TI reports 4Q16 and 2016 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




4Q16



4Q16



4Q15


Change

Dividends paid


$

499


$

1,646


$

1,444


14%

Stock repurchases


$

475


$

2,132


$

2,741


-22%

Total cash returned


$

974


$

3,778


$

4,185


-10%

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

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




For Three Months Ended


For Years Ended



December 31,


December 31,



2016


2015


2016


2015

Revenue


$

3,414


$

3,189


$

13,370


$

13,000

Cost of revenue (COR)



1,281



1,323



5,130



5,440

Gross profit



2,133



1,866



8,240



7,560

Research and development (R&D)



343



306



1,370



1,280

Selling, general and administrative (SG&A)



411



405



1,767



1,748

Acquisition charges



80



81



319



329

Restructuring charges/other



(20)



(68)



(15)



(71)

Operating profit



1,319



1,142



4,799



4,274

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



197



19



211



32

Interest and debt expense



19



22



80



90

Income before income taxes



1,497



1,139



4,930



4,216

Provision for income taxes



450



303



1,335



1,230

Net income


$

1,047


$

836


$

3,595


$

2,986














Diluted earnings per common share


$

1.02


$

.80


$

3.48


$

2.82














Average diluted shares outstanding (millions)



1,018



1,027



1,021



1,043














Cash dividends declared per common share


$

.50


$

.38


$

1.64


$

1.40














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


$

1,047


$

836


$

3,595


$

2,986

Income allocated to RSUs



(13)



(12)



(44)



(42)

Income allocated to common stock for diluted EPS


$

1,034


$

824


$

3,551


$

2,944


With the fourth-quarter 2016 adoption of ASU 2016-09 related to stock compensation, we were required to apply the new standard as of the beginning of 2016. As a result, the sum of the previously reported quarters and the fourth quarter of 2016 does not equal the full year 2016 amounts above. Recast amounts can be found in the Supplementary financial information section of this release.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article

Bentley: Jump start your Infrastructure Career

Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Jobs
Senior Highway Engineer for RS&H at Jacksonville, Florida
GPS and Mobile GIS Sales Development for Duncan-Parnell Inc. at Charlotte, North Carolina
GIS Analyst for County of Bernalillo at Albuquerque, NM, New Mexico
Regional Sales Manager (Eastern North America) for Teledyne Optech at Kiln, Mississippi
Engineer IV for State of Nebraska at Lincoln, California
GIS Sales and Business Development for Duncan-Parnell Inc. at Ashland, Virginia
Upcoming Events
World Architecture Festival at United States - Jun 23 - 25, 2021
ProjectWise User Conference 2021 (Virtual) at 685 Stockton Drive Floor 2 Exton PA - Jul 13 - 16, 2021
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Urban Planning & Architectural Design for Sustainable Development – 6th Edition at University of Florence Florence Italy - Sep 14 - 16, 2021
Kenesto: 30 day trial
Jumpstart Solar Panel
UAV Expo2021 -Register   & save
CADalog.com - Countless CAD add-ons, plug-ins and more.



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