STMicroelectronics Reports 2019 Third Quarter Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | September 28, | June 29, | December 31, | |
In millions of U.S. dollars | 2019 | 2019 | 2018 | | | (Unaudited) | (Unaudited) | (Audited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 2,345 | 2,119 | 2,266 | | Restricted cash | 60 | 60 | - | | Marketable securities | 133 | 333 | 330 | | Trade accounts receivable, net | 1,388 | 1,162 | 1,277 | | Inventories | 1,785 | 1,890 | 1,562 | | Other current assets | 415 | 437 | 419 | |
Total current assets |
6,126 |
6,001 |
5,854 | | Goodwill | 161 | 163 | 121 | | Other intangible assets, net | 291 | 296 | 212 | | Property, plant and equipment, net | 3,897 | 3,930 | 3,495 | | Non-current deferred tax assets | 684 | 675 | 672 | | Long-term investments | 62 | 62 | 61 | | Other non-current assets | 401 | 390 | 452 | | |
5,496 |
5,516 |
5,013 | |
Total assets |
11,622 |
11,517 |
10,867 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 171 | 174 | 146 | | Trade accounts payable | 915 | 895 | 981 | | Other payables and accrued liabilities | 857 | 885 | 874 | | Dividends payable to stockholders | 112 | 166 | 60 | | Accrued income tax | 77 | 48 | 59 | |
Total current liabilities |
2,132 |
2,168 |
2,120 | | Long-term debt | 2,019 | 2,030 | 1,764 | | Post-employment benefit obligations | 386 | 389 | 385 | | Long-term deferred tax liabilities | 18 | 12 | 14 | | Other long-term liabilities | 315 | 338 | 160 | | |
2,738 |
2,769 |
2,323 | |
Total liabilities |
4,870 |
4,937 |
4,443 | | 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, 911,181,920 shares issued, 894,103,449 shares outstanding) | 1,157 | 1,157 | 1,157 | | Capital surplus | 2,950 | 2,915 | 2,843 | | Retained earnings | 2,355 | 2,065 | 1,991 | | Accumulated other comprehensive income | 422 | 525 | 509 | | Treasury stock | (266) | (216) | (141) | | Total parent company stockholders' equity | 6,618 | 6,446 | 6,359 | | Noncontrolling interest | 134 | 134 | 65 | |
Total equity |
6,752 |
6,580 |
6,424 | |
Total liabilities and equity |
11,622 |
11,517 |
10,867 | | | | | |
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