AI English summary of an SEC filing — figures as filed
Texas Instruments TXNTexas Instruments said 2024 revenue was $15.64 billion, a decrease of $1.88 billion or 10.7%, citing lower revenue from Analog and Embedded Processing. Operating profit was $5.47 billion, or 34.9% of revenue, compared with $7.33 billion, or 41.8% of revenue, in the prior year.
Key points
AI summaryTexas Instruments said 2024 revenue was $15.64 billion, a decrease of $1.88 billion or 10.7%, citing lower revenue from Analog and Embedded Processing. Operating profit was $5.47 billion, or 34.9% of revenue, compared with $7.33 billion, or 41.8% of revenue, in the prior year.
The company said gross profit was $9.09 billion, down $1.93 billion or 17.5%, citing lower revenue as the primary factor and higher manufacturing costs associated with planned capacity expansions as a lesser factor. It added that gross profit as a percentage of revenue decreased to 58.1% from 62.9%.
The company said cash flow from operations for 2024 was $6.32 billion, which included a cash benefit of $588 million from the CHIPS Act investment tax credit (ITC). Free cash flow, after deducting capital expenditures of $4.82 billion, was $1.50 billion, representing 9.6% of revenue.
Texas Instruments said it paid dividends of $4.80 billion in 2024, repurchased 4.7 million shares for $929 million and returned a total of $5.72 billion to shareholders. In the same year, it received net proceeds of $2.98 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of $600 million.
Key figures
Fiscal year ended December 31, 2024
- Revenue
- $15.6B
- Operating income
- $5.5B
- Net income
- $4.8B
- EPS
- $5.20
- Gross profit
- $9.1B
- Operating cash flow
- $6.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2024 Revenue $15.64 billion, Operating Profit Margin 34.9%
Texas Instruments said 2024 revenue was $15.64 billion, a decrease of $1.88 billion or 10.7%, citing lower revenue from Analog and Embedded Processing. Operating profit was $5.47 billion, or 34.9% of revenue, compared with $7.33 billion, or 41.8% of revenue, in the prior year.
Source · Based on the MD&A text of the filing
Gross Profit Margin 58.1% and Manufacturing Cost Drivers
The company said gross profit was $9.09 billion, down $1.93 billion or 17.5%, citing lower revenue as the primary factor and higher manufacturing costs associated with planned capacity expansions as a lesser factor. It added that gross profit as a percentage of revenue decreased to 58.1% from 62.9%.
Source · Based on the MD&A text of the filing
Operating Cash Flow $6.32 billion, Free Cash Flow $1.50 billion
The company said cash flow from operations for 2024 was $6.32 billion, which included a cash benefit of $588 million from the CHIPS Act investment tax credit (ITC). Free cash flow, after deducting capital expenditures of $4.82 billion, was $1.50 billion, representing 9.6% of revenue.
Source · Based on the MD&A text of the filing
Shareholder Returns $5.72 billion and Long-Term Debt Issuance
Texas Instruments said it paid dividends of $4.80 billion in 2024, repurchased 4.7 million shares for $929 million and returned a total of $5.72 billion to shareholders. In the same year, it received net proceeds of $2.98 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of $600 million.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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