TE CONNECTIVITY LTD. TEL Income Statement

Te connectivity ltd. (TEL)

Income statement / TTM

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
13,052	13,269	13,448	13,657	13,849	13,999	13,988	13,007	12,793	12,458	12,185	12,103	11,857	11,582	11,352	11,890	11,887	12,017	12,233	11,857	11,814	11,696	11,973	10,907	11,281	11,582	11,390	13,212	13,262	13,246	13,282	13,578	13,658	13,748	13,778	12,866	12,371	11,989	11,681	11,631	11,055	10,435	10,256	11,340	0	0	0
Cost of sales
8,831	8,959	9,054	9,133	9,248	9,304	9,243	8,578	8,411	8,178	8,002	7,888	7,760	7,633	7,525	7,993	7,964	8,005	8,146	7,896	7,883	7,821	8,001	7,299	7,559	7,803	7,739	8,975	9,139	9,154	9,236	9,442	9,452	9,555	9,507	8,890	8,498	8,166	8,038	8,156	7,978	7,782	7,720	8,396	0	0	0
Gross margin
4,221	4,310	4,394	4,524	4,601	4,695	4,745	4,429	4,382	4,280	4,183	4,215	4,097	3,949	3,827	3,897	3,923	4,012	4,087	3,961	3,931	3,875	3,972	3,608	3,722	3,779	3,651	4,237	4,123	4,092	4,046	4,136	4,206	4,193	4,271	3,976	3,873	3,823	3,643	3,475	3,077	2,653	2,536	2,944	0	0	0
Selling, general, and administrative expenses
1,447	1,468	1,490	1,532	1,570	1,606	1,594	1,541	1,555	1,553	1,543	1,504	1,463	1,423	1,396	1,408	1,434	1,458	1,504	1,462	1,465	1,453	1,534	1,360	1,420	1,479	1,440	1,774	1,741	1,730	1,685	1,687	1,705	1,709	1,728	1,615	1,549	1,524	1,490	1,487	1,442	1,365	1,408	1,479	0	0	0
Research, development, and engineering expenses
636	644	644	656	669	676	680	635	632	620	611	609	602	597	603	627	625	629	627	606	594	579	583	537	557	583	590	674	680	682	688	710	715	715	701	650	619	588	563	558	541	530	536	557	0	0	0
Acquisition and integration costs
34	29	27	26	21	17	14	10	7	6	6	8	18	19	22	28	25	36	55	47	40	0	-	0	0	-	14	15	27	28	27	23	9	6	19	0	0	0	-	-	-	-	-	-	-	-	-
Restructuring and other charges, net
184	204	255	206	203	167	126	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges, net
-	-	-	-	-	-	-	-	-	-	-	155	167	0	-	42	30	167	152	85	76	37	19	-2	55	137	222	282	251	202	128	164	136	115	136	114	109	110	137	127	187	364	375	345	0	0	0
Pre-separation litigation income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	144	151	0	0	0
Impairment of goodwill
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Operating income (loss)
1,020	1,965	1,978	2,104	2,138	2,229	2,331	2,117	2,107	1,967	1,876	1,943	1,851	1,905	1,808	1,792	1,809	1,722	1,749	1,733	1,728	1,751	1,805	1,708	1,683	1,571	1,385	1,492	1,424	1,450	1,518	1,552	1,641	1,648	1,687	1,570	1,577	1,583	1,452	1,310	907	-3,288	-3,474	-3,135	0	0	0
Interest income
21	20	19	17	16	16	15	13	13	15	16	19	18	16	17	16	18	18	17	19	19	19	19	17	17	18	17	18	20	22	23	24	23	22	22	22	21	21	20	18	18	15	17	19	0	0	0
Interest expense
49	53	68	82	95	108	107	115	121	125	130	129	128	128	127	125	127	132	136	138	133	127	127	124	132	136	139	153	165	174	176	175	166	165	161	157	156	151	155	155	159	162	165	169	0	0	0
Other income, net
18	8	2	1	-2	-2	1	-9	-20	-31	-42	-77	-716	-694	-677	-622	40	23	-55	-58	-60	-39	63	73	82	75	-183	-180	-179	-177	50	45	21	16	27	65	112	181	177	70	33	-39	-48	8	0	0	0
Income (loss) from continuing operations before income taxes
1,010	1,940	1,931	2,040	2,057	2,135	2,240	2,006	1,979	1,826	1,720	1,756	1,025	1,099	1,021	1,061	1,740	1,631	1,575	1,556	1,554	1,604	1,760	1,674	1,650	1,528	1,080	1,177	1,100	1,121	1,415	1,446	1,519	1,521	1,575	1,500	1,554	1,634	1,494	1,243	799	-3,474	-3,670	-3,277	0	0	0
Income tax expense
305	354	-15	-1,204	-882	-865	-344	800	794	725	180	169	-921	-830	-826	-579	540	504	337	-118	-116	-90	146	366	357	297	-75	-110	-115	-84	249	362	344	322	347	380	454	520	476	355	217	-512	-567	-383	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,115	1,046	1,204	1,246	1,250	1,222	1,196	1,202	1,109	898	492	-3,051	-3,259	0	0	0	-
Less: net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	4	6	6	5	6	5	6	6	5	6	5	6	7	0	0	0
Income (loss) from continuing operations
705	1,586	1,946	3,244	2,939	3,000	2,584	1,206	1,185	1,101	1,540	1,587	1,946	1,929	1,847	1,640	1,200	1,127	1,238	0	0	0	-	-	-	-	-	-	-	-	1,163	1,080	1,169	1,193	1,223	1,114	1,095	1,108	1,012	883	576	-2,967	-3,109	-2,901	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,308	1,293	1,231	1,155	1,287	1,215	1,205	1,166	1,084	1,175	1,199	1,228	1,120	1,100	1,114	1,018	888	582	-2,962	-3,103	0	0	0	-
Income (loss) from discontinued operations, net of income taxes
-6	8	-102	-111	-109	-119	-19	132	134	133	143	99	144	136	162	972	882	1,174	1,182	369	467	206	167	198	145	122	122	-2	-66	-75	-51	-38	29	47	22	0	0	0	-	-	-	-	-156	-121	0	0	0
Net income (loss)
699	1,594	1,844	3,133	2,830	2,881	2,565	1,338	1,319	1,234	1,683	1,686	2,090	2,065	2,009	2,612	2,082	2,301	2,420	2,043	2,137	1,900	1,781	1,505	1,437	1,352	1,276	1,285	1,149	1,129	1,112	1,042	1,198	1,240	1,245	1,216	1,191	1,196	1,103	893	486	-3,056	-3,265	-3,022	0	0	0
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