TEXAS INSTRUMENTS INC

Listed Company

TXNCIK 0000097476NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$17.68B

Net Income

$5.00B

Total Assets

$34.59B

Equity

$16.27B

Shares Out

910.09M

Op. Cash Flow

$7.15B

Business

TEXAS INSTRUMENTS INC designs and manufactures semiconductors sold to electronics designers and manufacturers worldwide. Its products include a broad portfolio of analog and embedded processing chips—power management and signal-chain components, microcontrollers, processors, wireless connectivity, radar, DLP® products, calculators and custom ASICs—used to condition signals, manage power, process data and enable device interfaces. The company reports through two main segments, Analog and Embedded Processing, with remaining activities aggregated in Other. It distributes primarily via direct sales channels, including TI.com and a global sales force, supplemented by regional and worldwide distributors, and operates design, manufacturing and sales facilities across North America, Europe, Japan and Asia.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	17,682	15,641	17,519	20,028	18,344
Cost of revenue (COR)	7,599	6,547	6,500	6,257	5,968
Gross profit	10,083	9,094	11,019	13,771	12,376
Research and development (R&D)	2,083	1,959	1,863	1,670	1,554
Selling, general and administrative (SG&A)	1,860	1,794	1,825	1,704	1,666
Restructuring charges/other	117	−124	0	257	—
Operating profit	6,023	5,465	7,331	10,140	8,960
Other income (expense), net (OI&E)	230	496	440	106	143
Interest and debt expense	543	508	353	214	184
Income before income taxes	5,710	5,453	7,418	10,032	8,919
Provision for income taxes	709	654	908	1,283	1,150
Net income	5,001	4,799	6,510	8,749	7,769
Basic (in dollars per share)	5.47	5.24	7.13	9.51	8.38
Diluted (in dollars per share)	5.45	5.2	7.07	9.41	8.26
Basic (in shares)	909	912	908	916	923
Diluted (in shares)	913	919	916	926	936
Income allocated to RSUs	−28	−24	−33	−39	−33
Income allocated to common stock for diluted EPS	4,973	4,775	6,477	8,710	7,736

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,225	3,200	2,964	3,050	4,631
Short-term investments	1,656	4,380	5,611	6,017	5,108
Accounts receivable, net of allowances of ($22) and ($21)	1,963	1,719	1,787	1,895	1,701
Raw materials	465	395	420	353	245
Work in process	2,372	2,214	2,109	1,546	1,067
Finished goods	1,967	1,918	1,470	858	598
Inventories	4,804	4,527	3,999	2,757	1,910
Prepaid expenses and other current assets	2,102	1,200	761	302	335
Total current assets	13,750	15,026	15,122	14,021	13,685
Property, plant and equipment at cost	17,682	15,254	13,268	9,950	7,858
Accumulated depreciation	−5,362	−3,907	−3,269	−3,074	−2,717
Property, plant and equipment	12,320	11,347	9,999	6,876	5,141
Goodwill	4,330	4,362	4,362	4,362	4,362
Deferred tax assets	967	936	757	473	263
Capitalized software licenses	238	257	223	152	85
Overfunded retirement plans	324	233	173	188	392
Other long-term assets	2,656	3,348	1,712	1,135	748
Total assets	34,585	35,509	32,348	27,207	24,676
Current portion of long-term debt	500	750	599	500	500
Accounts payable	756	820	802	851	571
Accrued compensation	829	839	836	799	775
Income taxes payable	67	159	172	189	121
Accrued expenses and other liabilities	1,007	1,075	911	646	602
Total current liabilities	3,159	3,643	3,320	2,985	2,569
Long-term debt	13,548	12,846	10,624	8,235	7,241
Underfunded retirement plans	124	110	108	118	79
Deferred tax liabilities	66	53	63	66	87
Other long-term liabilities	1,415	1,954	1,336	1,226	1,367
Total liabilities	18,312	18,606	15,451	12,630	11,343
Preferred stock, $25 par value. Shares authorized 10; none issued	0	0	0	0	0
Common stock, $1 par value. Shares authorized 2,400; shares issued 1,741	1,741	1,741	1,741	1,741	1,741
Paid-in capital	4,511	3,935	3,362	2,951	2,630
Retained earnings	52,236	52,262	52,283	50,353	45,919
Treasury common stock at cost Shares: 2025 - 834; 2024 - 830	−42,130	−40,895	−40,284	−40,214	−36,800
Accumulated other comprehensive income (loss), net of taxes (AOCI)	−85	−140	−205	−254	−157
Total stockholders equity	16,273	16,903	16,897	14,577	13,333
Total liabilities and stockholders equity	34,585	35,509	32,348	27,207	24,676

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	1,918	1,508	1,175	925	755
Amortization of capitalized software	81	72	63	54	57
Stock compensation	419	387	362	289	230
(Gains) losses on sales of assets	2	−127	0	−3	−57
Deferred taxes	−19	−210	−299	−191	15
Accounts receivable	−244	68	108	−194	−287
Inventories	−277	−528	−1,242	−847	45
Prepaid expenses and other current assets	10	7	46	6	57
Accounts payable and accrued expenses	77	125	−33	106	33
Accrued compensation	−28	−12	29	22	7
Income taxes payable	191	597	−7	94	−20
Changes in funded status of retirement plans	−7	33	45	114	62
Other	29	−401	−337	−404	−52
Cash flows from operating activities	7,153	6,318	6,420	8,720	8,756
Capital expenditures	−4,550	−4,820	−5,071	−2,797	−2,462
Proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives	335	0	0	—	—
Proceeds from asset sales	1	195	3	3	75
Purchases of short-term investments	−3,524	−9,716	−12,705	−14,483	−10,124
Proceeds from short-term investments	6,308	11,187	13,387	13,657	8,478
Other	−9	−48	24	37	−62
Cash flows from investing activities	−1,439	−3,202	−4,362	−3,583	−4,095
Proceeds from issuance of long-term debt	1,199	2,980	3,000	1,494	1,495
Repayment of debt	−750	−600	−500	−500	−550
Dividends paid	−4,999	−4,795	−4,557	−4,297	−3,886
Stock repurchases	−1,477	−929	−293	−3,615	−527
Proceeds from common stock transactions	400	517	263	241	377
Other	−62	−53	−57	−41	−46
Cash flows from financing activities	−5,689	−2,880	−2,144	−6,718	−3,137
Net change in cash and cash equivalents	25	236	−86	−1,581	1,524
Investment tax credit (ITC) used to reduce income taxes payable	335	588	0	0	—
Total cash benefit related to the CHIPS Act	670	588	0	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro