TXN - Texas Instruments Incorporated
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$183.83
DETAILS
HIGH:
$245.00
LOW:
$140.00
MEDIAN:
$180.00
CONSENSUS:
$183.83
DOWNSIDE:
4.05%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 15,641.0 | 17,519.0 | 20,028.0 | 18,344.0 | 14,461.0 | 14,383.0 | 15,784.0 | 14,961.0 | 13,370.0 | 13,000.0 |
| Cost of Revenue | 6,547.0 | 6,500.0 | 6,257.0 | 5,968.0 | 5,192.0 | 5,219.0 | 5,507.0 | 5,347.0 | 5,130.0 | 5,440.0 |
| Gross Profit | 9,094.0 | 11,019.0 | 13,771.0 | 12,376.0 | 9,269.0 | 9,164.0 | 10,277.0 | 9,614.0 | 8,240.0 | 7,560.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,959.0 | 1,863.0 | 1,670.0 | 1,554.0 | 1,530.0 | 1,544.0 | 1,559.0 | 1,508.0 | 1,356.0 | 1,267.0 |
| SG&A Expenses | 1,794.0 | 1,825.0 | 1,704.0 | 1,666.0 | 1,623.0 | 1,645.0 | 1,684.0 | 1,754.0 | 1,742.0 | 1,728.0 |
| Other Expenses | (124.0) | 0.0 | 257.0 | 196.0 | 222.0 | 0.0 | 0.0 | (60.0) | 39.0 | 33.0 |
| Operating Expenses | 3,629.0 | 3,688.0 | 3,631.0 | 3,416.0 | 3,375.0 | 3,189.0 | 3,243.0 | 3,202.0 | 3,137.0 | 3,028.0 |
| Operating Income | ||||||||||
| Operating Income | 5,465.0 | 7,331.0 | 10,140.0 | 8,960.0 | 5,894.0 | 5,723.0 | 6,713.0 | 6,083.0 | 4,855.0 | 4,274.0 |
| Interest Expense | 508.0 | 353.0 | 214.0 | 184.0 | 190.0 | 170.0 | 125.0 | 78.0 | 80.0 | 90.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0 | 14.0 |
| Profitability | ||||||||||
| EBITDA | 7,541.0 | 9,009.0 | 11,225.0 | 10,057.0 | 7,199.0 | 6,948.0 | 7,765.0 | 7,062.0 | 5,965.0 | 5,439.0 |
| EBIT | 5,961.0 | 7,771.0 | 10,246.0 | 9,103.0 | 6,207.0 | 5,898.0 | 6,811.0 | 6,158.0 | 5,010.0 | 4,306.0 |
| Income Before Tax | 5,453.0 | 7,418.0 | 10,032.0 | 8,919.0 | 6,017.0 | 5,728.0 | 6,686.0 | 6,080.0 | 4,930.0 | 4,216.0 |
| Income Tax Expense | 654.0 | 908.0 | 1,283.0 | 1,150.0 | 422.0 | 711.0 | 1,106.0 | 2,398.0 | 1,335.0 | 1,230.0 |
| Net Income | 4,799.0 | 6,510.0 | 8,749.0 | 7,769.0 | 5,595.0 | 5,017.0 | 5,580.0 | 3,682.0 | 3,595.0 | 2,986.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 5.24 | 7.13 | 9.51 | 8.38 | 6.05 | 5.33 | 5.71 | 3.68 | 3.54 | 2.86 |
| EPS (Diluted) | 5.20 | 7.07 | 9.41 | 8.27 | 5.97 | 5.24 | 5.59 | 3.61 | 3.48 | 2.82 |
| Shares Outstanding | 912.0 | 908.0 | 916.0 | 923.0 | 921.0 | 936.0 | 970.0 | 991.0 | 996.0 | 1,011.3 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 3,200.0 | 2,964.0 | 3,050.0 | 4,631.0 | 3,107.0 | 2,437.0 | 2,438.0 | 1,656.0 | 1,154.0 | 1,000.0 |
| Short-Term Investments | 4,380.0 | 5,611.0 | 6,017.0 | 5,108.0 | 3,461.0 | 2,950.0 | 1,795.0 | 2,813.0 | 2,336.0 | 2,218.0 |
