Investor Presentaiton
FORM 10-K
Consolidated Statements of Income
(Millions of dollars, except share and per-share amounts)
Revenue
Cost of revenue (COR)
Gross profit
Research and development (R&D) .
Selling, general and administrative (SG&A)
Acquisition charges
Restructuring charges/other
Operating profit
Other income (expense), net (OI&E).
Interest and debt expense
Income before income taxes
Provision for income taxes
Net income
Earnings per common share (EPS):
Basic
Diluted
Average shares outstanding (millions):
Basic
Diluted
For Years Ended December 31,
2016
2015
2014
$ 13,370
$13,000
$ 13,045
5,130
5,440
5,618
8,240
7,560
7,427
1,370
1,280
1,358
1,767
1,748
1,843
319
329
330
(15)
(71)
(51)
4,799
4,274
3,947
211
32
21
80
90
94
4,930
4,216
3,874
1,335
1,230
1,053
$ 3,595
$ 2,986
$ 2,821
3.54 $ 2.86
$ 2.61
3.48 $ 2.82 $ 2.57
1,003
1,030
1,065
1,021
1,043
1,080
Cash dividends declared per common share
1.64
$ 1.40
$
1.24
As a result of accounting rule ASC 260, which requires a portion of Net income to be allocated to unvested restricted stock units
(RSUS) on which we pay dividend equivalents, diluted EPS is calculated using the following:
Net income
$ 3,595
$ 2,986
Income allocated to RSUs
(44)
(42)
Income allocated to common stock for diluted EPS
$ 3,551
$ 2,944
$ 2,821
(43)
$ 2,778
See accompanying notes.
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TEXAS INSTRUMENTS . 2016 FORM 10-KView entire presentation