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: 2009 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenue | $ 10,427,000 | 12,501,000 | 13,835,000 |
| Cost of revenue | 5,428,000 | 6,256,000 | 6,466,000 |
| Gross profit | 4,999,000 | 6,245,000 | 7,369,000 |
| Research and development | 1,476,000 | 1,940,000 | 2,140,000 |
| Selling, general and administrative | 1,320,000 | 1,614,000 | 1,680,000 |
| Restructuring expense | 212,000 | 254,000 | 52,000 |
| Operating profit | 1,991,000 | 2,437,000 | 3,497,000 |
| Other income (expense) net | 26,000 | 44,000 | 195,000 |
| Income from continuing operations before income taxes | 2,017,000 | 2,481,000 | 3,692,000 |
| Provision for income taxes | 547,000 | 561,000 | 1,051,000 |
| Income from continuing operations | 1,470,000 | 1,920,000 | 2,641,000 |
| Income from discontinued operations, net of income taxes | 0 | 0 | 16,000 |
| Net income | 1,470,000 | 1,920,000 | 2,657,000 |
| Basic earnings per common share: | |||
| Income from continuing operations | 1.16 | 1.46 | 1.86 |
| Net income | 1.16 | 1.46 | 1.87 |
| Diluted earnings per common share: | |||
| Income from continuing operations | 1.15 | 1.44 | 1.82 |
| Net income | 1.15 | 1.44 | 1.83 |
| Average shares outstanding (millions): | |||
| Basic | 1,260,000 | 1,308,000 | 1,417,000 |
| Diluted | 1,269,000 | 1,321,000 | 1,444,000 |
| Cash dividends declared per share of common stock | 0.45 | 0.41 | 0.30 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2009 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Income from continuing operations | $ 1,470,000 | 1,920,000 | 2,641,000 |
| Other comprehensive income (loss): | |||
| Available-for-sale investments: | |||
| Unrealized gains (losses), net of tax benefit (expense) of ($9), $20 and ($3) | 17,000 | (38,000) | 8,000 |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($3), $0 and $0 | 6,000 | 0 | (1,000) |
| Net actuarial loss of defined benefit plans: | |||
| Annual adjustment, net of tax benefit (expense) of ($38), $282 and ($19) | 91,000 | (476,000) | 5,000 |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($27), ($17) and ($12) | 62,000 | 32,000 | 28,000 |
| Prior service cost of defined benefit plans: | |||
| Annual adjustment, net of tax benefit (expense) of $1, $1 and $2 | (1,000) | 14,000 | (2,000) |
| Reclassification of recognized transactions, net of tax benefit (expense) of $3, ($1) and $1 | (6,000) | 2,000 | 1,000 |
| Total | 169,000 | (466,000) | 39,000 |
| Total comprehensive income from continuing operations | 1,639,000 | 1,454,000 | 2,680,000 |
| Income from discontinued operations, net of income taxes | 0 | 0 | 16,000 |
| Total comprehensive income | 1,639,000 | 1,454,000 | 2,696,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,470,000 | 1,920,000 | 2,657,000 |
| Adjustments to net income: | |||
| Income from discontinued operations | 0 | 0 | (16,000) |
| Depreciation | 877,000 | 1,022,000 | 1,022,000 |
| Stock-based compensation | 186,000 | 213,000 | 280,000 |
| Amortization of acquisition-related intangibles | 48,000 | 37,000 | 48,000 |
| Gains on sales of assets | 0 | 0 | (39,000) |
| Deferred income taxes | 146,000 | (182,000) | 34,000 |
| Increase (decrease) from changes in: | |||
| Accounts receivable | (364,000) | 865,000 | 40,000 |
| Inventories | 177,000 | 43,000 | 11,000 |
| Prepaid expenses and other current assets | 35,000 | (125,000) | 13,000 |
| Accounts payable and accrued expenses | (17,000) | (382,000) | 77,000 |
| Income taxes payable | 73,000 | 38,000 | 304,000 |
| Accrued profit sharing and retirement | (16,000) | (84,000) | 33,000 |
| Other | 28,000 | (35,000) | (57,000) |
