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
CST: Webinar


Featured Video
Jobs
ASIC Digital Design Engr, Sr I for Synopsys, Inc. at Mountain View, California
ASIC Design Enablement Manager for SkyWater Technology Foundry at Bloomington, California
Core Circuit Design Engineer (2018) for nexteer automotive at Saginaw, Michigan
Upcoming Events
Arm TechCon 2018 at San Jose Convention Center San Jose CA - Oct 16 - 18, 2018
EDI CON 2018 at Santa Clara Convention Center Santa Clara CA - Oct 17 - 18, 2018
MIPI DevCon Seoul at Millennium Seoul Hilton Seoul Korea (South) - Oct 19, 2018
DVCon Europe at Holiday Inn Munich Germany - Oct 24 - 25, 2018
CST: Webinars
APEX EXPO 2019



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise