-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C8RlkoAIQUT/zdyFjLbwMg+uXda5GNeOagYgQhdAMtWNJ+KRRrH3F0SofzdY6FBa hQUhDyqMD9dnoBp6IVLcpA== 0000070530-05-000078.txt : 20050817 0000070530-05-000078.hdr.sgml : 20050817 20050817141751 ACCESSION NUMBER: 0000070530-05-000078 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050526 FILED AS OF DATE: 20050817 DATE AS OF CHANGE: 20050817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000070530 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 952095071 STATE OF INCORPORATION: DE FISCAL YEAR END: 0528 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06453 FILM NUMBER: 051033051 BUSINESS ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR STREET 2: PO BOX 58090 CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 BUSINESS PHONE: 4087215000 MAIL ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 10-K/A 1 f10ka_081705.txt FORM 10-K/A FOR THE YEAR ENDED MAY 29, 2005. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 29, 2005 OR __ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-6453 NATIONAL SEMICONDUCTOR CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 95-2095071 -------- ---------- (State of incorporation) (I.R.S. Employer Identification Number) 2900 SEMICONDUCTOR DRIVE, P.O. BOX 58090 SANTA CLARA, CALIFORNIA 95052-8090 ---------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (408) 721-5000 Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange on Title of Each Class Which Registered - ------------------- ---------------- Common stock, par value New York Stock Exchange $0.50 per share Pacific Exchange Preferred Stock Purchase Rights New York Stock Exchange Pacific Exchange Securities registered pursuant to Section 12(g) of the Act: None (Title of class) 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 . Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ] Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes X . No . The aggregate market value of voting stock held by non-affiliates of National as of November 26, 2004, was approximately $4,971,570,964 based on the last reported sale price on that date. Shares of common stock held by each officer and director and by each person who owns 5 percent or more of the outstanding common stock have been excluded because these persons may be considered to be affiliates. This determination of affiliate status for purposes of this calculation is not necessarily a conclusive determination for other purposes. The number of shares outstanding of the registrant's common stock, $0.50 par value, as of July 22, 2005, was 345,741,784 shares. DOCUMENTS INCORPORATED BY REFERENCE Document Location in Form 10-K -------- --------------------- Portions of the Proxy Statement for the Annual Meeting of Part III Stockholders to be held on or about September 30, 2005. NATIONAL SEMICONDUCTOR CORPORATION TABLE OF CONTENTS Page No ------- PART II Item 6. Selected Financial Data 4 PART IV Signatures 6 ITEM 6. SELECTED FINANCIAL DATA EXPLANATORY NOTE This amendment on Form 10-K/A has been filed to correct a typographical error that disclosed the balance of total debt for the year ended May 30, 2004 in the Five-Year Selected Financial Data table to be zero. The correct balance is $22.1 million which was correctly disclosed in the consolidated balance sheet at May 30, 2004 included under Item 8, Financial Statements and Supplementary Data. The company's consolidated financial statements included under Item 8 have not been affected by this amendment. The following selected financial information has been derived from audited consolidated financial statements. The information set forth below is not necessarily indicative of results of future operations and should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 and the consolidated financial statements and related notes thereto in Item 8.
