德州仪器公司（TI）发布 2023 年第三季度财务业绩与股东回报
德州仪器公司（TI）（NASDAQ: TXN）日前公布其第三季度财务报告，营业收入为 45.3 亿美元，净收益为 17.1 亿美元，每股收益为 1.85 美元。每股收益包括公司原始指导中未包含的5美分收益。
关于公司业绩及股东回报，德州仪器总裁及首席执行官 Haviv Ilan 作如下说明：
- “营业收入环比持平，较去年同期下降 14%。本季度，汽车市场保持增长，工业市场疲软态势扩大。
- “过去 12 个月中，我们的经营现金流达 65 亿美元，再次凸显了公司在商业模式、高质量的产品组合以及 12 英寸模拟产品生产方面的诸多优势。自由现金流在过去一年中达 16 亿美元。
- “过去 12 个月，我们在研发和销售及行政管理开支的投资达 37 亿美元，资本支出投资达 49 亿美元，给股东的回报达 56 亿美元。
- “预计2023 年第四季度，我们的营业收入在 39.3 亿美元至 42.7 亿美元之间，每股收益范围在 1.35 美元至 1.57 美元之间。2023 年的实际税率约为 13% 到 14%。”
自由现金流为非 GAAP 财务衡量指标。自由现金流指的是经营活动产生的现金流减去资本支出后的所余现金。
盈利摘要
单位为百万美元，每股收益除外。
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Q3 2023 |
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Q3 2022 |
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变化 |
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营业收入 |
|
$ |
4,532 |
|
$ |
5,241 |
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(14) % |
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营业利润 |
|
$ |
1,892 |
|
$ |
2,678 |
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(29) % |
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净收入 |
|
$ |
1,709 |
|
$ |
2,295 |
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(26) % |
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每股收益 |
|
$ |
1.85 |
|
$ |
2.47 |
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(25) % |
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现金流量
单位为百万美元。
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最近连续12个月 |
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Q3 2023 |
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Q3 2023 |
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Q3 2022 |
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变化 |
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经营现金流 |
|
$ |
1,937 |
|
$ |
6,538 |
|
$ |
9,035 |
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(28) % |
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资本支出 |
|
$ |
1,495 |
|
$ |
4,890 |
|
$ |
3,112 |
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57 % |
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自由现金流 |
|
$ |
442 |
|
$ |
1,648 |
|
$ |
5,923 |
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(72) % |
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自由现金流占营业收入百分比 |
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9.1 % |
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29.3 % |
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现金回报
单位为百万美元。
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最近连续12个月 |
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Q3 2023 |
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Q3 2023 |
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Q3 2022 |
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变化 |
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分派股息 |
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$ |
1,126 |
|
$ |
4,499 |
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$ |
4,236 |
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6 % |
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股票回购 |
|
$ |
46 |
|
$ |
1,076 |
|
$ |
2,909 |
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(63) % |
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总现金回报 |
|
$ |
1,172 |
|
$ |
5,575 |
|
$ |
7,145 |
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(22) % |
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TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
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Consolidated Statements of Income |
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For Three Months Ended September 30, |
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(In millions, except per-share amounts) |
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2023 |
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2022 |
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Revenue |
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$ |
4,532 |
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$ |
5,241 |
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Cost of revenue (COR) |
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|
1,717 |
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|
1,624 |
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Gross profit |
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2,815 |
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|
3,617 |
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Research and development (R&D) |
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471 |
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|
431 |
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Selling, general and administrative (SG&A) |
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452 |
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431 |
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Restructuring charges/other |
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— |
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77 |
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Operating profit |
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1,892 |
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|
2,678 |
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Other income (expense), net (OI&E) |
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128 |
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33 |
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Interest and debt expense |
|
|
98 |
|
|
53 |
|
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Income before income taxes |
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1,922 |
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|
2,658 |
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Provision for income taxes |
|
|
213 |
|
|
363 |
|
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Net income |
|
$ |
1,709 |
|
$ |
2,295 |
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Diluted earnings per common share |
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$ |
1.85 |
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$ |
2.47 |
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Average shares outstanding: |
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Basic |
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|
908 |
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|
913 |
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Diluted |
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|
916 |
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|
923 |
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Cash dividends declared per common share |
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$ |
1.24 |
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$ |
1.15 |
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Supplemental Information (Quarterly, except as noted) |
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Provision for income taxes is based on the following: |
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Operating taxes (calculated using the estimated annual effective tax rate) |
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$ |
229 |
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$ |
391 |
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Discrete tax items |
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(16) |
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(28) |
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Provision for income taxes (effective taxes) |
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$ |
213 |
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$ |
363 |
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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: |
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Net income |
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$ |
1,709 |
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$ |
2,295 |
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Income allocated to RSUs |
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(10) |
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(11) |
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Income allocated to common stock for diluted EPS |
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$ |
1,699 |
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$ |
2,284 |
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TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
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Consolidated Balance Sheets |
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September 30, |
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(In millions, except par value) |
