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Texas Instruments Inc. (TXN)


Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s 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 LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net income 5,580  3,682  3,595  2,986  2,821 
Depreciation 590  539  605  766  850 
Amortization of acquisition-related intangibles 318  318  319  319  321 
Amortization of capitalized software 46  47  31  48  59 
Stock compensation 232  242  252  286  277 
Gain on sales of assets (3) —  (40) (85) (73)
Deferred taxes (105) 112  (202) (55) (61)
Accounts receivable 71  (7) (108) 77  (49)
Inventories (282) (167) (99) 93  (53)
Prepaid expenses and other current assets 669  76  (81) 94  65 
Accounts payable and accrued expenses (7) 51  72  (188) (194)
Accrued compensation (7) (3) 36  89 
Income taxes payable 158  468  333  11  (81)
Increase (decrease) from changes in operating capital 602  418  153  94  (223)
Changes in funded status of retirement plans 36  21  (73) (23) (58)
Other (107) (16) (26) (68) (21)
Adjustments to net income 1,609  1,681  1,019  1,282  1,071 
Cash flows from operating activities 7,189  5,363  4,614  4,268  3,892 
Capital expenditures (1,131) (695) (531) (551) (385)
Proceeds from asset sales 40  —  110  142 
Purchases of short-term investments (5,641) (4,555) (3,503) (2,767) (3,107)
Proceeds from short-term investments 6,708  4,095  3,390  2,892  2,966 
Other (23) (12) (6) 14 
Cash flows from investing activities (78) (1,127) (650) (302) (377)
Proceeds from issuance of long-term debt 1,500  1,099  499  498  498 
Repayment of debt (500) (625) (1,000) (1,000) (1,000)
Dividends paid (2,555) (2,104) (1,646) (1,444) (1,323)
Stock repurchases (5,100) (2,556) (2,132) (2,741) (2,831)
Proceeds from common stock transactions 373  483  472  442  616 
Excess tax benefit from share-based payments —  —  —  83  100 
Other (47) (31) (3) (3) (3)
Cash flows from financing activities (6,329) (3,734) (3,810) (4,165) (3,943)
Net change in cash and cash equivalents 782  502  154  (199) (428)
Cash and cash equivalents at beginning of period 1,656  1,154  1,000  1,199  1,627 
Cash and cash equivalents at end of period 2,438  1,656  1,154  1,000  1,199 

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

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.’s cash flows from operating activities increased from 2016 to 2017 and from 2017 to 2018.
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.’s cash flows from investing activities decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
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.’s cash flows from financing activities increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.