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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Texas Instruments Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | |
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Revenue | |
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Cost of revenue | |
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Gross profit | |
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Research and development | |
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Selling, general and administrative | |
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Restructuring expense | |
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Gain on divestiture | |
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Operating profit | |
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Interest income | |
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Interest on loans | |
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Settlement of Italian grants | |
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Other | |
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Other income (expense), net | |
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Income before income taxes | |
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Provision for income taxes | |
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Income from continuing operations | |
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Income from discontinued operations, net of income taxes | |
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Net income | |
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| Item | Description | The company |
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| Revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Texas Instruments Inc.'s revenue declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Texas Instruments Inc.'s operating profit declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Texas Instruments Inc.'s income before income taxes declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Income from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Texas Instruments Inc.'s income from continuing operations declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Net income | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Texas Instruments Inc.'s net income declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
May 24, 2012