TE Connectivity Ltd. (TEL) Financial Statements (2024 and earlier)

Company Profile

Business Address MUHLENSTRASSE 26
SCHAFFHAUSEN, CH-8200
State of Incorp.
Fiscal Year End September 30
Industry (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)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1319057931,088820749
Cash and cash equivalents1,1319057931,088820749
Receivables2,9983,0482,9102,8653,1323,068
Inventory, net of allowances, customer advances and progress billings2,8012,8112,9272,6763,0282,999
Inventory2,8012,8112,9272,6763,0282,999
Other undisclosed current assets719675688639603601
Total current assets:7,6497,4397,3187,2687,5837,417
Noncurrent Assets
Property, plant and equipment3,7813,8183,7813,5673,7123,817
Intangible assets, net (including goodwill)6,7706,8136,8686,5466,7076,904
Goodwill5,5285,5275,5115,2585,3525,463
Intangible assets, net (excluding goodwill)1,2421,2861,3571,2881,3551,441
Deferred income tax assets2,6802,6342,5912,4982,4782,466
Other noncurrent assets821786795903868847
Total noncurrent assets:14,05214,05114,03513,51413,76514,034
TOTAL ASSETS:21,70121,49021,35320,78221,34821,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6161,6781,7511,5931,9171,986
Accounts payable1,6161,6781,7511,5931,9171,986
Debt291286820914822610
Other liabilities2,3512,4291,8492,1252,3192,450
Total current liabilities:4,2584,3934,4204,6325,0585,046
Noncurrent Liabilities
Long-term debt and lease obligation3,9153,9163,3983,2923,3803,441
Long-term debt, excluding current maturities3,9153,9163,3983,2923,3803,441
Liabilities, other than long-term debt1,7771,7741,7881,6572,1042,152
Deferred income tax liabilities211216228244186185
Liability, pension and other postretirement and postemployment benefits7357317286951,0941,103
Restructuring reserve404540 5355
Other liabilities791782792718771809
Operating lease, liability      
Other undisclosed noncurrent liabilities295281279304269263
Total noncurrent liabilities:5,9875,9715,4655,2535,7535,856
Total liabilities:10,24510,3649,8859,88510,81110,902
Temporary equity, carrying amount10710610495103107
Equity
Equity, attributable to parent11,34911,02011,36410,80210,43410,442
Common stock142142146146146148
Treasury stock, value(1,085)(933)(1,854)(1,681)(1,370)(1,769)
Accumulated other comprehensive loss(80)(13)(128)(495)(426)(97)
Retained earnings12,37211,82413,20012,83212,08412,160
Total equity:11,34911,02011,36410,80210,43410,442
TOTAL LIABILITIES AND EQUITY:21,70121,49021,35320,78221,34821,451

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues3,9984,1603,8414,3594,0974,007
Cost of revenue
(Cost of Goods and Services Sold)
(2,699)(2,876)(2,654)(3,010)(2,769)(2,670)
Gross profit:1,2991,2841,1871,3491,3281,337
Operating expenses(473)(497)(496)(480)(419)(438)
Other undisclosed operating loss(196)(250)(189)(209)(190)(194)
Operating income:630537502660719705
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)(4)(5)445
Interest and debt expense(20)(20)(21)(18)(18)(18)
Income from continuing operations before equity method investments, income taxes:606513476646705692
Other undisclosed income from continuing operations before income taxes18129634
Income from continuing operations before income taxes:624525485652708696
Income tax expense (benefit)(96)(100)(87)56(116)(136)
Income from continuing operations:528425398708592560
Income before gain (loss) on sale of properties:708594560
Income (loss) from discontinued operations 8(1) 2 
Net income available to common stockholders, diluted:528433397708594560

Comprehensive Income ($ in millions)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income:528433397708594560
Other comprehensive income (loss)(66)117376(77)(333)41
Comprehensive income:462550773631261601
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(2)(9)841
Comprehensive income, net of tax, attributable to parent:461548764639265602

Statements Sources

The financial statements are based on the Company's filings with 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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