Trailing 12 Months

(In millions)

Q3 2024

Q3 2024

Q3 2023

Change 

Dividends paid

$

1,187

$

4,736

$

4,499

5 %

Stock repurchases

$

318

$

457

$

1,076

(58) %

Total cash returned

$

1,505

$

5,193

$

5,575

(7) %

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

For Three Months Ended

September 30,

(In millions, except per-share amounts)

2024

2023

Revenue

$

4,151

$

4,532

Cost of revenue (COR)

1,677

1,717

Gross profit

2,474

2,815

Research and development (R&D)

492

471

Selling, general and administrative (SG&A)

428

452

Operating profit

1,554

1,892

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

131

128

Interest and debt expense

131

98

Income before income taxes

1,554

1,922

Provision for income taxes

192

213

Net income

$

1,362

$

1,709

Diluted earnings per common share

$

1.47

$

1.85

Average shares outstanding:

   Basic

913

908

   Diluted

920

916

Cash dividends declared per common share

$

1.30

$

1.24

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)

$

227

$

229

Discrete tax items

(35)

(16)

Provision for income taxes (effective taxes)

$

192

$

213

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

$

1,362

$

1,709

Income allocated to RSUs

(7)

(10)

Income allocated to common stock for diluted EPS

$

1,355

$

1,699