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

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).

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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.

Texas Instruments Inc. (NASDAQ:TXN)

Cash Flow Statement