STMicroelectronics Reports 2019 Second Quarter Financial Results
|
STMicroelectronics N.V. | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | |
|
(in millions of U.S. dollars, except per share data ($)) | | |
| | | |
| |
Six months ended |
| | June 29, | June 30, |
| | 2019 | 2018 |
| | (Unaudited) | (Unaudited) |
| | | |
| Net sales | 4,232 | 4,463 |
| Other revenues | 17 | 31 |
|
NET REVENUES |
4,249 |
4,494 |
| Cost of sales | (2,601) | (2,695) |
|
GROSS PROFIT |
1,648 |
1,799 |
| Selling, general and administrative | (540) | (542) |
| Research and development | (749) | (705) |
| Other income and expenses, net | 51 | 26 |
| Impairment, restructuring charges and other related closure costs | (2) | (20) |
| Total operating expenses | (1,240) | (1,241) |
|
OPERATING INCOME |
408 |
558 |
| Interest income (expense), net | 2 | (5) |
| Other components of pension benefit costs | (7) | (5) |
| Income (loss) on equity-method investments | 1 | - |
|
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
404 |
548 |
| Income tax expense | (65) | (44) |
|
NET INCOME |
339 |
504 |
| Net income attributable to noncontrolling interest | (1) | (4) |
|
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
338 |
500 |
| | | |
|
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.38 |
0.56 |
|
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.37 |
0.55 |
| | | |
|
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
902.3 |
915.1 |
