EXHIBIT 11
TANDY CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Year Ended Six Months Ended
December 31, December 31, Year Ended June 30,
____________ ________________ ___________________
(In thousands, except per share amounts) 1993 1992 1992 1991
PRIMARY EARNINGS PER SHARE
Reconciliation of net income per statements of income to
amounts used in computation of primary earnings per share:
Net income, as reported $ 96,849 $ 3,806 $ 183,847 $ 195,444
Less dividends on preferred stock:
Series B, net of tax in 1992 (a) (7,136) (2,419) (4,911) (4,538)
Series C (32,100) (16,050) (12,573) --
__________ _________ __________ __________
Net income available to common stockholders 57,613 (14,663) 166,363 190,906
Plus dividends on Series C preferred stock 32,100 16,050 12,573 --
__________ _________ __________ __________
Net income for primary earnings per share $ 89,713 $ 1,387 $ 178,936 $ 190,906
__________ _________ __________ __________
__________ _________ __________ __________
Weighted average number of common shares outstanding 63,582 63,072 74,631 78,258
Weighted average number of $2.14 depositary shares,
representing Series C preferred stock, treated as
common stock due to mandatory conversion (b) 12,457 12,457 4,323 --
Weighted average number of common shares issuable
under stock option plans, net of assumed treasury stock
repurchases at average market prices 145 30 57 --
__________ _________ __________ __________
Weighted average number of common and common
equivalent shares outstanding 76,184 75,559 79,011 78,258
__________ _________ __________ __________
__________ _________ __________ __________
Net income per average common and common equivalent share $ 1.18 $ 0.02 $ 2.26 $ 2.44
__________ _________ __________ __________
__________ _________ __________ __________
FULLY DILUTED EARNINGS PER SHARE (c)
Reconciliation of net income per statements of income to
amounts used in computation of fully diluted earnings per share:
Net income available to common stockholders $ 57,613 $(14,663) $ 166,363 $ 190,906
Plus dividends on Series C preferred stock 32,100 16,050 12,573 --
Adjustments for assumed conversion of Series B preferred
stock to common stock as of the later of the beginning
of the period or the date of issuance, August 1, 1990:
Plus dividends on Series B preferred stock, net of tax (a) (d) (d) 4,911 4,538
Less additional contribution that would have been required for
the TESOP if Series B preferred stock had been converted (d) (d) (3,612) (3,232)
__________ _________ __________ __________
Net income, as adjusted $ 89,713 $ 1,387 $ 180,235 $ 192,212
__________ _________ __________ __________
__________ _________ __________ __________
Reconciliation of weighted average number of shares outstanding
to amount used in computation of fully diluted earnings per share:
Weighted average number of shares outstanding 76,184 75,559 79,011 78,258
Adjustment to reflect assumed exercise of stock
options as of the beginning of the period 223 35 35 67
Adjustment to reflect assumed conversion of Series B preferred
stock to common stock as of the later of the beginning of
the period or the date of issuance, August 1, 1990 (d) (d) 2,166 1,992
__________ _________ __________ __________
Weighted average number of common and common
equivalent shares outstanding, as adjusted 76,407 75,594 81,212 80,317
__________ _________ __________ __________
__________ _________ __________ __________
Fully diluted net income per average common
and common equivalent share $ 1.17 $ 0.02 $ 2.22 $ 2.39
__________ _________ __________ __________
__________ _________ __________ __________
(a) Series B dividends for the year ended December 31, 1993
are not net of income tax benefits associated with
unallocated shares in the TESOP in accordance with EITF
Issue No. 92-3.
(b) Effect of mandatory conversion of Series C preferred
stock for the six months ended December 31, 1992 and the
year ended June 30, 1992 have been restated to reflect
the common shares issuable at the closing market at
December 31, 1993 of $49.40.
(c) This calculation is submitted in accordance with
Regulation S-K, Item 601(b)(11) although not required by
footnote 2 to paragraph 14 of APB Opinion No. 15
because it results in dilution of less than 3%.
(d) For the year ended December 31, 1993 and the six months
ended December 31, 1992 these items are anti- dilutive
and thus are omitted from the calculation.
EXHIBIT 12
TANDY CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO
FIXED CHARGES AND RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS (1)
Year Ended Six Months Ended
December 31, December 31, Year Ended June 30,
____________ ________________ ___________________________________________
(In thousands, except per share amounts) 1993 1992 1992 1991 1990 1989
Ratios of Earnings to Fixed Charges:
Income from continuing operations $ 195,632 $ 67,681 $ 210,713 $ 219,935 $ 277,122 $ 303,822
Plus provision for income taxes 115,523 35,236 119,785 123,342 167,926 190,754
_________ _________ _________ _________ _________ _________
Income before income taxes 311,155 102,917 330,498 343,277 445,048 494,576
Fixed charges:
Interest expense and amortization
of debt discount 39,707 20,532 43,154 70,313 58,592 40,583
Amortization of issuance expense 409 591 563 400 325 479
Appropriate portion (33 1/3%) of rentals 67,467 35,109 68,224 63,980 59,123 56,586
_________ _________ _________ _________ _________ _________
Total fixed charges 107,583 56,232 111,941 134,693 118,040 97,648
_________ _________ _________ _________ _________ _________
Earnings before income taxes
and fixed charges $ 418,738 $ 159,149 $ 442,439 $ 477,970 $ 563,088 $ 592,224
_________ _________ _________ _________ _________ _________
_________ _________ _________ _________ _________ _________
Ratios of earnings to fixed charges 3.89 2.83 3.95 3.55 4.77 6.06
_________ _________ _________ _________ _________ _________
_________ _________ _________ _________ _________ _________
Ratios of Earnings to Fixed Charges
and Preferred Dividends:
Total fixed charges, as above 107,583 56,232 111,941 134,693 118,040 97,648
Preferred dividends 36,738 18,469 20,014 6 875 -- --
_________ _________ _________ _________ _________ _________
Total fixed charges and preferred dividends $ 144,321 $ 74,701 $ 131,955 $ 141,568 $ 118,040 $ 97,648
_________ _________ _________ _________ _________ _________
_________ _________ _________ _________ _________ _________
Earnings before income taxes, fixed charges
and preferred dividends $ 418,738 $ 159,149 $ 442,439 $ 477,970 $ 563,088 $ 592,224
_________ _________ _________ _________ _________ _________
_________ _________ _________ _________ _________ _________
Ratios of earnings to fixed charges
and preferred dividends 2.90 2.13 3.35 3.38 4.77 6.06
_________ _________ _________ _________ _________ _________
_________ _________ _________ _________ _________ _________
(1) The computation of Ratios of Earnings to Fixed Charges
and Ratios of Earnings to Fixed Charges and Preferred
Dividends excludes results of operations from
discontinued operations and fixed charges relating to
these same operations.