10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 24, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenue | $ 12,205 | 12,825 | 13,735 |
| Cost of revenue (COR) | 5,841 | 6,457 | 6,963 |
| Gross profit | 6,364 | 6,368 | 6,772 |
| Research and development (R&D) | 1,522 | 1,877 | 1,715 |
| Selling, general and administrative (SG&A) | 1,858 | 1,804 | 1,638 |
| Acquisition charges | 341 | 450 | 315 |
| Restructuring charges/other | (189) | 264 | 112 |
| Operating profit | 2,832 | 1,973 | 2,992 |
| Other income (expense), net (OI&E) | 17 | 47 | 5 |
| Interest and debt expense | 95 | 85 | 42 |
| Income before income taxes | 2,754 | 1,935 | 2,955 |
| Provision for income taxes | 592 | 176 | 719 |
| Net income | 2,162 | 1,759 | 2,236 |
| Earnings per common share: | |||
| Basic (in dollars per share) | 1.94 | 1.53 | 1.91 |
| Diluted (in dollars per share) | 1.91 | 1.51 | 1.88 |
| Average shares outstanding (millions): | |||
| Basic (in shares) | 1,098 | 1,132 | 1,151 |
| Diluted (in shares) | 1,113 | 1,146 | 1,171 |
| Cash dividends declared per share of common stock | 1.07 | 0.72 | 0.56 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 24, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 2,162 | 1,759 | 2,236 |
| Other comprehensive income (loss): | |||
| Available-for-sale investments: | |||
| Unrealized gains (losses), net of tax benefit (expense) of $0, ($1) and $1 | 0 | 3 | (2) |
| Reclassification to Net income, net of tax benefit (expense) of $0, $0 and ($7) | 0 | 0 | 12 |
| Net actuarial gains (losses) of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of ($60), $29 and $65 | 105 | (81) | (124) |
| Reclassification to Net income, net of tax benefit (expense) of ($37), ($104) and ($28) | 71 | 160 | 48 |
| Prior service cost of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $1, $1 and $5 | (3) | (2) | (9) |
| Reclassification to Net income, net of tax benefit (expense) of $2, $0 and ($1) | (3) | 0 | 2 |
| Derivative instrument: | |||
| Change in fair value, net of tax benefit (expense) of $0, $1 and $1 | 0 | (3) | (2) |
| Reclassification to Net income, net of tax benefit (expense) of ($1), $0 and $0 | 1 | 0 | 0 |
| Other comprehensive income (loss), net of taxes | 171 | 77 | (75) |
| Total comprehensive income | 2,333 | 1,836 | 2,161 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 24, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,162 | 1,759 | 2,236 |
| Adjustments to Net income: | |||
| Depreciation | 879 | 957 | 904 |
| Amortization of acquisition-related intangibles | 336 | 342 | 111 |
| Amortization of capitalized software | 82 | 102 | 93 |
| Stock-based compensation | 287 | 263 | 269 |
| Gain on sales of assets | (6) | 0 | (5) |
| Deferred income taxes | 50 | 130 | 55 |
| Gain on transfer of Japan substitutional pension | 0 | (144) | 0 |
| Increase (decrease) from changes in: | |||
| Accounts receivable | 16 | 311 | 112 |
| Inventories | 26 | 5 | (17) |
| Prepaid expenses and other current assets | (136) | 162 | (203) |
| Accounts payable and accrued expenses | (284) | 99 | 2 |
| Accrued compensation | 18 | (82) | (77) |
| Income taxes payable | 78 | (229) | (85) |
| Changes in funded status of retirement plans | 28 | (198) | (7) |
| Other | (152) | (63) | (132) |
| Cash flows from operating activities | 3,384 | 3,414 | 3,256 |
| Cash flows from investing activities: | |||
| Capital expenditures | (412) | (495) | (816) |
| Proceeds from asset sales and insurance recovery | 21 | 0 | 16 |
| Purchases of short-term investments | (3,907) | (2,802) | (3,653) |
| Proceeds from short-term investments | 4,249 | 2,198 | 3,555 |
| Business acquisitions, net of cash acquired | 0 | 0 | (5,425) |
| Other | 46 | 60 | 151 |
| Cash flows from investing activities | (3) | (1,039) | (6,172) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt and commercial paper borrowings | 986 | 1,492 | 4,697 |
| Repayment of debt and commercial paper borrowings | (1,500) | (1,375) | (200) |
| Dividends paid | (1,175) | (819) | (644) |
| Stock repurchases | (2,868) | (1,800) | (1,973) |
| Proceeds from common stock transactions | 1,314 | 523 | 690 |
| Excess tax benefit from share-based payments | 80 | 38 | 31 |
| Other | (7) | (10) | (12) |
| Cash flows from financing activities | (3,170) | (1,951) | 2,589 |
| Net change in Cash and cash equivalents | 211 | 424 | (327) |
| Cash and cash equivalents at beginning of year | 1,416 | 992 | |
| Cash and cash equivalents at end of year | 1,627 | 1,416 | 992 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 24, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,627 | 1,416 |
| Short-term investments | 2,202 | 2,549 |
| Accounts receivable, net of allowances of ($22) and ($31) | 1,203 | 1,230 |
| Raw materials | 102 | 116 |
| Work in process | 919 | 935 |
| Finished goods | 710 | 706 |
| Inventories | 1,731 | 1,757 |
| Deferred income taxes | 393 | 473 |
| Prepaid expenses and other current assets | 863 | 805 |
| Total current assets | 8,019 | 8,230 |
| Property, plant and equipment at cost | 6,556 | 6,891 |
| Accumulated depreciation | (3,157) | (2,979) |
| Property, plant and equipment, net | 3,399 | 3,912 |
| Long-term investments | 216 | 215 |
| Goodwill, net | 4,362 | 4,362 |
| Acquisition-related intangibles, net | 2,223 | 2,558 |
| Deferred income taxes | 207 | 280 |
| Capitalized software licenses, net | 118 | 142 |
| Overfunded retirement plans | 130 | 68 |
| Other assets | 264 | 254 |
| Total assets | 18,938 | 20,021 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | 1,000 | 1,500 |
| Accounts payable | 422 | 444 |
| Accrued compensation | 554 | 524 |
| Income taxes payable | 119 | 79 |
| Deferred income taxes | 1 | 2 |
| Accrued expenses and other liabilities | 651 | 881 |
| Total current liabilities | 2,747 | 3,430 |
| Long-term debt | 4,158 | 4,186 |
| Underfunded retirement plans | 216 | 269 |
| Deferred income taxes | 548 | 572 |
| Deferred credits and other liabilities | 462 | 603 |
| Total liabilities | 8,131 | 9,060 |
| 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: 1,740,815,939 | 1,741 | 1,741 |
| Paid-in capital | 1,211 | 1,176 |
| Retained earnings | 28,173 | 27,205 |
| Treasury common stock at cost. Shares: 2013 658,012,970; 2012 632,636,970 | (19,790) | (18,462) |
| Accumulated other comprehensive income (loss), net of taxes | (528) | (699) |
| Total stockholders equity | 10,807 | 10,961 |
| Total liabilities and stockholders equity | 18,938 | 20,021 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2013 | |
| 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 |