|
The following describes TI’s results excluding the impact of restructuring charges. Management believes this presentation provides investors additional insight into the underlying business conditions and results.
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Non-GAAP Reconciliation
(Millions of dollars, except share and per-share amounts) |
 |
|
|
| |
|
For the three
months ended
March 31, 2009 |
|
|
| Operating profit as reported |
$ |
10 |
| Pre-tax restructuring charges |
|
105 |
|
|
| Operating profit excluding restructuring charges |
$ |
115 |
|
|
|
|
| |
| Revenue |
$ |
2,086 |
| |
Operating profit percentage of revenue excluding
restructuring charges |
|
5.5% |
|
|
|
| |
|
For the three
months ended
March 31, 2009 |
|
|
| Net income as reported |
$ |
17 |
| Pre-tax restructuring charges |
|
105 |
| Tax impact of restructuring charges |
|
(37) |
|
|
| Net income excluding restructuring charges |
$ |
85 |
|
|
|
|
| |
| Average diluted shares outstanding |
|
1,277 |
| |
Diluted earnings per share excluding the impact of
restructuring charges |
$ |
.07 |
|
