$TEL
TE Connectivity plc

2024 Q3 Form 10-Q Financial Statement

#000155837024010267 Filed on July 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.068B $3.979B
YoY Change 0.82% -0.48%
Cost Of Revenue $2.685B $2.593B
YoY Change -2.36% -3.93%
Gross Profit $1.383B $1.386B
YoY Change 7.63% 6.7%
Gross Profit Margin 34.0% 34.83%
Selling, General & Admin $433.0M $431.0M
YoY Change 5.1% 0.0%
% of Gross Profit 31.31% 31.1%
Research & Development $195.0M $189.0M
YoY Change 12.07% 7.39%
% of Gross Profit 14.1% 13.64%
Depreciation & Amortization $232.0M $208.0M
YoY Change 16.0% 4.0%
% of Gross Profit 16.78% 15.01%
Operating Expenses $628.0M $620.0M
YoY Change 7.17% 1.97%
Operating Profit $755.0M $766.0M
YoY Change 8.01% 10.85%
Interest Expense $11.00M $2.000M
YoY Change 450.0% -200.0%
% of Operating Profit 1.46% 0.26%
Other Income/Expense, Net -$5.000M -$3.000M
YoY Change 66.67% -25.0%
Pretax Income $657.0M $754.0M
YoY Change 3.63% 20.83%
Income Tax $381.0M $181.0M
% Of Pretax Income 57.99% 24.01%
Net Earnings $276.0M $573.0M
YoY Change -50.0% 8.52%
Net Earnings / Revenue 6.78% 14.4%
Basic Earnings Per Share $1.87
Diluted Earnings Per Share $0.90 $1.86
COMMON SHARES
Basic Shares Outstanding 303.9M 306.2M
Diluted Shares Outstanding 308.0M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.319B $1.469B
YoY Change -20.59% 29.89%
Cash & Equivalents $1.319B $1.469B
Short-Term Investments
Other Short-Term Assets $740.0M $686.0M
YoY Change 3.93% -4.59%
Inventory $2.517B $2.669B
Prepaid Expenses
Receivables $3.055B $2.889B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.631B $7.713B
YoY Change -3.31% 0.84%
LONG-TERM ASSETS
Property, Plant & Equipment $3.903B $3.758B
YoY Change 3.97% -0.61%
Goodwill $5.801B $5.664B
YoY Change 6.19% 2.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.345B $4.586B
YoY Change 424.76% 30.99%
Total Long-Term Assets $15.22B $15.19B
YoY Change 10.15% 8.06%
TOTAL ASSETS
Total Short-Term Assets $7.631B $7.713B
Total Long-Term Assets $15.22B $15.19B
Total Assets $22.85B $22.90B
YoY Change 5.26% 5.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.728B $1.662B
YoY Change 10.56% 2.85%
Accrued Expenses $2.147B $2.206B
YoY Change -3.2% -6.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $871.0M $1.249B
YoY Change 27.71% 329.21%
Total Short-Term Liabilities $4.746B $5.117B
YoY Change 6.34% 20.17%
LONG-TERM LIABILITIES
Long-Term Debt $3.332B $2.953B
YoY Change -5.58% -24.57%
Other Long-Term Liabilities $2.091B $1.887B
YoY Change 165.69% 1.4%
Total Long-Term Liabilities $5.423B $4.840B
YoY Change 25.65% -16.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.746B $5.117B
Total Long-Term Liabilities $5.423B $4.840B
Total Liabilities $10.50B $10.27B
YoY Change 4.39% -0.83%
SHAREHOLDERS EQUITY
Retained Earnings $14.53B $14.25B
YoY Change 12.25% 15.2%
Common Stock $139.0M $139.0M
YoY Change -2.11% -2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.36B $12.63B
YoY Change
Total Liabilities & Shareholders Equity $22.85B $22.90B
YoY Change 5.26% 5.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $276.0M $573.0M
YoY Change -50.0% 8.52%
Depreciation, Depletion And Amortization $232.0M $208.0M
YoY Change 16.0% 4.0%
Cash From Operating Activities $1.042B $1.006B
YoY Change -8.44% 29.14%
INVESTING ACTIVITIES
Capital Expenditures $213.0M $149.0M
YoY Change 9.79% -10.24%
Acquisitions
YoY Change
Other Investing Activities $7.000M $32.00M
YoY Change -800.0% -1166.67%
Cash From Investing Activities -$206.0M -$117.0M
YoY Change 5.64% -30.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -994.0M -591.0M
YoY Change 144.23% 55.53%
NET CHANGE
Cash From Operating Activities 1.042B 1.006B
Cash From Investing Activities -206.0M -117.0M
Cash From Financing Activities -994.0M -591.0M
Net Change In Cash -158.0M 298.0M
YoY Change -129.48% 29.57%
FREE CASH FLOW
Cash From Operating Activities $1.042B $1.006B
Capital Expenditures $213.0M $149.0M
Free Cash Flow $829.0M $857.0M
YoY Change -12.18% 39.8%

Facts In Submission

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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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