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 
FORM 10-K
ITEM 6. Selected Financial Data.
For Years Ended December 31,
2014 2013 2012 2011 2010
(Millions of dollars, except share and per-share amounts)
Cash flow data
Cash flows from operating activities . . . . . . . . . . . . . . . . . . $ 3,892 $ 3,384 $ 3,414 $ 3,256 $ 3,820
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . 385 412 495 816 1,199
Free cash flow (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,507 2,972 2,919 2,440 2,621
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,323 1,175 819 644 592
Stock repurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,831 2,868 1,800 1,973 2,454
Income statement data
Revenue฀by฀segment:
Analog . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,104 7,194 6,998 6,375 5,979
Embedded฀Processing . . . . . . . . . . . . . . . . . . . . . . . 2,740 2,450 2,257 2,381 2,359
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,201 2,561 3,570 4,979 5,628
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,045 12,205 12,825 13,735 13,966
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,427 6,364 6,368 6,772 7,492
Operating฀expenses฀(R&D฀and฀SG&A) . . . . . . . . . . . . . . . . . . 3,201 3,380 3,681 3,353 3,089
Acquisition charges . . . . . . . . . . . . . . . . . . . . . . . . . . 330 341 450 315 —
Restructuring฀charges/other . . . . . . . . . . . . . . . . . . . . . . (51) (189) 264 112 (111)
Operating profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,947 2,832 1,973 2,992 4,514
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,821 $ 2,162 $ 1,759 $ 2,236 $ 3,228
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 earnings per share (EPS) is calculated using the following:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,821 $ 2,162 $ 1,759 $ 2,236 $ 3,228
Income allocated to RSUs . . . . . . . . . . . . . . . . . . . . . . . (43) (36) (31) (34) (44)
Income allocated to common shares for diluted EPS . . . . . . . . . . $ 2,778 $ 2,126 $ 1,728 $ 2,202 $ 3,184
Average diluted shares outstanding, in millions . . . . . . . . . . . . . 1,080 1,113 1,146 1,171 1,213
Diluted earnings per common share . . . . . . . . . . . . . . . . . . $ 2.57 $ 1.91 $ 1.51 $ 1.88 $ 2.62
Cash dividends declared per common share . . . . . . . . . . . . . . $ 1.24 $ 1.07 $ 0.72 $ 0.56 $ 0.49
(a)฀ Free฀cash฀flow฀is฀a฀non-GAAP฀measure฀derived฀by฀subtracting฀Capital฀expenditures฀from฀Cash฀flows฀from฀operating฀activities.
December 31,
2014 2013 2012 2011 2010
(Millions of dollars, except Other data items)
Balance sheet data
Cash, cash equivalents and short-term investments . . . . . . . . . . $ 3,541 $ 3,829 $ 3,965 $ 2,935 $ 3,072
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,722 18,938 20,021 20,497 13,401
Current฀portion฀of฀long-term฀debt฀and฀commercial฀paper฀borrowings . . 1,001 1,000 1,500 1,381 —
Long-term฀debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,641 4,158 4,186 4,211 —
Other data
Number฀of:
Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,003 32,209 34,151 34,759 28,412
Stockholders of record . . . . . . . . . . . . . . . . . . . . . . . 16,361 17,213 18,128 19,733 20,525
See Notes to the financial statements and Management’s discussion and analysis of financial condition and results of operations.