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2023 |
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2022 |
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ |
2,566 |
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$ |
3,169 |
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Short-term investments |
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6,382 |
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5,921 |
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Accounts receivable, net of allowances of ($15) and ($10) |
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1,976 |
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2,040 |
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Raw materials |
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|
401 |
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|
333 |
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Work in process |
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2,147 |
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|
1,347 |
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Finished goods |
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1,360 |
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|
724 |
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Inventories |
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3,908 |
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|
2,404 |
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Prepaid expenses and other current assets |
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|
265 |
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|
238 |
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Total current assets |
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15,097 |
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|
13,772 |
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Property, plant and equipment at cost |
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12,528 |
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|
9,491 |
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Accumulated depreciation |
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(3,208) |
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(3,006) |
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Property, plant and equipment |
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9,320 |
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|
6,485 |
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Goodwill |
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|
4,362 |
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|
4,362 |
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Deferred tax assets |
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|
632 |
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|
291 |
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Capitalized software licenses |
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|
138 |
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|
75 |
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Overfunded retirement plans |
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|
166 |
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|
273 |
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Other long-term assets |
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|
1,923 |
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|
799 |
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Total assets |
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$ |
31,638 |
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$ |
26,057 |
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Liabilities and stockholders’ equity |
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Current liabilities: |
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Current portion of long-term debt |
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$ |
300 |
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$ |
499 |
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Accounts payable |
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|
713 |
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|
780 |
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Accrued compensation |
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|
707 |
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|
662 |
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Income taxes payable |
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|
108 |
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|
123 |
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Accrued expenses and other liabilities |
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|
824 |
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|
734 |
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Total current liabilities |
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|
2,652 |
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|
2,798 |
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Long-term debt |
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|
10,922 |
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|
7,438 |
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Underfunded retirement plans |
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|
141 |
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|
69 |
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Deferred tax liabilities |
|
|
66 |
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|
92 |
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Other long-term liabilities |
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|
1,226 |
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|
1,153 |
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Total liabilities |
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|
15,007 |
|
|
11,550 |
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Stockholders’ equity: |
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Preferred stock, $25 par value. Shares authorized – 10; none issued |
|
|
— |
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— |
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Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741 |
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|
1,741 |
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|
1,741 |
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Paid-in capital |
|
|
3,280 |
|
|
2,877 |
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Retained earnings |
|
|
52,098 |
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|
49,519 |
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Treasury common stock at cost |
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Shares: September 30, 2023 – 833; September 30, 2022 –831 |
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(40,253) |
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(39,476) |
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Accumulated other comprehensive income (loss), net of taxes (AOCI) |
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|
(235) |
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|
(154) |
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Total stockholders’ equity |
|
|
16,631 |
|
|
14,507 |
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Total liabilities and stockholders’ equity |
|
$ |
31,638 |
|
$ |
26,057 |
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TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
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Consolidated Statements of Cash Flows |
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For Three Months Ended September 30, |
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(In millions) |
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|
2023 |
|
2022 |
|
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Cash flows from operating activities |
|
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|
|
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|
Net income |
|
|
$ |
1,709 |
|
$ |
2,295 |
|
|
Adjustments to net income: |
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
303 |
|
|
249 |
|
|
Amortization of capitalized software |
|
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|
17 |
|
|
13 |
|
|
Stock compensation |
|
|
|
79 |
|
|
68 |
|
|
Deferred taxes |
|
|
|
(99) |
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|
(3) |
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Increase (decrease) from changes in: |
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Accounts receivable |
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文章来源于:德州仪器 原文链接
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