STMicroelectronics Reports 2018 First Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	March 31,	December 31,	April 01,
In millions of U.S. dollars	2018	2017	2017
	(Unaudited)	(Audited)	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	1,791	1,759	1,641
Short-term deposits	14	-	-
Marketable securities	429	431	335
Trade accounts receivable, net	1,042	1,149	946
Inventories	1,435	1,335	1,201
Other current assets	449	425	351
Total current assets	5,160	5,099	4,474
Goodwill	125	123	117
Other intangible assets, net	205	209	188
Property, plant and equipment, net	3,371	3,094	2,489
Non-current deferred tax assets	632	624	534
Long-term investments	58	57	57
Other non-current assets	517	475	467
	4,908	4,582	3,852
Total assets	10,068	9,681	8,326

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	119	118	117
Trade accounts payable	979	893	757
Other payables and accrued liabilities	940	897	777
Dividends payable to stockholders	6	60	6
Accrued income tax	41	52	47
Total current liabilities	2,085	2,020	1,704
Long-term debt	1,593	1,583	1,341
Post-employment benefit obligations	393	385	354
Long-term deferred tax liabilities	12	11	5
Other long-term liabilities	216	215	150
	2,214	2,194	1,850
Total liabilities	4,299	4,214	3,554
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, 911,134,420 shares issued, 896,659,631 shares outstanding)	1,157	1,157	1,157
Capital surplus	2,743	2,718	2,828
Retained earnings	1,212	973	538
Accumulated other comprehensive income	724	688	428
Treasury stock	(132)	(132)	(241)
Total parent company stockholders' equity	5,704	5,404	4,710
Noncontrolling interest	65	63	62
Total equity	5,769	5,467	4,772
Total liabilities and equity	10,068	9,681	8,326

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