TE Connectivity (NYSE:TEL) Preferred Stock

: $0 Mil (As of Dec. 2022)

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Preferred stock is a special equity security that has properties of both equity and debt. TE Connectivity's preferred stock for the quarter that ended in Dec. 2022 was $0 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. TE Connectivity's Enterprise Value for the quarter that ended in Dec. 2022 was $39,894 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. TE Connectivity's Book Value per Share for the quarter that ended in Dec. 2022 was $35.88.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). TE Connectivity's Earnings per Share (Diluted) for the three months ended in Dec. 2022 was $1.24.

TE Connectivity Preferred Stock Historical Data

The historical data trend for TE Connectivity's Preferred Stock can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TE Connectivity Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Preferred Stock

TE Connectivity Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Preferred Stock																-	-	-	-	-

TE Connectivity Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:

Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.

TE Connectivity (NYSE:TEL) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

TE Connectivity's Enterprise Value for the quarter that ended in Dec. 2022 is calculated as

	Enterprise Value
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest
=	36364.7368	+	0	+	3398	+	820	+	104
-	Cash, Cash Equivalents, Marketable Securities
-	793
=	39,894

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

TE Connectivity's Book Value per Share for the quarter that ended in Dec. 2022 is calculated as

Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (Diluted Average)
	=	(11364	-	0)	/	316.766
	=	35.88

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

TE Connectivity's Earnings per Share (Diluted) (EPS) for the three months ended in Dec. 2022 is calculated as

Earnings per Share (Diluted)	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(397	-	0)	/	319.000
	=	1.24

TE Connectivity Preferred Stock Related Terms

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TE Connectivity (NYSE:TEL) Business Description

Industry

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T1EL34:Brazil

Address

Muhlenstrasse 26, Schaffhausen, CHE, CH-8200

Website

https://www.te.com

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE Connectivity has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

Executives

Syaru Shirley Lin	director
Aaron Kyle Stucki	officer: Pres. Communications Solutions	1050 WESTLAKES DRIVE, BERWYN PA 19312
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Dawn C Willoughby	director	1221 BROADWAY, OAKLAND CA 94612
Kevin N Rock	officer: President, Industrial Solution	1050 WESTLAKES DRIVE, BERWYN PA 19312
David M Kerko	director	C/O KKR, 9 WEST 57TH STREET, 41ST FLOOR, NEW YORK NY 10019
Shadrak W Kroeger	officer: Pres., Communications Solution	1050 WESTLAKES DRIVE, BERWYN PA 19312
Abhijit Y Talwalkar	director	ONE AMD PLACE, PO BOX 3453, SUNNYVALE CA 94088
Heath A Mitts	officer: EVP & Chief Financial Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Tim Murphy	officer: SVP & CHRO	1050 WESTLAKES DRIVE, BERWYN PA 19312
Mark Trudeau	director	COVIDIEN PLC, 15 HAMPSHIRE STREET, MANSFIELD MA 02048
Carol Anthony Davidson	director
Laura Wright	director	2702 LOVE FIELD DRIVE, P.O. BOX 36611, DALLAS TX 75235-1611
John S Jenkins	officer: EVP & General Counsel	1050 WESTLAKES DRIVE, BERWYN PA 19312
Bradley Alan Gambill	officer: SVP, Strategy & Business Dev.	1050 WESTLAKES DRIVE, BERWYN PA 19312