Texas Instruments Incorporated
Reconciliation of Non-GAAP Financial Measures
On April 23, 2012, we held a publicly webcast conference call with analysts to discuss our first-quarter 2012 earnings. During the call we made the non-GAAP references detailed below. We provided these non-GAAP measures to give investors additional insight into TI's underlying business conditions and results without the impact of some quarter-specific items.
Sequential revenue growth outlook
We made two non-GAAP references to our first-quarter 2012 revenue without the insurance proceeds of about $65 million related to the 2011 Japan earthquake. Both references involved a comparison of our second-quarter 2012 outlook on revenue growth to our first-quarter 2012 results without the benefit of the insurance proceeds. The table below provides a reconciliation of the non-GAAP item to our first-quarter results prepared in accordance with GAAP.
We referred to our first-quarter 2012 gross profit margin without the insurance proceeds of about $65 million related to the 2011 Japan earthquake. The table below provides a reconciliation of this non-GAAP item to our first-quarter results prepared in accordance with GAAP.