Texas Instruments : Non-GAAP reconciliations - September 30, 2020
October 21, 2020 at 02:35 am IST
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Texas Instruments Incorporated
Free Cash Flow (Non-GAAP Reconciliation)
(Millions of dollars)
Calculated as of September 30, 2020
Free cash flow and associated ratios
Free cash flow was calculated by subtracting capital expenditures from cash flows from operating activities (also referred to as cash flow from operations). The table below provides a reconciliation of free cash flow to the most directly comparable GAAP measure.
For Three
For 12 Months Ended
Months Ended
September 30,
September 30,
2020
2020
2019
Change
Cash flow from operations (GAAP)...............................................
$
1,443
$
5,768
$
7,040
(18)%
Capital expenditures.......................................................................
Cash flow from operations as a percentage of revenue (GAAP)...
42.0%
47.7%
Free cash flow as a percentage of revenue (non-GAAP)...............
37.6%
40.9%
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Texas Instruments Incorporated published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 21:04:08 UTC
Texas Instruments Incorporated specializes in the design, manufacturing and marketing of semiconductors. Net sales break down by family of products as follows:
- analog circuits (74.4%): operational amplifiers, audio amplifiers, interface circuits, data converters, power management circuits, logic integrated circuits, etc.;
- processors (19.2%): microprocessors, digital signal processors, microcontrollers, etc. for telecom applications (telephones and cellular infrastructures), and automobiles;
- other (6.4%): primarily graphic calculators et wireless connectivity products.
Net sales are distributed geographically as follows: the United States (33.2%), Europe/Middle East/Africa (26.5%), China (18.8%), Japan (10.2%), Asia (9.8%) and other (1.5%).