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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | $ 13,000 | 13,045 | 12,205 |
| Cost of revenue (COR) | 5,440 | 5,618 | 5,841 |
| Gross profit | 7,560 | 7,427 | 6,364 |
| Research and development (R&D) | 1,280 | 1,358 | 1,522 |
| Selling, general and administrative (SG&A) | 1,748 | 1,843 | 1,858 |
| Acquisition charges | 329 | 330 | 341 |
| Restructuring charges/other | (71) | (51) | (189) |
| Operating profit | 4,274 | 3,947 | 2,832 |
| Other income (expense), net (OI&E) | 32 | 21 | 17 |
| Interest and debt expense | 90 | 94 | 95 |
| Income before income taxes | 4,216 | 3,874 | 2,754 |
| Provision for income taxes | 1,230 | 1,053 | 592 |
| Net income | 2,986 | 2,821 | 2,162 |
| Earnings per common share (EPS): | |||
| Basic (in dollars per share) | 2.86 | 2.61 | 1.94 |
| Diluted (in dollars per share) | 2.82 | 2.57 | 1.91 |
| Average shares outstanding (millions): | |||
| Basic (in shares) | 1,030 | 1,065 | 1,098 |
| Diluted (in shares) | 1,043 | 1,080 | 1,113 |
| Cash dividends declared per common share (in dollars per share) | 1.40 | 1.24 | 1.07 |
| Net income | 2,986 | 2,821 | 2,162 |
| Income allocated to RSUs | (42) | (43) | (36) |
| Income allocated to common stock for diluted EPS | 2,944 | 2,778 | 2,126 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Statement of Comprehensive Income [Abstract] | |||
| Net income | $ 2,986 | 2,821 | 2,162 |
| Other comprehensive income (loss) | |||
| Net actuarial gains (losses) of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of $36, $25 and ($60) | (74) | (46) | 105 |
| Recognized within Net income, net of tax benefit (expense) of ($25), ($21) and ($37) | 53 | 42 | 71 |
| Prior service (cost) credit of defined benefit plans: | |||
| Adjustment, net of tax benefit (expense) of ($11), $0 and $1 | 20 | (1) | (3) |
| Recognized within Net income, net of tax benefit (expense) of $0, $0 and $2 | 0 | 0 | (3) |
| Derivative instruments: | |||
| Recognized within Net income, net of tax benefit (expense) of ($1), ($1) and ($1) | 1 | 1 | 1 |
| Other comprehensive income (loss), net of taxes | 0 | (4) | 171 |
| Total comprehensive income | 2,986 | 2,817 | 2,333 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TEXAS INSTRUMENTS INC | |||
Ticker: TXN Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net income | $ 2,986 | 2,821 | 2,162 |
| Adjustments to Net income: | |||
| Depreciation | 766 | 850 | 879 |
| Amortization of acquisition-related intangibles | 319 | 321 | 336 |
| Amortization of capitalized software | 48 | 59 | 82 |
| Stock-based compensation | 286 | 277 | 287 |
| Gains on sales of assets | (85) | (73) | (6) |
| Deferred income taxes | (55) | (61) | 50 |
| Increase (decrease) from changes in: | |||
| Accounts receivable | 77 | (49) | 16 |
| Inventories | 93 | (53) | 26 |
| Prepaid expenses and other current assets | 94 | 65 | (136) |
| Accounts payable and accrued expenses | (188) | (194) | (284) |
| Accrued compensation | 7 | 89 | 18 |
| Income taxes payable | 11 | (81) | 78 |
| Changes in funded status of retirement plans | (23) | (58) | 28 |
| Other | (68) | (21) | (152) |
| Cash flows from operating activities | 4,268 | 3,892 | 3,384 |
| Cash flows from investing activities | |||
| Capital expenditures | (551) | (385) | (412) |
| Proceeds from asset sales | 110 | 142 | 21 |
| Purchases of short-term investments | (2,767) | (3,107) | (3,907) |
| Proceeds from short-term investments | 2,892 | 2,966 | 4,249 |
| Other | 14 | 7 | 46 |
| Cash flows from investing activities | (302) | (377) | (3) |
| Cash flows from financing activities | |||
| Proceeds from issuance of long-term debt | 498 | 498 | 986 |
| Repayment of debt | (1,000) | (1,000) | (1,500) |
| Dividends paid | (1,444) | (1,323) | (1,175) |
| Stock repurchases | (2,741) | (2,831) | (2,868) |
| Proceeds from common stock transactions | 442 | 616 | 1,314 |
| Excess tax benefit from share-based payments | 83 | 100 | 80 |
| Other | (3) | (3) | (7) |
| Cash flows from financing activities | (4,165) | (3,943) | (3,170) |
| Net change in Cash and cash equivalents | (199) | (428) | 211 |
| Cash and cash equivalents at beginning of period | 1,199 | 1,627 | |
| Cash and cash equivalents at end of period | 1,000 | 1,199 | 1,627 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TEXAS INSTRUMENTS INC | ||
Ticker: TXN Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,000 | 1,199 |
| Short-term investments | 2,218 | 2,342 |
| Accounts receivable, net of allowances of ($7) and ($12) | 1,165 | 1,246 |
| Raw materials | 109 | 101 |
| Work in process | 846 | 896 |
| Finished goods | 736 | 787 |
| Inventories | 1,691 | 1,784 |
| Prepaid expenses and other current assets | 1,000 | 850 |
| Total current assets | 7,074 | 7,421 |
| Property, plant and equipment at cost | 5,465 | 6,266 |
| Accumulated depreciation | (2,869) | (3,426) |
| Property, plant and equipment, net | 2,596 | 2,840 |
| Long-term investments | 221 | 224 |
| Goodwill, net | 4,362 | 4,362 |
| Acquisition-related intangibles, net | 1,583 | 1,902 |
| Deferred income taxes | 201 | 180 |
| Capitalized software licenses, net | 46 | 83 |
| Overfunded retirement plans | 85 | 127 |
| Other assets | 62 | 233 |
| Total assets | 16,230 | 17,372 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | 1,000 | 1,001 |
| Accounts payable | 386 | 437 |
| Accrued compensation | 664 | 651 |
| Income taxes payable | 95 | 71 |
| Accrued expenses and other liabilities | 410 | 498 |
| Total current liabilities | 2,555 | 2,658 |
| Long-term debt | 3,120 | 3,630 |
| Underfunded retirement plans | 196 | 225 |
| Deferred income taxes | 37 | 64 |
| Deferred credits and other liabilities | 376 | 405 |
| Total liabilities | 6,284 | 6,982 |
| 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 | 1,629 | 1,368 |
| Retained earnings | 31,176 | 29,653 |
| Treasury common stock at cost Shares: 2015 729,547,527; 2014 694,189,127 | (24,068) | (21,840) |
| Accumulated other comprehensive income (loss), net of taxes (AOCI) | (532) | (532) |
| Total stockholders equity | 9,946 | 10,390 |
| Total liabilities and stockholders equity | 16,230 | 17,372 |
| External Links | |
| TEXAS INSTRUMENTS INC (TXN) Fiscal Year 2015 | |
| 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 |