8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 25, 2016)

Filed July 25, 2016For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on July 25, 2016, to furnish its press release detailing second-quarter results of operations and financial condition. The report highlights the company's use of non-GAAP financial measures, specifically free cash flow and related ratios. TXN emphasizes that these measures offer valuable insights into its liquidity, cash-generating ability, and the cash available for potential investor returns, serving as a complement to their GAAP financial statements. Investors should note that the primary purpose of this filing was to make the Q2 earnings press release publicly available. While specific financial figures from the press release are not detailed in the 8-K itself, the company directs readers to the provided press release (Exhibit 99) for a comprehensive overview of their performance, including reconciliations of non-GAAP measures to their GAAP equivalents. This allows for a more complete understanding of TXN's financial health and operational efficiency as presented by management.

Key Highlights

  • 1Texas Instruments Inc. (TXN) filed an 8-K on July 25, 2016, reporting on its Q2 2016 financial results.
  • 2The filing includes a press release (Exhibit 99) detailing the company's operational and financial condition for the second quarter.
  • 3TXN utilizes non-GAAP financial measures, including free cash flow and related ratios, in its reporting.
  • 4The company believes these non-GAAP measures provide investors with additional insight into liquidity and cash-generating capabilities.
  • 5Free cash flow metrics are presented as supplemental information to standard GAAP measures.
  • 6Reconciliations between non-GAAP and GAAP measures are available within the furnished press release.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially furnish Texas Instruments' press release that announced its second-quarter 2016 results of operations and financial condition.

Non-GAAP financial measures are accounting metrics not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Texas Instruments uses measures like free cash flow because they believe it provides investors with a clearer understanding of the company's liquidity, its ability to generate cash, and the amount of cash potentially available to return to shareholders.

The detailed Q2 financial results and the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures can be found in Exhibit 99, which is the Registrant's News Release dated July 25, 2016, attached to this 8-K filing.