$TEL
TE Connectivity plc

2024 Q1 Form 10-Q Financial Statement

#000155837024000581 Filed on January 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q3
Revenue $3.967B $3.831B $4.035B
YoY Change -4.64% -0.26% -7.43%
Cost Of Revenue $2.604B $2.507B $2.750B
YoY Change -9.46% -5.54% -8.64%
Gross Profit $1.363B $1.324B $1.285B
YoY Change 6.15% 11.54% -4.74%
Gross Profit Margin 34.36% 34.56% 31.85%
Selling, General & Admin $444.0M $424.0M $412.0M
YoY Change 2.07% 8.16% 0.0%
% of Gross Profit 32.58% 32.02% 32.06%
Research & Development $184.0M $173.0M $174.0M
YoY Change -0.54% 0.0% -2.79%
% of Gross Profit 13.5% 13.07% 13.54%
Depreciation & Amortization $192.0M $194.0M $200.0M
YoY Change -7.25% 3.74% 6.38%
% of Gross Profit 14.09% 14.65% 15.56%
Operating Expenses $628.0M $424.0M $586.0M
YoY Change 44.37% 8.16% -0.85%
Operating Profit $735.0M $698.0M $699.0M
YoY Change 36.87% 39.04% -7.78%
Interest Expense $0.00 $18.00M $2.000M
YoY Change -100.0% -14.29% -116.67%
% of Operating Profit 0.0% 2.58% 0.29%
Other Income/Expense, Net -$5.000M -$3.000M -$3.000M
YoY Change 25.0% -40.0% -175.0%
Pretax Income $687.0M $699.0M $634.0M
YoY Change 30.86% 44.12% -2.76%
Income Tax $146.0M -$1.105B $81.00M
% Of Pretax Income 21.25% -158.08% 12.78%
Net Earnings $541.0M $1.803B $552.0M
YoY Change 24.94% 354.16% -22.03%
Net Earnings / Revenue 13.64% 47.06% 13.68%
Basic Earnings Per Share $1.76 $5.80
Diluted Earnings Per Share $1.75 $5.76 $1.75
COMMON SHARES
Basic Shares Outstanding 308.8M 310.8M 313.9M
Diluted Shares Outstanding 310.0M 313.0M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.176B $1.170B $1.661B
YoY Change 29.94% 47.54% 52.67%
Cash & Equivalents $1.176B $1.170B $1.661B
Short-Term Investments
Other Short-Term Assets $710.0M $660.0M $712.0M
YoY Change 5.19% -4.07% 11.42%
Inventory $2.744B $2.783B $2.552B
Prepaid Expenses
Receivables $2.874B $2.828B $2.967B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.504B $7.441B $7.892B
YoY Change 0.87% 1.68% 8.59%
LONG-TERM ASSETS
Property, Plant & Equipment $3.799B $3.854B $3.754B
YoY Change -0.5% 1.93% 5.24%
Goodwill $5.678B $5.836B $5.463B
YoY Change 2.73% 5.9% 3.9%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.623B $810.0M $828.0M
YoY Change 488.17% 1.89% -75.65%
Total Long-Term Assets $15.32B $15.63B $13.82B
YoY Change 9.03% 11.36% 2.26%
TOTAL ASSETS
Total Short-Term Assets $7.504B $7.441B $7.892B
Total Long-Term Assets $15.32B $15.63B $13.82B
Total Assets $22.82B $23.07B $21.71B
YoY Change 6.21% 8.05% 4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.598B $1.690B $1.563B
YoY Change -4.77% -3.48% -1.88%
Accrued Expenses $2.324B $1.699B $2.218B
YoY Change -4.32% -8.11% 4.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.235B $613.0M $682.0M
YoY Change 331.82% -25.24% -25.38%
Total Short-Term Liabilities $5.163B $4.011B $4.463B
YoY Change 17.53% -9.25% -3.65%
LONG-TERM LIABILITIES
Long-Term Debt $2.961B $3.585B $3.529B
YoY Change -24.39% 5.5% 7.2%
Other Long-Term Liabilities $1.954B $914.0M $787.0M
YoY Change 149.87% 15.4% -54.16%
Total Long-Term Liabilities $4.915B $4.499B $4.316B
YoY Change 4.62% 7.37% -13.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.163B $4.011B $4.463B
Total Long-Term Liabilities $4.915B $4.499B $4.316B
Total Liabilities $10.38B $9.822B $10.06B
YoY Change 0.11% -0.64% 0.77%
SHAREHOLDERS EQUITY
Retained Earnings $13.69B $14.68B $12.95B
YoY Change 15.77% 11.2% 0.9%
Common Stock $139.0M $142.0M $142.0M
YoY Change -2.11% -2.74% -2.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.45B $13.14B $11.55B
YoY Change
Total Liabilities & Shareholders Equity $22.82B $23.07B $21.71B
YoY Change 6.21% 8.05% 4.48%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $541.0M $1.803B $552.0M
YoY Change 24.94% 354.16% -22.03%
Depreciation, Depletion And Amortization $192.0M $194.0M $200.0M
YoY Change -7.25% 3.74% 6.38%
Cash From Operating Activities $710.0M $719.0M $1.138B
YoY Change 11.99% 23.75% 20.55%
INVESTING ACTIVITIES
Capital Expenditures $167.0M $151.0M $194.0M
YoY Change -11.64% -17.49% -191.51%
Acquisitions $349.0M
YoY Change 220.18%
Other Investing Activities $8.000M $8.000M -$1.000M
YoY Change -84.0% -130.77% -98.98%
Cash From Investing Activities -$159.0M -$468.0M -$195.0M
YoY Change 14.39% 76.6% -37.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -539.0M -745.0M -407.0M
YoY Change 40.0% 19.97% 14.97%
NET CHANGE
Cash From Operating Activities 710.0M 719.0M 1.138B
Cash From Investing Activities -159.0M -468.0M -195.0M
Cash From Financing Activities -539.0M -745.0M -407.0M
Net Change In Cash 12.00M -491.0M 536.0M
YoY Change -89.09% 66.44% 91.43%
FREE CASH FLOW
Cash From Operating Activities $710.0M $719.0M $1.138B
Capital Expenditures $167.0M $151.0M $194.0M
Free Cash Flow $543.0M $568.0M $944.0M
YoY Change 22.02% 42.71% -18.34%

Facts In Submission

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