STMicroelectronics Reports 2016 Fourth Quarter and Full Year

STMicroelectronics Reports 2016 Fourth Quarter and Full Year Financial Results

STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	December 31,		October 01,		December 31,
In millions of U.S. dollars	2016		2016		2015
	(Unaudited)		(Unaudited)		(Audited)
ASSETS
Current assets:
Cash and cash equivalents	1,629		1,675		1,771
Restricted cash	-		-		4
Marketable securities	335		342		335
Trade accounts receivable, net	939		1,009		820
Inventories	1,173		1,238		1,251
Deferred tax assets	95		83		91
Assets held for sale	-		1		1
Other current assets	311		377		407
Total current assets	4,482		4,725		4,680
Goodwill	116		119		76
Other intangible assets, net	195		199		166
Property, plant and equipment, net	2,287		2,289		2,321
Non-current deferred tax assets	437		465		436
Long-term investments	57		57		57
Other non-current assets	434		424		459
	3,526		3,553		3,515
Total assets	8,008		8,278		8,195

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	117		117		191
Trade accounts payable	620		674		525
Other payables and accrued liabilities	750		728		703
Dividends payable to stockholders	59		112		97
Deferred tax liabilities	-		-		2
Accrued income tax	42		45		42
Total current liabilities	1,588		1,676		1,560
Long-term debt	1,334		1,436		1,421
Post-employment benefit obligations	347		362		351
Long-term deferred tax liabilities	9		8		12
Other long-term liabilities	134		151		158
	1,824		1,957		1,942
Total liabilities	3,412		3,633		3,502
Commitment and contingencies
Equity
Parent company stockholders' equity
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 nominal value, 1,200,000,000 shares authorized, 911,030,420 shares issued, 883,410,506 shares outstanding)	1,157		1,157		1,157
Capital surplus	2,818		2,806		2,779
Retained earnings	431		320		525
Accumulated other comprehensive income	371		540		460
Treasury stock	(242	)	(243	)	(289	)
Total parent company stockholders' equity	4,535		4,580		4,632
Noncontrolling interest	61		65		61
Total equity	4,596		4,645		4,693
Total liabilities and equity	8,008		8,278		8,195

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