TI(TXN) - 2024 Q4 - Annual Results

Financial Performance - Q4 2024 revenue was $4.01 billion, a decrease of 2% year-over-year and 3% sequentially[2] - Net income for Q4 2024 was $1.21 billion, down 12% from $1.37 billion in Q4 2023[4] - Earnings per share (EPS) for Q4 2024 was $1.30, a decline of 13% compared to $1.49 in the same quarter last year[4] - Total revenue for 2024 was $15,641 million, down 10% from $17,519 million in 2023[21] Cash Flow and Shareholder Returns - Cash flow from operations for the trailing 12 months was $6.3 billion, with free cash flow at $1.5 billion[2] - Total cash returned to shareholders in the trailing 12 months was $5.7 billion, including $4.8 billion in capital expenditures[2] - Dividends paid in the trailing 12 months amounted to $4.8 billion, reflecting a 5% increase year-over-year[6] - Free cash flow for 2024 increased by 11% to $1,498 million from $1,349 million in 2023[21] Capital Expenditures and Investments - Capital expenditures for Q4 2024 were $1.19 billion, a decrease of 5% from the previous year[5] - R&D and SG&A investments over the past 12 months totaled $3.8 billion[2] Segment Performance - Analog segment revenue for Q4 2024 was $3,174 million, a 2% increase from $3,120 million in Q4 2023[15] - Embedded Processing segment revenue for Q4 2024 decreased by 18% to $613 million from $752 million in Q4 2023[15] - Operating profit for the Analog segment in 2024 was $4,608 million, down 21% from $5,821 million in 2023[16] - Operating profit for the Embedded Processing segment in 2024 was $352 million, a 65% decrease from $1,008 million in 2023[16] Assets and Cash Position - Total assets increased to $35.51 billion in 2024, up from $32.35 billion in 2023[12] - Cash and cash equivalents at the end of Q4 2024 were $3,200 million, up from $2,964 million at the end of Q4 2023[14] Future Outlook - TI's first quarter 2025 revenue outlook is projected between $3.74 billion and $4.06 billion, with EPS guidance of $0.94 to $1.16[2] - The company expects continued challenges in the semiconductor market, particularly in industrial and automotive sectors[24]