TI reports 4Q13 and 2013 financial results and shareholder returns

 

4Q13 segment results










   4Q13


4Q12

Change


  3Q13

Change

Analog:








       Revenue

$ 1,869


$  1,669

12%


$ 1,931

-3%

       Operating profit

$    561


$     419

34%


$    583

-4%









Embedded Processing:








      Revenue

$    604


$     546

11%


$    668

-10%

      Operating profit

$      41


$       11

273%


$      83

-51%









Other:








      Revenue

$    555


$     764

-27%


$    645

-14%

      Operating profit (loss)*

$      85


$   (291)

  n/a


$    178

-52%









*  Includes Acquisition charges and Restructuring charges/other.

 

Analog:  (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog) 

  • Compared with a year ago, revenue increased in all product lines. Power Management grew the most, followed by Silicon Valley Analog, High Performance Analog and High Volume Analog & Logic.
  • Compared with the prior quarter, revenue declined in all product lines. High Performance Analog declined the most, followed by High Volume Analog & Logic, Power Management and Silicon Valley Analog.
  • Operating profit increased from a year ago primarily due to higher revenue and associated gross profit. Compared with the prior quarter, operating profit decreased due to lower revenue and associated gross profit, which was partially offset by lower operating expenses.

Embedded Processing: (includes Processors, Microcontrollers and Connectivity)

  • Compared with the year-ago quarter, revenue increased due to Microcontrollers. Connectivity also grew, while revenue from Processors was about even.
  • Compared with the prior quarter, revenue declined primarily due to Processors. Microcontrollers and Connectivity also declined.
  • Operating profit increased from a year ago primarily due to higher revenue and associated gross profit. Compared with the prior quarter, operating profit decreased primarily due to lower revenue and associated gross profit.

Other:  (includes DLP® products, custom ASIC products, calculators, royalties and legacy wireless products)

  • Compared with the year-ago quarter, revenue declined due to legacy wireless products.
  • Compared with the prior quarter, revenue declined due to seasonally lower calculator revenue.
  • Operating profit increased from a year ago due to lower restructuring charges as well as lower operating expenses. Operating profit decreased from the prior quarter primarily due to lower revenue and associated gross profit, as well as higher restructuring charges.

 

Year 2013 segment results

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