TI(US:TXN)2024-10-23 13:31Financial Performance - Third quarter revenue was $4.15 billion, a decrease of 8% year-over-year and an increase of 9% sequentially[59] - Net income for the third quarter was $1.36 billion, with earnings per share (EPS) of $1.47, down from $1.71 billion and $1.85 EPS in the same quarter last year[61] - Year-to-date revenue for 2024 was $11.63 billion, a decrease of 13% compared to the same period in 2023[67] - Revenue for the 12 months ended September 30, 2024, was $15,711 million, a decrease from $18,112 million in 2023[78] Cash Flow - Cash flow from operations for the trailing 12 months was $6.2 billion, with free cash flow of $1.5 billion[59] - Cash flow from operations (GAAP) for 2024 was $6,244 million, compared to $6,538 million in 2023, reflecting a 4% decrease[78] - Free cash flow (non-GAAP) for 2024 was $1,468 million, down 11% from $1,648 million in 2023[78] - Cash flow from operations as a percentage of revenue (GAAP) improved to 39.7% in 2024 from 36.1% in 2023[78] - Free cash flow as a percentage of revenue (non-GAAP) increased slightly to 9.3% in 2024 from 9.1% in 2023[78] Capital Expenditures - Capital expenditures for the first nine months of 2024 were $3.63 billion, down from $3.92 billion in the previous year[73] Dividends - The company announced a 5% increase in dividends, marking 21 consecutive years of dividend increases[74] Profitability - Operating profit margin for the third quarter was 37.4%, down from 41.7% in the same quarter last year[60] Revenue Breakdown - Embedded Processing revenue decreased by 27% year-over-year to $653 million[64] Future Expectations - The company expects to receive $6 billion to $8 billion from the U.S. Department of Treasury's investment tax credit through 2034[74] Cash Position - Total cash at the end of Q3 2024 was $8.75 billion, an increase of $177 million from the end of 2023[71]