TI reports 3Q13 financial results and shareholder returns

 

Consolidated Balance Sheets

(Millions of dollars, except share amounts)










Sept. 30,

2013


Sept. 30,

2012


Jun. 30,

2013

Assets







Current assets:







   Cash and cash equivalents


$   1,435


$    1,210


$    1,180

   Short-term investments


2,158


2,451


2,064

   Accounts receivable, net of allowances of ($29), ($23) and ($31)


1,524


1,623


1,491

   Raw materials


107


124


101

   Work in process


954


988


926

   Finished goods


665


736


693

   Inventories


1,726


1,848


1,720

   Deferred income taxes


1,039


1,043


1,070

   Prepaid expenses and other current assets


219


409


513

   Total current assets


8,101


8,584


8,038

Property, plant and equipment at cost


6,539


6,806


6,679

   Less accumulated depreciation


(3,030)


(2,751)


(3,068)

   Property, plant and equipment, net


3,509


4,055


3,611

Long-term investments


210


225


203

Goodwill, net


4,362


4,452


4,362

Acquisition-related intangibles, net


2,305


2,643


2,388

Deferred income taxes


227


199


253

Capitalized software licenses, net


139


166


159

Overfunded retirement plans


119


29


106

Other assets


272


161


278

Total assets


$ 19,244


$  20,514


$  19,398








Liabilities and Stockholders' Equity







Current liabilities:







   Current portion of long-term debt


$   1,000


$    1,500


$    1,000

   Accounts payable


426


501


437

   Accrued compensation


567


552


463

   Income taxes payable


37


106


218

   Deferred income taxes


2


3


2

   Accrued expenses and other liabilities


691


766


682

   Total current liabilities


2,723


3,428


2,802

Long-term debt


4,161


4,190


4,165

Underfunded retirement plans


253


350


240

Deferred income taxes


564


593


584

Deferred credits and other liabilities


492


550


539

Total liabilities


8,193


9,111


8,330

Stockholders' equity:







   Preferred stock, $25 par value. Authorized – 10,000,000 shares.







       Participating cumulative preferred.  None issued.


--


--


--

   Common stock, $1 par value. Authorized – 2,400,000,000 shares.







       Shares issued – 1,740,815,939


1,741


1,741


1,741

   Paid-in capital


1,125


1,193


1,117

   Retained earnings


27,993


27,179


27,677

   Less treasury common stock at cost:







      Shares:  Sept. 30, 2013 – 646,252,825; Sept. 30, 2012 –

       620,012,959; Jun. 30, 2013 – 639,643,135


(19,236)


(18,093)


(18,877)

    Accumulated other comprehensive income (loss), net of taxes


(572)


(617)


(590)

    Total stockholders' equity


11,051


11,403


11,068

Total liabilities and stockholders' equity


$  19,244


$    20,514


$   19,398


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