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ANNUAL
REPORT
TEXAS INSTRUMENTS52 • 2012 ANNUAL REPORT
Quarterly financial data
[Millions of dollars, except per-share amounts]
Quarter
2012 1st 2nd 3rd 4th
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,121 $ 3,335 $ 3,390 $2,979
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,531 1,651 1,740 1,445
Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 397 598 840 139
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 265 $ 446 $ 784 $ 264
Earnings per common share:
Basic earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.23 $ 0.38 $ 0.68 $ 0.23
Diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.22 $ 0.38 $ 0.67 $ 0.23
Quarter
2011 1st 2nd 3rd 4th
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,392 $ 3,458 $ 3,466 $3,420
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,728 1,753 1,744 1,548
Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 908 905 814 365
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 666 $ 672 $ 601 $ 298
Earnings per common share:
Basic earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.56 $ 0.57 $ 0.52 $ 0.26
Diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.55 $ 0.56 $ 0.51 $ 0.25
Included in the results above were the following items:
Quarter
2012 1st 2nd 3rd 4th
Acquisition-related charges (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 174 $ 104 $ 106 $ 88
Recorded as Cost of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 — — —
Recorded as Acquisition charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153 104 106 88
Restructuring charges/other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10 $ 13 $ (122) $ 363
Quarter
2011 1st 2nd 3rd 4th
Acquisition-related charges (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2 $ 13 $ 154 $ 256
Recorded as Cost of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 7 103
Recorded as Acquisition charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 13 147 153
Restructuring charges/other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ — $ 112
(a) See Note 2 to the financial statements for additional information.
(b) See Note 3 to the financial statements for additional information.