| Net cash provided by operating activities | 2,643,000 | 3,330,000 | 4,407,000 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (753,000) | (763,000) | (686,000) |
| Proceeds from sales of assets | 0 | 0 | 61,000 |
| Purchases of short-term investments | (2,273,000) | (1,746,000) | (5,035,000) |
| Sales and maturities of short-term investments | 2,030,000 | 1,300,000 | 5,981,000 |
| Purchases of long-term investments | (9,000) | (9,000) | (30,000) |
| Redemptions and sales of long-term investments | 64,000 | 55,000 | 11,000 |
| Acquisitions, net of cash acquired | (155,000) | (19,000) | (87,000) |
| Net cash (used in) provided by investing activities | (1,096,000) | (1,182,000) | 215,000 |
| Cash flows from financing activities: | |||
| Payments on long-term debt | 0 | 0 | (43,000) |
| Dividends paid | (567,000) | (537,000) | (425,000) |
| Sales and other common stock transactions | 109,000 | 210,000 | 761,000 |
| Excess tax benefit from stock option exercises | 1,000 | 19,000 | 116,000 |
| Stock repurchases | (954,000) | (2,122,000) | (4,886,000) |
| Net cash used in financing activities | (1,411,000) | (2,430,000) | (4,477,000) |
| Net increase (decrease) in cash and cash equivalents | 136,000 | (282,000) | 145,000 |
| Cash and cash equivalents at beginning of year | 1,046,000 | 1,328,000 | |
| Cash and cash equivalents at end of year | 1,182,000 | 1,046,000 | 1,328,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2009 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 23, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,182,000 | 1,046,000 |
| Short-term investments | 1,743,000 | 1,494,000 |
| Accounts receivable, net of allowances | 1,277,000 | 913,000 |
| Inventories | 1,202,000 | 1,375,000 |
| Deferred income taxes | 546,000 | 695,000 |
| Prepaid expenses and other current assets | 164,000 | 267,000 |
| Total current assets | 6,114,000 | 5,790,000 |
| Property, plant and equipment at cost | 6,705,000 | 7,321,000 |
| Less accumulated depreciation | (3,547,000) | (4,017,000) |
| Property, plant and equipment, net | 3,158,000 | 3,304,000 |
| Long-term investments | 637,000 | 653,000 |
| Goodwill | 926,000 | 840,000 |
| Acquisition-related intangibles | 124,000 | 91,000 |
| Deferred income taxes | 926,000 | 990,000 |
| Capitalized software licenses, net | 119,000 | 182,000 |
| Overfunded retirement plans | 64,000 | 17,000 |
| Other assets | 51,000 | 56,000 |
| Total assets | 12,119,000 | 11,923,000 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | 503,000 | 324,000 |
| Accrued expenses and other liabilities | 841,000 | 1,034,000 |
| Income taxes payable | 128,000 | 40,000 |
| Accrued profit sharing and retirement | 115,000 | 134,000 |
| Total current liabilities | 1,587,000 | 1,532,000 |
| Underfunded retirement plans | 425,000 | 640,000 |
| Deferred income taxes | 67,000 | 59,000 |
| Deferred credits and other liabilities | 318,000 | 366,000 |
| Total liabilities | 2,397,000 | 2,597,000 |
| 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: 2009 - 1,739,811,721; 2008 - 1,739,718,073 | 1,740,000 | 1,740,000 |
| Paid-in capital | 1,086,000 | 1,022,000 |
| Retained earnings | 22,066,000 | 21,168,000 |
| Less treasury common stock at cost. Shares: 2009 - 499,693,704; 2008 - 461,822,215 | (14,549,000) | (13,814,000) |
| Accumulated other comprehensive income (loss), net of taxes | (621,000) | (790,000) |
| Total stockholders' equity | 9,722,000 | 9,326,000 |
| Total liabilities and stockholders' equity | 12,119,000 | 11,923,000 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2009 | |
| 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 |