8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jan 24, 2023)

Filed January 24, 2023For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on January 24, 2023, to report its fourth-quarter and full-year 2022 results of operations and financial condition. The key information is presented via an attached news release. Investors should note that the company references non-GAAP financial measures, specifically free cash flow and ratios derived from it. TXN states these non-GAAP measures offer valuable insights into the company's liquidity, its ability to generate cash, and the cash available for shareholder returns, in addition to providing a perspective on financial performance. These supplemental measures are presented alongside comparable GAAP figures, with detailed reconciliations available in the "Non-GAAP financial information" section of the news release.

Key Highlights

  • 1Texas Instruments (TXN) reported its fourth-quarter and full-year 2022 financial results via an 8-K filing on January 24, 2023.
  • 2The results and financial condition update were provided through an attached news release.
  • 3The filing includes references to non-GAAP financial measures, specifically free cash flow and related ratios.
  • 4TXN emphasizes that these non-GAAP measures provide insights into liquidity and cash generation capability.
  • 5The company states these measures offer a view of cash available for shareholder returns.
  • 6Non-GAAP measures are presented as supplemental to GAAP measures.
  • 7Reconciliations between non-GAAP and GAAP measures are available within the provided news release.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide Texas Instruments' financial results and condition for the fourth quarter and the full year of 2022. The detailed information is contained within an attached news release.

Texas Instruments highlights free cash flow and ratios based on free cash flow as key non-GAAP financial measures in this report.

Texas Instruments uses these non-GAAP measures because it believes they provide investors with additional insight into its liquidity, cash generating capability, and the amount of cash potentially available to return to shareholders, in addition to providing a perspective on financial performance. These are considered supplemental to the standard GAAP measures.

Investors can find the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP measures within the "Non-GAAP financial information" section of the news release attached to this 8-K filing.