10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2011 | |||
Consolidated statements of income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenue | $ 13,735 | 13,966 | 10,427 |
| Cost of revenue (COR) | 6,963 | 6,474 | 5,428 |
| Gross profit | 6,772 | 7,492 | 4,999 |
| Research and development (R&D) | 1,715 | 1,570 | 1,476 |
| Selling, general and administrative (SG&A) | 1,638 | 1,519 | 1,320 |
| Restructuring charges | 112 | 33 | 212 |
| Acquisition charges/divestiture (gain) | 315 | (144) | 0 |
| Operating profit | 2,992 | 4,514 | 1,991 |
| Other income (expense) net (OI&E) | 5 | 37 | 26 |
| Interest and debt expense | 42 | 0 | 0 |
| Income before income taxes | 2,955 | 4,551 | 2,017 |
| Provision for income taxes | 719 | 1,323 | 547 |
| Net income | 2,236 | 3,228 | 1,470 |
| Earnings per common share: | |||
| Basic | 1.91 | 2.66 | 1.16 |
| Diluted | 1.88 | 2.62 | 1.15 |
| Average shares outstanding (millions): | |||
| Basic | 1,151 | 1,199 | 1,260 |
| Diluted | 1,171 | 1,213 | 1,269 |
| Cash dividends declared per share of common stock | 0.56 | 0.49 | 0.45 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2011 | |||
Consolidated statements of comprehensive income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net income | $ 2,236 | 3,228 | 1,470 |
| Other comprehensive income (loss): | |||
| Available-for-sale investments: | |||
| Unrealized gains (losses), net of tax benefit (expense) of $1, ($3) and ($9) | (2) | 7 | 17 |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($7), $0 and ($3) | 12 | 0 | 6 |
| Net actuarial gains (losses) of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $65, $61 and ($38) | (124) | (154) | 91 |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($28), ($36) and ($27) | 48 | 65 | 62 |
| Prior service cost of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $5, ($1) and $1 | (9) | 2 | (1) |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($1), $0 and $3 | 2 | 0 | (6) |
| Change in fair value of derivative instrument, net of tax benefit (expense) of $1 | (2) | 0 | 0 |
| Total | (75) | (80) | 169 |
| Total comprehensive income | 2,161 | 3,148 | 1,639 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2011 | |||
Consolidated statements of cash flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,236 | 3,228 | 1,470 |
| Adjustments to net income: | |||
| Depreciation | 904 | 865 | 877 |
| Stock-based compensation | 269 | 190 | 186 |
| Amortization of acquisition-related intangibles | 111 | 48 | 48 |
| Gain on sales of assets and divestiture | (5) | (144) | 0 |
| Deferred income taxes | (119) | (188) | 146 |
| Increase (decrease) from changes in: | |||
| Accounts receivable | 112 | (231) | (364) |
| Inventories | (17) | (304) | 177 |
| Prepaid expenses and other current assets | (29) | (8) | 115 |
| Accounts payable and accrued expenses | 2 | 57 | 5 |
| Accrued compensation | (77) | 246 | (38) |
| Income taxes payable | (85) | (19) | 87 |
| Other | (46) | 80 | (66) |
| Net cash provided by operating activities | 3,256 | 3,820 | 2,643 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (816) | (1,199) | (753) |
| Proceeds from insurance recovery, asset sales and divestiture | 16 | 148 | 0 |
| Purchases of short-term investments | (3,653) | (2,510) | (2,273) |
| Sales, redemptions and maturities of short-term investments | 3,555 | 2,564 | 2,030 |
| Purchases of long-term investments | (6) | (8) | (9) |
| Redemptions and sales of long-term investments | 157 | 147 | 64 |
| Business acquisitions: | |||
| Property, plant and equipment | (865) | (200) | (3) |
| Inventories | (225) | (14) | (4) |
| Other | (4,335) | 15 | (148) |
| Business acquisitions, net of cash acquired | (5,425) | (199) | (155) |
| Net cash used in investing activities | (6,172) | (1,057) | (1,096) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt and commercial paper borrowings | 4,697 | 0 | 0 |
| Issuance costs for long-term debt | (12) | 0 | 0 |
| Repayment of commercial paper borrowings | (200) | 0 | 0 |
| Dividends paid | (644) | (592) | (567) |
| Sales and other common stock transactions | 690 | 407 | 109 |
| Excess tax benefit from share-based payments | 31 | 13 | 1 |
| Stock repurchases | (1,973) | (2,454) | (954) |
| Net cash provided by (used in) financing activities | 2,589 | (2,626) | (1,411) |
| Net (decrease) increase in cash and cash equivalents | (327) | 137 | 136 |
| Cash and cash equivalents at beginning of year | 1,319 | 1,182 | |
| Cash and cash equivalents at end of year | 992 | 1,319 | 1,182 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2011 | ||
Consolidated balance sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 992 | 1,319 |
| Short-term investments | 1,943 | 1,753 |
| Accounts receivable, net of allowances of ($19) and ($18) | 1,545 | 1,518 |
| Raw materials | 115 | 122 |
| Work in process | 1,004 | 919 |
| Finished goods | 669 | 479 |
| Inventories | 1,788 | 1,520 |
| Deferred income taxes | 1,174 | 770 |
| Prepaid expenses and other current assets | 386 | 180 |
| Total current assets | 7,828 | 7,060 |
| Property, plant and equipment at cost | 7,133 | 6,907 |
| Less accumulated depreciation | (2,705) | (3,227) |
| Property, plant and equipment, net | 4,428 | 3,680 |
| Long-term investments | 265 | 453 |
| Goodwill | 4,452 | 924 |
| Acquisition-related intangibles, net | 2,900 | 76 |
| Deferred income taxes | 321 | 927 |
| Capitalized software licenses, net | 206 | 205 |
| Overfunded retirement plans | 40 | 31 |
| Other assets | 57 | 45 |
| Total assets | 20,497 | 13,401 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Commercial paper | 999 | 0 |
| Current portion of long-term debt | 382 | 0 |
| Accounts payable | 625 | 621 |
| Accrued compensation | 597 | 629 |
| Income taxes payable | 101 | 109 |
| Accrued expenses and other liabilities | 795 | 622 |
| Total current liabilities | 3,499 | 1,981 |
| Long-term debt | 4,211 | 0 |
| Underfunded retirement plans | 701 | 519 |
| Deferred income taxes | 607 | 86 |
| Deferred credits and other liabilities | 527 | 378 |
| Total liabilities | 9,545 | 2,964 |
| Stockholders' equity: | ||
| Preferred stock, $25 par value. Authorized 10,000,000 shares. Participating cumulative preferred. None issued. | 0 | 0 |
| Common stock, $1 par value. Authorized 2,400,000,000 shares. Shares issued: 2011 1,740,630,391; 2010 1,740,166,101 | 1,741 | 1,740 |
| Paid-in capital | 1,194 | 1,114 |
| Retained earnings | 26,278 | 24,695 |
| Less treasury common stock at cost. Shares: 2011 601,131,631; 2010 572,722,397 | (17,485) | (16,411) |
| Accumulated other comprehensive income (loss), net of taxes | (776) | (701) |
| Total stockholders' equity | 10,952 | 10,437 |
| Total liabilities and stockholders' equity | 20,497 | 13,401 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |