Texas Instruments

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% 
               
 


This website is posted solely for information purposes and is not to be construed either as an offer to sell or the solicitation of an offer to buy any security.