Texas Instruments 2008 Annual Report Download - page 38

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[ 36 ] TEXAS INSTRUMENTS 2008 ANNUAL REPORT
(Millions of dollars, except share and per-share amounts)
Summary of selected financial data
Years Ended December 31,
2008 2007 2006 (a) 2005 (b) 2004
Revenue ................................... $12,501 $13,835 $14,255 $12,335 $11,552
Operating costs and expenses (c) ................ 10,064 10,338 10,888 9,776 9,592
Operating profit .............................. 2,437 3,497 3,367 2,559 1,960
Other income (expense) net..................... 44 195 258 196 212
Income from continuing operations
before income taxes ......................... 2,481 3,692 3,625 2,755 2,172
Provision for income taxes...................... 561 1,051 987 582 481
Income from continuing operations ............... 1,920 2,641 2,638 2,173 1,691
Income from discontinued operations,
net of income taxes.......................... —16 1,703 151 170
Net income ................................. $1,920 $2,657 $4,341 $2,324 $1,861
Basic income from continuing
operations per common share .................. $1.47 $1.86 $1.73 $1.33 $0.98
Diluted income from continuing
operations per common share .................. $1.45 $1.83 $1.69 $1.30 $0.96
Dividends declared per common share ............ $0.41 $0.30 $0.13 $0.105 $0.089
Average common and dilutive potential
common shares outstanding during year,
in thousands ............................... 1,323,856 1,446,350 1,559,772 1,670,916 1,768,073
(a) Includes a change in depreciation method beginning January 1, 2006.
(b) Includes the impact of adopting Statement of Financial Accounting Standard No. 123(R), Share-Based Payment, effective
July 1, 2005.
(c) Includes restructuring expenses of $254 million, $52 million and $4 million in 2008, 2007 and 2004.
December 31,
2008 2007 2006 2005 2004
Working capital .......................................... $4,258 $4,893 $5,776 $7,035 $8,373
Property, plant and equipment, net ........................... 3,304 3,609 3,950 3,730 3,794
Total assets. ............................................ 11,923 12,667 13,930 15,063 16,299
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —— — 329 368
Stockholders’ equity ...................................... 9,326 9,975 11,360 11,937 13,063
Employees.............................................. 29,537 30,175 30,986 30,068 30,446
Stockholders of record .................................... 25,107 26,037 27,976 29,848 27,496
Years Ended December 31,
2008 2007 2006 2005 2004
Net cash provided by operating activities....................... $3,330 $4,407 $2,456 $3,614 $2,973
Capital expenditures ...................................... 763 686 1,272 1,288 1,260
Dividends paid........................................... 537 425 199 173 154
Stock repurchases........................................ 2,122 4,886 5,302 4,151 753
See Notes to Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations.