Texas Instruments Incorporated (TXN) — Cash Flow Reinvestment Rate

Latest as of June 2026: 0.85x

Texas Instruments Incorporated (TXN) has a Cash Flow Reinvestment Rate of 0.85x as of June 2026, reinvesting $2.29 Billion (capex $514.00 Million plus investments $-1.77 Billion) from operating cash flow of $2.70 Billion. See Texas Instruments Incorporated free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.85x
(Capex + Investments) / Operating CF

Total Reinvested

$2.29 Billion
Capex + Investments

Operating Cash Flow

$2.70 Billion
USD

Capital Expenditures

$514.00 Million
USD

Texas Instruments Incorporated Cash Flow Reinvestment Rate (1989–2025)

Historical reinvestment intensity for Texas Instruments Incorporated across 37 annual periods. For the full cash flow conversion analysis, see TXN operating cash flow.

Annual Cash Flow Reinvestment Rate for Texas Instruments Incorporated (1989–2025)

Year-by-year capital reinvestment analysis for Texas Instruments Incorporated. See Texas Instruments Incorporated (TXN) financial flexibility to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 1.03x $7.33 Billion $7.15 Billion $4.55 Billion ▼ -19.2%
2024 1.27x $8.02 Billion $6.32 Billion $4.82 Billion ▼ -13.6%
2023 1.47x $9.43 Billion $6.42 Billion $5.07 Billion ▲ +100.8%
2022 0.73x $6.38 Billion $8.72 Billion $2.80 Billion ▲ +55.9%
2021 0.47x $4.11 Billion $8.76 Billion $2.46 Billion ▲ +223.6%
2020 0.14x $890.00 Million $6.14 Billion $649.00 Million ▼ -51.4%
2019 0.30x $1.98 Billion $6.65 Billion $847.00 Million ▼ -2.5%
2018 0.31x $2.20 Billion $7.19 Billion $1.13 Billion ▲ +42.0%
2017 0.22x $1.16 Billion $5.36 Billion $695.00 Million ▲ +54.3%
2016 0.14x $644.00 Million $4.61 Billion $531.00 Million ▼ -11.9%
2015 0.16x $676.00 Million $4.27 Billion $551.00 Million ▲ +17.2%
2014 0.14x $526.00 Million $3.89 Billion $385.00 Million ▼ -39.3%
2013 0.22x $754.00 Million $3.38 Billion $412.00 Million ▼ -26.8%
2012 0.30x $1.04 Billion $3.41 Billion $495.00 Million ▲ +14.0%
2011 0.27x $869.00 Million $3.26 Billion $816.00 Million ▼ -26.8%
2010 0.36x $1.39 Billion $3.82 Billion $1.20 Billion ▲ +2.3%
2009 0.36x $941.00 Million $2.64 Billion $753.00 Million ▲ +55.4%
2008 0.23x $763.00 Million $3.33 Billion $763.00 Million ▲ +47.2%
2007 0.16x $686.00 Million $4.41 Billion $686.00 Million ▼ -69.9%
2006 0.52x $1.27 Billion $2.46 Billion $1.27 Billion ▲ +46.6%
2005 0.35x $1.33 Billion $3.77 Billion $1.33 Billion ▼ -14.5%
2004 0.41x $1.30 Billion $3.15 Billion $1.30 Billion ▲ +10.9%
2003 0.37x $800.00 Million $2.15 Billion $800.00 Million ▼ -7.6%
2002 0.40x $802.00 Million $1.99 Billion $802.00 Million ▼ -59.1%
2001 0.98x $1.79 Billion $1.82 Billion $1.79 Billion ▼ -22.2%
2000 1.26x $2.76 Billion $2.19 Billion $2.76 Billion ▲ +117.0%
1999 0.58x $1.37 Billion $2.36 Billion $1.37 Billion ▼ -29.3%
1998 0.82x $1.03 Billion $1.25 Billion $1.03 Billion ▲ +27.5%
1997 0.65x $1.24 Billion $1.92 Billion $1.24 Billion ▼ -72.3%
1996 2.33x $2.06 Billion $884.00 Million $2.06 Billion ▲ +170.3%
1995 0.86x $1.44 Billion $1.67 Billion $1.44 Billion ▲ +22.9%
1994 0.70x $1.08 Billion $1.53 Billion $1.08 Billion ▼ -10.1%
1993 0.78x $730.00 Million $934.00 Million $730.00 Million ▲ +45.9%
1992 0.54x $429.00 Million $801.00 Million $429.00 Million ▼ -55.7%
1991 1.21x $504.00 Million $417.00 Million $504.00 Million ▼ -7.7%
1990 1.31x $909.00 Million $694.00 Million $909.00 Million ▲ +21.3%
1989 1.08x $862.50 Million $798.50 Million $862.50 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow