TI reports 1Q14 financial results and shareholder returns

Capital expenditures for the past twelve months were 3 percent of revenue.

Cash return

Amounts are in millions of dollars.




Trailing 12 Months



1Q14


1Q14

1Q13

Change

Dividends paid

$     325


$ 1,268

$    856

48%

Stock repurchases

$     720


$ 2,909

$ 2,179

34%

Total cash returned

$  1,045


$ 4,177

$ 3,035

38%

Total cash returned over the past twelve months was 99 percent of the company's targeted cash return model (free cash flow minus net debt retirement plus proceeds from exercises of equity compensation).

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

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





For Three Months Ended Mar. 31,



2014


2013






Revenue


$          2,983


$           2,885

Cost of revenue


1,376


1,511

Gross profit


1,607


1,374

Research and development (R&D)


366


419

Selling, general and administrative (SG&A)


479


459

Acquisition charges


83


86

Restructuring charges/other


(11)


15

Operating profit


690


395

Other income (expense), net


6


2

Interest and debt expense


25


23

Income before income taxes


671


374

Provision for income taxes


184


12

Net income


$             487


$              362






Earnings per common share:





  Basic


$              .44


$               .32

  Diluted


$              .44


$               .32






Average shares outstanding (millions):





  Basic


1,081


1,107

  Diluted


1,096


1,123






Cash dividends declared per share of common stock


$              .30


$               .21






Percentage of revenue:





Gross profit


53.9%


47.6%

R&D


12.3%


14.5%

SG&A


16.1%


15.9%

Operating profit


23.1%


13.7%


As required by accounting rule ASC 260, net income allocated to unvested restricted stock units (RSUs), on which we pay dividend equivalents, is excluded from the calculation of EPS. $7 million is excluded for both the quarters ending March 31, 2014 and 2013. 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Latest Blog Posts
Jacek HankeEDACafe Editorial
by Jacek Hanke
EDACafe Industry Predictions for 2020 – DCD
Colin WallsEmbedded Software
by Colin Walls
struct vs class in C++
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Revenue Increase Offers Welcome News to Start 2020
Jobs
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Senior Software Developer…Compilers…MA.  for EDA Careers at Boston Area, Massachusetts
Senior Software Architect Internet for EDA Careers at San Jose, California
Salesforce Technical Lead   East Coast  for EDA Careers at Cherry Hill, New Jersey
Ecommerce Account Manager for Bright Atlas LLC at Miami Gardens, Florida
Upcoming Events
RWW 2020 at San Antonio TX - Jan 26 - 29, 2020
DesignCon 2020 at Santa Clara Convention Center Santa Clara CA - Jan 28 - 30, 2020
3D Printing Electronics Conference at High Tech Campus 1b 5656 AE Eindhoven Netherlands - Jan 28, 2020
DesignCon 2020 at 5001 Great America Pkwy Santa Clara CA - Jan 28 - 30, 2020



Internet Business Systems © 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise