8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Jul 25, 2023)

Filed July 25, 2023For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on July 25, 2023, primarily to furnish its second-quarter 2023 earnings release dated July 25, 2023. The filing indicates that the company is providing non-GAAP financial measures, specifically free cash flow and ratios derived from it, alongside its standard GAAP reporting. Texas Instruments views these non-GAAP measures as valuable for understanding its liquidity, cash generation capabilities, and the potential for returning capital to shareholders, offering a supplementary view to the official GAAP figures.

Key Highlights

  • 1Texas Instruments filed an 8-K on July 25, 2023, to report its Q2 2023 results.
  • 2The filing includes a press release detailing the company's financial performance and condition for the second quarter.
  • 3Texas Instruments is providing non-GAAP financial measures, including free cash flow and related ratios.
  • 4The company believes these non-GAAP metrics offer investors enhanced insight into liquidity and cash return potential.
  • 5Reconciliations between non-GAAP and GAAP financial measures are available in the provided news release.
  • 6The filing consists of Exhibit 99 (News Release) and the Cover Page Interactive Data File.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially furnish Texas Instruments' press release detailing its second-quarter 2023 financial results and operational condition, as is customary for publicly traded companies.

The filing explicitly mentions 'free cash flow' and 'ratios based on free cash flow' as key non-GAAP financial measures provided by Texas Instruments.

Texas Instruments believes these non-GAAP measures provide investors with a clearer understanding of its liquidity, its ability to generate cash, and the amount of cash potentially available to be returned to shareholders. They are considered supplemental to the standard GAAP measures.

The reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is included within the 'Non-GAAP financial information' section of the news release attached as Exhibit 99 to this 8-K filing.