TE Connectivity Ltd. (TEL) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-03-30 to 2024-06-28

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TE Connectivity Ltd. cash flow reconciliation, Mar 30, 2024 through Jun 28, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Income from continuing operations → Net cash from operating activities: $573,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $208,000,000.00Inventories → Operating adjustments reconciliation: $114,000,000.00Accounts payable → Operating adjustments reconciliation: $44,000,000.00Non-cash lease cost → Operating adjustments reconciliation: $33,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $31,000,000.00Deferred income taxes → Operating adjustments reconciliation: $22,000,000.00Provision for losses on accounts receivable and inventories → Operating adjustments reconciliation: $15,000,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $13,000,000.00Income taxes → Operating adjustments reconciliation: $13,000,000.00Accounts receivable, net → Operating adjustments reconciliation: $10,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $433,000,000.00Operating adjustments reconciliation → Accrued and other current liabilities: $37,000,000.00Operating adjustments reconciliation → Other: $22,000,000.00Operating adjustments reconciliation → Other: $11,000,000.00Proceeds from divestiture of businesses, net of cash retained by businesses sold → investing reconciliation: $21,000,000.00Proceeds from sale of property, plant, and equipment → investing reconciliation: $10,000,000.00Other → investing reconciliation: $1,000,000.00investing reconciliation → Capital expenditures: $149,000,000.00Net cash used in financing activities → financing reconciliation: $591,000,000.00Proceeds from exercise of share options → financing reconciliation: $19,000,000.00Net decrease in commercial paper → financing reconciliation: $18,000,000.00financing reconciliation → Repurchase of common shares: $416,000,000.00financing reconciliation → Payment of common share dividends to shareholders: $199,000,000.00financing reconciliation → Other: $12,000,000.00financing reconciliation → Repayment of debt: $1,000,000.00Net cash used in investing activities → investing reconciliation: $117,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,176,000,000.00Net cash from operating activities → Cash sources and uses: $1,006,000,000.00Cash sources and uses → Exchange-rate effect: $5,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,469,000,000.00Cash sources and uses → Net cash used in investing activities: $117,000,000.00Cash sources and uses → Net cash used in financing activities: $591,000,000.00Income from continuing operations: $573,000,000.00Continuing ops income (loss)+$573.00 MDepreciation and amortization: $208,000,000.00Depreciation & amortization+$208.00 MDeferred income taxes: $22,000,000.00Deferred income taxes+$22.00 MNon-cash lease cost: $33,000,000.00Operating lease amortization+$33.00 MProvision for losses on accounts receivable and inventories: $15,000,000.00Receivable & inventory provision+$15.00 MShare-based compensation expense: $31,000,000.00Stock-based compensation+$31.00 MOther: -$11,000,000.00Other non-cash items−$11.00 MAccounts receivable, net: $10,000,000.00Accounts receivable+$10.00 MInventories: $114,000,000.00Inventories+$114.00 MPrepaid expenses and other current assets: $13,000,000.00Prepaid & other assets+$13.00 MAccounts payable: $44,000,000.00Trade payables+$44.00 MAccrued and other current liabilities: -$37,000,000.00Accrued & other liabilities−$37.00 MIncome taxes: $13,000,000.00Income taxes, net+$13.00 MOther: -$22,000,000.00Other working capital, net−$22.00 MNet cash from operating activities: $1,006,000,000.00Operating cash+$1.01 BOperating adjustments reconciliation: $503,000,000.00Net decrease in commercial paper: $18,000,000.00Commercial paper, net+$18.00 MRepayment of debt: -$1,000,000.00Debt repaid−$1.00 MProceeds from exercise of share options: $19,000,000.00Stock option exercises+$19.00 MRepurchase of common shares: -$416,000,000.00Common stock repurchases−$416.00 MPayment of common share dividends to shareholders: -$199,000,000.00Common dividends paid−$199.00 MOther: -$12,000,000.00Other financing, net−$12.00 MNet cash used in financing activities: -$591,000,000.00. Cash required to fund net payments.Financing cash−$591.00 Mfinancing reconciliation: $628,000,000.00Capital expenditures: -$149,000,000.00PP&E purchases−$149.00 MProceeds from sale of property, plant, and equipment: $10,000,000.00PP&E sales+$10.00 MAcquisition of businesses, net of cash acquired: $0.00Proceeds from divestiture of businesses, net of cash retained by businesses sold: $21,000,000.00Business sales, net of cash+$21.00 MOther: $1,000,000.00Other investing, net+$1.00 MNet cash used in investing activities: -$117,000,000.00. Cash required to fund net payments.Investing cash−$117.00 Minvesting reconciliation: $149,000,000.00Cash sources and uses: $2,182,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,176,000,000.00Beginning cash$1.18 BEnding cash: Cash, cash equivalents, and restricted cash: $1,469,000,000.00Ending cash$1.47 BExchange-rate effect: -$5,000,000.00FX effect−$5.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$857.00 MOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change+$293.00 MEnding cash − beginning cash
Chart details

TE Connectivity Ltd. cash flow reconciliation, Mar 30, 2024 through Jun 28, 2024

Cash flows for Mar 30, 2024 through Jun 28, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 29, 2024. Ending cash: Jun 28, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 29, 2024
1,176,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,006,000,000 US dollars. Net cash provided.
Income from continuing operations
573,000,000 US dollars
Depreciation and amortization
208,000,000 US dollars
Deferred income taxes
22,000,000 US dollars
Non-cash lease cost
33,000,000 US dollars
Provision for losses on accounts receivable and inventories
15,000,000 US dollars
Share-based compensation expense
31,000,000 US dollars
Other
negative 11,000,000 US dollars
Accounts receivable, net
10,000,000 US dollars
Inventories
114,000,000 US dollars
Prepaid expenses and other current assets
13,000,000 US dollars
Accounts payable
44,000,000 US dollars
Accrued and other current liabilities
negative 37,000,000 US dollars
Income taxes
13,000,000 US dollars
Other
negative 22,000,000 US dollars
Investing activities
negative 117,000,000 US dollars. Net cash used.
Capital expenditures
negative 149,000,000 US dollars
Proceeds from sale of property, plant, and equipment
10,000,000 US dollars
Acquisition of businesses, net of cash acquired
0 US dollars
Proceeds from divestiture of businesses, net of cash retained by businesses sold
21,000,000 US dollars
Other
1,000,000 US dollars
Financing activities
negative 591,000,000 US dollars. Net cash used.
Net decrease in commercial paper
18,000,000 US dollars
Repayment of debt
negative 1,000,000 US dollars
Proceeds from exercise of share options
19,000,000 US dollars
Repurchase of common shares
negative 416,000,000 US dollars
Payment of common share dividends to shareholders
negative 199,000,000 US dollars
Other
negative 12,000,000 US dollars
Operating adjustment reconciliation
503,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
628,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
149,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 5,000,000 US dollars
Ending cash on Jun 28, 2024
1,469,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,182,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
293,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
1,006,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
149,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
857,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $433.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,006,000,000 US dollars minus 149,000,000 US dollars equals 857,000,000 US dollars.
TE Connectivity Ltd. (TEL) FY2024 Q3 Statement of Cash Flows Sankey chart
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