FIVE-YEAR SELECTED FINANCIAL DATA Years Ended In Millions, Except Per Share Amounts and May 29, May 30, May 25, May 26, May 27, Employee Figures 2005 2004 2003 2002 2001 ----------- ----------- ------------ ------------- ----------- OPERATING RESULTS Net sales $1,913.1 $1,983.1 $1,672.5 $1,494.8 $2,112.6 Operating costs and expenses 1,513.6 1,652.9 1,690.9 1,641.7 1,881.5 ----------- ----------- ------------ ------------- ----------- Operating income (loss) 399.5 330.2 (18.4) (146.9) 231.1 Interest income, net 15.9 10.4 14.8 22.0 52.5 Other non-operating (expense) income, net (5.5) (6.9) (19.7) 1.5 23.5 ----------- ----------- ------------ ------------- ----------- Income (loss) before income taxes and cumulative effect of a change in accounting principle 409.9 333.7 (23.3) (123.4) 307.1 Income tax (benefit) expense (5.4) 49.0 10.0 (1.5) 61.4 ----------- ----------- ------------ ------------- ----------- Income (loss) before cumulative effect of a change in accounting principle $ 415.3 $ 284.7 $ (33.3) $ (121.9) $ 245.7 =========== =========== ============ ============= =========== Net income (loss) $ 415.3 $ 282.8 $ (33.3) $ (121.9) $ 245.7 =========== =========== ============ ============= =========== Earnings (loss) per share: Income (loss) before cumulative effect of a change in accounting principle: Basic $ 1.17 $ 0.79 $(0.09) $(0.34) $ 0.70 =========== =========== ============ ============= =========== Diluted $ 1.11 $ 0.73 $(0.09) $(0.34) $ 0.65 =========== =========== ============ ============= =========== Net income (loss): Basic $ 1.17 $ 0.78 $(0.09) $(0.34) $ 0.70 =========== =========== ============ ============= =========== Diluted $ 1.11 $ 0.73 $(0.09) $(0.34) $ 0.65 =========== =========== ============ ============= =========== Weighted-average common and potential common shares outstanding: Basic 353.9 361.0 363.6 355.0 351.8 =========== =========== ============ ============= =========== Diluted 373.9 388.5 363.6 355.0 376.8 =========== =========== ============ ============= =========== FINANCIAL POSITION AT YEAR-END Working capital $1,228.5 $ 784.5 $ 872.0 $ 804.3 $ 803.2 Total assets $2,504.2 $2,280.4 $2,248.4 $2,290.7 $2,362.6 Long-term debt $ 23.0 $ - $ 19.9 $ 20.4 $ 26.2 Total debt $ 23.0 $ 22.1 $ 22.2 $ 25.9 $ 55.6 Shareholders' equity $2,054.1 $1,680.5 $1,706.0 $1,781.1 $1,767.9 - -------------------------------------------------------------- ----------- ----------- ------------ ------------ ----------- OTHER DATA Research and development $ 333.0 $ 357.1 $ 439.2 $ 441.9 $ 435.6 Capital additions $ 96.6 $ 215.3 $ 154.9 $ 138.0 $ 239.5 Number of employees (in thousands) 8.5 9.7 9.8 10.1 10.3 - -------------------------------------------------------------- ----------- ----------- ------------ ------------ -----------
During fiscal 2005, we paid cash dividends of $14.1 million on our common stock. We did not pay cash dividends on our common stock in any of the previous years presented above. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NATIONAL SEMICONDUCTOR CORPORATION Date: August 17, 2005 /S/ BRIAN L. HALLA* -------------------- Brian L. Halla Chairman of the Board and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities stated and on the 17th day of August 2005. Signature Title /S/ BRIAN L. HALLA* Chairman of the Board --------------- and Chief Executive Officer Brian L. Halla (Principal Executive Officer) /S/ LEWIS CHEW* Senior Vice President, Finance ----------- and Chief Financial Officer Lewis Chew (Principal Financial Officer) /S/ JAMIE E. SAMATH * Corporate Controller ----------------- (Principal Accounting Officer) Jamie E. Samath /S/ STEVEN R. APPLETON * Director -------------------- Steven R. Appleton /S/ GARY P. ARNOLD * Director ---------------- Gary P. Arnold /S/ RICHARD J. DANZIG * Director ------------------- Richard J. Danzig /S/ ROBERT J. FRANKENBERG * Director ----------------------- Robert J. Frankenberg /S/ E. FLOYD KVAMME* Director ---------------- E. Floyd Kvamme /S/ MODESTO A. MAIDIQUE * Director --------------------- Modesto A. Maidique /S/ EDWARD R. McCRACKEN * Director --------------------- Edward R. McCracken *By \s\ LEWIS CHEW ---------------------------- Lewis Chew, Attorney-in-Fact -----END PRIVACY-ENHANCED MESSAGE-----