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Texas Instruments Inc. (TXN)


Common-Size Income Statement

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Texas Instruments Inc., Common-Size Consolidated Income Statement

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue (COR) -34.89 -35.74 -38.37 -41.85 -43.07
Gross profit 65.11% 64.26% 61.63% 58.15% 56.93%
Research and development (R&D) -9.88 -10.08 -10.25 -9.85 -10.41
Selling, general and administrative (SG&A) -10.67 -11.32 -13.22 -13.45 -14.13
Acquisition charges -2.01 -2.13 -2.39 -2.53 -2.53
Restructuring charges/other -0.02 -0.07 0.11 0.55 0.39
Operating profit 42.53% 40.66% 35.89% 32.88% 30.26%
Other income (expense), net (OI&E) 0.62 0.50 1.58 0.25 0.16
Interest and debt expense -0.79 -0.52 -0.60 -0.69 -0.72
Income before income taxes 42.36% 40.64% 36.87% 32.43% 29.70%
Provision for income taxes -7.01 -16.03 -9.99 -9.46 -8.07
Net income 35.35% 24.61% 26.89% 22.97% 21.63%

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

Item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Texas Instruments Inc.’s operating profit as a percentage of revenue increased from 2016 to 2017 and from 2017 to 2018.
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.’s income before income taxes as a percentage of revenue increased from 2016 to 2017 and from 2017 to 2018.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Texas Instruments Inc.’s net income as a percentage of revenue declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.