TI reports financial results for 4Q08 and 2008

Income from continuing
operations before
income taxes 36 1,042 756 2,481 3,692
Provision (benefit) for
income taxes (71) 289 193 561 1,051
Income from continuing
operations 107 753 563 1,920 2,641
Income from
discontinued
operations, net of
taxes -- 3 -- -- 16
Net income $ 107 $ 756 $ 563 $ 1,920 $ 2,657

Basic earnings per
common share:
Income from
continuing
operations $ .08 $ .55 $ .43 $ 1.47 $ 1.86
Net income $ .08 $ .55 $ .43 $ 1.47 $ 1.88

Diluted earnings per
common share:
Income from
continuing
operations $ .08 $ .54 $ .43 $ 1.45 $ 1.83
Net income $ .08 $ .54 $ .43 $ 1.45 $ 1.84

Average shares
outstanding
(millions):
Basic 1,283 1,372 1,304 1,308 1,417
Diluted 1,289 1,399 1,318 1,324 1,446

Cash dividends
declared per share
of common stock $ .11 $ .10 $ .10 $ .41 $ .30

Percentage of revenue:
Gross profit 44.0% 54.3% 48.5% 50.0% 53.3%
R&D 17.3% 14.3% 15.0% 15.5% 15.5%
SG&A 14.5% 11.9% 11.5% 12.9% 12.1%
Operating profit 2.0% 28.0% 22.0% 19.5% 25.3%



TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
(Millions of dollars, except share amounts)

Dec. 31, Dec. 31, Sept. 30,
2008 2007 2008

Assets
Current assets:
Cash and cash equivalents $ 1,046 $ 1,328 $ 1,715
Short-term investments 1,494 1,596 278
Accounts receivable, net of
allowances of ($30), ($26) and ($28) 913 1,742 1,774
Raw materials 99 105 103
Work in process 837 876 982
Finished goods 439 437 490
Inventories 1,375 1,418 1,575

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