北京2018年7月26日電 /美通社/ -- 德州儀器公司（TI）(NASDAQ: TXN)日前公布其第二季度財(cái)務(wù)報(bào)告，營(yíng)業(yè)收入40.2億美元，凈收入14.1億美元，每股收益1.40美元。其中，每股收益包括未涵蓋在公司原始計(jì)劃中的3美分離散稅收益。
關(guān)于公司業(yè)績(jī)及股東回報(bào)，TI董事長(zhǎng)、總裁兼首席執(zhí)行官 Rich Templeton 作如下說(shuō)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(yíng)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(wàn)美元，每股收益除外。
| 2Q18 |
2Q17 |
變化 |
||||
| 營(yíng)業(yè)收入 |
$ |
4,017 |
$ |
3,693 |
9% |
|
| 營(yíng)業(yè)利潤(rùn) |
$ |
1,712 |
$ |
1,480 |
16% |
|
| 凈收入 |
$ |
1,405 |
$ |
1,056 |
33% |
|
| 每股收益 |
$ |
1.40 |
$ |
1.03 |
36% |
現(xiàn)金流量
單位為百萬(wàn)美元。
| 最近連續(xù)12個(gè)月 |
|||||||||||
| 2Q18 |
2Q18 |
2Q17 |
變化 |
||||||||
| 經(jīng)營(yíng)現(xiàn)金流 |
$ |
1,826 |
$ |
6,589 |
$ |
4,564 |
44% |
||||
| 資本支出 |
$ |
249 |
$ |
855 |
$ |
527 |
62% |
||||
| 自由現(xiàn)金流 |
$ |
1,577 |
$ |
5,734 |
$ |
4,037 |
42% |
||||
| 自由現(xiàn)金流占營(yíng)業(yè)收入百分比 |
36.6% |
28.5% |
|||||||||
現(xiàn)金回報(bào)
單位為百萬(wàn)美元。
| 最近連續(xù)12個(gè)月 |
|||||||||||
| 2Q18 |
2Q18 |
2Q17 |
變化 |
||||||||
| 分派股息 |
$ |
606 |
$ |
2,323 |
$ |
1,879 |
24% |
||||
| 股票回購(gòu) |
$ |
1,018 |
$ |
3,247 |
$ |
2,175 |
49% |
||||
| 總現(xiàn)金回報(bào) |
$ |
1,624 |
$ |
5,570 |
$ |
4,054 |
37% |
||||
| TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
||||||
| Consolidated Statements of Income |
||||||
| (Millions of dollars, except share and per-share amounts) |
||||||
| For Three Months Ended |
||||||
| June 30, |
||||||
| 2018 |
2017 |
|||||
| Revenue .................................................................................................................................... |
$ |
4,017 |
$ |
3,693 |
||
| Cost of revenue (COR) ........................................................................................................... |
1,398 |
1,319 |
||||
| Gross profit ................................................................................................................................ |
2,619 |
2,374 |
||||
| Research and development (R&D) ...................................................................................... |
384 |
378 |
||||
| Selling, general and administrative (SG&A) ....................................................................... |
441 |
434 |
||||
| Acquisition charges ................................................................................................................. |
79 |
79 |
||||
| Restructuring charges/other ................................................................................................... |
3 |
3 |
||||
| Operating profit ........................................................................................................................ |
1,712 |
1,480 |
||||
| Other income (expense), net (OI&E) .................................................................................... |
24 |
26 |
||||
| Interest and debt expense ...................................................................................................... |
30 |
20 |
||||
| Income before income taxes ................................................................................................. |
1,706 |
1,486 |
||||
| Provision for income taxes .................................................................................................... |
301 |
430 |
||||
| Net income ................................................................................................................................ |
$ |
1,405 |
$ |
1,056 |
||
| Diluted earnings per common share ................................................................................... |
$ |
1.40 |
$ |
1.03 |
||
| Average shares outstanding (millions): |
||||||
| Basic ...................................................................................................................................... |
977 |
994 |
||||
| Diluted ................................................................................................................................... |
997 |
1,015 |
||||
| 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) ................ |
$ |
344 |
$ |
458 |
||
| Discrete tax items .................................................................................................................... |
(43) |
(28) |
||||
| Provision for income taxes (effective taxes) ...................................................................... |
$ |
301 |
$ |
430 |
||
| Annual operating tax rate ....................................................................................................... |
20% |
31% |
||||
| Effective tax rate ...................................................................................................................... |
18% |
29% |
||||
| As a result of accounting rule ASC 260, which requires a portion of Net income to be allocated to unvested restricted |
||||||
| Net income ................................................................................................................................ |
$ |
1,405 |
$ |
1,056 |
||
| Income allocated to RSUs ...................................................................................................... |
(11) |
(10) |
||||
| Income allocated to common stock for diluted EPS ......................................................... |
$ |
1,394 |
$ |
1,046 |
||
| TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
||||||
| Consolidated Balance Sheets |
||||||
| (Millions of dollars, except share amounts) |
||||||
| June 30, |
||||||
| 2018 |
2017 |
|||||
| Assets |
||||||
| Current assets: |
||||||
| Cash and cash equivalents ............................................................................................... |
$ |
2,919 |
$ |
1,140 |
||
| Short-term investments ...................................................................................................... |
2,211 |
1,844 |
||||
| Accounts receivable, net of allowances of ($8) and ($11) .......................................... |
1,551 |
1,469 |
||||
| Raw materials .................................................................................................................. |
155 |
109 |
||||
| Work in process ............................................................................................................... |
1,079 |
1,099 |
||||
