北京2018年10月25日電 /美通社/ -- 德州儀器公司(TI) (NASDAQ: TXN)日前公布其第三季度財(cái)務(wù)報(bào)告，營業(yè)收入42.6億美元，凈收入15.7億美元，每股收益1.58美元。
關(guān)于公司業(yè)績及股東回報(bào)，TI董事長、總裁兼首席執(zhí)行官Rich Templeton作如下說明：
自由現(xiàn)金流為非GAAP財(cái)務(wù)衡量指標(biāo)。自由現(xiàn)金流指的是經(jīng)營活動(dòng)產(chǎn)生的現(xiàn)金流減去資本支出后的所剩現(xiàn)金。
盈利摘要
單位為百萬美元，每股收益除外。
3Q18 |
3Q17 |
變化 |
||||
營業(yè)收入 |
$ |
4,261 |
$ |
4,116 |
4% |
|
營業(yè)利潤 |
$ |
1,937 |
$ |
1,788 |
8% |
|
凈收入 |
$ |
1,570 |
$ |
1,285 |
22% |
|
每股收益 |
$ |
1.58 |
$ |
1.26 |
25% |
現(xiàn)金流量
單位為百萬美元。
最近連續(xù)12個(gè)月 |
||||||||||||
3Q18 |
3Q18 |
3Q17 |
變化 |
|||||||||
經(jīng)營現(xiàn)金流 |
$ |
2,106 |
$ |
6,973 |
$ |
4,821 |
45% |
|||||
資本支出 |
$ |
370 |
$ |
1,039 |
$ |
574 |
81% |
|||||
自由現(xiàn)金流 |
$ |
1,736 |
$ |
5,934 |
$ |
4,247 |
40% |
|||||
自由現(xiàn)金流占營業(yè)收入百分比 |
37.5% |
29.0% |
||||||||||
現(xiàn)金回報(bào)
單位為百萬美元。
最近連續(xù)12個(gè)月 |
|||||||||||
3Q18 |
3Q18 |
3Q17 |
變化 |
||||||||
分派股息 |
$ |
602 |
$ |
2,430 |
$ |
1,992 |
22% |
||||
股票回購 |
$ |
1,200 |
$ |
3,797 |
$ |
2,325 |
63% |
||||
總現(xiàn)金回報(bào) |
$ |
1,802 |
$ |
6,227 |
$ |
4,317 |
44% |
||||
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES Consolidated Statements of Income (Millions of dollars, except share and per-share amounts) |
||||||
For Three Months Ended |
||||||
September 30, |
||||||
2018 |
2017 |
|||||
Revenue |
$ |
4,261 |
$ |
4,116 |
||
Cost of revenue (COR) |
1,457 |
1,460 |
||||
Gross profit |
2,804 |
2,656 |
||||
Research and development (R&D) |
390 |
375 |
||||
Selling, general and administrative (SG&A) |
396 |
412 |
||||
Acquisition charges |
80 |
80 |
||||
Restructuring charges/other |
1 |
1 |
||||
Operating profit |
1,937 |
1,788 |
||||
Other income (expense), net (OI&E) |
23 |
20 |
||||
Interest and debt expense |
36 |
19 |
||||
Income before income taxes |
1,924 |
1,789 |
||||
Provision for income taxes |
354 |
504 |
||||
Net income |
$ |
1,570 |
$ |
1,285 |
||
Diluted earnings per common share |
$ |
1.58 |
$ |
1.26 |
||
Average shares outstanding (millions): |
||||||
Basic |
969 |
988 |
||||
Diluted |
989 |
1,008 |
||||
Cash dividends declared per common share |
$ |
.62 |
$ |
.50 |
||
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) |
$ |
367 |
$ |
542 |
||
Discrete tax items |
(13) |
(38) |
||||
Provision for income taxes (effective taxes) |
$ |
354 |
$ |
504 |
||
Annual operating tax rate |
20% |
31% |
||||
Effective tax rate |
18% |
28% |
||||
A portion of Net income to be allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS is calculated using the following: |
||||||
Net income |
$ |
1,570 |
$ |
1,285 |
||
Income allocated to RSUs |
(11) |
(11) |
||||
Income allocated to common stock for diluted EPS |
$ |
1,559 |
$ |
1,274 |
||
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
||||||
September 30, |
||||||
2018 |
2017 |
|||||
Assets |
||||||
Current assets: |
||||||
Cash and cash equivalents |
$ |
1,502 |
$ |
1,296 |
||
Short-term investments |
3,611 |
2,148 |
||||
Accounts receivable, net of allowances of ($13) and ($14) |
1,585 |
1,576 |
||||
Raw materials |
171 |
120 |
||||
Work in process |
1,058 |
1,103 |
||||
Finished goods |
