Stock Analysis on Net
Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Cash Flow Statement
Quarterly Data

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 flows 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 (quarterly data)

US$ in millions

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3 months ended: Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net income 1,380  1,174  1,070  1,425  1,305  1,217  1,239  1,570  1,405  1,366  344  1,285  1,056  997  1,047  1,018  819  711  836  798  696  656 
Depreciation 184  186  186  183  173  166  158  151  144  137  133  133  134  139  139  150  155  161  172  193  198  203 
Amortization of acquisition-related intangibles 50  50  50  79  80  79  79  80  79  80  79  80  79  80  80  80  79  80  79  80  80  80 
Amortization of capitalized software 15  14  14  13  14  13  12  12  10  12  12  12  12  11  10  12  13  13 
Stock compensation 69  63  41  48  67  61  42  46  74  70  45  54  75  68  48  56  76  72  58  66  84  78 
Gains on sales of assets (1) —  —  —  (21) (2) (3) —  —  —  —  —  —  —  (40) —  —  —  (82) —  (2) (1)
Deferred taxes (30) (34) 50  (4) 31  (23) (52) (31) 159  (2) (54) (42) (125) (59) 24  51  (50) (57)
Accounts receivable 140  (242) 268  77  21  (233) 378  (34) (97) (176) 299  (106) (132) (68) 166  (98) (76) (100) 318  (47) (40) (154)
Inventories (133) (2) 39  39  52  86  (101) (26) (58) (97) (49) 39  (104) (53) 18  68  (71) (114) 80  114  (41) (60)
Prepaid expenses and other current assets 63  (88) (20) 44  18  223  101  151  61  356  33  31  83  (71) (211) 95  (8) 43  40  (5) 54 
Accounts payable and accrued expenses 73  —  (29) 29  (26) (67) (13) 51  (51) 70  47  12  (78) 59  14  40  (41) (48) (34) (108)
Accrued compensation 148  (353) 100  129  129  (373) 105  137  123  (372) 82  140  131  (356) 62  149  147  (322) 44  132  125  (294)
Income taxes payable (255) 147  (93) (13) (94) 147  22  120  (131) 694  10  (385) 149  180  47  (25) 131  (10) 99  (225) 147 
Increase (decrease) from changes in operating capital 36  (538) 365  225  181  (458) 617  301  155  (471) 1,129  161  (395) (477) 274  275  (403) 439  290  (220) (415)
Changes in funded status of retirement plans (10) 27  17  10  12  29  (15) (15) 31  19  (14) (129) 24  14  18  (88) 24  22  19 
Other 27  (91) (25) (36) 20  14  (14) (71) (36) 43  (32) (9) (18) (20) 10  (18) (45) (4) (25)
Adjustments to net income 340  (323) 684  567  491  (110) 906  536  421  (254) 1,585  437  (139) (202) 340  447  290  (58) 594  611  124  (47)
Cash flows from operating activities 1,720  851  1,754  1,992  1,796  1,107  2,145  2,106  1,826  1,112  1,929  1,722  917  795  1,387  1,465  1,109  653  1,430  1,409  820  609 
Capital expenditures (130) (161) (163) (149) (284) (251) (323) (370) (249) (189) (231) (186) (151) (127) (110) (139) (158) (124) (164) (139) (125) (123)
Proceeds from asset sales —  —  —  28  —  —  —  —  —  —  40  —  —  —  —  100  — 
Purchases of short-term investments (249) (646) (2,070) (986) (239) (149) (333) (3,099) (1,213) (996) (1,450) (1,218) (1,130) (757) (1,332) (978) (993) (200) (1,054) (459) (919) (335)
Proceeds from short-term investments 1,810  1,638  305  220  200  1,584  2,163  1,715  1,375  1,455  790  920  1,265  1,120  765  515  1,210  900  437  980  860  615 
Other (5) 37  (13) (11) (14) (4) (7) (4) (9) (8) (1) (3) — 
Cash flows from investing activities 1,437  826  (1,921) (914) (258) 1,173  1,505  (1,768) (81) 266  (898) (488) (8) 267  (685) (603) 65  573  (675) 389  (174) 158 
Proceeds from issuance of long-term debt 749  749  —  748  —  743  —  —  1,500  —  494  —  605  —  —  —  499  —  —  —  498  — 
Repayment of debt (500) —  —  (750) —  —  —  —  (500) —  —  —  (375) (250) —  —  (1,000) —  —  (750) (250) — 
Dividends paid (823) (841) (841) (721) (722) (724) (736) (602) (606) (611) (611) (495) (498) (500) (499) (382) (382) (383) (386) (348) (354) (356)
Stock repurchases (882) (1,641) (489) (456) (863) (1,152) (2,009) (1,200) (1,018) (873) (706) (650) (650) (550) (475) (500) (527) (630) (627) (790) (654) (670)
Proceeds from common stock transactions 87  146  48  194  146  151  38  55  102  178  162  76  84  161  57  154  193  68  110  35  51  246 
Excess tax benefit from share-based payments —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  15  56 
Other (12) (9) (7) (13) (6) (16) (7) (8) (21) (11) (10) (9) (8) (4) —  —  (3) —  —  —  (3) — 
Cash flows from financing activities (1,381) (1,596) (1,289) (998) (1,445) (998) (2,714) (1,755) (543) (1,317) (671) (1,078) (842) (1,143) (917) (728) (1,220) (945) (888) (1,849) (704) (724)
Net change in cash and cash equivalents 1,776  81  (1,456) 80  93  1,282  936  (1,417) 1,202  61  360  156  67  (81) (215) 134  (46) 281  (133) (51) (58) 43 

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

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 decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
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 increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.