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.