TE Connectivity Ltd
NYSE:TEL
Income Statement
Earnings Waterfall
TE Connectivity Ltd
Revenue
|
15.8B
USD
|
Cost of Revenue
|
-10.6B
USD
|
Gross Profit
|
5.3B
USD
|
Operating Expenses
|
-2.4B
USD
|
Operating Income
|
2.9B
USD
|
Other Expenses
|
571m
USD
|
Net Income
|
3.4B
USD
|
Income Statement
TE Connectivity Ltd
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12 707
N/A
|
12 333
-3%
|
11 973
-3%
|
11 696
-2%
|
12 278
+5%
|
12 321
+0%
|
12 233
-1%
|
12 017
-2%
|
11 887
-1%
|
11 890
+0%
|
11 352
-5%
|
11 582
+2%
|
11 857
+2%
|
12 103
+2%
|
12 185
+1%
|
12 458
+2%
|
12 793
+3%
|
13 190
+3%
|
13 988
+6%
|
13 672
-2%
|
13 522
-1%
|
13 147
-3%
|
13 448
+2%
|
13 269
-1%
|
13 052
-2%
|
12 211
-6%
|
12 172
0%
|
12 526
+3%
|
13 069
+4%
|
14 366
+10%
|
14 923
+4%
|
15 219
+2%
|
15 488
+2%
|
15 740
+2%
|
16 281
+3%
|
16 304
+0%
|
16 457
+1%
|
16 358
-1%
|
16 034
-2%
|
16 024
0%
|
15 831
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8 479)
|
(8 219)
|
(8 001)
|
(7 821)
|
(8 175)
|
(8 188)
|
(8 146)
|
(8 005)
|
(7 964)
|
(7 993)
|
(7 525)
|
(7 633)
|
(7 760)
|
(7 888)
|
(8 002)
|
(8 178)
|
(8 411)
|
(8 731)
|
(9 243)
|
(9 021)
|
(8 965)
|
(8 697)
|
(9 054)
|
(8 959)
|
(8 831)
|
(8 393)
|
(8 437)
|
(8 675)
|
(9 037)
|
(9 773)
|
(10 036)
|
(10 236)
|
(10 378)
|
(10 566)
|
(11 037)
|
(11 099)
|
(11 305)
|
(11 239)
|
(10 979)
|
(10 832)
|
(10 560)
|
|
Gross Profit |
4 228
N/A
|
4 114
-3%
|
3 972
-3%
|
3 875
-2%
|
4 103
+6%
|
4 133
+1%
|
4 087
-1%
|
4 012
-2%
|
3 923
-2%
|
3 897
-1%
|
3 827
-2%
|
3 949
+3%
|
4 097
+4%
|
4 215
+3%
|
4 183
-1%
|
4 280
+2%
|
4 382
+2%
|
4 459
+2%
|
4 745
+6%
|
4 651
-2%
|
4 557
-2%
|
4 450
-2%
|
4 394
-1%
|
4 310
-2%
|
4 221
-2%
|
3 818
-10%
|
3 735
-2%
|
3 851
+3%
|
4 032
+5%
|
4 593
+14%
|
4 887
+6%
|
4 983
+2%
|
5 110
+3%
|
5 174
+1%
|
5 244
+1%
|
5 205
-1%
|
5 152
-1%
|
5 119
-1%
|
5 055
-1%
|
5 192
+3%
|
5 271
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 286)
|
(2 202)
|
(2 113)
|
(2 028)
|
(2 168)
|
(2 195)
|
(2 190)
|
(2 151)
|
(2 142)
|
(2 106)
|
(2 020)
|
(2 037)
|
(2 061)
|
(2 106)
|
(2 155)
|
(2 173)
|
(2 187)
|
(2 191)
|
(2 262)
|
(2 229)
|
(2 186)
|
(2 120)
|
(2 134)
|
(2 112)
|
(2 083)
|
(2 036)
|
(2 005)
|
(2 000)
|
(2 065)
|
(2 132)
|
(2 189)
|
(2 204)
|
(2 230)
|
(2 268)
|
(2 302)
|
(2 330)
|
(2 350)
|
(2 385)
|
(2 378)
|
(2 411)
|
(2 418)
|
|
Selling, General & Administrative |
