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Actionable news in TXN: Texas Instruments Incorporated,

Texas Instruments Incorporated And Subsidiaries

The following excerpt is from the company's SEC filing.

Consolidated Statements of Income

(Millions of dollars, except share and per-share amounts)

For Three Months Ended

Revenue

Cost of revenue (COR)

Gross profit

Research and development (R&D)

Selling, general and administrative (SG&A)

Acquisition charges

Restructuring charges/other

Operating profit

Other income (expense), net (OI&E)

Interest and debt expense

Income before income taxes

Provision for income taxes

Net income

Diluted earnings per common share

Average diluted shares out standing (millions)

Cash dividends declared per common share

As a result of accounting rule ASC 260, which requires a portion of Net income to be allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents, diluted EPS is calculated using the following:

Income allocated to RSUs

Income allocated to common stock for diluted EPS

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

(Millions of dollars, except share amounts)

Assets

Current assets:

Cash and cash equivalents

Short-term investments

Accounts receivable, net of allowances of ($16) and ($15)

Raw materials

Work in process

Finished goods

Inventories

Deferred income taxes

Prepaid expenses and other current assets

Total current assets

Property, plant and equipment at cost

Accumulated depreciation

(3,113

(3,463

Property, plant and equipment, net

Long-term investments

Goodwill, net

Acquisition-related intangibles, net

Capitalized software licenses, net

Overfunded retirement plans

Other assets

Total assets

16,540

17,900

Liabilities and stockholders’ equity

Current liabilities:

Current portion of long-term debt

Accounts payable

Accrued compensation

Income taxes payable

Accrued expenses and other liabilities

Total current liabilities

Long-term debt

Underfunded retirement plans

Deferred credits and other liabilities

Total liabilities

Stockholders’ equity:

Preferred stock, $25 par value. Authorized – 10,000,000 shares

Participating cumulative preferred – None issued

Common stock, $1 par value. Authorized – 2,400,000,000 shares

Shares issued – 1,740,815,939

Paid-in capital

Retained earnings

30,731

29,189

Treasury common stock at cost

Shares: September 30, 2015 – 721,186,352; September 30, 2014

– 684,515,992

(23,551

(21,305

Accumulated other comprehensive income (loss), net of taxes (AOCI)

Total stockholders’ equity

10,471

Total liabilities and stockholders’ equity

Consolidated Statements of Cash Flows

(Millions of dollars)

Cash flows from operating activities

Adjustments to Net income:

Depreciation

Amortization of acquisition-related intangibles

Amortization of capitalized software

Stock-based compensation

Gains on sales of assets

Increase (decrease) from changes in:

Accounts payable and accrued expenses

Changes in funded status of retirement plans

Cash flows from investing activities

Capital expenditures

Proceeds from asset sales

Purchases of short-term investments

Proceeds from short-term investments

Cash flows from financing activities

Repayment of debt

Dividends paid

Stock repurchases

Proceeds from common stock transactions

Excess tax benefit from share-based payments

(1,849

Net change in Cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

3Q15 segment results

Amounts are in millions of dollars.

Analog:

Embedded Processing:

Other:

Operating profit*

* Includes Acquisition charges and Restructuring...


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