TEXAS INSTRUMENTS INCORPORATED TXN Income Statement

Texas instruments incorporated (TXN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue
14,118	14,383	14,750	15,240	15,589	15,784	15,817	15,672	15,348	14,961	14,625	14,184	13,764	13,370	13,145	12,899	12,858	13,000	13,080	13,152	13,212	13,045	12,805	12,548	12,303	12,205	12,155	12,301	12,589	12,825	13,265	13,341	13,464	13,735	13,841	14,115	14,153	13,966	13,445	12,585	11,546	10,427	10,810	11,281	0	0	0
Cost of revenue (COR)
5,127	5,219	5,276	5,408	5,498	5,507	5,507	5,510	5,431	5,347	5,314	5,245	5,192	5,113	5,144	5,185	5,270	5,425	5,491	5,516	5,576	5,618	5,632	5,640	5,706	5,841	5,986	6,171	6,378	6,457	6,796	6,868	6,889	6,963	6,746	6,725	6,622	6,474	6,235	5,933	5,664	5,428	5,756	5,959	0	0	0
Gross profit
8,991	9,164	9,474	9,832	10,091	10,277	10,310	10,162	9,917	9,614	9,311	8,939	8,572	8,257	8,001	7,714	7,588	7,575	7,589	7,636	7,636	7,427	7,173	6,908	6,597	6,364	6,169	6,130	6,211	6,368	6,469	6,473	6,575	6,772	7,095	7,390	7,531	7,492	7,210	6,652	5,882	4,999	5,054	5,322	0	0	0
Research and development (R&D)
1,532	1,544	1,558	1,569	1,563	1,559	1,545	1,530	1,524	1,508	1,462	1,440	1,403	1,356	1,309	1,272	1,251	1,267	1,285	1,301	1,330	1,358	1,393	1,429	1,469	1,522	1,601	1,696	1,787	1,877	1,926	1,858	1,802	1,715	1,632	1,654	1,622	1,570	1,532	1,483	1,460	1,476	1,630	1,750	0	0	0
Selling, general and administrative (SG&A)
1,648	1,645	1,647	1,644	1,665	1,684	1,679	1,695	1,688	1,694	1,690	1,720	1,740	1,742	1,722	1,714	1,730	1,728	1,772	1,801	1,803	1,843	1,877	1,879	1,878	1,858	1,828	1,816	1,801	1,804	1,814	1,749	1,704	1,638	1,586	1,589	1,556	1,519	1,476	1,425	1,374	1,320	1,362	1,450	0	0	0
Acquisition charges
259	288	317	318	317	318	318	318	318	318	319	319	319	319	320	323	326	329	330	330	330	330	331	334	338	341	345	365	383	450	516	557	466	315	162	15	2	0	0	0	0	-	-	-	-	-	-
Restructuring charges/other
-	-	-38	-37	-	3	8	8	8	11	-12	-12	-13	-15	-63	-64	-67	-71	-30	-39	-42	-51	38	63	-215	-189	112	-26	269	264	13	135	122	112	-142	-138	-121	-111	43	49	117	212	200	190	0	0	0
Operating profit
5,588	5,723	5,990	6,338	6,544	6,713	6,760	6,611	6,379	6,083	5,852	5,472	5,123	4,855	4,713	4,469	4,348	4,322	4,232	4,243	4,215	3,947	3,534	3,203	3,127	2,832	2,283	2,279	1,971	1,973	2,200	2,174	2,481	2,992	3,857	4,270	4,472	4,514	4,159	3,695	2,931	1,991	1,862	1,932	0	0	0
Other income (expense), net (OI&E)
164	175	145	134	106	98	83	80	82	75	251	222	188	155	-58	-43	-32	-16	22	19	19	21	31	24	21	17	37	65	63	47	12	-31	-19	5	19	46	40	37	25	19	28	26	30	45	0	0	0
Interest and debt expense
177	170	161	154	140	125	110	93	83	78	76	75	76	80	83	87	90	90	90	91	91	94	96	97	97	95	94	91	87	85	83	77	63	42	21	6	0	-	0	0	-	-	-	-	-	-	-
Income before income taxes
5,575	5,728	5,974	6,318	6,510	6,686	6,733	6,598	6,378	6,080	6,027	5,619	5,235	4,930	4,572	4,339	4,226	4,216	4,164	4,171	4,143	3,874	3,469	3,130	3,051	2,754	2,226	2,253	1,947	1,935	2,129	2,066	2,399	2,955	3,855	4,310	4,512	4,551	4,184	3,714	2,959	2,017	1,892	1,977	0	0	0
Provision for income taxes
601	711	788	987	1,079	1,106	2,048	2,198	2,327	2,398	1,642	1,501	1,354	1,335	1,188	1,175	1,185	1,230	1,189	1,168	1,153	1,053	962	820	764	592	311	183	91	176	337	457	564	719	974	1,171	1,276	1,323	1,243	1,094	848	547	514	549	0	0	0
Net income
4,974	5,017	5,186	5,331	5,431	5,580	4,685	4,400	4,051	3,682	4,385	4,118	3,881	3,595	3,384	3,164	3,041	2,986	2,975	3,003	2,990	2,821	2,507	2,310	2,287	2,162	1,915	2,070	1,856	1,759	1,792	1,609	1,835	2,236	2,881	3,139	3,236	3,228	2,941	2,620	2,111	1,470	1,378	1,428	0	0	0
Basic (in dollars per share)
1.25	1.15	1.51	1.38	1.29	1.29	1.61	1.43	1.38	0.35	1.29	1.05	0.99	1.03	1.00	0.81	0.70	0.81	0.77	0.66	0.62	0.77	0.77	0.63	0.44	0.47	0.56	0.59	0.32	0.24	0.68	0.38	0.23	0.26	0.52	0.57	0.56	0.79	0.71	0.63	0.53	0.53	0.42	0.20	0.01	0.43	0.44
Diluted (in dollars per share)
1.24	1.13	1.49	1.36	1.26	1.26	1.58	1.40	1.35	0.35	1.26	1.03	0.97	1.02	0.98	0.79	0.69	0.80	0.76	0.65	0.61	0.75	0.76	0.62	0.44	0.45	0.56	0.58	0.32	0.24	0.67	0.38	0.22	0.26	0.51	0.56	0.55	0.77	0.71	0.62	0.52	0.52	0.42	0.20	0.01	0.43	0.44
Average shares outstanding (millions):
Basic (in shares)
931	933	935	937	939	951	969	977	983	984	988	994	998	998	1,003	1,004	1,007	1,013	1,023	1,038	1,046	1,048	1,060	1,071	1,081	1,086	1,096	1,103	1,107	1,115	1,130	1,140	1,143	1,137	1,144	1,156	1,167	2,403	1,184	1,208	0	2,497	0	1,267	1,275	1,304	1,320
Diluted (in shares)
943	949	950	953	956	969	989	997	1,005	1,006	1,008	1,015	1,019	1,019	1,023	1,020	1,022	1,025	1,035	1,051	1,061	1,064	1,074	1,086	1,096	1,101	1,111	1,117	1,123	1,124	1,141	1,154	1,165	1,153	1,157	1,180	1,194	2,434	1,196	1,221	0	2,526	0	1,272	1,277	1,315	1,338
Diluted EPS:
Cash dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.50	0.50	0.50	-	0.38	0.38	0.38	0.38	0.34	0.34	0.34	0.34	0.30	0.30	0.30	0.30	0.28	0.28	0.21	0.21	0.17	0.17	0.17	0.17	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.10	0.10
Net income
4,974	5,017	5,186	5,331	5,431	5,580	4,685	4,400	4,051	3,682	4,385	4,118	3,881	3,595	3,384	3,164	3,041	2,986	2,975	3,003	2,990	2,821	2,507	2,310	2,287	2,162	1,915	2,070	1,856	1,759	1,792	1,609	1,835	2,236	2,881	3,139	3,236	3,228	2,941	2,620	2,111	1,470	0	0	0	-	-
Income allocated to RSUs
29	31	33	36	39	42	35	35	34	33	45	45	45	44	42	42	42	42	43	45	45	43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income allocated to common stock for diluted EPS
4,945	4,986	5,153	5,295	5,392	5,538	4,650	4,365	4,017	3,649	4,340	4,073	3,836	3,551	3,342	3,122	2,999	2,944	2,932	2,958	2,945	2,778	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-