TXN FY 2012 Earnings Report — Texas Instruments Incorporated Revenue & Financial Results | Market Cap Arena

Texas Instruments IncorporatedTXN

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$12.8B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	49.7%	—	—	—	—
Net Margin	13.7%	—	—	—	—
EPS (Diluted)	$1.51	—	—	—	—
Free Cash Flow	$2.9B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$6.5B
GROSS PROFIT	$6.4B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$10.1B
OPERATING INCOME	$2.0B
Interest Income	$40M
Interest Expense	$85M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$176M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.4B
EBIT	$2.0B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$6.5B
GROSS PROFIT	$6.4B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$10.1B
OPERATING INCOME	$2.0B
Interest Income	$40M
Interest Expense	$85M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$176M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.4B
EBIT	$2.0B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$263M
Deferred Income Tax	$65M
Other Non-Cash Items	-$303M
Change in Working Capital	$331M
OPERATING CASH FLOW	$3.4B
Capital Expenditure	-$495M
Acquisitions (Net)	$0
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$117M
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$819M
Other Financing Activities	$28M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$2.9B
Net Change in Cash	$424M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$2.5B
Net Receivables	$1.2B
Inventory	$1.8B
Other Current Assets	$473M
TOTAL CURRENT ASSETS	$8.2B
PP&E (Net)	$3.9B
Goodwill	$4.4B
Intangible Assets	$2.7B
Long-Term Investments	$215M
Tax Assets	$280M
Other Non-Current Assets	$322M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$20.1B
Account Payables	$444M
Short-Term Debt	$1.5B
Deferred Revenue	$988M
Other Current Liabilities	$204M
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$4.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$572M
Other Non-Current Liabilities	$872M
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$9.1B
Common Stock	$1.7B
Additional Paid-In Capital	$1.2B
Retained Earnings	$27.2B
Treasury Stock	-$18.5B
Accum. Other Comp. Income	-$699M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.0B
Minority Interest	$0
TOTAL EQUITY	$11.0B
TOTAL LIABILITIES & EQUITY	$20.1B
Total Debt	$5.7B
Net Debt	$4.3B