8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 21, 2014)

Filed July 21, 2014For Securities:TXN

Summary

Texas Instruments Incorporated (TXN) filed an 8-K on July 21, 2014, to report its second-quarter 2014 financial results and operational condition. The primary focus of this filing is the accompanying news release which details the company's performance during the quarter. Investors should note that TXN provided non-GAAP financial measures to offer additional insights into its business. These supplementary measures include free cash flow, ratios derived from free cash flow, and revenue excluding legacy wireless operations, which the company believes better reflect its liquidity, cash-generating ability, and operational performance beyond standard accounting principles.

Key Highlights

  • 1Texas Instruments (TXN) reported its Q2 2014 results of operations and financial condition on July 21, 2014, via an 8-K filing.
  • 2The filing includes a news release detailing the company's second-quarter 2014 performance.
  • 3TXN presented non-GAAP financial measures in its reporting, which are not prepared in accordance with U.S. GAAP.
  • 4Key non-GAAP measures highlighted include free cash flow, ratios based on free cash flow, and revenue excluding legacy wireless results.
  • 5The company stated that these non-GAAP measures are intended to provide insights into its liquidity, cash generating capability, and cash available for return to investors.
  • 6TXN believes these non-GAAP measures offer a clearer view of financial performance, complementing comparable GAAP measures.
  • 7Reconciliations between the non-GAAP and comparable GAAP financial measures are provided within the attached news release.

Frequently Asked Questions

This 8-K filing serves to report Texas Instruments' (TXN) results of operations and financial condition for the second quarter of 2014. It primarily includes a news release that details the company's performance during that period.

Non-GAAP financial measures are metrics that are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). TXN uses them, such as free cash flow and revenue excluding legacy wireless, because they believe these measures provide a more insightful view of the company's liquidity, cash generating ability, and the cash available for returning to investors, offering a complementary perspective to GAAP figures.

The detailed Q2 2014 financial results, including both GAAP and non-GAAP measures, are presented in the news release dated July 21, 2014, which is attached as Exhibit 99 to this 8-K filing. Reconciliations to GAAP are also included within that news release.

This specific 8-K filing, dated July 21, 2014, primarily serves to report past financial results for Q2 2014. While the accompanying news release likely discusses the company's performance and outlook, it's important to refer to the full content of the news release for any forward-looking statements or specific guidance provided by TXN.