Texas Instruments (TXN) FY2024 results: revenue $15.6 billion, down 10.7% on the year
Texas Instruments Inc. (TXN) reported revenue of $15.6 billion for fiscal 2024, the year ended 31 December 2024, down 10.7% on the year before. Net income was $4.8 billion, down 26.3%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$15.6 billion
-10.7% on the year
FY2017FY2024
Operating margin
34.9%
41.8% a year earlier
FY2017FY2024
Net income
$4.8 billion
-26.3% on the year
FY2017FY2024
Diluted EPS
$5.20
-26.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,318
6,420
8,720
-1.6%
Capital expenditure
4,820
5,071
2,797
-4.9%
Free cash flow
1,498
1,349
5,923
+11.0%
Free cash flow margin
9.6%
7.7%
29.6%
Cash from investing
-3,202
-4,362
-3,583
Cash from financing
-2,880
-2,144
-6,718
Depreciation and amortisation
n/a
1,175
925
Share-based compensation
387
362
289
+6.9%
Buybacks
929
293
3,615
+217.1%
Dividends paid
4,795
4,557
4,297
+5.2%
Dividend per share
$5.26
$5.02
$4.69
+4.8%
Diluted shares, weighted
919m
916m
926m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,903
16,897
14,577
+0.0%
Debt
13,596
11,223
8,735
+21.1%
Operating lease liabilities
663
478
344
+38.7%
Other liabilities
4,347
3,750
3,551
+15.9%
Total liabilities and equity
35,509
32,348
27,207
+9.8%
Fixed assets
11,347
9,999
6,876
+13.5%
Goodwill
4,362
4,362
4,362
0.0%
Investments
4,403
5,645
6,051
-22.0%
Cash and equivalents
3,200
2,964
3,050
+8.0%
Receivables
1,719
1,787
1,895
-3.8%
Inventory
4,527
3,999
2,757
+13.2%
Other assets
5,951
3,592
2,216
+65.7%
Total assets
35,509
32,348
27,207
+9.8%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.