Texas Instruments 2014 Annual Report Download - page 3

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TEXAS INSTRUMENTS i
FINANCIAL SNAPSHOT
12.2
15
12
9
6
3
0
3
2
1
0
13.0
Revenue
$B $
Operating Profit Net Income Diluted EPS
2.8
3.9
2.2
1.91
2.8
2.57
Earnings summary
2013
2014
Free cash flow summary
CAGR – Compound annual growth rate
4
3
2
1
0
$B
7% CAGR
2004 2006 2008 2010 2012 2014
Cash generation summary
(Millions of dollars)
2013 2014 Change
Cash flow from operations . . . . . . $3,384 $3,892 15%
Capital expenditures . . . . . . . . . $412 $385 -7%
Free cash flow . . . . . . . . . . . . $2,972 $3,507 18%
Free cash flow % of revenue . . . . . 24% 27%
Cash return summary
(Millions of dollars)
2013 2014 Change
Dividends paid . . . . . . . . . . . . $1,175 $1,323 13%
Stock repurchases . . . . . . . . . . $2,868 $2,831 -1%
Total cash returned . . . . . . . . . . $4,043 $4,154 3%
Note: Free cash flow (non-GAAP) = Cash flow from operations minus Capital expenditures. See page 124 for details.