TI reports 1Q15 financial results and shareholder returns

 

Capital expenditures for the past 12 months were 3 percent of revenue. Our long-term expectation is about 4 percent.

Cash return

Amounts are in millions of dollars.




Trailing 12 Months




     1Q15

    1Q15

    1Q14

Change

Dividends paid


$     356

$  1,354

$  1,268

7%

Stock repurchases


$     670

$  2,781

$  2,909

-4%

Total cash returned


$  1,026

$  4,135

$  4,177

-1%

 

The company's targeted cash return is 100 percent of free cash flow plus proceeds from exercises of equity compensation minus net debt retirement.

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

(Millions of dollars, except share and per-share amounts)





For Three Months Ended



March 31,



2015


2014

Revenue


$  3,150


$  2,983

Cost of revenue (COR)


1,334


1,376

Gross profit


1,816


1,607

Research and development (R&D)


338


366

Selling, general and administrative (SG&A)


439


479

Acquisition charges


83


83

Restructuring charges/other


(2)


(11)

Operating profit


958


690

Other income (expense), net (OI&E)


4


6

Interest and debt expense


22


25

Income before income taxes


940


671

Provision for income taxes


284


184

Net income


$     656


$     487






Diluted earnings per common share


$      .61


$      .44






Average diluted shares outstanding (millions)


1,061


1,096






Cash dividends declared per common share


$      .34


$      .30






As a result of accounting rule ASC 260, which requires a portion of Net income to be
allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents,
diluted EPS is calculated using the following:






Net income


$     656


$     487

Income allocated to RSUs


(9)


(7)

Income allocated to common stock for diluted EPS


$     647


$     480


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Job Openings: Can EDA Predict the Future
More Editorial  
Jobs
ASIC Design Engineer 2 for Ambarella at Santa Clara, CA
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
Test Development Engineer(Job Number: 17001697) for Global Foundaries at Santa Clara, CA
Engr, Elec Des 2 for KLA-Tencor at Milpitas, CA
Verification Engineer for Ambarella at Santa Clara, CA
Timing Design Engineer(Job Number: 17001757) for Global Foundaries at Santa Clara, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy