TXN FY 2014 Earnings Report — Texas Instruments Incorporated Revenue & Financial Results | Market Cap Arena

Texas Instruments IncorporatedTXN

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$13.0B	—	—	—	—
Op. Income	$3.9B	—	—	—	—
Gross Margin	56.9%	—	—	—	—
Net Margin	21.6%	—	—	—	—
EPS (Diluted)	$2.57	—	—	—	—
Free Cash Flow	$3.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$13.0B
Cost of Revenue	$5.6B
GROSS PROFIT	$7.4B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.2B
Cost & Expenses	$9.1B
OPERATING INCOME	$3.9B
Interest Income	$13M
Interest Expense	$94M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$2.8B
D&A	$1.2B
EBIT	$4.0B
EBITDA	$5.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$13.0B
Cost of Revenue	$5.6B
GROSS PROFIT	$7.4B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.2B
Cost & Expenses	$9.1B
OPERATING INCOME	$3.9B
Interest Income	$13M
Interest Expense	$94M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$2.8B
D&A	$1.2B
EBIT	$4.0B
EBITDA	$5.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$277M
Deferred Income Tax	-$61M
Other Non-Cash Items	-$152M
Change in Working Capital	-$223M
OPERATING CASH FLOW	$3.9B
Capital Expenditure	-$385M
Acquisitions (Net)	$0
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$3.0B
Other Investing Activities	$149M
NET CASH FROM INVESTING	-$377M
Net Debt Issuance	-$502M
Common Stock Repurchased	-$2.8B
Common Dividends Paid	-$1.3B
Other Financing Activities	$159M
NET CASH FROM FINANCING	-$3.9B
FREE CASH FLOW	$3.5B
Net Change in Cash	-$428M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$2.3B
Net Receivables	$1.2B
Inventory	$1.8B
Other Current Assets	$504M
TOTAL CURRENT ASSETS	$7.8B
PP&E (Net)	$2.8B
Goodwill	$4.4B
Intangible Assets	$2.0B
Long-Term Investments	$224M
Tax Assets	$172M
Other Non-Current Assets	$371M
TOTAL NON-CURRENT ASSETS	$10.0B
TOTAL ASSETS	$17.7B
Account Payables	$437M
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$3.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$399M
Other Non-Current Liabilities	$630M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$7.3B
Common Stock	$1.7B
Additional Paid-In Capital	$1.4B
Retained Earnings	$29.7B
Treasury Stock	-$21.8B
Accum. Other Comp. Income	-$532M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.4B
Minority Interest	$0
TOTAL EQUITY	$10.4B
TOTAL LIABILITIES & EQUITY	$17.7B
Total Debt	$4.6B
Net Debt	$3.4B