TE Connectivity Ltd. (TEL) financial statements (2021 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)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,098 | 945 | 927 | 848 | 1,218 | 647 | 3,329 | ||
| Cash and cash equivalents | 1,098 | 945 | 927 | 848 | 1,218 | 647 | 3,329 | ||
| Receivables | 2,640 | 2,377 | 2,320 | 2,361 | 2,290 | 2,046 | 2,120 | ||
| Inventory, net of allowances, customer advances and progress billings | 2,066 | 1,950 | 1,836 | 1,857 | 1,813 | 1,596 | 1,615 | ||
| Inventory | 2,066 | 1,950 | 1,836 | 1,857 | 1,813 | 1,596 | 1,615 | ||
| Disposal group, including discontinued operation | 472 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | 345 | |||||
| Other undisclosed current assets | 677 | 512 | 471 | 661 | 605 | 486 | 478 | ||
| Total current assets: | 6,481 | 5,784 | 5,554 | 6,199 | 5,926 | 4,775 | 7,887 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,768 | 3,650 | 3,574 | 3,497 | 3,400 | 3,052 | 2,920 | ||
| Intangible assets, net (including goodwill) | 7,000 | 6,817 | 7,336 | 7,388 | 7,492 | 7,371 | 6,379 | ||
| Goodwill | 5,387 | 5,224 | 5,740 | 5,684 | 5,651 | 5,492 | 4,824 | ||
| Intangible assets, net (excluding goodwill) | 1,613 | 1,593 | 1,596 | 1,704 | 1,841 | 1,879 | 1,555 | ||
| Deferred income tax assets | 2,198 | 2,178 | 2,776 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 819 | 813 | 454 | 1,158 | 444 | 287 | 314 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 2,144 | 2,141 | 2,111 | 2,144 | ||
| Other undisclosed noncurrent assets | 12 | 964 | |||||||
| Total noncurrent assets: | 13,785 | 13,458 | 14,140 | 14,187 | 13,477 | 12,833 | 12,721 | ||
| TOTAL ASSETS: | 20,266 | 19,242 | 19,694 | 20,386 | 19,403 | 17,608 | 20,608 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,629 | 1,276 | 1,357 | 1,548 | 1,436 | 1,090 | 2,622 | ||
| Accounts payable | 1,629 | 1,276 | 1,357 | 1,548 | 1,436 | 1,090 | 1,143 | ||
| Accrued liabilities | 544 | ||||||||
| Employee-related liabilities | 424 | ||||||||
| Taxes payable | 198 | ||||||||
| Interest and dividends payable | 313 | ||||||||
| Debt | 685 | 694 | 570 | 963 | 710 | 331 | 500 | ||
| Restructuring reserve | 60 | ||||||||
| Disposal group, including discontinued operation | 188 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 75 | 208 | 185 | ||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 33 | |||||
| Other liabilities | 1,769 | 1,720 | 1,613 | 1,711 | 1,626 | 1,437 | 1,749 | ||
| Other undisclosed current liabilities | (1,572) | ||||||||
| Total current liabilities: | 4,083 | 3,690 | 3,540 | 4,410 | 3,847 | 3,066 | 3,577 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,516 | 3,452 | 3,395 | 3,037 | 3,634 | 3,739 | 3,403 | ||
| Long-term debt, excluding current maturities | 3,516 | 3,452 | 3,395 | 3,037 | 3,634 | 3,739 | 3,403 | ||
| Liabilities, other than long-term debt | 2,461 | 2,353 | 1,969 | 1,861 | 1,897 | 2,098 | 2,113 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 207 | 236 | 207 | 329 | ||
| Deferred income tax liabilities | 144 | 143 | 156 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 1,329 | 1,336 | 1,367 | 1,102 | 1,160 | 1,502 | 1,327 | ||
| Restructuring reserve | 39 | 19 | 26 | 19 | 27 | 24 | |||
| Disposal group, including discontinued operation, liabilities | 39 | ||||||||
| Other liabilities | 949 | 874 | 427 | 487 | 482 | 362 | 433 | ||
| Other undisclosed noncurrent liabilities | 227 | 252 | 220 | 247 | 274 | 220 | 1,930 | ||
| Total noncurrent liabilities: | 6,204 | 6,057 | 5,584 | 5,145 | 5,805 | 6,057 | 7,446 | ||
| Total liabilities: | 10,287 | 9,747 | 9,124 | 9,555 | 9,652 | 9,123 | 11,023 | ||
| Temporary equity, carrying amount | 118 | 112 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 9,861 | 9,383 | 10,570 | 10,831 | 9,751 | 8,485 | 9,585 | ||
| Common stock | 149 | 149 | 154 | 157 | 157 | 168 | 182 | ||
| Treasury stock, value | (655) | (669) | (1,337) | (1,134) | (421) | (1,624) | (1,256) | ||
| Additional paid in capital | 1,801 | 4,359 | |||||||
| Accumulated other comprehensive loss | (305) | (445) | (503) | (306) | (160) | (542) | (373) | ||
| Retained earnings | 10,672 | 10,348 | 12,256 | 12,114 | 10,175 | 8,682 | 6,673 | ||
| Total stockholders' equity: | 9,861 | 9,383 | 10,570 | 10,831 | 9,751 | 8,485 | 9,585 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,266 | 19,242 | 19,694 | 20,386 | 19,403 | 17,608 | 20,608 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,526 | 12,172 | 13,448 | 13,988 | 13,113 | 12,238 | 12,233 | |
| Revenue, net | ✕ | ✕ | ✕ | 13,988 | 13,113 | 12,238 | 12,233 | |
| Cost of revenue (Cost of Goods and Services Sold) | (8,675) | (8,437) | (9,054) | (9,243) | (8,663) | (8,205) | (8,146) | |
| Gross profit: | 3,851 | 3,735 | 4,394 | 4,745 | 4,450 | 4,033 | 4,087 | |
| Operating expenses | (2,692) | (2,549) | (1,745) | (1,734) | (1,738) | (1,588) | (2,290) | |
| Other undisclosed operating loss | (645) | (649) | (671) | (680) | (665) | (543) | (48) | |
| Operating income: | 514 | 537 | 1,978 | 2,331 | 2,047 | 1,902 | 1,749 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 14 | 20 | 2 | 1 | (9) | (632) | (55) | |
| Interest and debt expense | (51) | (48) | (68) | (107) | (130) | (127) | (136) | |
| Income from continuing operations before equity method investments, income taxes: | 477 | 509 | 1,912 | 2,225 | 1,908 | 1,143 | 1,558 | |
| Other undisclosed income from continuing operations before income taxes | 12 | 15 | 19 | 15 | 20 | 19 | 17 | |
| Income from continuing operations before income taxes: | 489 | 524 | 1,931 | 2,240 | 1,928 | 1,162 | 1,575 | |
| Income tax expense (benefit) | (396) | (783) | 15 | 344 | (255) | 779 | (337) | |
| Income (loss) from continuing operations: | 93 | (259) | 1,946 | 2,584 | 1,673 | 1,941 | 1,238 | |
| Income (loss) from discontinued operations | 21 | 18 | (102) | (19) | 10 | 68 | 1,182 | |
| Net income (loss) available to common stockholders, diluted: | 114 | (241) | 1,844 | 2,565 | 1,683 | 2,009 | 2,420 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 114 | (241) | 1,844 | 2,565 | 1,683 | 2,009 | 2,420 | |
| Other comprehensive income (loss) | 120 | 63 | (197) | (108) | 382 | (169) | (356) | |
| Comprehensive income (loss): | 234 | (178) | 1,647 | 2,457 | 2,065 | 1,840 | 2,064 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (11) | (5) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 223 | (183) | 1,647 | 2,457 | 2,065 | 1,840 | 2,064 | |
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.