8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 22, 2013)

Filed July 22, 2013For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K report on July 22, 2013, to announce its second-quarter 2013 financial results. The report primarily incorporates a press release detailing the company's performance, which includes the use of non-GAAP financial measures. These non-GAAP measures, such as free cash flow and revenue excluding legacy wireless results, are presented to offer investors a clearer view of the company's operational efficiency, cash generation, and its ability to return capital to shareholders. Investors should note that while these non-GAAP figures provide supplemental insights, they are not prepared under U.S. Generally Accepted Accounting Principles (GAAP). Texas Instruments has included reconciliations to the comparable GAAP measures within the press release, allowing for a comprehensive understanding of the company's financial standing and operational trends.

Key Highlights

  • 1Texas Instruments filed an 8-K on July 22, 2013, reporting Q2 2013 results.
  • 2The filing incorporates a press release detailing the company's financial performance for the second quarter.
  • 3Non-GAAP financial measures are used, including free cash flow and revenue excluding legacy wireless.
  • 4The company states these non-GAAP measures offer insights into liquidity, cash generation, and capital return capabilities.
  • 5Non-GAAP revenue adjustments exclude legacy wireless results.
  • 6Reconciliations between non-GAAP and GAAP measures are provided in the attached press release.
  • 7The press release is furnished as Exhibit 99 to the 8-K filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Texas Instruments' financial results for the second quarter of 2013. It incorporates a press release that provides details on the company's performance and financial condition.

Texas Instruments uses both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. The non-GAAP measures mentioned include free cash flow, various ratios based on free cash flow, and revenue excluding legacy wireless results. The company provides these non-GAAP measures to offer additional insights into its liquidity, cash generation, and underlying business performance.

No, the non-GAAP financial measures presented in this report were not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Texas Instruments believes these non-GAAP measures are supplemental and provide useful insights. The company has included reconciliations to the most directly comparable GAAP measures within the accompanying press release for a complete financial picture.

This refers to a non-GAAP financial measure where Texas Instruments has excluded the revenue generated from its older wireless product lines. The company likely uses this metric to highlight the performance and growth of its current or more strategic business segments, providing a clearer view of its ongoing operational trends.