$TEL
TE Connectivity plc

2021 Q3 Form 10-Q Financial Statement

#000155837021009561 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $3.818B $3.845B $2.548B
YoY Change 17.08% 50.9% -24.82%
Cost Of Revenue $2.555B $2.577B $1.841B
YoY Change 11.47% 39.98% -19.22%
Gross Profit $1.263B $1.268B $707.0M
YoY Change 30.34% 79.35% -36.31%
Gross Profit Margin 33.08% 32.98% 27.75%
Selling, General & Admin $384.0M $366.0M $321.0M
YoY Change 9.09% 14.02% -9.83%
% of Gross Profit 30.4% 28.86% 45.4%
Research & Development $173.0M $168.0M $146.0M
YoY Change 16.89% 15.07% -7.59%
% of Gross Profit 13.7% 13.25% 20.65%
Depreciation & Amortization $179.0M $210.0M $176.0M
YoY Change -1.1% 19.32% 1.15%
% of Gross Profit 14.17% 16.56% 24.89%
Operating Expenses $557.0M $366.0M $321.0M
YoY Change 11.4% 14.02% -9.83%
Operating Profit $706.0M $714.0M $134.0M
YoY Change 50.53% 432.84% -74.23%
Interest Expense -$11.00M $14.00M $13.00M
YoY Change 10.0% 7.69% 0.0%
% of Operating Profit -1.56% 1.96% 9.7%
Other Income/Expense, Net -$22.00M $2.000M $4.000M
YoY Change -50.0% 100.0%
Pretax Income $627.0M $705.0M $127.0M
YoY Change 86.05% 455.12% -75.24%
Income Tax -$167.0M $124.0M $185.0M
% Of Pretax Income -26.63% 17.59% 145.67%
Net Earnings $794.0M $580.0M -$41.00M
YoY Change 245.22% -1514.63% -105.42%
Net Earnings / Revenue 20.8% 15.08% -1.61%
Basic Earnings Per Share $1.76 -$0.12
Diluted Earnings Per Share $2.384M $1.74 -$0.12
COMMON SHARES
Basic Shares Outstanding 328.0M 330.0M 330.0M
Diluted Shares Outstanding 333.0M 330.0M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.203B $1.416B $474.0M
YoY Change 27.3% 198.73% -13.19%
Cash & Equivalents $1.203B $1.416B $474.0M
Short-Term Investments
Other Short-Term Assets $621.0M $601.0M $472.0M
YoY Change 21.29% 27.33% 4.42%
Inventory $2.511B $2.392B $2.227B
Prepaid Expenses
Receivables $2.928B $2.985B $2.146B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.263B $7.394B $5.319B
YoY Change 25.57% 39.01% -1.9%
LONG-TERM ASSETS
Property, Plant & Equipment $3.778B $3.723B $3.598B
YoY Change 3.51% 3.47% -1.05%
Goodwill $5.590B $5.401B $5.143B
YoY Change 7.01% 5.02% -11.33%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $783.0M $800.0M $882.0M
YoY Change -3.69% -9.3% 131.5%
Total Long-Term Assets $14.20B $13.66B $13.52B
YoY Change 5.51% 1.06% -5.62%
TOTAL ASSETS
Total Short-Term Assets $7.263B $7.394B $5.319B
Total Long-Term Assets $14.20B $13.66B $13.52B
Total Assets $21.46B $21.06B $18.84B
YoY Change 11.54% 11.77% -4.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.911B $1.938B $1.271B
YoY Change 49.76% 52.48% -11.61%
Accrued Expenses $2.242B $2.219B $1.765B
YoY Change 30.35% 25.72% 6.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $503.0M $505.0M $691.0M
YoY Change -27.52% -26.92% 14.78%
Total Short-Term Liabilities $4.656B $4.662B $3.727B
YoY Change 26.18% 25.09% 0.89%
LONG-TERM LIABILITIES
Long-Term Debt $3.589B $3.629B $3.395B
YoY Change 3.97% 6.89% -1.14%
Other Long-Term Liabilities $847.0M $852.0M $803.0M
YoY Change -3.09% 6.1% 74.19%
Total Long-Term Liabilities $4.436B $4.481B $4.198B
YoY Change 2.54% 6.74% 7.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.656B $4.662B $3.727B
Total Long-Term Liabilities $4.436B $4.481B $4.198B
Total Liabilities $10.71B $10.90B $9.696B
YoY Change 9.92% 12.38% 6.25%
SHAREHOLDERS EQUITY
Retained Earnings $11.71B $10.89B $10.13B
YoY Change 13.15% 7.58% -14.87%
Common Stock $148.0M $148.0M $149.0M
YoY Change -0.67% -0.67% -3.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.055B $778.0M $729.0M
YoY Change 57.7% 6.72% -40.44%
Treasury Stock Shares $9.061M $7.519M $8.961M
Shareholders Equity $10.63B $10.05B $9.036B
YoY Change
Total Liabilities & Shareholders Equity $21.46B $21.06B $18.84B
YoY Change 11.54% 11.77% -4.6%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $794.0M $580.0M -$41.00M
YoY Change 245.22% -1514.63% -105.42%
Depreciation, Depletion And Amortization $179.0M $210.0M $176.0M
YoY Change -1.1% 19.32% 1.15%
Cash From Operating Activities $774.0M $682.0M $380.0M
YoY Change 7.5% 79.47% -45.01%
INVESTING ACTIVITIES
Capital Expenditures -$236.0M -$170.0M -$130.0M
YoY Change 95.04% 30.77% -23.08%
Acquisitions
YoY Change
Other Investing Activities -$304.0M -$4.000M $49.00M
YoY Change -7700.0% -108.16% -117.19%
Cash From Investing Activities -$540.0M -$174.0M -$81.00M
YoY Change 361.54% 114.81% -82.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -443.0M -842.0M -625.0M
YoY Change 228.15% 34.72% 143.19%
NET CHANGE
Cash From Operating Activities 774.0M 682.0M 380.0M
Cash From Investing Activities -540.0M -174.0M -81.00M
Cash From Financing Activities -443.0M -842.0M -625.0M
Net Change In Cash -209.0M -334.0M -326.0M
YoY Change -144.66% 2.45% 1530.0%
FREE CASH FLOW
Cash From Operating Activities $774.0M $682.0M $380.0M
Capital Expenditures -$236.0M -$170.0M -$130.0M
Free Cash Flow $1.010B $852.0M $510.0M
YoY Change 20.1% 67.06% -40.7%

Facts In Submission

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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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CY2020Q3 us-gaap Common Stock Shares Issued
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dei Document Type
DocumentType
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