STMicroelectronics Reports Q4 and FY 2019 Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	December 31,	September 28,	December 31,
In millions of U.S. dollars	2019	2019	2018
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	2,597	2,345	2,266
Restricted cash	10	60	-
Short-term deposits	4	-	-
Marketable securities	133	133	330
Trade accounts receivable, net	1,380	1,388	1,277
Inventories	1,691	1,785	1,562
Other current assets	442	415	419
Total current assets	6,257	6,126	5,854
Goodwill	162	161	121
Other intangible assets, net	299	291	212
Property, plant and equipment, net	4,007	3,897	3,495
Non-current deferred tax assets	695	684	672
Long-term investments	11	62	61
Other non-current assets	437	401	452
	5,611	5,496	5,013
Total assets	11,868	11,622	10,867

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	173	171	146
Trade accounts payable	950	915	981
Other payables and accrued liabilities	831	857	874
Dividends payable to stockholders	58	112	60
Accrued income tax	52	77	59
Total current liabilities	2,064	2,132	2,120
Long-term debt	1,899	2,019	1,764
Post-employment benefit obligations	445	386	385
Long-term deferred tax liabilities	19	18	14
Other long-term liabilities	330	315	160
	2,693	2,738	2,323
Total liabilities	4,757	4,870	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, 911,186,920 shares issued, 891,434,489 shares outstanding)	1,157	1,157	1,157
Capital surplus	2,992	2,950	2,843
Retained earnings	2,747	2,355	1,991
Accumulated other comprehensive income	475	422	509
Treasury stock	(328)	(266)	(141)
Total parent company stockholders' equity	7,043	6,618	6,359
Noncontrolling interest	68	134	65
Total equity	7,111	6,752	6,424
Total liabilities and equity	11,868	11,622	10,867

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