TXN Q3 2016 Earnings Report — Texas Instruments Incorporated Revenue & Financial Results | Market Cap Arena

Texas Instruments IncorporatedTXN

Q3 2016 Earnings

Reported November 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$1.4B	—	—	—	—
Gross Margin	62.0%	—	—	—	—
Net Margin	26.3%	—	—	—	—
EPS (Diluted)	$0.98	—	—	—	—
Free Cash Flow	$1.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.3B
R&D Expenses	$353M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$442M
Other Expenses	$81M
Operating Expenses	$876M
Cost & Expenses	$2.3B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$363M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	-$50M
NET INCOME	$968M
Net Income Deductions	-$51M
BOTTOM LINE NET INCOME	$1.0B
D&A	$237M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.3B
R&D Expenses	$353M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$442M
Other Expenses	$81M
Operating Expenses	$876M
Cost & Expenses	$2.3B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$363M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	-$50M
NET INCOME	$968M
Net Income Deductions	-$51M
BOTTOM LINE NET INCOME	$1.0B
D&A	$237M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$968M
Depreciation & Amortization	$237M
Stock-Based Compensation	$56M
Deferred Income Tax	-$125M
Other Non-Cash Items	$7M
Change in Working Capital	$270M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$139M
Acquisitions (Net)	$139M
Purchases of Investments	-$978M
Sales/Maturities of Investments	$515M
Other Investing Activities	-$140M
NET CASH FROM INVESTING	-$603M
Net Debt Issuance	$0
Common Stock Repurchased	-$500M
Common Dividends Paid	-$382M
Other Financing Activities	$52M
NET CASH FROM FINANCING	-$676M
FREE CASH FLOW	$1.3B
Net Change in Cash	$134M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$1.8B
Net Receivables	$1.4B
Inventory	$1.8B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.2B
PP&E (Net)	$2.5B
Goodwill	$4.4B
Intangible Assets	$1.4B
Long-Term Investments	$233M
Tax Assets	$355M
Other Non-Current Assets	$146M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$16.2B
Account Payables	$428M
Short-Term Debt	$634M
Deferred Revenue	$68M
Other Current Liabilities	-$68M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$3.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$35M
Other Non-Current Liabilities	$748M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$5.9B
Common Stock	$1.7B
Additional Paid-In Capital	$1.8B
Retained Earnings	$32.4B
Treasury Stock	-$25.1B
Accum. Other Comp. Income	-$542M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.3B
Minority Interest	$0
TOTAL EQUITY	$10.3B
TOTAL LIABILITIES & EQUITY	$16.2B
Total Debt	$3.6B
Net Debt	$2.2B