Acct Iii Course Project
Course Project:
Financial Statement Analysis of Texas Instruments, Inc.
Amanda McAdams
Week 6
Intermediate Accounting III
Professor: James Ridilla
Table of Contents
Introduction 3
Deferred Taxes 3-5
Retirement plan 5-6
Share-based Compensation 6
Earnings per Share 6-7
Cash Flow Statement 7-8
Overall Analysis 8
Citations 9
Texas Instruments is famous for handheld scientific calculators; yet they are a company that has their hand in so much more! TI designs and sells semiconductors to electronics manufacturers globally. Operations began in 1930 and have since grown to include operations in 35 countries. TI is segmented into four distinctive markets: analog, embedded processing, wireless, and other semi-conductors. Additionally, TI was the fourth largest semiconductor company in 2012. TI’s main business is producing semi-conductors which are electronic components that serve as the tiny building blocks inside modern electronic systems and equipment. Analog semiconductors change real-world signals - such as sound, temperature, pressure or images - by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as digital signal processors. TI’s embedded processing products include DSPs and microcontrollers. DSPs perform mathematical computations (i.e. the scientific calculators they are most famous for) almost instantaneously to process or improve digital data. Lastly, the newest segment of TI is the wireless segment; which includes application processors, connectivity products and baseband products.
Taxes
The differences in what a given company can deduct for tax purposes and what a company can record for accounting purposes are referred to as either a deferred tax liability or deferred tax asset. Deferred tax situations are due to discrepancies in what is on a company’s
Financial Statement Analysis of Texas Instruments, Inc.
Amanda McAdams
Week 6
Intermediate Accounting III
Professor: James Ridilla
Table of Contents
Introduction 3
Deferred Taxes 3-5
Retirement plan 5-6
Share-based Compensation 6
Earnings per Share 6-7
Cash Flow Statement 7-8
Overall Analysis 8
Citations 9
Texas Instruments is famous for handheld scientific calculators; yet they are a company that has their hand in so much more! TI designs and sells semiconductors to electronics manufacturers globally. Operations began in 1930 and have since grown to include operations in 35 countries. TI is segmented into four distinctive markets: analog, embedded processing, wireless, and other semi-conductors. Additionally, TI was the fourth largest semiconductor company in 2012. TI’s main business is producing semi-conductors which are electronic components that serve as the tiny building blocks inside modern electronic systems and equipment. Analog semiconductors change real-world signals - such as sound, temperature, pressure or images - by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as digital signal processors. TI’s embedded processing products include DSPs and microcontrollers. DSPs perform mathematical computations (i.e. the scientific calculators they are most famous for) almost instantaneously to process or improve digital data. Lastly, the newest segment of TI is the wireless segment; which includes application processors, connectivity products and baseband products.
Taxes
The differences in what a given company can deduct for tax purposes and what a company can record for accounting purposes are referred to as either a deferred tax liability or deferred tax asset. Deferred tax situations are due to discrepancies in what is on a company’s
Citations: Accounting CPE & Books - AccountingTools." The Net Operating Loss Carryback and Carryforward. National Association of State Boards of Accountancy, n.d. Web. 29 Mar. 2013. <http://www.accountingtools.com/>. Acker, Daniel. "Texas Instruments Beats Estimates, Warns on First Quarter." CNBC.com. N.p., n.d. Web. 30 Mar. 2013. <http://www.cnbc.com/id/100398097>. Spiceland, J. David. Intermediate Accounting, 6th Edition: Irwin Professional Pub, 2010. Web. 16 Mar. 2013. TI-2012 Annual Report. Rep. N.p., n.d. Web. 13 Mar. 2013. <http://investor.ti.com/>.