TE CONNECTIVITY LTD. TEL Income Statement

Te connectivity ltd. (TEL)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Jun'08
Net sales
3,195	3,168	3,300	3,389	3,412	3,347	3,509	3,581	3,562	3,336	2,528	3,367	3,227	3,063	2,446	3,121	2,952	2,833	2,984	3,118	3,082	3,049	2,608	3,075	2,964	3,326	1,542	3,449	3,265	3,134	3,364	3,499	3,249	3,170	3,660	3,579	3,339	3,200	2,748	3,084	2,957	2,892	2,698	2,508	2,337	2,713	3,782
Cost of sales
2,166	2,138	2,248	2,279	2,294	2,233	2,327	2,394	2,350	2,172	1,662	2,227	2,117	1,996	1,548	2,099	1,990	1,888	2,016	2,070	2,031	2,029	1,766	2,057	1,969	2,209	1,064	2,317	2,213	2,145	2,300	2,481	2,228	2,227	2,506	2,491	2,331	2,179	1,889	2,099	1,999	2,051	2,007	1,921	1,803	1,989	2,683
Gross margin
1,029	1,030	1,052	1,110	1,118	1,114	1,182	1,187	1,212	1,164	866	1,140	1,110	1,067	898	1,022	962	945	968	1,048	1,051	1,020	842	1,018	995	1,117	478	1,132	1,052	989	1,064	1,018	1,021	943	1,154	1,088	1,008	1,021	859	985	958	841	691	587	534	724	1,099
Selling, general, and administrative expenses
352	367	372	356	373	389	414	394	409	377	361	408	407	367	322	367	367	340	334	393	391	386	292	396	379	467	118	456	438	428	452	423	427	383	454	441	431	402	341	375	406	368	338	330	329	411	409
Research, development, and engineering expenses
158	161	159	158	166	161	171	171	173	165	126	168	161	156	124	161	156	162	148	159	160	160	127	147	145	164	81	167	171	171	165	173	173	177	187	178	173	163	136	147	142	138	131	130	131	144	152
Acquisition and integration costs
12	7	6	9	7	5	5	4	3	2	1	1	2	2	3	11	3	5	9	8	14	24	-	1	1	-	3	3	3	5	4	15	4	4	0	1	1	17	-	-	-	-	-	-	-	-	-
Restructuring and other charges, net
22	24	71	67	42	75	22	64	6	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges, net
-	-	-	-	-	-	-	-	-	-	-	19	59	47	-	31	-99	40	70	19	38	25	3	10	-1	7	-18	67	81	92	42	36	32	18	78	8	11	39	56	3	12	66	46	63	189	77	16
Pre-separation litigation income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-	-	0	0	135	9	7
Impairment of goodwill
900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,547	-	-
Operating income (loss)
-415	471	444	520	530	484	570	554	621	586	356	544	481	495	423	452	535	398	407	469	448	425	391	464	471	479	294	439	359	293	401	371	385	361	435	460	392	400	318	467	398	269	176	64	-3,797	83	515
Interest income
5	6	6	4	4	5	4	3	4	4	2	3	6	5	5	2	4	6	4	4	4	5	6	4	4	5	4	4	5	4	5	6	7	5	6	5	6	5	6	4	6	4	4	4	3	6	6
Interest expense
11	12	13	13	15	27	27	26	28	26	35	32	32	31	34	31	32	30	32	33	37	34	34	28	31	34	31	36	35	37	45	48	44	39	44	39	43	35	40	38	38	39	40	42	41	42	44
Other income, net
11	5	0	2	1	-1	-1	-1	1	2	-11	-12	-10	-9	-46	-651	12	8	9	11	-5	-70	6	9	16	32	16	18	9	-226	19	19	11	1	14	-5	6	12	52	42	75	8	-55	5	3	-1	1
Income (loss) from continuing operations before income taxes
-410	470	437	513	520	461	546	530	598	566	312	503	445	460	348	-228	519	382	388	451	410	326	369	449	460	482	283	425	338	34	380	348	359	328	411	421	361	382	336	475	441	242	85	31	-3,832	46	478
Income tax expense
42	447	61	-245	91	78	-1,128	77	108	599	16	71	39	54	5	-1,019	130	58	252	100	94	-109	-203	102	120	127	17	93	60	-245	-18	88	91	88	95	70	69	113	128	144	135	69	7	6	-594	14	191
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	396	199	258	262	327	357	300	266	299	331	306	173	88	-75	-3,237	-35	-
Less: net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	2	1	2	1	1	2	1	2	1	1	2	1	2	2
Income (loss) from continuing operations
-452	23	376	758	429	383	1,674	453	490	-33	296	432	406	406	343	791	389	324	136	351	316	435	-	-	-	-	-	-	-	-	398	260	267	238	315	349	291	268	206	330	304	172	77	23	-3,239	30	285
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	340	355	266	332	278	279	398	260	268	240	316	351	292	269	208	331	306	173	78	25	-3,238	32	-
Income (loss) from discontinued operations, net of income taxes
-4	3	-4	-1	10	-107	-13	1	0	-7	138	3	-1	3	94	48	-9	29	904	-42	283	37	91	56	22	-2	122	3	-1	-2	-2	-61	-10	22	11	6	8	-3	-	-	-	-	10	-100	1	-67	45
Net income (loss)
-456	26	372	757	439	276	1,661	454	490	-40	434	435	405	409	437	839	380	353	1,040	309	599	472	663	403	362	353	387	335	277	277	396	199	257	260	326	355	299	265	297	330	304	172	87	-77	-3,238	-37	330
Basic earnings (loss) per share:
Income (loss) from continuing operations (in dollars per share)
-1.35	0.07	1.12	2.25	1.27	1.12	4.77	1.30	1.40	-0.09	0.84	1.22	1.14	1.14	0.92	2.22	1.07	0.84	0.35	0.86	0.78	1.07	1.40	0.85	0.83	0.86	0.64	0.80	0.66	0.66	0.93	0.61	0.63	0.56	0.73	0.80	0.66	0.60	0.46	0.73	0.67	0.37	0.18	0.05	-7.07	0.07	0.60
Income (loss) from discontinued operations (in dollars per share)
-0.01	0.01	-0.01	-0.01	0.03	-0.31	-0.03	0.00	0.00	-0.02	0.38	0.01	0.00	0.01	0.25	0.13	-0.02	0.08	2.23	-0.10	0.70	0.09	-	0.14	0.05	-	-	0.01	-	-	0.01	-0.15	-0.03	0.05	-	0.01	0.01	-	-	-	-	0.00	0.03	-0.22	0.00	-0.15	0.09
Net income (loss) (in dollars per share)
-1.37	0.08	1.10	2.25	1.30	0.81	4.74	1.30	1.40	-0.11	1.22	1.23	1.14	1.15	1.18	2.35	1.04	0.92	2.59	0.76	1.47	1.16	1.61	0.99	0.88	0.86	0.92	0.81	0.66	0.66	0.94	0.46	0.60	0.61	0.76	0.81	0.67	0.60	0.66	0.73	0.67	0.37	0.21	-0.17	-7.07	-0.08	0.69
Diluted earnings (loss) per share:
Income (loss) from continuing operations (in dollars per share)
-1.35	0.07	1.11	2.24	1.26	1.11	4.74	1.29	1.38	-0.09	0.83	1.21	1.13	1.13	0.93	2.19	1.06	0.83	0.34	0.85	0.77	1.05	1.37	0.83	0.82	0.85	0.63	0.79	0.66	0.65	0.93	0.60	0.62	0.55	0.72	0.79	0.65	0.60	0.46	0.72	0.66	0.37	0.18	0.05	-7.07	0.07	0.59
Income (loss) from discontinued operations (in dollars per share)
-0.01	0.01	-0.01	-0.01	0.03	-0.31	-0.03	0.00	0.00	-0.02	0.38	0.01	0.00	0.01	0.26	0.13	-0.02	0.07	2.20	-0.10	0.69	0.09	-	0.13	0.05	-	-	0.01	-	-	-0.01	-0.14	-0.02	0.06	0.03	0.01	0.02	-0.01	-	-	-	-	0.03	-0.22	0.00	-0.15	0.09
Net income (loss) (in dollars per share)
-1.37	0.08	1.10	2.23	1.29	0.80	4.71	1.29	1.38	-0.11	1.21	1.22	1.13	1.14	1.18	2.32	1.03	0.91	2.55	0.75	1.45	1.14	1.59	0.97	0.87	0.84	0.92	0.80	0.65	0.65	0.92	0.46	0.60	0.61	0.75	0.80	0.67	0.59	0.66	0.72	0.66	0.37	0.21	-0.17	-7.07	-0.08	0.68
Dividends paid per common share
-	-	-	-	-	-	-	-	-	-	-	0.40	0.37	0.37	-	0.37	0.33	0.33	0.33	0.33	0.29	0.29	0.29	0.29	0.25	0.25	0.25	0.25	0.21	0.21	0.21	0.21	0.18	0.18	0.18	0.18	0.16	0.16	0.16	0.16	0.16	0.16	-	-	-	-	-
Weighted-average number of shares outstanding:
Basic (in shares)
334	335	335	337	338	342	348	349	351	352	353	355	356	356	358	357	364	385	400	406	407	407	410	409	410	411	415	415	420	422	424	428	427	425	428	437	443	444	445	451	457	459	461	458	458	459	478
Diluted (in shares)
334	337	337	339	340	344	354	352	354	352	356	358	359	359	357	361	368	390	406	412	413	413	417	416	417	418	421	421	424	426	429	431	431	429	432	442	449	449	449	456	461	462	458	459	458	461	482