(1 674)
|
(1 619)
|
(1 534)
|
(1 453)
|
(1 553)
|
(1 550)
|
(1 504)
|
(1 458)
|
(1 434)
|
(1 408)
|
(1 396)
|
(1 423)
|
(1 463)
|
(1 504)
|
(1 543)
|
(1 553)
|
(1 555)
|
(1 556)
|
(1 594)
|
(1 581)
|
(1 545)
|
(1 492)
|
(1 490)
|
(1 468)
|
(1 447)
|
(1 412)
|
(1 392)
|
(1 386)
|
(1 435)
|
(1 480)
|
(1 512)
|
(1 514)
|
(1 529)
|
(1 556)
|
(1 584)
|
(1 613)
|
(1 632)
|
(1 670)
|
(1 670)
|
(1 702)
|
(1 711)
|
|
Research & Development |
(619)
|
(599)
|
(583)
|
(579)
|
(617)
|
(629)
|
(627)
|
(629)
|
(625)
|
(627)
|
(603)
|
(597)
|
(602)
|
(609)
|
(611)
|
(620)
|
(632)
|
(645)
|
(680)
|
(656)
|
(649)
|
(626)
|
(644)
|
(644)
|
(636)
|
(624)
|
(613)
|
(614)
|
(630)
|
(652)
|
(677)
|
(690)
|
(701)
|
(712)
|
(718)
|
(716)
|
(716)
|
(713)
|
(708)
|
(708)
|
(707)
|
|
Other Operating Expenses |
7
|
16
|
4
|
4
|
2
|
(16)
|
(59)
|
(64)
|
(83)
|
(71)
|
(21)
|
(17)
|
4
|
7
|
(1)
|
0
|
0
|
10
|
12
|
8
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
0
|
0
|
0
|
|
Operating Income |
1 942
N/A
|
1 912
-2%
|
1 859
-3%
|
1 847
-1%
|
1 935
+5%
|
1 938
+0%
|
1 897
-2%
|
1 861
-2%
|
1 781
-4%
|
1 791
+1%
|
1 807
+1%
|
1 912
+6%
|
2 036
+6%
|
2 109
+4%
|
2 028
-4%
|
2 107
+4%
|
2 195
+4%
|
2 268
+3%
|
2 483
+9%
|
2 422
-2%
|
2 371
-2%
|
2 330
-2%
|
2 260
-3%
|
2 198
-3%
|
2 138
-3%
|
1 782
-17%
|
1 730
-3%
|
1 851
+7%
|
1 967
+6%
|
2 461
+25%
|
2 698
+10%
|
2 779
+3%
|
2 880
+4%
|
2 906
+1%
|
2 942
+1%
|
2 875
-2%
|
2 802
-3%
|
2 734
-2%
|
2 677
-2%
|
2 781
+4%
|
2 853
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(118)
|
(110)
|
(108)
|
(108)
|
(114)
|
(119)
|
(119)
|
(114)
|
(109)
|
(109)
|
(110)
|
(112)
|
(110)
|
(110)
|
(114)
|
(110)
|
(108)
|
(101)
|
(92)
|
(91)
|
(78)
|
(65)
|
(49)
|
(33)
|
(28)
|
(30)
|
(33)
|
(39)
|
(38)
|
(38)
|
(39)
|
(37)
|
(46)
|
(50)
|
(51)
|
(53)
|
(47)
|
(34)
|
(20)
|
(4)
|
4
|
|
Non-Reccuring Items |
(148)
|
(93)
|
(54)
|
(96)
|
(147)
|
(145)
|
(148)
|
(139)
|
28
|
1
|
1
|
(7)
|
(185)
|
(166)
|
(152)
|
(140)
|
(88)
|
(147)
|
(152)
|
(191)
|
(231)
|
(228)
|
(282)
|
(233)
|
(1 118)
|
(1 148)
|
(1 193)
|
(1 337)
|
(426)
|
(340)
|
(264)
|
(121)
|
(129)
|
(150)
|
(186)
|
(289)
|
(384)
|
(405)
|
(373)
|
(281)
|
(198)
|
|
Total Other Income |
82
|
73
|
63
|
(39)
|
(60)
|
(58)
|
(55)
|
23
|
40
|
(622)
|
(677)
|
(694)
|
(716)
|
(77)
|
(42)
|
(31)
|
(20)
|
(9)
|
1
|
(2)
|
(2)
|
1
|
2
|
8
|
18
|
20
|
20
|
14
|
7
|
5
|
(17)
|
(1)
|
0
|
2
|
28
|
8
|
(1)
|
(9)
|
(16)
|
(14)
|
(15)
|
|
Pre-Tax Income |
1 758
N/A
|
1 782
+1%
|
1 760
-1%
|
1 604
-9%
|
1 614
+1%
|
1 616
+0%
|
1 575
-3%
|
1 631
+4%
|
1 740
+7%
|
1 061
-39%
|
1 021
-4%
|
1 099
+8%
|
1 025
-7%
|
1 756
+71%
|
1 720
-2%
|
1 826
+6%
|
1 979
+8%
|
2 011
+2%
|
2 240
+11%
|
2 138
-5%
|
2 060
-4%
|
2 038
-1%
|
1 931
-5%
|
1 940
+0%
|
1 010
-48%
|
624
-38%
|
524
-16%
|
489
-7%
|
1 510
+209%
|
2 088
+38%
|
2 378
+14%
|
2 620
+10%
|
2 705
+3%
|
2 708
+0%
|
2 733
+1%
|
2 541
-7%
|
2 370
-7%
|
2 286
-4%
|
2 268
-1%
|
2 482
+9%
|
2 644
+7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(385)
|
(394)
|
(146)
|
90
|
98
|
100
|
(337)
|
(504)
|
(540)
|
579
|
826
|
830
|
921
|
(169)
|
(180)
|
(158)
|
(227)
|
(237)
|
911
|
866
|
883
|
1 209
|
15
|
(354)
|
(305)
|
(735)
|
(783)
|
(396)
|
(460)
|
(399)
|
(123)
|
(173)
|
(203)
|
(195)
|
(306)
|
(283)
|
(247)
|
(227)
|
(364)
|
828
|
782
|
|
Income from Continuing Operations |
1 373
|
1 388
|
1 614
|
1 694
|
1 712
|
1 716
|
1 238
|
1 127
|
1 200
|
1 640
|
1 847
|
1 929
|
1 946
|
1 587
|
1 540
|
1 668
|
1 752
|
1 774
|
3 151
|
3 004
|
2 943
|
3 247
|
1 946
|
1 586
|
705
|
(111)
|
(259)
|
93
|
1 050
|
1 689
|
2 255
|
2 447
|
2 502
|
2 513
|
2 427
|
2 258
|
2 123
|
2 059
|
1 904
|
3 310
|
3 426
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1 437
N/A
|
1 505
+5%
|
1 781
+18%
|
1 900
+7%
|
2 137
+12%
|
2 043
-4%
|
2 420
+18%
|
2 301
-5%
|
2 082
-10%
|
2 612
+25%
|
2 009
-23%
|
2 065
+3%
|
2 090
+1%
|
1 686
-19%
|
1 683
0%
|
1 234
-27%
|
1 319
+7%
|
1 338
+1%
|
2 565
+92%
|
2 881
+12%
|
2 830
-2%
|
3 133
+11%
|
1 844
-41%
|
1 594
-14%
|
699
-56%
|
(99)
N/A
|
(241)
-143%
|
114
N/A
|
1 076
+844%
|
1 697
+58%
|
2 261
+33%
|
2 446
+8%
|
2 500
+2%
|
2 514
+1%
|
2 428
-3%
|
2 259
-7%
|
2 132
-6%
|
2 066
-3%
|
1 910
-8%
|
3 316
+74%
|
3 424
+3%
|
|
EPS (Diluted) |
3.46
N/A
|
3.61
+4%
|
4.27
+18%
|
4.6
+8%
|
5.17
+12%
|
4.95
-4%
|
5.88
+19%
|
5.9
+0%
|
5.65
-4%
|
7.23
+28%
|
5.44
-25%
|
5.75
+6%
|
5.82
+1%
|
4.7
-19%
|
4.7
N/A
|
3.5
-26%
|
3.72
+6%
|
3.8
+2%
|
7.26
+91%
|
8.37
+15%
|
8.32
-1%
|
9.24
+11%
|
5.42
-41%
|
4.72
-13%
|
2.08
-56%
|
-0.3
N/A
|
-0.72
-140%
|
0.34
N/A
|
3.22
+847%
|
5.09
+58%
|
6.77
+33%
|
7.41
+9%
|
7.64
+3%
|
7.75
+1%
|
7.47
-4%
|
7.08
-5%
|
6.7
-5%
|
6.51
-3%
|
6.01
-8%
|
10.59
+76%
|
11.08
+5%
|