Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Texas Instruments Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income 6,510 8,749 7,769 5,595 5,017
Depreciation 1,175 925 755 733 708
Amortization of acquisition-related intangibles 142 198 288
Amortization of capitalized software 63 54 57 61 54
Stock compensation 362 289 230 224 217
Gain on sales of assets (3) (57) (4) (23)
Deferred taxes (299) (191) 15 (137) 81
Accounts receivable 108 (194) (287) (340) 133
Inventories (1,242) (847) 45 46 216
Prepaid expenses and other current assets 46 6 57 (79) 265
Accounts payable and accrued expenses (33) 106 33 63 (93)
Accrued compensation 29 22 7 63 (15)
Income taxes payable (7) 94 (20) (181) (193)
Increase (decrease) from changes in operating capital (1,099) (813) (165) (428) 313
Changes in funded status of retirement plans 45 114 62 (9) 29
Other (337) (404) (52) (94) (35)
Adjustments to net income (90) (29) 987 544 1,632
Cash flows from operating activities 6,420 8,720 8,756 6,139 6,649
Capital expenditures (5,071) (2,797) (2,462) (649) (847)
Proceeds from asset sales 3 3 75 4 30
Purchases of short-term investments (12,705) (14,483) (10,124) (5,786) (3,444)
Proceeds from short-term investments 13,387 13,657 8,478 5,545 2,309
Other 24 37 (62) (36) 32
Cash flows from investing activities (4,362) (3,583) (4,095) (922) (1,920)
Proceeds from issuance of long-term debt 3,000 1,494 1,495 1,498 1,491
Repayment of debt (500) (500) (550) (500) (750)
Dividends paid (4,557) (4,297) (3,886) (3,426) (3,008)
Stock repurchases (293) (3,615) (527) (2,553) (2,960)
Proceeds from common stock transactions 263 241 377 470 539
Other (57) (41) (46) (36) (42)
Cash flows from financing activities (2,144) (6,718) (3,137) (4,547) (4,730)
Net change in cash and cash equivalents (86) (1,581) 1,524 670 (1)
Cash and cash equivalents at beginning of period 3,050 4,631 3,107 2,437 2,438
Cash and cash equivalents at end of period 2,964 3,050 4,631 3,107 2,437

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Cash flow statement item Description The company
Cash flows from operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Texas Instruments Inc. cash flows from operating activities decreased from 2021 to 2022 and from 2022 to 2023.
Cash flows from investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Texas Instruments Inc. cash flows from investing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Cash flows from financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Texas Instruments Inc. cash flows from financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.