|
STATEMENT OF OPERATIONS
– SELECTED ITEMS*
(In millions, except per-share amounts)
|
|
|
|
|
|
| |
|
2007
|
|
2006
|
|
| Net
revenue |
|
$ |
13,835
|
|
|
$
|
14,255
|
|
|
| Cost
of revenue |
|
|
6,502
|
|
|
|
6,996
|
|
|
| Gross
profit |
|
|
7,333
|
|
|
|
7,259
|
|
|
| Gross
profit % of revenue |
|
|
53.0
|
%
|
|
|
50.9
|
%
|
|
| Research
and development (R&D) |
|
|
2,155
|
|
|
|
2,195
|
|
|
| R&D
% of revenue |
|
|
15.6
|
%
|
|
|
15.4
|
%
|
|
| Selling,
general and administrative
(SG&A) |
|
|
1,681
|
|
|
|
1,697
|
|
|
| SG&A
% of revenue |
|
|
12.1
|
%
|
|
|
11.9
|
%
|
|
| Profit
from operations |
|
|
3,497
|
|
|
|
3,367
|
|
|
| Operating
profit % of revenue |
|
|
25.3
|
%
|
|
|
23.6
|
%
|
|
| Other
income (expense)
net |
|
|
195
|
|
|
|
258
|
|
|
| Income
from continuing operations
before income taxes
|
|
|
3,692
|
|
|
|
3,625
|
|
|
| Provision
for income taxes |
|
|
1,051
|
|
|
|
987
|
|
|
| Income
from continuing operations
|
|
|
2,641
|
|
|
|
2,638
|
|
|
| Income
from discontinued
operations,
net of income taxes |
|
|
16
|
|
|
|
1,703
|
|
|
| Net
income |
|
$
|
2,657
|
|
|
$
|
4,341
|
|
|
| Diluted
earnings per
common share:
|
|
|
|
|
|
|
|
|
|
| Income
from continuing operations
|
|
$
|
1.83
|
|
|
$
|
1.69
|
|
|
| Net
income |
|
$
|
1.84
|
|
|
$
|
2.78
|
|
|
| Average
shares
outstanding,
diluted |
|
|
1,446
|
|
|
|
1,560
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* See financial statements
for complete statements
and notes.
|
|
|
|
|
|
|
|
|
|
| Except
as noted,
financial results
are for continuing operations. |
|
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|
|
|
|
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| |
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ABOUT TI
Texas Instruments (NYSE:
TXN) helps customers solve problems and develop new electronics that make
the
world smarter, healthier, safer, greener and more fun. A global semiconductor
company, TI innovates through
manufacturing, design and sales operations in more than 25 countries. For
more information, go to www.ti.com.
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