| Net Receivables | 1,719.0 | 1,787.0 | 1,895.0 | 1,701.0 | 1,414.0 | 1,074.0 | 1,207.0 | 1,278.0 | 1,267.0 | 1,165.0 |
| Inventory | 4,527.0 | 3,999.0 | 2,757.0 | 1,910.0 | 1,955.0 | 2,001.0 | 2,217.0 | 1,957.0 | 1,790.0 | 1,691.0 |
| Other Current Assets | 1,200.0 | 761.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 262.0 | 344.0 | 0.0 |
| Total Current Assets | 15,026.0 | 15,122.0 | 14,021.0 | 13,685.0 | 10,239.0 | 8,761.0 | 8,097.0 | 8,734.0 | 7,457.0 | 7,074.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 11,347.0 | 9,999.0 | 6,876.0 | 5,141.0 | 3,269.0 | 3,303.0 | 3,183.0 | 2,664.0 | 2,512.0 | 2,596.0 |
| Goodwill | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 | 4,362.0 |
| Intangible Assets | 257.0 | 223.0 | 152.0 | 85.0 | 274.0 | 409.0 | 717.0 | 1,056.0 | 1,316.0 | 1,629.0 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 49.0 | 300.0 | 251.0 | 268.0 | 235.0 | 221.0 |
| Other Non-Current Assets | 3,581.0 | 1,885.0 | 1,323.0 | 1,140.0 | 815.0 | 686.0 | 232.0 | 294.0 | 175.0 | 147.0 |
| Total Non-Current Assets | 20,483.0 | 17,226.0 | 13,186.0 | 10,991.0 | 9,112.0 | 9,257.0 | 9,040.0 | 8,908.0 | 8,974.0 | 9,156.0 |
| Total Assets | 35,509.0 | 32,348.0 | 27,207.0 | 24,676.0 | 19,351.0 | 18,018.0 | 17,137.0 | 17,642.0 | 16,431.0 | 16,230.0 |
| Current Liabilities | ||||||||||
| Account Payables | 820.0 | 802.0 | 851.0 | 571.0 | 415.0 | 388.0 | 478.0 | 466.0 | 396.0 | 386.0 |
| Short-Term Debt | 750.0 | 599.0 | 500.0 | 500.0 | 550.0 | 500.0 | 749.0 | 500.0 | 631.0 | 1,000.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 103.0 | 128.0 | 0.0 | 0.0 |
| Other Current Liabilities | 1,562.0 | 1,406.0 | 1,254.0 | 1,213.0 | 695.0 | 641.0 | (103.0) | (128.0) | 0.0 | 0.0 |
| Total Current Liabilities | 3,643.0 | 3,320.0 | 2,985.0 | 2,569.0 | 2,390.0 | 2,123.0 | 2,474.0 | 2,258.0 | 2,264.0 | 2,555.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 12,846.0 | 10,624.0 | 8,235.0 | 7,241.0 | 6,248.0 | 5,303.0 | 4,319.0 | 3,577.0 | 2,978.0 | 3,120.0 |
| Deferred Tax Liabilities | 53.0 | 63.0 | 66.0 | 87.0 | 90.0 | 78.0 | 42.0 | 78.0 | 33.0 | 37.0 |
| Other Non-Current Liabilities | 2,064.0 | 1,444.0 | 1,000.0 | 1,063.0 | 1,187.0 | 1,348.0 | 1,308.0 | 1,392.0 | 683.0 | 572.0 |
| Total Non-Current Liabilities | 14,963.0 | 12,131.0 | 9,645.0 | 8,774.0 | 7,774.0 | 6,988.0 | 5,669.0 | 5,047.0 | 3,694.0 | 3,729.0 |
| Total Liabilities | 18,606.0 | 15,451.0 | 12,630.0 | 11,343.0 | 10,164.0 | 9,111.0 | 8,143.0 | 7,305.0 | 5,958.0 | 6,284.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 | 1,741.0 |
