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TEXAS INSTRUMENTS 2010 ANNUAL REPORT
34
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Summary of selected financial data
Years฀Ended฀December฀31,
2010 2009 2008 2007 2006
[Millions of dollars, except share and per-share amounts]
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,966 $ 10,427 $ 12,501 $ 13,835 $ 14,255
Operating costs and expenses (a) (b) . . . . . . . . . . . 9,452 8,436 10,064 10,338 10,888
Operating profit. . . . . . . . . . . . . . . . . . . . . . 4,514 1,991 2,437 3,497 3,367
Other income (expense) net . . . . . . . . . . . . . . . 37 26 44 195 258
Income from continuing operations
before income taxes . . . . . . . . . . . . . . . . . 4,551 2,017 2,481 3,692 3,625
Provision for income taxes . . . . . . . . . . . . . . . . 1,323 547 561 1,051 987
Income from continuing operations . . . . . . . . . . . . 3,228 1,470 1,920 2,641 2,638
Income from discontinued operations, net
of income taxes . . . . . . . . . . . . . . . . . . . —— — 16 1,703
Net income . . . . . . . . . . . . . . . . . . . . . . . . $ 3,228 $ 1,470 $ 1,920 $ 2,657 $ 4,341
Basic income from continuing
operations per common share . . . . . . . . . . . . $ 2.66 $ 1.16 $ 1.46 $ 1.86 $ 1.72
Diluted income from continuing
operations per common share . . . . . . . . . . . . $ 2.62 $ 1.15 $ 1.44 $ 1.82 $ 1.69
Dividends declared per common share . . . . . . . . . . $ 0.49 $ 0.45 $ 0.41 $ 0.30 $ 0.13
Average dilutive potential common shares
outstanding during year, in thousands . . . . . . . . 1,212,940 1,268,533 1,321,250 1,444,163 1,558,208
(a) Includes restructuring expense of $33 million, $212 million, $254 million and $52 million in 2010, 2009, 2008 and 2007.
(b) Includes gains from sales of product lines of $144 million in 2010 and $39 million in 2007.
December฀31,
2010 2009 2008 2007 2006
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,079 $ 4,527 $ 4,258 $ 4,893 $ 5,776
Property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . 3,680 3,158 3,304 3,609 3,950
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,401 12,119 11,923 12,667 13,930
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,437 9,722 9,326 9,975 11,360
Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,412 26,584 29,537 30,175 30,986
Stockholders of record . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,525 24,190 25,107 26,037 27,976
Years฀Ended฀December฀31,
2010 2009 2008 2007 2006
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . $3,820 $2,643 $3,330 $4,407 $2,456
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,199 753 763 686 1,272
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 592 567 537 425 199
Stock repurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,454 954 2,122 4,886 5,302
See Notes to Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations.