8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 21, 2021)

Filed July 21, 2021For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on July 20, 2021, to furnish its press release concerning its first-quarter financial results. The press release, dated July 21, 2021, provides details on the company's performance and financial condition. Investors should note that the release includes non-GAAP financial measures, specifically free cash flow and ratios derived from it. Texas Instruments uses these non-GAAP measures to offer additional insights into its liquidity, cash generation capabilities, and the cash available for shareholder returns. While these metrics are presented to supplement the standard GAAP reporting, investors are encouraged to review the reconciliations provided within the news release to understand the differences between GAAP and non-GAAP figures. This filing is primarily informational, directing investors to the attached press release for comprehensive financial details.

Key Highlights

  • 1Texas Instruments filed an 8-K on July 20, 2021, with the SEC.
  • 2The 8-K report includes a press release dated July 21, 2021, detailing Q1 financial results.
  • 3The press release contains non-GAAP financial measures, specifically free cash flow and related ratios.
  • 4Management believes non-GAAP measures provide insights into liquidity and cash available for shareholders.
  • 5Reconciliation between GAAP and non-GAAP measures is available in the press release.
  • 6This filing serves to officially furnish the financial results press release.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially furnish Texas Instruments' press release dated July 21, 2021, which announces and discusses the company's first-quarter results of operations and financial condition.

The key non-GAAP financial measures mentioned are free cash flow and ratios based on free cash flow. Texas Instruments uses these to provide additional insights into its financial performance and cash generation capabilities.

The 8-K filing directs investors to the attached press release (Exhibit 99) for detailed financial information, including the company's results of operations and financial condition. The press release also contains reconciliations between non-GAAP and GAAP financial measures.

This filing reports the company's first-quarter results. The press release attached to the 8-K, dated July 21, 2021, would contain the specific financial performance details for that quarter.