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研发客服德州仪器公司（TI）（NASDAQ: TXN）日前公布其第二季度财务报告，营业收入52.1亿美元，净收益22.9亿美元，每股收益2.45美元。
关于公司业绩及股东回报，TI董事长、总裁兼首席执行官Rich Templeton作如下说明：
- “由于各个市场需求的强劲增长，收入同比上涨14%。
- “过去12个月中，经营现金流达87亿美元，再次体现了公司商业模式的优势。其中自由现金流在过去一年中达59亿美元，占营业收入的30%。这体现了我们高质量的产品组合，以及高效的制造策略，其中包括300毫米（12英寸）模拟产品的生产优势。
- “过去12个月在研发和销售及行政管理开支的投资达32亿美元，资本支出投资达28亿美元，给股东的回报达62亿美元。
- “德州仪器对2022年三季度的预期是：营业收入在49亿美元至53亿美元之间，每股收益范围在2.23美元至2.51美元之间。我们预计2022年的实际税率约为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。
|
|
|
Q2 2022 |
|
Q2 2021 |
|
变化 |
|
||
|
营业收入 |
|
$ |
5,212 |
|
$ |
4,580 |
|
14 % |
|
|
营业利润 |
|
$ |
2,723 |
|
$ |
2,213 |
|
23 % |
|
|
净收入 |
|
$ |
2,291 |
|
$ |
1,931 |
|
19 % |
|
|
每股收益 |
|
$ |
2.45 |
|
$ |
2.05 |
|
20 % |
|
现金流量
单位为百万美元。
|
|
|
|
|
|
最近连续12个月 |
|||||||
|
|
|
Q2 2022 |
|
Q2 2022 |
|
Q2 2021 |
|
变化 |
|
|||
|
经营现金流 |
|
$ |
1,768 |
|
$ |
8,697 |
|
$ |
7,539 |
|
15 % |
|
|
资本支出 |
|
$ |
597 |
|
$ |
2,808 |
|
$ |
1,052 |
|
167 % |
|
|
自由现金流 |
|
$ |
1,171 |
|
$ |
5,889 |
|
$ |
6,487 |
|
(9) % |
|
|
自由现金流占营业收入百分比 |
|
|
|
|
|
30.1 % |
|
|
38.7 % |
|
|
|
现金回报
单位为百万美元。
|
|
|
|
|
|
最近连续12个月 |
|
||||||
|
|
|
Q2 2022 |
|
Q2 2022 |
|
Q2 2021 |
|
变化 |
|
|||
|
分派股息 |
|
$ |
1,060 |
|
$ |
4,127 |
|
$ |
3,644 |
|
13 % |
|
|
股票回购 |
|
$ |
1,182 |
|
$ |
2,052 |
|
$ |
276 |
|
643 % |
|
|
总现金回报 |
|
$ |
2,242 |
|
$ |
6,179 |
|
$ |
3,920 |
|
58 % |
|
|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
|
||||||||
|
|
|
||||||||
|
Consolidated Statements of Income |
|
For Three Months Ended June 30, |
|
||||||
|
(In millions, except per-share amounts) |
|
2022 |
|
2021 |
|
||||
|
Revenue |
|
$ |
5,212 |
|
$ |
4,580 |
|
||
|
Cost of revenue (COR) |
|
|
1,587 |
|
|
1,503 |
|
||
|
Gross profit |
|
|
3,625 |
|
|
3,077 |
|
||
|
Research and development (R&D) |
|
|
414 |
|
|
391 |
|
||
|
Selling, general and administrative (SG&A) |
|
|
422 |
|
|
425 |
|
||
|
Acquisition charges |
|
|
— |
|
|
48 |
|
||
|
Restructuring charges/other |
|
|
66 |
|
|
— |
|
||
|
Operating profit |
|
|
2,723 |
|
|
2,213 |
|
||
|
Other income (expense), net (OI&E) |
|
|
7 |
|
|
73 |
|
||
|
Interest and debt expense |
|
|
49 |
|
|
44 |
|
||
|
Income before income taxes |
|
|
2,681 |
|
|
2,242 |
|
||
|
Provision for income taxes |
|
|
390 |
|
|
311 |
|
||
|
Net income |
|
$ |
2,291 |
|
$ |
1,931 |
|
||
|
Diluted earnings per common share |
|
$ |
2.45 |
|
$ |
2.05 |
|
||
|
Average shares outstanding: |
|
|
|
|
|
|
|
||
|
Basic |
|
|
920 |
|
|
923 |
|
||
|
Diluted |
|
|
930 |
|
|
937 |
|
||
|
Cash dividends declared per common share |
|
$ |
1.15 |
|
$ |
1.02 |
|
||
|
|
|
||||||||
|
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) |
|
$ |
395 |
|
$ |
322 |
|
||
|
Discrete tax items |
|
|
(5) |
|
|
(11) |
|
||
|
Provision for income taxes (effective taxes) |
|
$ |
390 |
|
$ |
311 |
|
||
|
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: |
|
||||||||
|
Net income |
|
$ |
2,291 |
|
$ |
1,931 |
|
||
|
Income allocated to RSUs |
|
|
(10) |
|
|
(7) |
|
||
|
Income allocated to common stock for diluted EPS |
|
$ |
2,281 |
|
$ |
1,924 |
|
||
|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
|
||||||
|
Consolidated Balance Sheets |
|
|
June 30, |
|
|||
|
(In millions, except par value) |
|
2022 |
|
2021 |
|
||
|
Assets |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
3,802 |
|
$ |
3,649 |
|
|
Short-term investments |
|
|
4,585 |
|
|
3,741 |
|
|
Accounts receivable, net of allowances of ($9) and ($9) |
|
|
2,190 |
|
|
1,591 |
|
|
Raw materials |
|
|
305 |
|
|
201 |
|
|
Work in process |
|
|
1,258 |
|
|
996 |
|
|
Finished goods |
|
|
636 |
|
|
659 |
|
|
