Stock Analysis on Net
Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Common-Size Income Statement

Texas Instruments Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue (COR) -37.10 -31.24 -32.53 -35.90 -36.29
Gross profit 62.90% 68.76% 67.47% 64.10% 63.71%
Research and development (R&D) -10.63 -8.34 -8.47 -10.58 -10.73
Selling, general and administrative (SG&A) -10.42 -8.51 -9.08 -11.22 -11.44
Acquisition charges 0.00 0.00 -0.77 -1.37 -2.00
Restructuring charges 0.00 0.00 0.00 -0.17 0.10
Integration charges 0.00 -1.28 -0.57 0.00 0.00
Gains on sales of assets 0.00 0.00 0.27 0.01 0.15
Restructuring charges/other 0.00% -1.28% -0.29% -0.17% 0.25%
Operating profit 41.85% 50.63% 48.84% 40.76% 39.79%
Other income 2.76 0.84 0.79 2.26 1.37
Other expense -0.25 -0.31 -0.01 -0.10 -0.15
Other income (expense), net (OI&E) 2.51% 0.53% 0.78% 2.16% 1.22%
Interest and debt expense -2.01 -1.07 -1.00 -1.31 -1.18
Income before income taxes 42.34% 50.09% 48.62% 41.61% 39.82%
Provision for income taxes -5.18 -6.41 -6.27 -2.92 -4.94
Net income 37.16% 43.68% 42.35% 38.69% 34.88%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Texas Instruments Inc. operating profit as a percentage of revenue increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Texas Instruments Inc. income before income taxes as a percentage of revenue increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Texas Instruments Inc. net income as a percentage of revenue increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.