TI reports third quarter 2019 financial results and shareholder returns

 

Segment results

Amounts are in millions of dollars.


Q3 2019


Q3 2018


Change

Analog:






Revenue

$

2,674


$

2,907


(8)%

Operating profit

$

1,231


$

1,447


(15)%

Embedded Processing:






Revenue

$

724


$

894


(19)%

Operating profit

$

233


$

309


(25)%

Other:






Revenue

$

373


$

460


(19)%

Operating profit*

$

125


$

181


(31)%


* Includes acquisition charges and restructuring charges/other.

 

Compared with the year-ago quarter:

Analog: (includes Power, Signal Chain and High Volume)

  • Revenue decreased in Power, Signal Chain and High Volume.
  • Operating profit decreased primarily due to lower revenue and associated gross profit.

Embedded Processing: (includes Connected Microcontrollers and Processors)

  • Revenue decreased in both product lines.
  • Operating profit decreased due to lower revenue and associated gross profit.

Other: (includes DLP® products, calculators and custom ASIC products)

  • Revenue decreased by $87 million, and operating profit decreased by $56 million.

 

Non-GAAP financial information

This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting capital expenditures from the most directly comparable GAAP measure, cash flows from operating activities (also referred to as cash flow from operations).

We believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.

Reconciliation to the most directly comparable GAAP measures is provided in the table below.

Amounts are in millions of dollars.

 


For 12 Months Ended




September 30,




2019


2018


Change

Cash flow from operations (GAAP)

$

7,040


$

6,973


1%

Capital expenditures

(1,007)


(1,039)



Free cash flow (non-GAAP)

$

6,033


$

5,934


2%







Revenue

$

14,750


$

15,817









Cash flow from operations as a percent of revenue (GAAP)

47.7%


44.1%



Free cash flow as a percent of revenue (non-GAAP)

40.9%


37.5%




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



Review Article Be the first to review this article
Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
A quick look at the 2021 Linley Fall Processor Conference
More Editorial  
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
An Update on Functional Safety and ISO 26262
Vincent ThibautArteris IP Blog
by Vincent Thibaut
Why Automate Traceability?
Jobs
Business Operations Planner for Global Foundaries at Santa Clara, California
CSM Design Verification Lead for Apple Inc at Cupertino, California
Logic Design Engineer for Intel at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
NAND Hardware Engineer for Apple Inc at Cupertino, California
Upcoming Events
RISC-V Summit 2021 - Virtually or in-person at Moscone Center West Hall 747 Howard St San Francisco CA - Dec 6 - 8, 2021
Where is the Functional Safety Standard and Why Adopt It? at Design Automation Conference Moscone West, Room 3001 San Francisco CA - Dec 6, 2021
Semicon West Hybrid 2021 at Moscone North and South San Francisco, CA - Dec 7 - 9, 2021
67th Annual IEEE International Electron Devices Meeting at Hilton San Francisco Union Square hotel San Francisco - Dec 11 - 15, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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