Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income 1,371 1,709 1,722 1,708 1,962 2,295 2,291 2,201 2,138 1,947 1,931 1,753 1,688 1,353 1,380 1,174 1,070 1,425 1,305 1,217
Depreciation 322 303 285 265 249 249 227 200 200 192 184 179 180 183 184 186 186 183 173 166
Amortization of acquisition-related intangibles 47 48 47 47 51 50 50 50 79 80 79
Amortization of capitalized software 15 17 15 16 14 13 13 14 13 14 15 15 16 16 15 14 14 13 14 13
Stock compensation 68 79 111 104 62 68 85 74 50 50 69 61 42 50 69 63 41 48 67 61
Gains on sales of assets 1 (1) (1) (2) (50) (3) (3) (1) (1) (2) (1) (21) (2)
Deferred taxes (140) (99) (52) (8) (173) (3) (14) (1) (4) 12 (1) 8 (22) (51) (30) (34) 50 (4) 31 4
Accounts receivable 189 (20) (79) 18 145 150 (395) (94) (48) (62) (7) (170) (22) (216) 140 (242) 268 77 21 (233)
Inventories (91) (179) (441) (531) (353) (205) (139) (150) (47) (13) 40 65 117 64 (133) (2) 39 39 52 86
Prepaid expenses and other current assets 8 28 14 (4) (39) 25 (1) 21 (42) 76 (50) 73 (79) 25 63 (88) (20) 44 18 223
Accounts payable and accrued expenses (10) 27 74 (124) 34 42 19 11 (54) 35 (17) 69 3 (13) 73 (29) 29 (26) (67)
Accrued compensation 126 145 165 (407) 136 140 134 (388) 110 135 141 (379) 111 157 148 (353) 100 129 129 (373)
Income taxes payable 58 (7) (243) 185 68 21 (279) 284 34 (10) (175) 131 135 (208) (255) 147 7 (93) (13) (94)
Increase (decrease) from changes in operating capital 280 (6) (510) (863) (9) 173 (661) (316) (47) 161 (68) (211) 265 (191) 36 (538) 365 225 181 (458)
Changes in funded status of retirement plans (4) 26 17 6 (12) 56 49 21 14 13 7 28 (25) (1) (10) 27 3 17 2 7
Other 11 (92) (188) (68) (51) (85) (221) (47) 43 (5) (61) (29) (65) 35 27 (91) (25) 6 (36) 20
Adjustments to net income 553 228 (323) (548) 80 471 (523) (57) 219 481 190 97 437 90 340 (323) 684 567 491 (110)
Cash flows from operating activities 1,924 1,937 1,399 1,160 2,042 2,766 1,768 2,144 2,357 2,428 2,121 1,850 2,125 1,443 1,720 851 1,754 1,992 1,796 1,107
Capital expenditures (1,148) (1,495) (1,446) (982) (967) (790) (597) (443) (1,282) (486) (386) (308) (212) (146) (130) (161) (163) (149) (284) (251)
Proceeds from asset sales 1 1 1 1 2 68 3 3 1 1 2 1 28 2
Purchases of short-term investments (2,565) (3,080) (4,047) (3,013) (3,688) (4,346) (2,461) (3,988) (3,697) (1,693) (1,952) (2,782) (2,351) (2,540) (249) (646) (2,070) (986) (239) (149)
Proceeds from short-term investments 3,411 2,885 3,065 4,026 3,650 3,033 4,200 2,774 2,708 1,315 2,455 2,000 1,587 510 1,810 1,638 305 220 200 1,584
Other (9) (5) 42 (4) (22) (10) 82 (13) (26) (23) 7 (20) (21) (15) 5 (5) 7 1 37 (13)
Cash flows from investing activities (311) (1,694) (2,385) 28 (1,027) (2,113) 1,225 (1,668) (2,229) (884) 127 (1,109) (996) (2,189) 1,437 826 (1,921) (914) (258) 1,173
Proceeds from issuance of long-term debt 1,603 1,397 799 695 1,495 749 749 748 743
Repayment of debt (500) (500) (550) (500) (750)
Dividends paid (1,181) (1,126) (1,125) (1,125) (1,123) (1,051) (1,060) (1,063) (1,062) (942) (942) (940) (937) (825) (823) (841) (841) (721) (722) (724)
Stock repurchases (65) (46) (79) (103) (848) (996) (1,182) (589) (142) (139) (146) (100) (15) (15) (882) (1,641) (489) (456) (863) (1,152)
Proceeds from common stock transactions 45 68 65 85 50 78 56 57 52 75 54 196 114 123 87 146 48 194 146 151
Other (14) (12) (16) (15) (12) (12) (10) (7) (8) (19) (7) (12) (6) (9) (12) (9) (7) (13) (6) (16)
Cash flows from financing activities (1,215) (1,116) (52) 239 (1,134) (1,286) (2,696) (1,602) (1,160) 470 (1,041) (1,406) (844) (726) (1,381) (1,596) (1,289) (998) (1,445) (998)
Net change in cash and cash equivalents 398 (873) (1,038) 1,427 (119) (633) 297 (1,126) (1,032) 2,014 1,207 (665) 285 (1,472) 1,776 81 (1,456) 80 93 1,282

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.