Texas Instruments

TEXAS INSTRUMENTS 2009 ANNUAL REPORT 
For Years Ended
December 31,
Consolidated statements of income      2009      2008      2007
[Millions of dollars, except share and per-share amounts]
 
Revenue $ 10,427 $ 12,501 $ 13,835
Cost of revenue 5,428 6,256 6,466
Gross profit 4,999 6,245 7,369
Research and development 1,476 1,940 2,140
Selling, general and administrative 1,320 1,614 1,680
Restructuring expense 212 254 52
Operating profit 1,991 2,437 3,497
Other income (expense) net 26 44 195
Income from continuing operations before income taxes 2,017 2,481 3,692
Provision for income taxes 547 561 1,051
Income from continuing operations 1,470 1,920 2,641
Income from discontinued operations, net of income taxes 16
Net income $ 1,470 $ 1,920 $ 2,657
 
Basic earnings per common share:
     Income from continuing operations $ 1.16 $ 1.46 $ 1.86
     Net income $ 1.16 $ 1.46 $ 1.87
Diluted earnings per common share:
     Income from continuing operations $ 1.15 $ 1.44 $ 1.82
     Net income $ 1.15 $ 1.44 $ 1.83
Average shares outstanding (millions):
     Basic 1,260 1,308 1,417
     Diluted 1,269 1,321 1,444
Cash dividends declared per share of common stock $ 0.45 $ 0.41 $ 0.30
 

See accompanying notes.




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