887 |
685 |
||||
Inventories |
2,116 |
1,908 |
||||
Prepaid expenses and other current assets |
654 |
1,063 |
||||
Total current assets |
9,468 |
7,991 |
||||
Property, plant and equipment at cost |
5,250 |
4,668 |
||||
Accumulated depreciation |
(2,199) |
(2,101) |
||||
Property, plant and equipment |
3,051 |
2,567 |
||||
Long-term investments |
278 |
258 |
||||
Goodwill |
4,362 |
4,362 |
||||
Acquisition-related intangibles |
707 |
1,025 |
||||
Deferred income taxes |
243 |
414 |
||||
Capitalized software licenses |
94 |
111 |
||||
Overfunded retirement plans |
220 |
112 |
||||
Other long-term assets |
150 |
89 |
||||
Total assets |
$ |
18,573 |
$ |
16,929 |
||
Liabilities and stockholders’ equity |
||||||
Current liabilities: |
||||||
Current portion of long-term debt |
$ |
749 |
$ |
499 |
||
Accounts payable |
492 |
430 |
||||
Accrued compensation |
613 |
635 |
||||
Income taxes payable |
104 |
74 |
||||
Accrued expenses and other liabilities |
424 |
417 |
||||
Total current liabilities |
2,382 |
2,055 |
||||
Long-term debt |
4,318 |
3,084 |
||||
Underfunded retirement plans |
86 |
108 |
||||
Deferred tax liabilities |
43 |
38 |
||||
Other long-term liabilities |
1,228 |
656 |
||||
Total liabilities |
8,057 |
5,941 |
||||
Stockholders’ equity: |
||||||
Preferred stock, $25 par value. Authorized - 10,000,000 |
||||||
Participating cumulative preferred - None issued |
- |
- |
||||
Common stock, $1 par value. Authorized - 2,400,000,000 |
||||||
Shares issued - 1,740,815,939 |
1,741 |
1,741 |
||||
Paid-in capital |
1,918 |
1,718 |
||||
Retained earnings |
37,378 |
34,935 |
||||
Treasury common stock at cost |
||||||
Shares: September 30, 2018 - 775,952,837; |
(30,167) |
(26,901) |
||||
Accumulated other comprehensive income (loss), |
(354) |
(505) |
||||
Total stockholders’ equity |
10,516 |
10,988 |
||||
Total liabilities and stockholders’ equity |
$ |
18,573 |
$ |
16,929 |
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES Consolidated Statements of Cash Flows (Millions of dollars) |
||||||
For Three Months Ended |
||||||
September 30, |
||||||
2018 |
2017 |
|||||
Cash flows from operating activities |
||||||
Net income |
$ |
1,570 |
$ |
1,285 |
||
Adjustments to Net income: |
||||||
Depreciation |
151 |
133 |
||||
Amortization of acquisition-related intangibles |
80 |
80 |
||||
Amortization of capitalized software |
12 |
12 |
||||
Stock compensation |
46 |
54 |
||||
Deferred taxes |
(52) |
(2) |
||||
Increase (decrease) from changes in: |
||||||
Accounts receivable |
(34) |
(106) |
||||
Inventories |
(26) |
39 |
||||
Prepaid expenses and other current assets |
151 |
31 |
||||
Accounts payable and accrued expenses |
51 |
47 |
||||
Accrued compensation |
137 |
140 |
||||
Income taxes payable |
22 |
10 |
||||
Changes in funded status of retirement plans |
12 |
31 |
||||
Other |
(14) |
(32) |
||||
Cash flows from operating activities |
2,106 |
1,722 |
||||
Cash flows from investing activities |
||||||
Capital expenditures |
(370) |
(186) |
||||
Purchases of short-term investments |
(3,099) |
(1,218) |
||||
Proceeds from short-term investments |
