TI reports 1Q16 financial results and shareholder returns

 

Capital expenditures for the past 12 months were 4 percent of revenue, consistent with TI's long-term expectations.

Cash return

Amounts are in millions of dollars.




Trailing 12 Months



1Q16

1Q16

1Q15

Change

Dividends paid


$     383

$   1,471

$   1,354

9%

Stock repurchases


$     630

$   2,701

$   2,781

-3%

Total cash returned


$  1,013

$   4,172

$   4,135

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,




2016


2015


Revenue


$

3,008


$

3,150


Cost of revenue (COR)



1,184



1,334


Gross profit



1,824



1,816


Research and development (R&D)



326



338


Selling, general and administrative (SG&A)



448



439


Acquisition charges



80



83


Restructuring charges/other



2



(2)


Operating profit



968



958


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



4



4


Interest and debt expense



22



22


Income before income taxes



950



940


Provision for income taxes



282



284


Net income


$

668


$

656










Diluted earnings per common share


$

.65


$

.61










Average diluted shares outstanding (millions)



1,018



1,061










Cash dividends declared per common share


$

.38


$

.34










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


$

668


$

656


Income allocated to RSUs



(9)



(9)


Income allocated to common stock for diluted EPS


$

659


$

647



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



Review Article Be the first to review this article

Featured Video
Jobs
GIS Analyst for Union County NC at Monroe, California
GIS Manager for Union County NC at Monroe, California
Transportation Specialist - Department of Transportation - (2100115) for City of San Jose at San José,, California
GIS Manager - Technical Support Group / Public Works for City Of Topeka at Topeka, Kansas
ArcGIS Maps for SharePoint Product Engineer for ESRI at Redlands, California
Full Stack ArcGIS Software Developer for Patrick Engineering at Remote - preference for individual residing in Southeastern US (per below), Any State in the USA
Upcoming Events
Milipol Asia-Pacific 2021 at Singapore - Mar 23 - 25, 2021
NextGen SCADA Global 2021 at United Kingdom - Mar 24 - 25, 2021
Geo Connect Asia 2021 at Suntec Singapore - Mar 24 - 25, 2021
University of Denver GIS Masters Degree Online



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise