NI CITIZENSHIP REPORT
Company Profile
Economic Performance
National Instruments has a strong track record of growth and profitability, reporting 32 years of growth in its 34-year history, and has built a reputation as a stable supplier, business partner, employer, and corporate citizen. In 2010, NI demonstrated a rapid recovery in revenue and profitability reporting record annual revenue of $873 million USD and record annual net income, while making significant investments to strengthen its product portfolio and expand its sales force. The company’s quick return to record revenue is a strong testament to the value of the R&D and field sales force investments it made throughout the recession.
The company's 2010 revenue of $873 million USD represented a 29 percent increase over 2009 with operating expenses of $544.8 million USD. NI economic value distributed included employee wages and benefits1 of $370.4 million USD; payments to the government2 of $15 million USD; payments to the providers of capital3 of $40.6 million USD; and community investments4 of $2.47 million USD. NI retained an economic value5 of $744.5 million USD. For more corporate and financial news, visit ni.com/nati.
1 Wages and benefits does not include the 2010 company performance bonus, vacation, and other incentives awarded to employees.
2 Payments to the government represents income tax expense as reported in the company's annual 10K report.
3 Payments to the providers of capital represents dividends to shareholders as reported in the company's annual 10K report.
4 Community investments represents voluntary donations and investments of funds in the broader community where the target beneficiaries are external to the company.
5 Retained economic value represents the total stockholders' equity as reported in the company's annual 10K report.
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