Texas Instruments Incorporated
TXNNASDAQ
$282.33
Last price · USD
- Market cap
- $257.8B
- P/E
- 51.8x
- EV / EBITDA
- 32.7x
- P/S
- 14.6x
- FCF yield
- 1.0%
- Div. yield
- 1.94%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Texas Instruments Incorporated cash flow statement
Annual · USD millions except per-share data · 35 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 5,001 | 4,799 | 6,510 | 8,749 | 7,769 | -10.4% | |
| Depreciation & amortization | 1,999 | 1,580 | 1,238 | 979 | 954 | +20.3% | |
| Deferred income tax | (19) | (210) | (299) | (191) | 15 | — | |
| Stock-based compensation | 419 | 387 | 362 | 289 | 230 | +16.2% | |
| Change in working capital | (271) | (111) | (1,099) | (813) | (165) | — | |
| Accounts receivables | (244) | 68 | 108 | (194) | (287) | — | |
| Inventory | (277) | (528) | (1,242) | (847) | 45 | — | |
| Accounts payables | 77 | 125 | (33) | 106 | 33 | +23.6% | |
| Other working capital | 173 | 224 | 68 | 122 | 44 | +40.8% | |
| Other non-cash items | 24 | (127) | (292) | (293) | (47) | — | |
| Net cash from operating activities | 7,153 | 6,318 | 6,420 | 8,720 | 8,756 | -4.9% | |
| Operating cash flow | 7,153 | 6,318 | 6,420 | 8,720 | 8,756 | -4.9% | |
| Investing activities | |||||||
| Investments in PP&E | (4,550) | (4,820) | (5,071) | (2,797) | (2,462) | — | |
| Capital expenditure | (4,550) | (4,820) | (5,071) | (2,797) | (2,462) | — | |
| Acquisitions, net | 0 | 0 | 0 | 3 | 2,462 | — | |
| Purchases of investments | (3,524) | (9,716) | (12,705) | (14,483) | (10,124) | — | |
| Sales / maturities of investments | 6,643 | 11,187 | 13,387 | 13,657 | 8,478 | -5.9% | |
| Other investing activities | (8) | 147 | 27 | 37 | (2,449) | — | |
| Net cash from investing activities | (1,439) | (3,202) | (4,362) | (3,583) | (4,095) | — | |
| Financing activities | |||||||
| Net debt issuance | 449 | 2,380 | 2,500 | 994 | 945 | -17.0% | |
| Long-term net debt issuance | 449 | 2,380 | 2,500 | 994 | 945 | -17.0% | |
| Net stock issuance | (1,077) | (412) | (30) | (3,374) | (150) | — | |
| Common stock issuance | 400 | 517 | 263 | 241 | 377 | +1.5% | |
| Common stock repurchased | (1,477) | (929) | (293) | (3,615) | (527) | — | |
| Net common stock issuance | (1,077) | (412) | (30) | (3,374) | (150) | — | |
| Common dividends paid | (4,999) | (4,795) | (4,557) | (4,297) | (3,886) | — | |
| Net dividends paid | (4,999) | (4,795) | (4,557) | (4,297) | (3,886) | — | |
| Other financing activities | (62) | (53) | (57) | (41) | (46) | — | |
| Net cash from financing activities | (5,689) | (2,880) | (2,144) | (6,718) | (3,137) | — | |
| Cash summary | |||||||
| Net change in cash | 25 | 236 | (86) | (1,581) | 1,524 | -64.2% | |
| Cash at beginning of period | 3,200 | 2,964 | 3,050 | 4,631 | 3,107 | +0.7% | |
| Cash at end of period | 3,225 | 3,200 | 2,964 | 3,050 | 4,631 | -8.6% | |
| Free cash flow | 2,603 | 1,498 | 1,349 | 5,923 | 6,294 | -19.8% | |
| Income taxes paid | 0 | 588 | 0 | 0 | 0 | — | |
| Interest paid | 0 | 473 | 0 | 0 | 0 | — | |