TI reports second quarter 2023 financial results and shareholder returns

 

Cash return





Trailing 12 Months

(In millions)


Q2 2023


Q2 2023


Q2 2022


Change 

Dividends paid


$    1,125


$    4,424


$    4,127


7 %

Stock repurchases


$         79


$    2,026


$    2,052


(1) %

Total cash returned


$    1,204


$    6,450


$    6,179


4 %

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES


Consolidated Statements of Income


For Three Months Ended

June 30,

(In millions, except per-share amounts)


2023


2022

Revenue


$    4,531


$    5,212

Cost of revenue (COR)


1,621


1,587

Gross profit


2,910


3,625

Research and development (R&D)


477


414

Selling, general and administrative (SG&A)


461


422

Restructuring charges/other



66

Operating profit


1,972


2,723

Other income (expense), net (OI&E)


119


7

Interest and debt expense


89


49

Income before income taxes


2,002


2,681

Provision for income taxes


280


390

Net income


$    1,722


$    2,291






Diluted earnings per common share


$      1.87


$      2.45






Average shares outstanding:





   Basic


908


920

   Diluted


916


930






Cash dividends declared per common share


$      1.24


$      1.15






Supplemental Information

(Quarterly, except as noted)






Provision for income taxes is based on the following:



Operating taxes (calculated using the estimated annual effective tax rate)


$       289


$       395

Discrete tax items


(9)


(5)

Provision for income taxes (effective taxes)


$       280


$       390






A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend

equivalents. Diluted EPS is calculated using the following:

Net income


$    1,722


$    2,291

Income allocated to RSUs


(8)


(10)

Income allocated to common stock for diluted EPS


$    1,714


$    2,281


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise