Summary
Texas Instruments Inc. (TXN) filed an 8-K on April 11, 2013, to disclose a change in its segment reporting structure. This transition, effective for the first-quarter 2013 financial report, aims to better align with the company's strategic focus and new organizational setup. Investors should note that unaudited historical financial data has been recast to reflect this new structure, and this information is accessible on TI's corporate website.
Key Highlights
- 1Texas Instruments is changing its segment reporting structure.
- 2The new structure will be implemented starting with the first-quarter 2013 financial results.
- 3The change is intended to align reporting with the company's strategic focus and organizational structure.
- 4Historical financial data has been recast to reflect the new segment reporting.
- 5Recast financial data is available on the Texas Instruments investor relations website (www.ti.com/ir).
- 6Specific sections on the website include 'Segment Revenue & Operating Profit' and 'Legacy Wireless Products Revenue'.
Frequently Asked Questions
Texas Instruments is changing its segment reporting structure to better align with its strategic focus and its new organizational structure, providing a clearer view of performance across its business segments.
The new segment reporting structure will take effect starting with Texas Instruments' first-quarter 2013 financial report.
Investors can find the recast unaudited historical financial data on Texas Instruments' corporate website at www.ti.com/ir, under the headings 'Segment Revenue & Operating Profit' and 'Legacy Wireless Products Revenue'.
'Recast' means that previously reported historical financial data has been restated or reclassified to conform to the new segment reporting structure. This allows for a more consistent comparison of past performance with future results under the new framework.