Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Texas Instruments Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Solvency Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Texas Instruments Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets exhibit a consistent upward trajectory over the analyzed period, growing from 19,639 million USD in March 2021 to 35,882 million USD by June 2026. This growth is characterized by a strategic shift in asset composition, with a pronounced increase in long-term fixed assets relative to current assets.
- Liquidity and Short-Term Asset Trends
- Current assets showed an initial growth phase, peaking at 17,448 million USD in March 2023 before stabilizing between 13,000 and 15,000 million USD. Cash and cash equivalents remained volatile, fluctuating between a low of 2,442 million USD and a peak of 5,663 million USD. A notable trend is observed in short-term investments, which rose to a peak of 7,910 million USD in March 2023 but subsequently declined sharply to 1,554 million USD by March 2026, before rebounding to 3,341 million USD in June 2026. This suggests a reallocation of liquid capital toward other investment areas.
- Inventory Expansion and Composition
- Inventories demonstrate a steady and significant increase, rising from 1,890 million USD in March 2021 to 4,605 million USD by June 2026. The growth is distributed across all categories: raw materials increased modestly, while work in process more than doubled from 980 million USD to 2,407 million USD. Finished goods also saw substantial growth, increasing from 727 million USD to 1,731 million USD. The sustained rise in work in process and finished goods suggests an expansion in production capacity and an increase in stockpiled output.
- Capital Expenditure and Fixed Assets
- The most significant growth is observed in property, plant, and equipment (PP&E). PP&E at cost expanded from 5,967 million USD in March 2021 to 17,856 million USD by June 2026, indicating an aggressive capital investment strategy. Net PP&E followed a similar upward trend, growing from 3,431 million USD to 11,911 million USD. This expansion is offset by a corresponding increase in accumulated depreciation, which grew from -2,536 million USD to -5,945 million USD over the same period, reflecting the aging of the expanding asset base.
- Long-Term Assets and Intangibles
- Long-term assets more than doubled, increasing from 9,234 million USD to 20,125 million USD, primarily driven by the growth in PP&E. Goodwill remained virtually stagnant at 4,362 million USD for the majority of the period, with a slight decrease to 4,330 million USD starting in September 2025. Deferred tax assets showed a general upward trend, rising from 331 million USD to 1,017 million USD, while other long-term assets experienced significant volatility, peaking at 3,348 million USD in December 2024 before moderating to 2,237 million USD by June 2026.
The overall financial profile indicates a transition toward a more capital-intensive operational model. The substantial increase in fixed assets and inventories, coupled with the reduction in short-term investments, suggests a long-term strategic commitment to expanding manufacturing capabilities and increasing production volume.