SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 10-Q/A
AMENDMENT NO. 1 TO
QUARTERLY REPORT UNDER SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended March 31, 1996 Commission File Number 1-3761
TEXAS INSTRUMENTS INCORPORATED
------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 75-0289970
- ------------------------ ------------------------------------
(State of Incorporation) (I.R.S. Employer Identification No.)
13500 North Central Expressway, P.O. Box 655474, Dallas, Texas 75265-5474
-----------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 214-995-3773
---------------------------------------------------------------
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
---- ----
189,485,635
- -----------------------------------------------------------------------------
Number of shares of Registrant's common stock outstanding
as of March 31, 1996
Exhibit 12 to the Registrant's quarterly report on Form 10-Q for the period
ended March 31, 1996 is hereby amended and restated in its entirety to correct
the filing made on April 19, 1996 and will be effective for all purposes as of
that date.
SIGNATURE
Pursuant to the requirements of Rule 12b-15 of the Securities Exchange Act
of 1934, the Registrant has duly caused this amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.
TEXAS INSTRUMENTS INCORPORATED
BY: /s/ WILLIAM A. AYLESWORTH
-------------------------
William A. Aylesworth
Senior Vice President,
Treasurer and
Chief Financial Officer
Date: July 18, 1996
2
<TABLE>
<CAPTION>
Exhibit Index
Designation of Paper (P)
Exhibits in or
this Report Description of Exhibit Electronic (E)
- ---------------- ----------------------- --------------
<S> <C> <C>
12 Computation of Ratio of E
Earnings to Fixed Charges and
Ratio of Earnings to Combined
Fixed Charges and Preferred
Stock Dividends.
</TABLE>
<TABLE>
<CAPTION>
EXHIBIT 12
----------
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Dollars in millions)
For Three Months
Ended Mar 31
----------------
1991 1992 1993 1994 1995 1995 1996
----- ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C>
Income (loss) before income taxes
and fixed charges:
Income (loss) before cumulative
effect of accounting changes,
interest expense on loans,
capitalized interest amortized,
and provision for income taxes.......$ (250) $ 433 $ 755 $1,098 $1,679 $ 364 $ 255
Add interest attributable to
rental and lease expense............. 43 42 38 40 41 10 9
----- ----- ----- ----- ----- ----- -----
$ (207) $ 475 $ 793 $1,138 $1,720 $ 374 $ 264
===== ===== ===== ===== ===== ===== =====
Fixed charges:
Total interest on loans (expensed
and capitalized).......................$ 59 $ 57 $ 55 $ 58 $ 69 $ 17 $ 19
Interest attributable to rental
and lease expense...................... 43 42 38 40 41 10 9
----- ----- ----- ----- ----- ----- -----
Fixed charges..............................$ 102 $ 99 $ 93 $ 98 $ 110 $ 27 $ 28
===== ===== ===== ===== ===== ===== =====
Combined fixed charges and
preferred stock dividends:
Fixed charges..........................$ 102 $ 99 $ 93 $ 98 $ 110 $ 27 $ 28
Preferred stock dividends
(adjusted as appropriate to a
pretax equivalent basis)............. 34 55 29 -- -- -- --
----- ----- ----- ----- ----- ----- -----
Combined fixed charges and
preferred stock dividends............$ 136 $ 154 $ 122 $ 98 $ 110 $ 27 $ 28
===== ===== ===== ===== ===== ===== =====
Ratio of earnings to fixed charges......... * 4.8 8.5 11.6 15.6 13.9 9.4
===== ===== ===== ===== ===== ===== =====
Ratio of earnings to combined
fixed charges and preferred
stock dividends.......................... ** 3.1 6.5 11.6 15.6 13.9 9.4
===== ===== ===== ===== ===== ===== =====
* Not meaningful. The coverage deficiency was $309 million in 1991.
** Not meaningful. The coverage deficiency was $343 million in 1991.
</TABLE>
