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ANNUAL
REPORT
TEXAS INSTRUMENTS 2012 ANNUAL REPORT • 39
For Years Ended December 31,
Summary of selected financial data 2012 2011 2010 2009 2008
[Millions of dollars, except share and per-share amounts]
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,825 $ 13,735 $ 13,966 $ 10,427 $ 12,501
Operating costs and expenses (a) (b) . . . . . . . . . . . . . 10,852 10,743 9,452 8,436 10,064
Operating profit . . . . . . . . . . . . . . . . . . . . . . . 1,973 2,992 4,514 1,991 2,437
Interest and debt expense . . . . . . . . . . . . . . . . . . (85) (42) — — —
Other income (expense) net . . . . . . . . . . . . . . . . . 47 5 37 26 44
Income before income taxes . . . . . . . . . . . . . . . . . 1,935 2,955 4,551 2,017 2,481
Provision for income taxes . . . . . . . . . . . . . . . . . . 176 719 1,323 547 561
Net income . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,759 $ 2,236 $ 3,228 $ 1,470 $ 1,920
Basic earnings per common share . . . . . . . . . . . . . . $ 1.53 $ 1.91 $ 2.66 $ 1.16 $ 1.46
Diluted earnings per common share . . . . . . . . . . . . . $ 1.51 $ 1.88 $ 2.62 $ 1.15 $ 1.44
Dividends declared per common share . . . . . . . . . . . $ 0.72 $ 0.56 $ 0.49 $ 0.45 $ 0.41
Average dilutive potential common shares outstanding
during year, in thousands . . . . . . . . . . . . . . . . 1,146,035 1,171,364 1,212,940 1,268,533 1,321,250
(a) Includes Acquisition-related charges of $471 million in 2012 and $426 million in 2011 associated with our 2011 acquisition
of National.
(b) Includes Restructuring charges/other of $264 million, $112 million, ($111) million, $212 million and $254 million in 2012, 2011,
2010, 2009 and 2008 respectively. The $264 million for 2012 includes a gain on the transfer of a Japan substitutional pension of
$144 million, and the ($111) million for 2010 includes a $144 million gain from the divestiture of a product line.
December 31,
2012 2011 2010 2009 2008
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,800 $ 4,329 $ 5,079 $ 4,527 $ 4,258
Property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . 3,912 4,428 3,680 3,158 3,304
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,021 20,497 13,401 12,119 11,923
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,186 4,211 — — —
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,961 10,952 10,437 9,722 9,326
Number of:
Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,151 34,759 28,412 26,584 29,537
Stockholders of record . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,128 19,733 20,525 24,190 25,107
For Years Ended December 31,
2012 2011 2010 2009 2008
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . $3,414 $3,256 $3,820 $2,643 $3,330
Capital expenditures (Additions to property, plant and equipment) . . . . . . . 495 816 1,199 753 763
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 819 644 592 567 537
Stock repurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800 1,973 2,454 954 2,122
See Notes to financial statements and Management’s discussion and analysis of financial condition and results of operations.