TE Connectivity Ltd. (TEL) financial statements (2023 and earlier)

Company profile

Business Address MUHLENSTRASSE 26
SCHAFFHAUSEN, CH-8200
State of Incorp.
Fiscal Year End September 30
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9821,2039459278481,218647
Cash and cash equivalents9821,2039459278481,218647
Receivables2,8442,9282,3772,3202,3612,2902,046
Inventory, net of allowances, customer advances and progress billings2,8452,5111,9501,8361,8571,8131,596
Inventory2,8452,5111,9501,8361,8571,8131,596
Disposal group, including discontinued operation    472  
Other undisclosed current assets573621512471661605486
Total current assets:7,2447,2635,7845,5546,1995,9264,775
Noncurrent Assets
Property, plant and equipment3,8273,7783,6503,5743,4973,4003,052
Intangible assets, net (including goodwill)7,0127,1396,8177,3367,3887,4927,371
Goodwill5,5035,5905,2245,7405,6845,6515,492
Intangible assets, net (excluding goodwill)1,5091,5491,5931,5961,7041,8411,879
Deferred income tax assets2,5132,4992,1782,776
Other noncurrent assets8137838134541,158444287
Deferred tax assets, net2,1442,1412,111
Other undisclosed noncurrent assets      12
Total noncurrent assets:14,16514,19913,45814,14014,18713,47712,833
TOTAL ASSETS:21,40921,46219,24219,69420,38619,40317,608
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9641,9111,2761,3571,5481,4361,090
Accounts payable1,9641,9111,2761,3571,5481,4361,090
Debt484503694570963710331
Disposal group, including discontinued operation    188  
Deferred revenue and credits75208
Other liabilities1,8262,2421,7201,6131,7111,6261,437
Total current liabilities:4,2744,6563,6903,5404,4103,8473,066
Noncurrent Liabilities
Long-term debt and lease obligation3,5193,5893,4523,3953,0373,6343,739
Long-term debt, excluding current maturities3,5193,5893,4523,3953,0373,6343,739
Liabilities, other than long-term debt2,2122,1672,3531,9691,8611,8972,098
Deferred tax liabilities, net207236207
Deferred income tax liabilities192181143156
Liability, pension and other postretirement and postemployment benefits1,1191,1391,3361,3671,1021,1601,502
Restructuring reserve55  19261927
Disposal group, including discontinued operation, liabilities    39  
Other liabilities846847874427487482362
Other undisclosed noncurrent liabilities276302252220247274220
Total noncurrent liabilities:6,0076,0586,0575,5845,1455,8056,057
Total liabilities:10,28110,7149,7479,1249,5559,6529,123
Temporary equity, carrying amount108114112    
Stockholders' equity
Stockholders' equity attributable to parent11,02010,6349,38310,57010,8319,7518,485
Common stock148148149154157157168
Treasury stock, value(1,274)(1,055)(669)(1,337)(1,134)(421)(1,624)
Additional paid in capital      1,801
Accumulated other comprehensive loss(139)(168)(445)(503)(306)(160)(542)
Retained earnings12,28511,70910,34812,25612,11410,1758,682
Total stockholders' equity:11,02010,6349,38310,57010,8319,7518,485
TOTAL LIABILITIES AND EQUITY:21,40921,46219,24219,69420,38619,40317,608

Income statement (P&L) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues15,21914,92312,17213,44813,98813,11312,238
Revenue, net13,98813,11312,238
Cost of revenue
(Cost of Goods and Services Sold)
(10,248)(10,036)(8,437)(9,054)(9,243)(8,663)(8,205)
Gross profit:4,9714,8873,7354,3944,7454,4504,033
Operating expenses(1,594)(1,720)(2,549)(1,745)(1,734)(1,738)(1,588)
Other undisclosed operating loss(719)(733)(649)(671)(680)(665)(543)
Operating income:2,6582,4345371,9782,3312,0471,902
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(17)2021(9)(632)
Interest and debt expense(53)(56)(48)(68)(107)(130)(127)
Income from continuing operations before equity method investments, income taxes:2,6042,3615091,9122,2251,9081,143
Other undisclosed income from continuing operations before income taxes16171519152019
Income from continuing operations before income taxes:2,6202,3785241,9312,2401,9281,162
Income tax expense (benefit)(173)(123)(783)15344(255)779
Income (loss) from continuing operations:2,4472,255(259)1,9462,5841,6731,941
Income (loss) from discontinued operations(1)618(102)(19)1068
Net income (loss) available to common stockholders, diluted:2,4462,261(241)1,8442,5651,6832,009

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):2,4462,261(241)1,8442,5651,6832,009
Other comprehensive income (loss)15627963(197)(108)382(169)
Comprehensive income (loss):2,6022,540(178)1,6472,4572,0651,840
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(2)(5)    
Comprehensive income (loss), net of tax, attributable to parent:2,6122,538(183)1,6472,4572,0651,840

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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