Texas Instruments Inc – ‘10-K405’ for 12/31/98 – EX-11

As of:  Monday, 2/22/99   ·   For:  12/31/98   ·   Accession #:  97476-99-9   ·   File #:  1-03761

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Annual Report -- [x] Reg. S-K Item 405                25±   104K 
 2: EX-3.J      Articles of Incorporation/Organization or By-Laws      2±     9K 
 3: EX-10.G     Material Contract                                      5±    23K 
 4: EX-10.K     Material Contract                                     27±   104K 
 5: EX-11       Statement re: Computation of Earnings Per Share        2±    11K 
 6: EX-12       Statement re: Computation of Ratios                    1      8K 
 7: EX-13       Annual or Quarterly Report to Security Holders        31    199K 
 8: EX-21       Subsidiaries of the Registrant                         1      7K 
 9: EX-23       Consent of Experts or Counsel                          1      8K 
10: EX-24       Power of Attorney                                      4±    21K 
11: EX-27       Financial Data Schedule (Pre-XBRL)                     1      9K 

EX-11   —   Statement re: Computation of Earnings Per Share

                                                        [Enlarge/Download Table]

                                                                                                EXHIBIT 11 
                                                                                                ---------- 

                          TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES                                  
                      EARNINGS PER COMMON AND DILUTIVE POTENTIAL COMMON SHARE                              

                                                                         Years ended December 31           
                                                                ------------------------------------------ 
                                                                        1998           1997           1996 
                                                                     -------        -------        ------- 
                                                                                                           
Income (loss) from continuing operations                                                                   
    before extraordinary item (in millions)....................      $   407        $   302        $   (46)
  Add: Interest, net of tax and profit sharing effect,                                                     
           on convertible debentures assumed converted.........           --             --             -- 
                                                                     -------        -------        ------- 
Adjusted income (loss) from continuing operations                                                          
    before extraordinary item..................................          407            302            (46)
Discontinued operations:                                                                                   
  Income from operations.......................................           --             52            109 
  Gain on sale.................................................           --          1,473             -- 
Extraordinary item.............................................           --            (22)            -- 
                                                                     -------        -------        ------- 
Adjusted net income............................................      $   407        $ 1,805        $    63 
                                                                     =======        =======        ======= 

Diluted earnings (loss) per common and dilutive potential                                                  
  common share:                                                                                            
Weighted average common shares outstanding (in thousands)......      390,495        385,141        379,388 
  Weighted average dilutive potential common shares:                                                       
    Stock option and compensation plans........................       10,434          9,319             -- 
    Convertible debentures.....................................           --          3,267             -- 
                                                                     -------        -------        ------- 
Weighted average common and dilutive potential common shares...      400,929        397,727        379,388 
                                                                     =======        =======        ======= 

Diluted earnings (loss) per common share:                                                                  
  Income (loss) from continuing operations                                                                 
      before extraordinary item................................      $  1.02       $    .76        $  (.12)
  Discontinued operations:                                                                                 
    Income from operations.....................................           --            .13            .29 
    Gain on sale...............................................           --           3.70             -- 
  Extraordinary item...........................................           --           (.05)            -- 
                                                                     -------        -------        ------- 
  Net income...................................................      $  1.02        $  4.54        $   .17 
                                                                     =======        =======        ======= 

Basic earnings (loss) per common share:                                                                    
Weighted average common shares outstanding (in thousands)......      390,495        385,141        379,388 
                                                                     =======        =======        ======= 

Basic earnings (loss) per common share:                                                                    
  Income (loss) from continuing operations                                                                 
      before extraordinary item................................      $  1.04        $   .78        $  (.12)
  Discontinued operations:                                                                                 
    Income from operations.....................................           --            .14            .29 
    Gain on sale...............................................           --           3.82             -- 
  Extraordinary item...........................................           --           (.05)            -- 
                                                                     -------        -------        ------- 
  Net income...................................................      $  1.04        $  4.69     $      .17 
                                                                     =======        =======        ======= 

The earnings per common share computation for 1996 excludes 4.8 million shares for                         
stock options/compensation plans and 5.0 million shares for convertible debentures                         
because their effect would have been antidilutive.