STMicroelectronics Reports Q4 and FY 2019 Financial Results
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STMicroelectronics N.V. | | | |
CONSOLIDATED STATEMENTS OF INCOME | | | |
(in millions of U.S. dollars, except per share data ($)) | | | | | | | | |
Twelve months ended | | | December 31, | December 31, | | | 2019 | 2018 | | | (Unaudited) | (Audited) | | | | | | Net sales | 9,529 | 9,612 | | Other revenues | 27 | 52 | |
NET REVENUES |
9,556 |
9,664 | | Cost of sales | (5,860) | (5,803) | |
GROSS PROFIT |
3,696 |
3,861 | | Selling, general and administrative | (1,093) | (1,095) | | Research and development | (1,498) | (1,398) | | Other income and expenses, net | 103 | 53 | | Impairment, restructuring charges and other related closure costs | (5) | (21) | | Total operating expenses | (2,493) | (2,461) | |
OPERATING INCOME |
1,203 |
1,400 | | Interest income (expense), net | 1 | (7) | | Other components of pension benefit costs | (16) | (11) | | Income (loss) on equity-method investments | 1 | 8 | | Loss on financial instruments, net | - | (1) | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
1,189 |
1,389 | | Income tax expense | (156) | (96) | |
NET INCOME |
1,033 |
1,293 | | Net income attributable to noncontrolling interest | (1) | (6) | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
1,032 |
1,287 | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.15 |
1.43 | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.14 |
1.41 | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
903.6 |
911.0 | | | | |
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