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: 2012 | |||
Consolidated statements of income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | $ 12,825 | 13,735 | 13,966 |
| Cost of revenue (COR) | 6,457 | 6,963 | 6,474 |
| Gross profit | 6,368 | 6,772 | 7,492 |
| Research and development (R&D) | 1,877 | 1,715 | 1,570 |
| Selling, general and administrative (SG&A) | 1,804 | 1,638 | 1,519 |
| Acquisition charges | 450 | 315 | 0 |
| Restructuring charges/other | 264 | 112 | (111) |
| Operating profit | 1,973 | 2,992 | 4,514 |
| Other income (expense) net (OI&E) | 47 | 5 | 37 |
| Interest and debt expense | 85 | 42 | 0 |
| Income before income taxes | 1,935 | 2,955 | 4,551 |
| Provision for income taxes | 176 | 719 | 1,323 |
| Net income | 1,759 | 2,236 | 3,228 |
| Earnings per common share: | |||
| Basic | 1.53 | 1.91 | 2.66 |
| Diluted | 1.51 | 1.88 | 2.62 |
| Average shares outstanding (millions): | |||
| Basic | 1,132 | 1,151 | 1,199 |
| Diluted | 1,146 | 1,171 | 1,213 |
| Cash dividends declared per share of common stock | 0.72 | 0.56 | 0.49 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2012 | |||
Consolidated statements of comprehensive income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 1,759 | 2,236 | 3,228 |
| Other comprehensive income (loss): | |||
| Available-for-sale investments: | |||
| Unrealized gains (losses), net of tax benefit (expense) of ($1), $1 and ($3) | 3 | (2) | 7 |
| Reclassification of recognized transactions, net of tax benefit (expense) of $0, ($7) and $0 | 0 | 12 | 0 |
| Net actuarial gains (losses) of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $29, $65 and $61 | (81) | (124) | (154) |
| Reclassification of recognized transactions, net of tax benefit (expense) of ($104), ($28) and ($36) | 160 | 48 | 65 |
| Prior service cost of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $1, $5 and ($1) | (2) | (9) | 2 |
| Reclassification of recognized transactions, net of tax benefit (expense) of $0, ($1) and $0 | 0 | 2 | 0 |
| Change in fair value of derivative instrument, net of tax benefit (expense) of $1, $1 and $0 | (3) | (2) | 0 |
| Other comprehensive income (loss), net of taxes | 77 | (75) | (80) |
| Total comprehensive income | 1,836 | 2,161 | 3,148 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2012 | |||
Consolidated statements of cash flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,759 | 2,236 | 3,228 |
| Adjustments to net income: | |||
| Depreciation | 957 | 904 | 865 |
| Amortization of acquisition-related intangibles | 342 | 111 | 48 |
| Stock-based compensation | 263 | 269 | 190 |
| Gain on sales of assets and divestiture | 0 | (5) | (144) |
| Deferred income taxes | 65 | (119) | (188) |
| Gain on transfer of Japan substitutional pension | (144) | 0 | 0 |
| Increase (decrease) from changes in: | |||
| Accounts receivable | 311 | 112 | (231) |
| Inventories | 5 | (17) | (304) |
| Prepaid expenses and other current assets | 227 | (29) | (8) |
| Accounts payable and accrued expenses | 99 | 2 | 57 |
| Accrued compensation | (82) | (77) | 246 |
| Income taxes payable | (229) | (85) | (19) |
| Changes in funded status of retirement plans | (198) | (7) | 26 |
| Other | 39 | (39) | 54 |
| Cash flows from operating activities | 3,414 | 3,256 | 3,820 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (495) | (816) | (1,199) |
| Proceeds from insurance recovery, asset sales and divestiture | 0 | 16 | 148 |
| Purchases of short-term investments | (2,802) | (3,653) | (2,510) |
| Proceeds from short-term investments | 2,198 | 3,555 | 2,564 |
| Purchases of long-term investments | (1) | (6) | (8) |
| Proceeds from long-term investments | 61 | 157 | 147 |
| Business acquisitions, net of cash acquired | 0 | (5,425) | (199) |
| Cash flows from investing activities | (1,039) | (6,172) | (1,057) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt and commercial paper borrowings | 1,492 | 4,697 | 0 |
| Repayment of debt and commercial paper borrowings | (1,375) | (200) | 0 |
| Dividends paid | (819) | (644) | (592) |
| Stock repurchases | (1,800) | (1,973) | (2,454) |
| Proceeds from common stock transactions | 523 | 690 | 407 |
| Excess tax benefit from share-based payments | 38 | 31 | 13 |
| Other | (10) | (12) | 0 |
| Cash flows from financing activities | (1,951) | 2,589 | (2,626) |
| Net change in cash and cash equivalents | 424 | (327) | 137 |
| Cash and cash equivalents at beginning of year | 992 | 1,319 | |
| Cash and cash equivalents at end of year | 1,416 | 992 | 1,319 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2012 | ||
Consolidated balance sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,416 | 992 |
| Short-term investments | 2,549 | 1,943 |
| Accounts receivable, net of allowances of ($31) and ($19) | 1,230 | 1,545 |
| Raw materials | 116 | 115 |
| Work in process | 935 | 1,004 |
| Finished goods | 706 | 669 |
| Inventories | 1,757 | 1,788 |
| Deferred income taxes | 1,044 | 1,174 |
| Prepaid expenses and other current assets | 234 | 386 |
| Total current assets | 8,230 | 7,828 |
| Property, plant and equipment at cost | 6,891 | 7,133 |
| Less accumulated depreciation | (2,979) | (2,705) |
| Property, plant and equipment, net | 3,912 | 4,428 |
| Long-term investments | 215 | 265 |
| Goodwill | 4,362 | 4,452 |
| Acquisition-related intangibles, net | 2,558 | 2,900 |
| Deferred income taxes | 280 | 321 |
| Capitalized software licenses, net | 142 | 206 |
| Overfunded retirement plans | 68 | 40 |
| Other assets | 254 | 57 |
| Total assets | 20,021 | 20,497 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Commercial paper borrowings | 0 | 999 |
| Current portion of long-term debt | 1,500 | 382 |
| Accounts payable | 444 | 625 |
| Accrued compensation | 524 | 597 |
| Income taxes payable | 79 | 101 |
| Deferred income taxes | 2 | 0 |
| Accrued expenses and other liabilities | 881 | 795 |
| Total current liabilities | 3,430 | 3,499 |
| Long-term debt | 4,186 | 4,211 |
| Underfunded retirement plans | 269 | 701 |
| Deferred income taxes | 572 | 607 |
| Deferred credits and other liabilities | 603 | 527 |
| Total liabilities | 9,060 | 9,545 |
| 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: 2012 1,740,815,939; 2011 1,740,630,391 | 1,741 | 1,741 |
| Paid-in capital | 1,176 | 1,194 |
| Retained earnings | 27,205 | 26,278 |
| Less treasury common stock at cost. Shares: 2012 632,636,970; 2011 601,131,631 | (18,462) | (17,485) |
| Accumulated other comprehensive income (loss), net of taxes | (699) | (776) |
| Total stockholders equity | 10,961 | 10,952 |
| Total liabilities and stockholders equity | 20,021 | 20,497 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2012 | |
| 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 |