| Finished goods ................................................................................................................ |
856 |
739 |
||||
| Inventories ............................................................................................................................ |
2,090 |
1,947 |
||||
| Prepaid expenses and other current assets ................................................................... |
821 |
1,111 |
||||
| Total current assets ............................................................................................................. |
9,592 |
7,511 |
||||
| Property, plant and equipment at cost ................................................................................. |
5,025 |
4,656 |
||||
| Accumulated depreciation ................................................................................................. |
(2,170) |
(2,142) |
||||
| Property, plant and equipment, net .................................................................................. |
2,855 |
2,514 |
||||
| Long-term investments ........................................................................................................... |
271 |
250 |
||||
| Goodwill, net ............................................................................................................................. |
4,362 |
4,362 |
||||
| Acquisition-related intangibles, net ...................................................................................... |
787 |
1,105 |
||||
| Deferred income taxes ........................................................................................................... |
205 |
412 |
||||
| Capitalized software licenses, net ........................................................................................ |
101 |
114 |
||||
| Overfunded retirement plans ................................................................................................ |
205 |
99 |
||||
| Other long-term assets ........................................................................................................... |
149 |
71 |
||||
| Total assets ............................................................................................................................... |
$ |
18,527 |
$ |
16,438 |
||
| Liabilities and stockholders’ equity |
||||||
| Current liabilities: |
||||||
| Current portion of long-term debt ..................................................................................... |
$ |
---- |
$ |
499 |
||
| Accounts payable ................................................................................................................ |
492 |
450 |
||||
| Accrued compensation ...................................................................................................... |
472 |
489 |
||||
| Income taxes payable ........................................................................................................ |
120 |
86 |
||||
| Accrued expenses and other liabilities ........................................................................... |
382 |
353 |
||||
| Total current liabilities ......................................................................................................... |
1,466 |
1,877 |
||||
| Long-term debt ......................................................................................................................... |
5,066 |
3,084 |
||||
| Underfunded retirement plans .............................................................................................. |
82 |
101 |
||||
| Deferred tax liabilities ............................................................................................................. |
50 |
33 |
||||
| Other long-term liabilities ....................................................................................................... |
1,229 |
635 |
||||
| Total liabilities ........................................................................................................................... |
7,893 |
5,730 |
||||
| Stockholders’ equity: |
||||||
| Preferred stock, $25 par value. Authorized – 10,000,000 shares |
||||||
| Participating cumulative preferred – None issued ................................................... |
— |
— |
||||
| Common stock, $1 par value. Authorized – 2,400,000,000 shares |
||||||
| Shares issued – 1,740,815,939 ................................................................................... |
1,741 |
1,741 |
||||
| Paid-in capital ...................................................................................................................... |
1,867 |
1,683 |
||||
| Retained earnings ............................................................................................................... |
36,413 |
34,149 |
||||
| Treasury common stock at cost |
||||||
| Shares: March 31, 2018 – 759,098,020; March 31, 2017 – 743,085,976 ........... |
(29,016) |
(26,345) |
||||
| Accumulated other comprehensive income (loss), net of taxes (AOCI) ................... |
(371) |
(520) |
||||
| Total stockholders’ equity .................................................................................................. |
10,634 |
10,708 |
||||
| Total liabilities and stockholders’ equity .............................................................................. |
$ |
18,527 |
$ |
16,438 |
||
| TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
||||||
| Consolidated Statements of Cash Flows |
||||||
| (Millions of dollars) |
||||||
| For Three Months Ended |
||||||
| June 30, |
||||||
| 2018 |
2017 |
|||||
| Cash flows from operating activities |
||||||
| Net income ............................................................................................................................ |
$ |
1,405 |
$ |
1,056 |
||
| Adjustments to Net income: |
||||||
| Depreciation ..................................................................................................................... |
144 |
134 |
||||
| Amortization of acquisition-related intangibles ......................................................... |
79 |
79 |
||||
| Amortization of capitalized software ........................................................................... |
10 |
12 |
||||
| Stock compensation ....................................................................................................... |
