TE Connectivity plc

Listed Company

TELCIK 0001385157NYSELarge AcceleratedWholesale-Electronic Parts & Equipment, NecFY ends Sep 25

Period

FY 2025

Revenue

$17.26B

Net Income

$1.84B

Total Assets

$25.08B

Equity

$12.59B

Shares Out

291.90M

Op. Cash Flow

$4.14B

Business

TE Connectivity plc is a global industrial technology leader that designs, manufactures, and supplies connectivity and sensor solutions to enable distribution of power, signal, and data across transportation, energy, industrial, data center, and related markets. Its primary products and services include terminals and connector systems, sensors, heat shrink tubing, relays, application tooling, wire and cable, interventional medical components, and filters. The company operates through two reportable segments—Transportation Solutions and Industrial Solutions—serving automotive, commercial transportation, sensors, digital data networks, automation, aerospace/defense/marine, energy, and medical end markets. TE Connectivity sells into approximately 130 countries through direct sales and third‑party distributors, supported by global manufacturing and distribution centers across Asia–Pacific, EMEA, and the Americas.

Summary from filing dated 2025-11-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	17,262	15,845	16,034	16,281	14,923
Cost of sales	11,183	10,389	10,979	11,037	10,036
Gross margin	6,079	5,456	5,055	5,244	4,887
Selling, general, and administrative expenses	1,866	1,732	1,670	1,584	1,512
Research, development, and engineering expenses	829	741	708	718	677
Acquisition and integration costs	47	21	33	45	31
Restructuring and other charges, net	126	166	340	141	233
Operating income	3,211	2,796	2,304	2,756	2,434
Interest income	83	87	60	15	17
Interest expense	−77	−70	−80	−66	—
Other expense, net	−13	−16	−16	28	−17
Income from continuing operations before income taxes	3,204	2,797	2,268	2,733	2,378
Income tax (expense) benefit	−1,361	397	−364	−306	−123
Income from continuing operations	1,843	3,194	1,904	2,427	—
Income (loss) from discontinued operations, net of income taxes	−1	−1	6	1	6
Net income	1,842	3,193	1,910	2,428	2,261
Income from continuing operations (in dollars per share)	6.21	10.4	6.04	7.51	6.83
Income (loss) from discontinued operations (in dollars per share)	—	—	0.02	—	0.02
Net income (in dollars per share)	6.2	10.4	6.06	7.52	6.85
Income from continuing operations (in dollars per share)	6.16	10.34	6.01	7.47	6.77
Income (loss) from discontinued operations (in dollars per share)	—	—	0.02	—	0.02
Net income (in dollars per share)	6.16	10.33	6.03	7.47	6.79
Basic (in shares)	297	307	315	323	330
Diluted (in shares)	299	309	317	325	333

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	1,255	1,319	1,661	1,088	1,203
Accounts receivable, net of allowance for doubtful accounts of $44 and $32, respectively	3,403	3,055	2,967	2,865	2,928
Inventories	2,699	2,517	2,552	2,676	2,511
Prepaid expenses and other current assets	609	740	712	639	621
Total current assets	7,966	7,631	7,892	7,268	7,263
Property, plant, and equipment, net	4,312	3,903	3,754	3,567	3,778
Goodwill	7,126	5,801	5,463	5,258	5,590
Intangible assets, net	2,227	1,174	1,175	1,288	1,549
Deferred income taxes	2,507	3,497	2,600	2,498	2,499
Other assets	943	848	828	903	783
Total assets	25,081	22,854	21,712	20,782	21,462
Short-term debt	852	871	682	914	503
Accounts payable	2,021	1,728	1,563	1,593	1,911
Accrued and other current liabilities	2,247	2,147	2,218	2,125	2,242
Total current liabilities	5,120	4,746	4,463	4,632	4,656
Long-term debt	4,842	3,332	3,529	3,292	3,589
Long-term pension and postretirement liabilities	767	810	728	695	1,139
Deferred income taxes	198	199	185	244	181
Income taxes	414	411	365	304	302
Other liabilities	1,010	870	787	718	847
Total liabilities	12,351	10,368	10,057	9,885	10,714
Commitments and contingencies (Note 12)	—	—	—	—	—
Redeemable noncontrolling interests	145	131	104	95	114
Preferred shares, $1.00 par value, 2 shares authorized, none outstanding as of September 26, 2025	—	—	—	—	—
Ordinary/Common shares	3	139	142	146	148
Accumulated earnings	13,932	14,533	12,947	12,832	11,709
Ordinary shares and common shares held in treasury, at cost, 8,330,931 and 16,656,681 shares, respectively	−1,356	−2,322	−1,380	−1,681	−1,055
Accumulated other comprehensive income	6	5	−158	−495	−168
Total shareholders' equity	12,585	12,355	11,551	10,802	10,634
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	25,081	22,854	21,712	20,782	21,462

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	838	826	794	785	769
Deferred income taxes	938	−789	−77	−147	−354
Non-cash lease cost	145	134	129	131	120
Provision for losses on accounts receivable and inventories	58	57	76	70	46
Share-based compensation expense	149	127	123	119	94
Impairment of held for sale businesses	—	—	74	14	—
Other	80	71	101	9	−77
Accounts receivable, net	−341	−134	−146	200	−518
Inventories	−160	−30	−45	−41	−556
Prepaid expenses and other current assets	91	25	17	50	−19
Accounts payable	290	159	−1	−396	560
Accrued and other current liabilities	−35	−165	21	−398	173
Income taxes	147	−83	17	32	106
Other	96	85	145	−387	61
Net cash provided by operating activities	4,139	3,477	3,132	2,468	2,676
Capital expenditures	−936	−680	−732	−768	−690
Proceeds from sale of property, plant, and equipment	11	16	4	106	86
Acquisition of businesses, net of cash acquired	−2,628	−339	−110	−220	−423
Proceeds from divestiture of business, net of cash retained by business sold	—	59	48	16	−4
Other	−15	−6	22	−12	−6
Net cash used in investing activities	−3,568	−950	−768	−878	−1,037
Net decrease in commercial paper	−255	−75	−40	370	—
Proceeds from issuance of debt	2,231	348	499	588	661
Repayment of debt	−580	−352	−591	−558	−708
Proceeds from exercise of share options	182	89	43	54	167
Repurchase of ordinary/common shares	−1,347	−2,062	−945	−1,412	−831
Payment of ordinary/common share dividends to shareholders	−803	−760	−725	−685	−647
Other	−57	−57	−34	−41	−28
Net cash used in financing activities	−629	−2,869	−1,793	−1,684	−1,386
Effect of currency translation on cash	−6	—	2	−21	5
Net increase (decrease) in cash, cash equivalents, and restricted cash	−64	−342	573	−115	258
Interest paid on debt, net	34	64	75	58	58
Income taxes paid, net of refunds	276	475	425	421	371

Filings

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