Texas Instruments (TXN) FY2022 results: revenue $20.0 billion, up 9.2% on the year
Texas Instruments Inc. (TXN) reported revenue of $20.0 billion for fiscal 2022, the year ended 31 December 2022, up 9.2% on the year before. Net income was $8.7 billion, up 12.6%, and diluted earnings per share $9.41. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2023.
Revenue
$20.0 billion
+9.2% on the year
FY2015FY2022
Operating margin
50.6%
48.8% a year earlier
FY2015FY2022
Net income
$8.7 billion
+12.6% on the year
FY2015FY2022
Diluted EPS
$9.41
+13.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,720
8,756
6,139
-0.4%
Capital expenditure
2,797
2,462
649
+13.6%
Free cash flow
5,923
6,294
5,490
-5.9%
Free cash flow margin
29.6%
34.3%
38.0%
Cash from investing
-3,583
-4,095
-922
Cash from financing
-6,718
-3,137
-4,547
Depreciation and amortisation
925
897
931
+3.1%
Share-based compensation
289
230
224
+25.7%
Buybacks
3,615
527
2,553
+586.0%
Dividends paid
4,297
3,886
3,426
+10.6%
Dividend per share
$4.69
$4.21
$3.72
+11.4%
Diluted shares, weighted
926m
936m
933m
-1.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
14,577
13,333
9,187
+9.3%
Debt
8,735
7,741
6,798
+12.8%
Operating lease liabilities
344
383
249
-10.2%
Other liabilities
3,551
3,219
3,117
+10.3%
Total liabilities and equity
27,207
24,676
19,351
+10.3%
Fixed assets
6,876
5,141
3,269
+33.7%
Goodwill
4,362
4,362
4,362
0.0%
Intangible assets
n/a
n/a
152
Investments
6,051
5,170
3,510
+17.0%
Cash and equivalents
3,050
4,631
3,107
-34.1%
Receivables
1,895
1,701
1,414
+11.4%
Inventory
2,757
1,910
1,955
+44.3%
Other assets
2,216
1,761
1,582
+25.8%
Total assets
27,207
24,676
19,351
+10.3%
10-K for the year ended 31 December 2022, filed 3 February 2023: the filing.