TE CONNECTIVITY PLC (TEL) FY2024 Annual P&L / Income Statement

TE CONNECTIVITY PLC (TEL) FY2024 Annual P&L / Income Statement

Income statement for 2023-09-30 through 2024-09-27. View: Segments by Industry End Market. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

15,845,000,000 US dollars

Cost of sales

10,389,000,000 US dollars

Gross margin

5,456,000,000 US dollars

Operating expenses (calculated)

2,660,000,000 US dollars

Operating income

2,796,000,000 US dollars

Other income (expense), net (calculated)

1,000,000 US dollars

Income from continuing operations before income taxes

2,797,000,000 US dollars

Income tax (expense) benefit

negative 397,000,000 US dollars

Net income

3,193,000,000 US dollars

Communications Solutions - Appliances

692,000,000 US dollars

Communications Solutions - Data and devices

1,274,000,000 US dollars

Industrial Solutions - Aerospace, defense, and marine

1,344,000,000 US dollars

Industrial Solutions - Energy

919,000,000 US dollars

Industrial Solutions - Industrial equipment

1,385,000,000 US dollars

Industrial Solutions - Medical

833,000,000 US dollars

Transportation Solutions - Automotive

6,956,000,000 US dollars

Transportation Solutions - Commercial transportation

1,456,000,000 US dollars

Transportation Solutions - Sensors

986,000,000 US dollars

Acquisition and integration costs

21,000,000 US dollars

Research, development, and engineering expenses

741,000,000 US dollars

Restructuring and other charges, net

166,000,000 US dollars

Selling, general, and administrative expenses

1,732,000,000 US dollars

Income (loss) from discontinued operations, net of income taxes

negative 1,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.