
Accrued expenses and other liabilities
Current liabilities
Long-term debt, excluding current portion
Underfunded retirement plans
Deferred tax liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $25 par value; none issued
Common stock, $1 par value
Paid-in capital
Retained earnings
Treasury common stock at cost
Accumulated other comprehensive loss, net of taxes (AOCI)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 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).

Current Portion of Long-term Debt
The current portion of long-term debt demonstrated fluctuations, initially declining from $1051 million in March 2020 to a low around $299-$300 million in mid-2023, before increasing substantially to $1349 million by June 2024, then tapering off slightly by year-end 2024 and into early 2025. This indicates variations in debt maturity structuring over the periods.
Accounts Payable
Accounts payable showed a general upward trend from $363 million in March 2020 to a peak above $950 million in early 2023, followed by inconsistencies but maintaining elevated levels around $800-$860 million through early 2025, suggesting increased payables consistent with growth or operational scaling.
Accrued Compensation
Accrued compensation oscillated significantly, initially rising from $353 million in March 2020 to near $836 million by December 2021, with cyclical declines and increases through 2024. The repeated pattern of increased accrued compensation near year-end and reduced amounts in early quarters reflects potential seasonal payroll or bonus structures.
Income Taxes Payable
Income taxes payable varied considerably, exhibiting spikes in March quarters, reaching up to $405 million in March 2022 and similarly high values in other March quarters, indicating seasonal tax obligations or estimated tax payments synchronized with fiscal year ends.
Accrued Expenses and Other Liabilities
These liabilities generally increased over time, rising from $552 million in early 2020 to $1075 million by March 2025, reflecting growing operational expenses or accruals likely tied to business expansion or inflationary factors.
Current Liabilities
Current liabilities showed a dip in early 2021 to about $1700 million, followed by a steady rise to above $3600 million by late 2024. This suggests increasing short-term obligations possibly driven by growth in accounts payable, accrued expenses, and other current liabilities.
Long-term Debt Excluding Current Portion
Long-term debt displayed a general upward trend, increasing from roughly $5500 million in early 2020 to a level exceeding $12800 million by late 2024. Noticeable increments indicate possible additional borrowing or bond issuances over time.
Underfunded Retirement Plans
The underfunded retirement plan liabilities remained relatively stable with minor fluctuations between $69 million and $141 million, not indicating significant volatility or structural changes in obligations during the period.
Deferred Tax Liabilities
Deferred tax liabilities showed a slight declining trend, declining from around $90 million in 2020 to the mid-$50 million range towards 2024, suggesting changes in deferred tax positions or benefits over time.
Other Long-term Liabilities
Other long-term liabilities fluctuated between approximately $1150 million and $1950 million, with a notable spike near the end of the period in 2025, perhaps due to accrued long-term commitments or adjustments in non-debt liabilities.
Long-term Liabilities
Overall long-term liabilities increased steadily, climbing from $7168 million in March 2020 to nearly $15000 million by late 2024, reflecting growing leverage and potential capital structure changes.
Total Liabilities
Total liabilities exhibited a rising trend from about $9500 million in early 2020 to a peak near $18600 million in late 2024, before declining somewhat in early 2025. This highlights gradual liability growth aligned with business operations and financing activities.
Stockholders’ Equity
Stockholders’ equity experienced a consistent increase from approximately $7700 million at the start of 2020 to a peak near $17270 million in 2024, followed by a mild decrease in early 2025. This reflects accumulated earnings growth partially offset by treasury stock activities.
Common Stock and Paid-in Capital
Common stock value remained constant at $1741 million through the period, while paid-in capital steadily increased from around $2096 million to over $4000 million by early 2025, indicating ongoing capital injections or equity transactions enhancing invested capital.
Retained Earnings
Retained earnings showed consistent growth from $40227 million to over $52000 million, emphasizing sustained profitability and accumulation of earnings over the analyzed periods.
Treasury Common Stock at Cost
Treasury stock increased in cost from negative $36002 million to over negative $41400 million, signaling continuous repurchases or treasury stock accumulation, which may put downward pressure on equity despite earnings growth.
Accumulated Other Comprehensive Loss (AOCI)
AOCI remained comparatively minor and stable, fluctuating mildly between negative $140 million and negative $335 million, indicating limited impact from comprehensive income components such as foreign currency adjustments or pension liabilities.
Total Liabilities and Stockholders’ Equity
The combined total of liabilities and equity increased steadily from approximately $17283 million in early 2020 to a high of $35509 million in late 2024, briefly declining to about $33757 million in early 2025. This overall growth reflects balance sheet expansion consistent with operational scale and financing.