Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Income Statement
Quarterly Data

Texas Instruments Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue 4,151 3,822 3,661 4,077 4,532 4,531 4,379 4,670 5,241 5,212 4,905 4,832 4,643 4,580 4,289 4,076 3,817 3,239 3,329 3,350 3,771 3,668 3,594
Cost of revenue (COR) (1,677) (1,611) (1,566) (1,646) (1,717) (1,621) (1,516) (1,583) (1,624) (1,587) (1,463) (1,482) (1,491) (1,503) (1,492) (1,430) (1,364) (1,157) (1,241) (1,253) (1,325) (1,308) (1,333)
Gross profit 2,474 2,211 2,095 2,431 2,815 2,910 2,863 3,087 3,617 3,625 3,442 3,350 3,152 3,077 2,797 2,646 2,453 2,082 2,088 2,097 2,446 2,360 2,261
Research and development (R&D) (492) (498) (478) (460) (471) (477) (455) (434) (431) (414) (391) (389) (388) (391) (386) (388) (386) (379) (377) (386) (379) (390) (389)
Selling, general and administrative (SG&A) (428) (465) (455) (438) (452) (461) (474) (429) (431) (422) (422) (404) (412) (425) (425) (398) (407) (401) (417) (412) (399) (420) (414)
Acquisition charges (47) (48) (47) (47) (51) (50) (50) (50) (79) (80) (79)
Restructuring charges/other 124 (48) (77) (66) (66) (54) (24) 36
Operating profit 1,554 1,248 1,286 1,533 1,892 1,972 1,934 2,176 2,678 2,723 2,563 2,503 2,305 2,213 1,939 1,813 1,609 1,228 1,244 1,249 1,589 1,506 1,379
Other income (expense), net (OI&E) 131 130 123 113 128 119 80 51 33 7 15 9 15 73 46 162 27 99 25 53 34 52 36
Interest and debt expense (131) (131) (116) (98) (98) (89) (68) (60) (53) (49) (52) (49) (45) (44) (46) (48) (49) (48) (45) (45) (43) (44) (38)
Income before income taxes 1,554 1,247 1,293 1,548 1,922 2,002 1,946 2,167 2,658 2,681 2,526 2,463 2,275 2,242 1,939 1,927 1,587 1,279 1,224 1,257 1,580 1,514 1,377
Provision for income taxes (192) (120) (188) (177) (213) (280) (238) (205) (363) (390) (325) (325) (328) (311) (186) (239) (234) 101 (50) (187) (155) (209) (160)
Net income 1,362 1,127 1,105 1,371 1,709 1,722 1,708 1,962 2,295 2,291 2,201 2,138 1,947 1,931 1,753 1,688 1,353 1,380 1,174 1,070 1,425 1,305 1,217

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Texas Instruments Inc. revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Texas Instruments Inc. operating profit decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Texas Instruments Inc. income before income taxes decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Texas Instruments Inc. net income increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.