TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
Consolidated Statements of Cash Flows | ||||||
(Millions of dollars) | ||||||
|
| ||||||
|
|
| For Three Months Ended | ||||
|
|
| September 30, | ||||
|
|
| 2018 |
| 2017 | ||
Cash flows from operating activities |
|
|
|
|
|
|
Net income |
| $ | 1,570 |
| $ | 1,285 |
Adjustments to Net income: |
|
|
|
|
|
|
Depreciation |
|
| 151 |
|
| 133 |
Amortization of acquisition-related intangibles |
|
| 80 |
|
| 80 |
Amortization of capitalized software |
|
| 12 |
|
| 12 |
Stock compensation |
|
| 46 |
|
| 54 |
Deferred taxes |
|
| (52) |
|
| (2) |
Increase (decrease) from changes in: |
|
|
|
|
|
|
Accounts receivable |
|
| (34) |
|
| (106) |
Inventories |
|
| (26) |
|
| 39 |
Prepaid expenses and other current assets |
|
| 151 |
|
| 31 |
Accounts payable and accrued expenses |
|
| 51 |
|
| 47 |
Accrued compensation |
|
| 137 |
|
| 140 |
Income taxes payable |
|
| 22 |
|
| 10 |
Changes in funded status of retirement plans |
|
| 12 |
|
| 31 |
Other |
|
| (14) |
|
| (32) |
Cash flows from operating activities |
|
| 2,106 |
|
| 1,722 |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Capital expenditures |
|
| (370) |
|
| (186) |
Purchases of short-term investments |
|
| (3,099) |
|
| (1,218) |
Proceeds from short-term investments |
|
| 1,715 |
|
| 920 |
| Other |
|
| (14) |
|
| (4) |
| Cash flows from investing activities |
|
| (1,768) |
|
| (488) |
|
|
|
|
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Dividends paid |
|
| (602) |
|
| (495) |
| Stock repurchases |
|
| (1,200) |
|
| (650) |
| Proceeds from common stock transactions |
|
| 55 |
|
| 76 |
| Other |
|
| (8) |
|
| (9) |
| Cash flows from financing activities |
|
| (1,755) |
|
| (1,078) |
|
|
|
|
|
|
|
|
| Net change in Cash and cash equivalents |
|
| (1,417) |
|
| 156 |
| Cash and cash equivalents at beginning of period |
|
| 2,919 |
|
| 1,140 |
| Cash and cash equivalents at end of period |
| $ | 1,502 |
| $ | 1,296 |
