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TEXAS INSTRUMENTS 2013 ANNUAL REPORT • 51
ANNUAL
REPORT
Quarterly Financial Data
[Millions of dollars, except per-share amounts]
Quarter
2013 1st 2nd 3rd 4th
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,885 $ 3,047 $ 3,244 $3,028
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,374 1,570 1,779 1,640
Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395 906 844 687
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 362 660 629 511
Earnings per common share:
Basic earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.32 $ 0.59 $ 0.56 $ 0.46
Diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.32 0.58 0.56 0.46
Quarter
2012 1st 2nd 3rd 4th
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,121 $ 3,335 $ 3,390 $2,979
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,531 1,651 1,740 1,445
Operating profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 397 598 840 139
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265 446 784 264
Earnings per common share:
Basic earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.23 $ 0.38 $ 0.68 $ 0.23
Diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.22 0.38 0.67 0.23
Included in the results above were the following items:
Quarter
2013 1st 2nd 3rd 4th
Acquisition charges (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86 $ 86 $ 86 $ 84
Restructuring charges/other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 (282) 16 62
Quarter
2012 1st 2nd 3rd 4th
Acquisition-related charges (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 174 $ 104 $ 106 $ 88
Recorded as Cost of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 — — —
Recorded as Acquisition charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153 104 106 88
Restructuring charges/other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 13 (122) 363
(a) See Note 2 to the financial statements for additional information.
(b) See Note 3 to the financial statements for additional information.