Texas Instruments 2007 Annual Report Download - page 47

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TEXAS INSTRUMENTS 2007 ANNUAL REPORT 45
SUMMARY OF SELECTED FINANCIAL DATA
(Millions of dollars, except share and per-share amounts)
Years Ended December 31,
2007 2006(a) 2005(b) 2004 2003
Net revenue .............................. $13,835 $14,255 $12,335 $11,552 $8,911
Operating costs and expenses ................ 10,338 10,888 9,776 9,592 8,146
Profit from operations . . . . . . . . . . . . . . . . . . . . . . 3,497 3,367 2,559 1,960 765
Other income (expense) net .................. 195 258 196 212 285
Income from continuing operations
before income taxes ...................... 3,692 3,625 2,755 2,172 1,050
Provision (benefit) for income taxes ............ 1,051 987 582 481 (15)
Income from continuing operations . . . . . . . . . . . . 2,641 2,638 2,173 1,691 1,065
Income from discontinued operations, net of
income taxes ........................... 16 1,703 151 170 133
Net income .............................. $2,657 $4,341 $2,324 $1,861 $1,198
Basic income from continuing operations
per common share ....................... $1.86 $1.73 $1.33 $0.98 $0.62
Diluted income from continuing operations
per common share ....................... $1.83 $1.69 $1.30 $0.96 $0.60
Dividends declared per common share .......... $0.300 $0.130 $0.105 $0.089 $0.085
Average common and dilutive potential common
shares outstanding during year, in thousands ... 1,446,350 1,559,772 1,670,916 1,768,073 1,766,400
(a) Includes a change in depreciation method beginning January 1, 2006 (see description of Change in Depreciation Method in Note 1 of the consolidated financial statements).
(b) Includes the impact of adopting Statement of Financial Accounting Standard No. 123(R), “Share-Based Payments” effective July 1, 2005 (see Note 9 to the consolidated financial
statements).
December 31,
2007 2006 2005 2004 2003
Working capital............................ $4,893 $5,776 $7,035 $8,373 $5,626
Property, plant and equipment, net ............. 3,609 3,950 3,730 3,794 3,998
Total assets .............................. 12,667 13,930 15,063 16,299 15,510
Long-term debt............................ ——329 368 395
Stockholders’ equity ........................ 9,975 11,360 11,937 13,063 11,864
Employees ............................... 30,175 30,986 30,068 30,446 29,083
Stockholders of record ...................... 26,037 27,976 29,848 27,496 28,058
Years Ended December 31,
2007 2006 2005 2004 2003
Net cash provided by operating activities ........ $4,406 $2,454 $ 3,608 $ 2,973 $ 1,986
Capital expenditures ........................ 686 1,272 1,288 1,260 775
Dividends paid ............................ 425 199 173 154 147
Stock repurchases ......................... 4,886 5,302 4,151 753 284
See Notes to Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations.