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: 2010 | |||
Consolidated statements of income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | $ 13,966 | 10,427 | 12,501 |
| Cost of revenue | 6,474 | 5,428 | 6,256 |
| Gross profit | 7,492 | 4,999 | 6,245 |
| Research and development | 1,570 | 1,476 | 1,940 |
| Selling, general and administrative | 1,519 | 1,320 | 1,614 |
| Restructuring expense | 33 | 212 | 254 |
| Gain on divestiture | (144) | 0 | 0 |
| Operating profit | 4,514 | 1,991 | 2,437 |
| Other income (expense) net | 37 | 26 | 44 |
| Income before income taxes | 4,551 | 2,017 | 2,481 |
| Provision for income taxes | 1,323 | 547 | 561 |
| Net income | 3,228 | 1,470 | 1,920 |
| Earnings per common share: | |||
| Basic (in dollars per share) | 2.66 | 1.16 | 1.46 |
| Diluted earnings per common share (in dollars per share) | 2.62 | 1.15 | 1.44 |
| Average shares outstanding (millions): | |||
| Basic (in shares) | 1,199 | 1,260 | 1,308 |
| Diluted (in shares) | 1,213 | 1,269 | 1,321 |
| Cash dividends declared per share of common stock (in dollars per share) | 0.49 | 0.45 | 0.41 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2010 | |||
Consolidated statements of comprehensive income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net Income | $ 3,228 | 1,470 | 1,920 |
| Other comprehensive income (loss): | |||
| Available-for-sale investments: | |||
| Unrealized gains (losses), net of tax benefit (expense) of ($3), ($9) and $20 | 7 | 17 | (38) |
| Reclassification of recognized transactions, net of tax benefit (expense) of $0, ($3) and $0 | 0 | 6 | 0 |
| Net actuarial gains (losses) of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $61, ($38) and $282 | (154) | 91 | (476) |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($36), ($27) and ($17) | 65 | 62 | 32 |
| Prior service cost of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of ($1), $1 and $1 | 2 | (1) | 14 |
| Reclassification of recognized transactions, net of tax benefit (expense) of $0, $3 and ($1) | 0 | (6) | 2 |
| Total | (80) | 169 | (466) |
| Total comprehensive income | 3,148 | 1,639 | 1,454 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2010 | |||
Consolidated statements of cash flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,228 | 1,470 | 1,920 |
| Adjustments to net income: | |||
| Depreciation | 865 | 877 | 1,022 |
| Stock-based compensation | 190 | 186 | 213 |
| Amortization of acquisition-related intangibles | 48 | 48 | 37 |
| Gain on divestiture | (144) | 0 | 0 |
| Deferred income taxes | (188) | 146 | (182) |
| Increase (decrease) from changes in: | |||
| Accounts receivable | (231) | (364) | 865 |
| Inventories | (304) | 177 | 43 |
| Prepaid expenses and other current assets | (8) | 35 | (125) |
| Accounts payable and accrued expenses | 57 | 5 | (325) |
| Accrued compensation | 246 | (38) | (141) |
| Income taxes payable | 49 | 73 | 38 |
| Other | 12 | 28 | (35) |
| Net cash provided by operating activities | 3,820 | 2,643 | 3,330 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (1,199) | (753) | (763) |
| Proceeds from divestiture | 148 | 0 | 0 |
| Purchases of short-term investments | (2,510) | (2,273) | (1,746) |
| Sales, redemptions and maturities of short-term investments | 2,564 | 2,030 | 1,300 |
| Purchases of long-term investments | (8) | (9) | (9) |
| Redemptions and sales of long-term investments | 147 | 64 | 55 |
| Business acquisitions, net of cash acquired | (199) | (155) | (19) |
| Net cash used in investing activities | (1,057) | (1,096) | (1,182) |
| Cash flows from financing activities: | |||
| Dividends paid | (592) | (567) | (537) |
| Sales and other common stock transactions | 407 | 109 | 210 |
| Excess tax benefit from share-based payments | 13 | 1 | 19 |
| Stock repurchases | (2,454) | (954) | (2,122) |
| Net cash used in financing activities | (2,626) | (1,411) | (2,430) |
| Net increase (decrease) in cash and cash equivalents | 137 | 136 | (282) |
| Cash and cash equivalents at beginning of year | 1,182 | 1,046 | |
| Cash and cash equivalents at end of year | 1,319 | 1,182 | 1,046 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2010 | ||
Consolidated balance sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,319 | 1,182 |
| Short-term investments | 1,753 | 1,743 |
| Accounts receivable, net of allowances | 1,518 | 1,277 |
| Inventory, Raw Materials | 122 | 93 |
| Inventory, Work in Process | 919 | 758 |
| Inventory, Finished Goods | 479 | 351 |
| Inventories | 1,520 | 1,202 |
| Deferred income taxes | 770 | 546 |
| Prepaid expenses and other current assets | 180 | 164 |
| Total current assets | 7,060 | 6,114 |
| Property, plant and equipment at cost | 6,907 | 6,705 |
| Less accumulated depreciation | (3,227) | (3,547) |
| Property, plant and equipment, net | 3,680 | 3,158 |
| Long-term investments | 453 | 637 |
| Goodwill | 924 | 926 |
| Acquisition-related intangibles | 76 | 124 |
| Deferred income taxes | 927 | 926 |
| Capitalized software licenses, net | 205 | 119 |
| Overfunded retirement plans | 31 | 64 |
| Other assets | 45 | 51 |
| Total assets | 13,401 | 12,119 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | 621 | 503 |
| Accrued compensation | 629 | 386 |
| Accrued expenses and other liabilities | 622 | 570 |
| Income taxes payable | 109 | 128 |
| Total current liabilities | 1,981 | 1,587 |
| Underfunded retirement plans | 519 | 425 |
| Deferred income taxes | 86 | 67 |
| Deferred credits and other liabilities | 378 | 318 |
| Total liabilities | 2,964 | 2,397 |
| 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: 2010 - 1,740,166,101; 2009 - 1,739,811,721 | 1,740 | 1,740 |
| Paid-in capital | 1,114 | 1,086 |
| Retained earnings | 24,695 | 22,066 |
| Less treasury common stock at cost. Shares: 2010 - 572,722,397; 2009 - 499,693,704 | (16,411) | (14,549) |
| Total | (701) | (621) |
| Total stockholders' equity | 10,437 | 9,722 |
| Total liabilities and stockholders' equity | 13,401 | 12,119 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2010 | |
| 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 |