Texas Instruments Incorporated (TXN)

Cash & equivalents yoy growth 0-5% – slight improvement. Peter Lynch would verify if this aligns with revenue trends and if working capital remains healthy.

Declining short-term investments could free up capital but reduces near-liquid buffer. Philip Fisher would examine if this supports growth or signals cash constraints.

Declining total liquid assets may signal capital redeployment or liquidity concerns. Howard Marks would investigate the underlying causes.

Net receivables growing more than 5% yoy – potential collection risk if top-line isn't equally strong. Philip Fisher would demand clarity on credit policy vs. revenue gains.

Inventory up to 5% yoy – slight buildup. Howard Marks might see it as acceptable if sales are rising similarly.

Declining current assets may signal efficient working capital or liquidity concerns. Benjamin Graham would investigate the composition of the decline.

Declining PP&E may indicate underinvestment or asset sales. Seth Klarman would question future capacity constraints.

Intangibles up to 5% yoy – small intangible addition. Howard Marks would verify if it's essential IP or a mere accounting addition.

Up to 5% yoy – small intangible increase. Howard Marks would question if synergy or brand value justifies it.

Declining long-term investments may signal strategic refocus. Howard Marks would investigate if this improves capital allocation.

Above 5% yoy – possibly bigger operating losses or deferrals. Philip Fisher would question the root causes of rising tax credits.

Up to 5% yoy – slight expansion. Howard Marks would verify the purpose of these new or intangible assets.

Declining non-current assets may signal asset sales or underinvestment. Howard Marks would investigate future growth implications.

Declining total assets may signal asset sales or strategic downsizing. Seth Klarman would investigate the strategic rationale.

Above 5% yoy – possibly heightened near-term obligations. Philip Fisher would check for adequate liquidity or strong cash flows to service these debts.

Above 5% yoy – bigger jump in tax payable. Philip Fisher would confirm if it stems from stronger earnings or simply deferred payments that could strain liquidity.

Up to 15% yoy – moderate increase. Howard Marks watches if working capital covers this growth.

Up to 5% yoy – small increase. Howard Marks questions if cash flow comfortably covers new interest.

0-5% yoy – slight growth. Peter Lynch wonders if multi-year deals are steady or plateauing.

Above 10% yoy – bigger jump. Philip Fisher wants to know if this signals new burdens or uncertain future commitments.

Up to 5% yoy – small increase. Howard Marks questions if the firm's cash flow can handle incremental obligations.

Up to 10% yoy – modest increase. Howard Marks questions if incremental liabilities are productive.

0-5% yoy – slight gain. Peter Lynch wonders if net income or dividends cause slower growth.

Up to 20% yoy – moderate increase. Howard Marks warns these gains can reverse if markets shift.

Declining stockholders equity may signal losses or large distributions. Seth Klarman would investigate the underlying causes and sustainability.

Declining total capital may indicate asset sales or poor capital allocation. Howard Marks would investigate strategic implications.

Declining total investments may signal portfolio liquidation or limited opportunities. Benjamin Graham would investigate strategic focus.

Above 5% yoy – debt expansion. Philip Fisher demands clarity on whether new debt is productive or just adding leverage.

Above 5% yoy – net debt expansion. Philip Fisher demands clarity on the reason for higher leverage vs. cash.