| Retained Earnings | 52,262.0 | 52,283.0 | 50,353.0 | 45,919.0 | 42,051.0 | 39,898.0 | 37,906.0 | 34,662.0 | 33,107.0 | 31,176.0 |
| Accumulated Other Comprehensive Income | (140.0) | (205.0) | (254.0) | (157.0) | (360.0) | (347.0) | (473.0) | (384.0) | (526.0) | (532.0) |
| Total Stockholders' Equity | 16,903.0 | 16,897.0 | 14,577.0 | 13,333.0 | 9,187.0 | 8,907.0 | 8,994.0 | 10,337.0 | 10,473.0 | 9,946.0 |
| Total Liabilities & Equity | 35,509.0 | 32,348.0 | 27,207.0 | 24,676.0 | 19,351.0 | 18,018.0 | 17,137.0 | 17,642.0 | 16,431.0 | 16,230.0 |
| Debt Metrics | ||||||||||
| Total Debt | 13,596.0 | 11,223.0 | 9,079.0 | 8,206.0 | 7,119.0 | 6,135.0 | 5,068.0 | 4,077.0 | 3,609.0 | 4,120.0 |
| Net Debt | 10,396.0 | 8,259.0 | 6,029.0 | 3,575.0 | 4,012.0 | 3,366.0 | 2,630.0 | 2,421.0 | 2,455.0 | 3,120.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,799.0 | 6,510.0 | 8,749.0 | 7,769.0 | 5,595.0 | 5,017.0 | 5,580.0 | 3,682.0 | 3,595.0 | 2,986.0 |
| Depreciation & Amortization | 1,580.0 | 1,238.0 | 979.0 | 954.0 | 992.0 | 1,050.0 | 954.0 | 904.0 | 955.0 | 1,133.0 |
| Stock-Based Compensation | 387.0 | 362.0 | 289.0 | 230.0 | 224.0 | 217.0 | 232.0 | 242.0 | 252.0 | 286.0 |
| Change in Working Capital | (111.0) | (1,099.0) | (813.0) | (165.0) | (428.0) | 313.0 | 602.0 | 418.0 | 153.0 | 94.0 |
| Other Non-Cash Items | (127.0) | (292.0) | (293.0) | (47.0) | (107.0) | (29.0) | (74.0) | 5.0 | (139.0) | (176.0) |
| Operating Cash Flow | 6,318.0 | 6,420.0 | 8,720.0 | 8,756.0 | 6,139.0 | 6,649.0 | 7,189.0 | 5,363.0 | 4,614.0 | 4,268.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (4,820.0) | (5,071.0) | (2,797.0) | (2,462.0) | (649.0) | (847.0) | (1,131.0) | (695.0) | (531.0) | (551.0) |
| Acquisitions | 0.0 | 0.0 | 3.0 | 2,462.0 | 649.0 | 847.0 | 1,131.0 | 40.0 | (1,062.0) | 0.0 |
| Purchases of Investments | (9,716.0) | (12,705.0) | (14,483.0) | (10,124.0) | (5,786.0) | (3,444.0) | (5,641.0) | (4,555.0) | (3,503.0) | (2,767.0) |
| Sales/Maturities of Investments | 11,187.0 | 13,387.0 | 13,657.0 | 8,478.0 | 5,545.0 | 2,309.0 | 6,708.0 | 4,095.0 | 3,390.0 | 2,892.0 |
| Other Investing Activities | 147.0 | 27.0 | 37.0 | (2,449.0) | (681.0) | (785.0) | (1,145.0) | (12.0) | 1,056.0 | 124.0 |
| Investing Cash Flow | (3,202.0) | (4,362.0) | (3,583.0) | (4,095.0) | (922.0) | (1,920.0) | (78.0) | (1,127.0) | (650.0) | (302.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 2,380.0 | 2,500.0 | 994.0 | 945.0 | 998.0 | 741.0 | 1,000.0 | 474.0 | (501.0) | (502.0) |
| Stock Repurchased | (929.0) | (293.0) | (3,615.0) | (527.0) | (2,553.0) | (2,960.0) | (5,100.0) | (2,556.0) | (2,132.0) | (2,741.0) |
| Dividends Paid | (4,795.0) | (4,557.0) | (4,297.0) | (3,886.0) | (3,426.0) | (3,008.0) | (2,555.0) | (2,104.0) | (1,646.0) | (1,444.0) |
| Other Financing Activities | (53.0) | (57.0) | (41.0) | (46.0) | (36.0) | (42.0) | (47.0) | (31.0) | (3.0) | 126.0 |
| Financing Cash Flow | (2,880.0) | (2,144.0) | (6,718.0) | (3,137.0) | (4,547.0) | (4,730.0) | (6,329.0) | (3,734.0) | (3,810.0) | (4,165.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 236.0 | (86.0) | (1,581.0) | 1,524.0 | 670.0 | (1.0) | 782.0 | 502.0 | 154.0 | (199.0) |
| Cash at Beginning | 2,964.0 | 3,050.0 | 4,631.0 | 3,107.0 | 2,437.0 | 2,438.0 | 1,656.0 | 1,154.0 | 1,000.0 | 1,199.0 |
| Cash at End | 3,200.0 | 2,964.0 | 3,050.0 | 4,631.0 | 3,107.0 | 2,437.0 | 2,438.0 | 1,656.0 | 1,154.0 | 1,000.0 |
| Free Cash Flow | 1,498.0 | 1,349.0 | 5,923.0 | 6,294.0 | 5,490.0 | 5,802.0 | 6,058.0 | 4,668.0 | 4,083.0 | 3,717.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 15,641.0 | 17,519.0 | 20,028.0 | 18,344.0 | 14,461.0 | 14,383.0 | 15,784.0 | 14,961.0 | 13,370.0 | 13,000.0 |
| Gross Profit | 9,094.0 | 11,019.0 | 13,771.0 | 12,376.0 | 9,269.0 | 9,164.0 | 10,277.0 | 9,614.0 | 8,240.0 | 7,560.0 |
| Operating Income | 5,465.0 | 7,331.0 | 10,140.0 | 8,960.0 | 5,894.0 | 5,723.0 | 6,713.0 | 6,083.0 | 4,855.0 | 4,274.0 |
| Net Income | 4,799.0 | 6,510.0 | 8,749.0 | 7,769.0 | 5,595.0 | 5,017.0 | 5,580.0 | 3,682.0 | 3,595.0 | 2,986.0 |
| EPS (Diluted) | 5.20 | 7.07 | 9.41 | 8.27 | 5.97 | 5.24 | 5.59 | 3.61 | 3.48 | 2.82 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 3,200.0 | 2,964.0 | 3,050.0 | 4,631.0 | 3,107.0 | 2,437.0 | 2,438.0 | 1,656.0 | 1,154.0 | 1,000.0 |
| Total Assets | 35,509.0 | 32,348.0 | 27,207.0 | 24,676.0 | 19,351.0 | 18,018.0 | 17,137.0 | 17,642.0 | 16,431.0 | 16,230.0 |
| Total Debt | 13,596.0 | 11,223.0 | 9,079.0 | 8,206.0 | 7,119.0 | 6,135.0 | 5,068.0 | 4,077.0 | 3,609.0 | 4,120.0 |
| Stockholders' Equity | 16,903.0 | 16,897.0 | 14,577.0 | 13,333.0 | 9,187.0 | 8,907.0 | 8,994.0 | 10,337.0 | 10,473.0 | 9,946.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 6,318.0 | 6,420.0 | 8,720.0 | 8,756.0 | 6,139.0 | 6,649.0 | 7,189.0 | 5,363.0 | 4,614.0 | 4,268.0 |
| Capital Expenditure | (4,820.0) | (5,071.0) | (2,797.0) | (2,462.0) | (649.0) | (847.0) | (1,131.0) | (695.0) | (531.0) | (551.0) |
| Free Cash Flow | 1,498.0 | 1,349.0 | 5,923.0 | 6,294.0 | 5,490.0 | 5,802.0 | 6,058.0 | 4,668.0 | 4,083.0 | 3,717.0 |