Texas Instruments Files 2024 10-K

TL;DR

TI's 2024 10-K is in, check financials for semiconductor biz.

AI Summary

Texas Instruments Inc. filed its 2024 10-K on February 14, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The report covers its operations in semiconductors and related devices, with its principal executive offices located in Dallas, Texas. The filing provides a comprehensive overview of the company's financial position, business operations, and risk factors for investors.

Why It Matters

This 10-K filing provides crucial financial and operational details for Texas Instruments, allowing investors and analysts to assess the company's performance and future outlook in the semiconductor industry.

Risk Assessment

Risk Level: medium — The semiconductor industry is subject to cyclical demand, technological obsolescence, and intense competition, posing inherent risks to Texas Instruments.

Key Numbers

• 2024 — Fiscal Year (The year for which the 10-K report is filed.)
• 1231 — Fiscal Year End (The end date of the fiscal year reported.)
• 0000097476 — Central Index Key (Unique identifier for Texas Instruments in SEC filings.)

Key Players & Entities

• Texas Instruments Inc. (company) — Filer of the 10-K
• Dallas, TX (location) — Location of principal executive offices
• 3674 (sic_code) — Standard Industrial Classification for Semiconductors & Related Devices
• 2024-12-31 (date) — Fiscal year end
• 2025-02-14 (date) — Filing date

FAQ

Key Financial Figures

• $1.00 — ich registered Common Stock, par value $1.00 TXN The Nasdaq Global Select Market Se
• $15.64 billion — ivities in Other. In 2024, we generated $15.64 billion of revenue. For decades, we have opera
• $101 b — period from 2015 to 2024, we allocated $101 billion, which reinforces the importance
• $20 billion — ory. In this period, we allocated about $20 billion to capital expenditures. Our increased
• $12.16 billion — . Analog Our Analog segment generated $12.16 billion of revenue in 2024. Analog semiconducto
• $2.53 billion — r Embedded Processing segment generated $2.53 billion of revenue in 2024. Embedded Processing
• $947 million — her operating segments. Other generated $947 million of revenue in 2024 and includes revenue

Filing Documents

• txn-20241231.htm (10-K) — 2011KB
• q42024txnex19.htm (EX-19) — 16KB
• q42024txnex21.htm (EX-21) — 36KB
• q42024txnex23.htm (EX-23) — 3KB
• q42024txnex31a.htm (EX-31.A) — 9KB
• q42024txnex31b.htm (EX-31.B) — 9KB
• q42024txnex32a.htm (EX-32.A) — 3KB
• q42024txnex32b.htm (EX-32.B) — 3KB
• image_0a.jpg (GRAPHIC) — 10KB
• 0000097476-25-000007.txt ( ) — 12694KB
• txn-20241231.xsd (EX-101.SCH) — 66KB
• txn-20241231_cal.xml (EX-101.CAL) — 122KB
• txn-20241231_def.xml (EX-101.DEF) — 383KB
• txn-20241231_lab.xml (EX-101.LAB) — 942KB
• txn-20241231_pre.xml (EX-101.PRE) — 713KB
• txn-20241231_htm.xml (XML) — 2495KB

Business

ITEM 1. Business We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. Our operations began in 1930, and we are incorporated in Delaware. With headquarters in Dallas, Texas, we have design, manufacturing or sales operations in more than 30 countries. Our two reportable segments are Analog and Embedded Processing, and we report the results of our remaining business activities in Other. In 2024, we generated $15.64 billion of revenue. For decades, we have operated with a passion to create a better world by making electronics more affordable through semiconductors. We were pioneers in the transition from vacuum tubes to transistors and then to integrated circuits. As each generation has become more reliable, more affordable and lower in power, semiconductors are used by a growing number of customers and markets. Our passion continues to be alive today as we help our customers develop electronics and new applications. For many years, we have run our business with three overarching ambitions in mind. First, we will act like owners who will own the company for decades. Second, we will adapt and succeed in a world that is ever changing. And third, we will be a company that we are personally proud to be a part of and that we would want as our neighbor. Our ambitions are foundational to ensuring that we operate in a sustainable and environmentally responsible manner. When we are successful in achieving these ambitions, our employees, customers, communities and shareholders all win. As engineers, we are fortunate to work on exciting technology which helps our customers innovate to create a better world. Technology is the foundation of our company, but ultimately, our objective and the best metric for owners to measure our progress is through the growth of free cash flow per share over the long term. Our strategy to maximize long-term free cash flow per share growth has three elements: The first element of ou

Risk factors

ITEM 1A. Risk factors You should read the following risk factors in conjunction with the factors discussed elsewhere in this and other of our filings with the Securities and Exchange Commission (SEC) and in materials incorporated by reference into these filings. These risk factors are intended to highlight certain factors that may affect our financial condition and results of operations and are not meant to be an exhaustive discussion of risks that apply to TI, a company with broad international operations. Like many companies, we are susceptible to a potential downturn associated with macroeconomic weakness, which may affect our performance and the performance of our customers. Similarly, the price of our securities is subject to volatility due to fluctuations in general market conditions, actual financial results that do not meet our and/or the investment community's expectations, changes in our and/or the investment community's expectations for our future results, dividends or share repurchases, and other factors, many of which are beyond our control. Risks related to our business and industry Our global operations subject us to risks associated with domestic or international political, social, economic or other conditions. We have facilities in more than 30 countries. About 60% of our revenue comes from customers with headquarter locations outside the United States; revenue from end customers headquartered in China represents about 20% of our revenue. We also continue to expand our offerings of online transactions and services worldwide. Certain countries where we operate have experienced, and other countries may experience, geopolitical tensions that affect global trade and macroeconomic conditions through the enactment of tariffs, import or export restrictions, trade embargoes and sanctions, restrictions on cross-border investment and other trade barriers. Geopolitical tensions may impact our ability to deliver products, support customers, receive manufact

View Full Filing

View this 10-K filing on SEC EDGAR