Inventories |
|
|
2,199 |
|
|
1,856 |
|
|
Prepaid expenses and other current assets |
|
|
267 |
|
|
340 |
|
|
Total current assets |
|
|
13,043 |
|
|
11,177 |
|
|
Property, plant and equipment at cost |
|
|
8,825 |
|
|
6,235 |
|
|
Accumulated depreciation |
|
|
(2,894) |
|
|
(2,557) |
|
|
Property, plant and equipment |
|
|
5,931 |
|
|
3,678 |
|
|
Goodwill |
|
|
4,362 |
|
|
4,362 |
|
|
Deferred tax assets |
|
|
293 |
|
|
326 |
|
|
Capitalized software licenses |
|
|
82 |
|
|
99 |
|
|
Overfunded retirement plans |
|
|
296 |
|
|
254 |
|
|
Other long-term assets |
|
|
716 |
|
|
707 |
|
|
Total assets |
|
$ |
24,723 |
|
$ |
20,603 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and stockholders’ equity |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
499 |
|
$ |
499 |
|
|
Accounts payable |
|
|
712 |
|
|
577 |
|
|
Accrued compensation |
|
|
520 |
|
|
531 |
|
|
Income taxes payable |
|
|
115 |
|
|
107 |
|
|
Accrued expenses and other liabilities |
|
|
714 |
|
|
487 |
|
|
Total current liabilities |
|
|
2,560 |
|
|
2,201 |
|
|
Long-term debt |
|
|
6,745 |
|
|
5,752 |
|
|
Underfunded retirement plans |
|
|
71 |
|
|
131 |
|
|
Deferred tax liabilities |
|
|
90 |
|
|
87 |
|
|
Other long-term liabilities |
|
|
1,165 |
|
|
1,279 |
|
|
Total liabilities |
|
|
10,631 |
|
|
9,450 |
|
|
Stockholders’ equity: |
|
|
|
|
|
|
|
|
Preferred stock, $25 par value. Shares authorized – 10; none issued |
|
|
— |
|
|
— |
|
|
Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741 |
|
|
1,741 |
|
|
1,741 |
|
|
Paid-in capital |
|
|
2,783 |
|
|
2,485 |
|
|
Retained earnings |
|
|
48,280 |
|
|
43,846 |
|
|
Treasury common stock at cost |
|
|
|
|
|
|
|
|
Shares: March 31, 2022 – 819; March 31, 2021 – 818 |
|
|
(38,532) |
|
|
(36,596) |
|
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(180) |
|
|
(323) |
|
|
Total stockholders’ equity |
|
|
14,092 |
|
|
11,153 |
|
|
Total liabilities and stockholders’ equity |
|
$ |
24,723 |
|
$ |
20,603 |
|
前期资产负债表中的某些金额已重新分类，以符合当前的列报方式。
|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
||||||||
|
Consolidated Statements of Cash Flows |
|
|
For Three Months Ended June 30, |
|
||||
|
(In millions) |
|
|
2022 |
|
2021 |
|
||
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
Net income |
|
|
$ |
2,291 |
|
$ |
1,931 |
|
|
Adjustments to net income: |
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
227 |
|
|
184 |
|
|
Amortization of acquisition-related intangibles |
|
|
|
— |
|
|
48 |
|
|
Amortization of capitalized software |
|
|
|
13 |
|
|
15 |
|
|
Stock compensation |
|
|
|
85 |
|
|
69 |
|
|
Gains on sales of assets |
|
|
|
(1) |
|
|
(3) |
|
|
Deferred taxes |
|
|
|
(14) |
|
|
(1) |
|
|
Increase (decrease) from changes in: |
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
|
(395) |
|
|
(7) |
|
|
Inventories |
|
|
|
(139) |
|
|
40 |
|
|
Prepaid expenses and other current assets |
|
|
|
(1) |
|
|
(50) |
|
|
Accounts payable and accrued expenses |
|
|
|
19 |
|
|
(17) |
|
|
Accrued compensation |
|
|
|
134 |
|
|
141 |
|
|
Income taxes payable |
|
|
|
(279) |
|
|
(175) |
|
|
Changes in funded status of retirement plans |
|
|
|
49 |
|
|
7 |
|
|
Other |
|
|
|
(221) |
|
|
(61) |
|
|
Cash flows from operating activities |
|
|
|
1,768 |
|
|
2,121 |
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
|
|
(597) |
|
|
(386) |
|
|
Proceeds from asset sales |
|
|
|
1 |
|
|
3 |
|
|
Purchases of short-term investments |
|
|
|
(2,461) |
|
|
(1,952) |
|
|
Proceeds from short-term investments |
|
|
|
4,200 |
|
|
2,455 |
|
|
Other |
|
|
|
82 |
文章来源于:德州仪器 原文链接
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