1,715 |
920 |
||||
Other |
(14) |
(4) |
||||
Cash flows from investing activities |
(1,768) |
(488) |
||||
Cash flows from financing activities |
||||||
Dividends paid |
(602) |
(495) |
||||
Stock repurchases |
(1,200) |
(650) |
||||
Proceeds from common stock transactions |
55 |
76 |
||||
Other |
(8) |
(9) |
||||
Cash flows from financing activities |
(1,755) |
(1,078) |
||||
Net change in Cash and cash equivalents |
(1,417) |
156 |
||||
Cash and cash equivalents at beginning of period |
2,919 |
1,140 |
||||
Cash and cash equivalents at end of period |
$ |
1,502 |
$ |
1,296 |
||
各業(yè)務(wù)單元季度業(yè)績
單位為百萬美元。
3Q18 |
3Q17 |
變化 |
||||||
模擬： |
||||||||
營業(yè)收入 |
$ |
2,907 |
$ |
2,698 |
8% |
|||
營業(yè)利潤 |
$ |
1,447 |
$ |
1,268 |
14% |
|||
嵌入式處理： |
||||||||
營業(yè)收入 |
$ |
894 |
$ |
931 |
(4)% |
|||
營業(yè)利潤 |
$ |
309 |
$ |
325 |
(5)% |
|||
其它： |
||||||||
營業(yè)收入 |
$ |
460 |
$ |
487 |
(6)% |
|||
營業(yè)利潤* |
$ |
181 |
$ |
195 |
(7)% |
*包括收購、重組或其它費(fèi)用。
與去年同期相比：
模擬：（包括電源、信號(hào)鏈和大容量模擬業(yè)務(wù)）
嵌入式處理：（包括連接微控制器和處理器）
其它：（包括DLP®產(chǎn)品、計(jì)算器、定制ASIC產(chǎn)品）
非GAAP財(cái)務(wù)信息
本新聞稿包括根據(jù)這一衡量標(biāo)準(zhǔn)計(jì)算的自由現(xiàn)金流及各種比值。這些財(cái)務(wù)衡量標(biāo)準(zhǔn)并未包括在美國一般公認(rèn)的會(huì)計(jì)原則(GAAP)中。自由現(xiàn)金流的計(jì)算方法是從最直接可比的GAAP衡量標(biāo)準(zhǔn)中的經(jīng)營活動(dòng)所產(chǎn)生的現(xiàn)金流（也被稱為經(jīng)營現(xiàn)金流）減去資本支出。
本公司認(rèn)為，自由現(xiàn)金流和相關(guān)的比值能夠深刻反映公司的流動(dòng)資金、現(xiàn)金生成能力和潛在可回報(bào)投資者的現(xiàn)金金額，并幫助更好了解公司財(cái)務(wù)業(yè)績。這些非GAAP衡量指標(biāo)是可比GAAP衡量指標(biāo)的補(bǔ)充。
下表中的數(shù)據(jù)是基于最直接可比GAAP的衡量標(biāo)準(zhǔn)經(jīng)調(diào)整后所得出的數(shù)據(jù)。
單位為百萬美元。
For 12 Months Ended |
||||||||
September 30, |
||||||||
2018 |
2017 |
Change |
||||||
Cash flow from operations (GAAP) |
$ |
6,973 |
$ |
4,821 |
45% |
|||
Capital expenditures |
(1,039) |
(574) |
||||||
Free cash flow (non-GAAP) |
$ |
5,934 |
$ |
4,247 |
40% |
|||
Revenue |
$ |
15,817 |
$ |
14,625 |
||||
Cash flow from operations as a percent of revenue (GAAP) |
44.1% |
33.0% |
||||||
Free cash flow as a percent of revenue (non-GAAP) |
37.5% |
29.0% |
||||||
本新聞稿還包括對(duì)年度營業(yè)稅率的參考，這是一個(gè)我們用來描述預(yù)估年度實(shí)際稅率的非GAAP數(shù)據(jù)項(xiàng)，從定義上看，一個(gè)GAAP衡量標(biāo)準(zhǔn)不包括離散稅項(xiàng)目。我們相信，由于營業(yè)稅率更加清晰地描述了預(yù)估年度實(shí)際稅率所代表的內(nèi)容，即稅率將會(huì)對(duì)我們運(yùn)營的增量變化產(chǎn)生怎樣的影響，這一數(shù)據(jù)項(xiàng)是有用的。在使用年度營業(yè)稅率時(shí)對(duì)預(yù)估年度實(shí)際稅率沒有進(jìn)行調(diào)整。
預(yù)測性聲明通知
此新聞稿包含根據(jù)美國1995年《私人證券訴訟改革法案》之免責(zé)條款所擬定的前瞻性聲明。這些聲明一般以 TI及其管理層“相信”、“期望”、“預(yù)期”、“預(yù)見”、“估計(jì)”或其它具有相似含義的字詞呈現(xiàn)。同樣，文中對(duì)TI的業(yè)務(wù)戰(zhàn)略、前景、目的、計(jì)劃、意圖或目標(biāo)之陳述亦屬前瞻性聲明。所有此等前瞻性聲明均具有一定風(fēng)險(xiǎn)及不確定性，可能導(dǎo)致實(shí)際結(jié)果與前瞻性聲明內(nèi)容存在重大差異。
我們希望讀者能仔細(xì)考慮以下重要因素，它們可能導(dǎo)致實(shí)際結(jié)果與TI或其管理層的預(yù)期產(chǎn)生重大差異：
有關(guān)這些因素的更詳細(xì)討論，請參閱TI最新10-K表格1A項(xiàng)“風(fēng)險(xiǎn)因素”的討論。本新聞稿中包含的前瞻性陳述僅截至本新聞稿發(fā)布之日有效，TI不承擔(dān)任何對(duì)這些前瞻性陳述進(jìn)行更新以反映后續(xù)事件或情況的義務(wù)。
關(guān)于德州儀器公司
德州儀器 (TI) 是一家全球性半導(dǎo)體設(shè)計(jì)制造公司，致力于模擬 IC 及嵌入式處理器開發(fā)。TI 擁有全球頂尖人才，銳意創(chuàng)新，引領(lǐng)技術(shù)前沿。今天，TI 正攜手大約10萬家客戶打造更美好未來。登錄www.ti.com，了解更多詳情！
德州儀器商標(biāo)：DLP
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