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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7429278481,2186473,3292,457
Cash and cash equivalents7429278481,2186473,3292,457
Receivables2,3382,3202,3612,2902,0462,1202,439
Inventory, net of allowances, customer advances and progress billings2,0031,8361,8571,8131,5961,6151,745
Inventory2,0031,8361,8571,8131,5961,6151,745
Disposal group, including discontinued operation  472    
Deferred tax assets   345336
Other undisclosed current assets483471661605486478567
Total current assets:5,5665,5546,1995,9264,7757,8877,544
Noncurrent Assets
Property, plant and equipment3,6593,5743,4973,4003,0522,9203,126
Intangible assets, net (including goodwill)7,4487,3367,3887,4927,3716,3795,924
Goodwill5,8465,7405,6845,6515,4924,8244,595
Intangible assets, net (excluding goodwill)1,6021,5961,7041,8411,8791,5551,329
Deferred costs      83
Deferred income tax assets2,3602,776
Other noncurrent assets9434541,158444287314463
Deferred tax assets, net2,1442,1412,1112,1442,058
Other undisclosed noncurrent assets    12964954
Total noncurrent assets:14,41014,14014,18713,47712,83312,72112,608
TOTAL ASSETS:19,97619,69420,38619,40317,60820,60820,152
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4331,3571,5481,4361,0902,6222,980
Accounts payable1,4331,3571,5481,4361,0901,1431,391
Accrued liabilities     544603
Employee-related liabilities     424539
Taxes payable     198160
Interest and dividends payable     313287
Debt561570963710331500667
Restructuring reserve     6092
Disposal group, including discontinued operation  188    
Deferred revenue and credits75208185179
Deferred tax liabilities   3328
Other liabilities1,4101,6131,7111,6261,4371,7491,717
Other undisclosed current liabilities     (1,572)(1,709)
Total current liabilities:3,4043,5404,4103,8473,0663,5773,954
Noncurrent Liabilities
Long-term debt and lease obligation3,4123,3953,0373,6343,7393,4033,281
Long-term debt, excluding current maturities3,4123,3953,0373,6343,7393,4033,281
Liabilities, other than long-term debt2,3561,9691,8611,8972,0982,1131,890
Deferred tax liabilities, net207236207329240
Deferred income tax liabilities142156
Liability, pension and other postretirement and postemployment benefits1,3651,3671,1021,1601,5021,3271,287
Restructuring reserve 192619272431
Disposal group, including discontinued operation, liabilities  39    
Other liabilities849427487482362433332
Other undisclosed noncurrent liabilities2472202472742201,9302,014
Total noncurrent liabilities:6,0155,5845,1455,8056,0577,4467,185
Total liabilities:9,4199,1249,5559,6529,12311,02311,139
Stockholders' equity
Stockholders' equity attributable to parent10,55710,57010,8319,7518,4859,5859,007
Common stock154154157157168182184
Treasury stock, value(1,389)(1,337)(1,134)(421)(1,624)(1,256)(644)
Additional paid in capital    1,8014,3595,231
Accumulated other comprehensive loss(414)(503)(306)(160)(542)(373)(17)
Retained earnings12,20612,25612,11410,1758,6826,6734,253
Stockholders' equity attributable to noncontrolling interest      6
Total stockholders' equity:10,55710,57010,8319,7518,4859,5859,013
TOTAL LIABILITIES AND EQUITY:19,97619,69420,38619,40317,60820,60820,152

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues13,26913,44813,98813,11312,23812,23313,912
Revenue, net13,98813,11312,23812,23313,912
Cost of revenue
(Cost of Goods and Services Sold)
(8,959)(9,054)(9,243)(8,663)(8,205)(8,146)(9,220)
Gross profit:4,3104,3944,7454,4504,0334,0874,692
Operating expenses(1,648)(1,745)(1,734)(1,738)(1,588)(2,290)(2,632)
Other undisclosed operating loss(697)(671)(680)(665)(543)(48)(15)
Operating income:1,9651,9782,3312,0471,9021,7492,045
Nonoperating income (expense)821(9)(632)(55)67
Other nonoperating income (expense)821(9)(632)(55)63
Interest and debt expense(53)(68)(107)(130)(127)(136)(131)
Income from continuing operations before equity method investments, income taxes:1,9201,9122,2251,9081,1431,5581,981
Other undisclosed income from continuing operations before income taxes20191520191715
Income from continuing operations before income taxes:1,9401,9312,2401,9281,1621,5751,996
Income tax expense (benefit)(354)15344(255)779(337)(207)
Income from continuing operations:1,5861,9462,5841,6731,9411,2381,789
Income (loss) from discontinued operations8(102)(19)10681,182(8)
Net income available to common stockholders, diluted:1,5941,8442,5651,6832,0092,4201,781

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:1,5941,8442,5651,6832,0092,4201,781
Other comprehensive income (loss)(157)(197)(108)382(169)(356)(320)
Comprehensive income, net of tax, attributable to parent:1,4371,6472,4572,0651,8402,0641,461

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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