8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 22, 2015)

Filed July 22, 2015For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on July 22, 2015, to report its second-quarter 2015 financial results. The filing primarily directs investors to a furnished news release that details the company's operational performance and financial condition for the period ended July 21, 2015. Investors should note that the news release includes non-GAAP financial measures, such as free cash flow and related ratios. TXN believes these non-GAAP metrics offer a valuable perspective on its ability to generate cash, its liquidity, and the funds available for shareholder returns, supplementing the standard GAAP reporting.

Key Highlights

  • 1Texas Instruments (TXN) announced its Q2 2015 financial results via an 8-K filing on July 22, 2015.
  • 2The primary information source for the results is a news release furnished as an exhibit.
  • 3The filing includes references to non-GAAP financial measures, specifically free cash flow and ratios derived from it.
  • 4TXN views these non-GAAP measures as important indicators of its cash generation, liquidity, and capacity for returning capital to investors.
  • 5The company emphasizes that these non-GAAP measures are supplementary to, and should be considered alongside, GAAP results.
  • 6A reconciliation between non-GAAP and GAAP financial measures is available within the furnished news release.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Texas Instruments' financial results for the second quarter of 2015 and to provide investors with access to the accompanying news release that details these results.

The filing highlights that the accompanying news release includes non-GAAP financial measures such as free cash flow and ratios based on free cash flow. These are presented in addition to the standard GAAP financial results.

Texas Instruments uses non-GAAP measures like free cash flow because it believes they provide a clearer insight into its liquidity, its ability to generate cash, and the amount of cash available to be returned to investors. These measures are intended to supplement, not replace, GAAP reporting.

The news release furnished with this 8-K filing contains a section titled 'Non-GAAP financial information' which provides the necessary reconciliation between the non-GAAP financial measures and their most directly comparable GAAP measures.