|
Texas Instruments Incorporated
Reconciliation of Non-GAAP Financial Measures
On July 23, 2012, we held a publicly webcast conference call with analysts to discuss our second-quarter 2012 business results. During the call, we made a non-GAAP reference to TI's five-year average quarterly sequential growth rate, including revenue reported by National Semiconductor (referred to as Silicon Valley Analog or SVA on the conference call) prior to TI's September 2011 acquisition and excluding revenue associated with TI's baseband products.
We provided this non-GAAP measure to give investors additional insight into TI's underlying business conditions and results including or excluding some selected items. The tables below provide a reconciliation of this non-GAAP sequential growth rate to TI's average quarterly sequential growth rate as prepared in accordance with GAAP.
 |
| |
| |
| 3Q vs. 2Q Five-Year Sequential Growth Rate Average |
|
| |
| Revenue as reported (GAAP): |
| |
| |
|
For Three Months
Ended June 30 |
|
|
For Three Months
Ended Sept. 30 |
|
Sequential
Growth Rate |
|
|
|
|
|
|
| 2011 |
$ |
3,458 |
|
$ |
3,466 |
|
0% |
| 2010 |
|
3,496 |
|
|
3,740 |
|
7% |
| 2009 |
|
2,457 |
|
|
2,880 |
|
17% |
| 2008 |
|
3,351 |
|
|
3,387 |
|
1% |
| 2007 |
|
3,424 |
|
|
3,663 |
|
7% |
|
|
Five-Year Sequential
Growth Rate Average |
|
|
|
|
|
|
6% |
|
|
|
|
|
| |
| |
| Plus NSC revenue not included above: |
| |
| |
|
For Three Months
Ended June 30 |
|
|
For Three Months
Ended Sept. 30 |
|
|
|
|
|
|
|
|
| 2011 |
$ |
383 |
|
$ |
315 |
|
|
| 2010 |
|
404 |
|
|
401 |
|
|
| 2009 |
|
281 |
|
|
314 |
|
|
| 2008 |
|
462 |
|
|
466 |
|
|
| 2007 |
|
456 |
|
|
472 |
|
|
|
| |
| |
| Less Baseband revenue included in Revenue as reported (GAAP): |
| |
| |
|
For Three Months
Ended June 30 |
|
|
For Three Months
Ended Sept. 30 |
|
|
|
|
|
|
|
|
| 2011 |
$ |
228 |
|
$ |
263 |
|
|
| 2010 |
|
416 |
|
|
438 |
|
|
| 2009 |
|
410 |
|
|
450 |
|
|
| 2008 |
|
681 |
|
|
673 |
|
|
| 2007 |
|
788 |
|
|
857 |
|
|
|
| |
| |
| Revenue as adjusted (Non-GAAP): |
| |
| |
|
For Three Months
Ended June 30 |
|
|
For Three Months
Ended Sept. 30 |
|
Sequential
Growth Rate |
|
|
|
|
|
|
| 2011 |
$ |
3,613 |
|
$ |
3,518 |
|
-3% |
| 2010 |
|
3,484 |
|
|
3,703 |
|
6% |
| 2009 |
|
2,328 |
|
|
2,744 |
|
18% |
| 2008 |
|
3,132 |
|
|
3,180 |
|
2% |
| 2007 |
|
3,092 |
|
|
3,278 |
|
6% |
|
|
Five-Year Sequential
Growth Rate Average |
|
|
|
|
|
|
6% |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
Cart |