74 |
75 |
||||
| Deferred taxes ................................................................................................................. |
1 |
(54) |
||||
| Increase (decrease) from changes in: |
||||||
| Accounts receivable ........................................................................................................ |
(97) |
(132) |
||||
| Inventories ........................................................................................................................ |
(58) |
(104) |
||||
| Prepaid expenses and other current assets ............................................................... |
61 |
83 |
||||
| Accounts payable and accrued expenses .................................................................. |
6 |
12 |
||||
| Accrued compensation .................................................................................................. |
123 |
131 |
||||
| Income taxes payable .................................................................................................... |
120 |
(385) |
||||
| Changes in funded status of retirement plans ............................................................... |
29 |
19 |
||||
| Other ....................................................................................................................................... |
(71) |
(9) |
||||
| Cash flows from operating activities .................................................................................... |
1,826 |
917 |
||||
| Cash flows from investing activities |
||||||
| Capital expenditures ........................................................................................................... |
(249) |
(151) |
||||
| Proceeds from asset sales.................................................................................................. |
(1,213) |
(1,130) |
||||
| Purchases of short-term investments .............................................................................. |
1,375 |
1,265 |
||||
| Proceeds from short-term investments ........................................................................... |
1,445 |
1,120 |
||||
| Other ....................................................................................................................................... |
6 |
8 |
||||
| Cash flows from investing activities ..................................................................................... |
(81) |
(8) |
||||
| Cash flows from financing activities |
||||||
| Proceeds from issuance of long-term debt..................................................................... |
1,500 |
605 |
||||
| Repayment of debt............................................................................................................... |
(500) |
(375) |
||||
| Dividends paid ...................................................................................................................... |
(606) |
(498) |
||||
| Stock repurchases ............................................................................................................... |
(1,018) |
(650) |
||||
| Proceeds from common stock transactions ................................................................... |
102 |
84 |
||||
| Other ....................................................................................................................................... |
(21) |
(8) |
||||
| Cash flows from financing activities ..................................................................................... |
(543) |
(842) |
||||
| Net change in Cash and cash equivalents .......................................................................... |
1,202 |
67 |
||||
| Cash and cash equivalents at beginning of period ........................................................... |
1,717 |
1,073 |
||||
| Cash and cash equivalents at end of period ...................................................................... |
$ |
2,919 |
$ |
1,140 |
||
各業(yè)務(wù)單元季度業(yè)績(jī)
單位為百萬(wàn)美元。
| 2Q18 |
2Q17 |
變化 |
||||||
| 模擬： |
||||||||
| 營(yíng)業(yè)收入 |
$ |
2,690 |
$ |
2,411 |
12% |
|||
| 營(yíng)業(yè)利潤(rùn) |
$ |
1,263 |
$ |
1,077 |
17% |
|||
| 嵌入式處理： |
||||||||
| 營(yíng)業(yè)收入 |
$ |
943 |
$ |
868 |
9% |
|||
| 營(yíng)業(yè)利潤(rùn) |
$ |
334 |
$ |
271 |
23% |
|||
| 其它： |
||||||||
| 營(yíng)業(yè)收入 |
$ |
384 |
$ |
414 |
(7)% |
|||
| 營(yíng)業(yè)利潤(rùn)* |
$ |
115 |
$ |
132 |
(13)% |
|||
| *包括收購(gòu)、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(guó)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(yíng)活動(dòng)所產(chǎn)生的現(xiàn)金流（也被稱(chēng)為經(jīng)營(yíng)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(jī)。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(wàn)美元。
| For 12 Months Ended |
||||||||
| June 30, |
||||||||
| 2018 |
2017 |
Change |
||||||
| Cash flow from operations (GAAP) ............................................................... |
$ |
6,589 |
$ |
4, 564 |
44% |
|||
| Capital expenditures ......................................................................................... |
(855) |
(527) |
||||||
| Free cash flow (non-GAAP) ............................................................................. |
$ |
5,734 |
$ |
4,037 |
42% |
|||
| Revenue .............................................................................................................. |
$ |
15,672 |
$ |
14,184 |
||||
| Cash flow from operations as a percent of revenue (GAAP) ................... |
42.0% |
32.2% |
||||||
| Free cash flow as a percent of revenue (non-GAAP) ................................. |
36.6% |
28.5% |
||||||
本新聞稿還包括對(duì)年度營(yíng)業(yè)稅率的參考，這是一個(gè)我們用來(lái)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(yíng)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(yíng)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(yíng)業(yè)稅率時(shí)對(duì)預(yù)估年度實(shí)際稅率沒(méi)有進(jìn)行調(diào)整。
預(yù)測(cè)性聲明通知
此新聞稿包含根據(jù)美國(guó)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(jiàn)”、“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(qǐng)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(kāi)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(wàn)家客戶(hù)打造更美好未來(lái)。登錄www.ti.com，了解更多詳情！
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