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TEXAS INSTRUMENTS3 8 • 2013 ANNUAL REPORT
ANNUAL
REPORT
Summary of Selected Financial Data
[Millions of dollars, except share and per-share amounts]
For Years Ended December 31,
2013 2012 2011 2010 2009
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,205 $12,825 $13,735 $13,966 $10,427
Operating costs and expenses (a) (b) . . . . . . . . . . . . . . . . . . . . . . 9,373 10,852 10,743 9,452 8,436
Operating profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,832 1,973 2,992 4,514 1,991
Other income (expense), net (OI&E) . . . . . . . . . . . . . . . . . . . . . . . 17 47 5 37 26
Interest and debt expense . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 85 42 — —
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . 2,754 1,935 2,955 4,551 2,017
Provision for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . 592 176 719 1,323 547
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,162 $ 1,759 $ 2,236 $ 3,228 $ 1,470
Diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . $ 1.91 $ 1.51 $ 1.88 $ 2.62 $ 1.15
Dividends declared per common share . . . . . . . . . . . . . . . . . . . . . $ 1.07 $ 0.72 $ 0.56 $ 0.49 $ 0.45
Average dilutive potential common shares outstanding
during year, in millions . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,113 1,146 1,171 1,213 1,269
(a) Includes Acquisition-related charges of $341 million in 2013, $471 million in 2012 and $426 million in 2011 associated with our
2011 acquisition of National.
(b) Includes Restructuring charges/other, which net to a gain of $189 million, a charge of $264 million, a charge of $112 million, a gain
of $111 million and a charge of $212 million in 2013, 2012, 2011, 2010 and 2009, respectively. The net gain of $189 million for
2013 includes a gain of $315 million from the transfer of wireless connectivity technology; the net charge of $264 million for 2012
includes a gain on the transfer of a Japan substitutional pension of $144 million; and the net gain of $111 million for 2010 includes
a $144 million gain from the divestiture of a product line.
December 31,
2013 2012 2011 2010 2009
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,272 $ 4,800 $ 4,329 $ 5,079 $ 4,527
Property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . 3,399 3,912 4,428 3,680 3,158
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,938 20,021 20,497 13,401 12,119
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,158 4,186 4,211 — —
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,807 10,961 10,952 10,437 9,722
Number of:
Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,209 34,151 34,759 28,412 26,584
Stockholders of record . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,213 18,128 19,733 20,525 24,190
For Years Ended December 31,
2013 2012 2011 2010 2009
Cash flows from operating activities . . . . . . . . . . . . . . . . . . . . . . $ 3,384 $ 3,414 $ 3,256 $ 3,820 $ 2,643
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 412 495 816 1,199 753
Free cash flow (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,972 2,919 2,440 2,621 1,890
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,175 819 644 592 567
Stock repurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,868 1,800 1,973 2,454 954
(a) Free cash flow is a non-GAAP measure derived by subtracting Capital expenditures from Cash flows from operating activities.
See Notes to financial statements and Management’s discussion and analysis of financial condition and results of operations.