STMicroelectronics Reports 2020 First Quarter Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | March 28, | December 31, | March 30, | |
In millions of U.S. dollars | 2020 | 2019 | 2019 | | | (Unaudited) | (Audited) | (Unaudited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 2,028 | 2,597 | 2,307 | | Restricted cash | 10 | 10 | 60 | | Short-term deposits | 537 | 4 | - | | Marketable securities | 135 | 133 | 331 | | Trade accounts receivable, net | 1,294 | 1,380 | 1,102 | | Inventories | 1,772 | 1,691 | 1,765 | | Other current assets | 500 | 442 | 454 | |
Total current assets |
6,276 |
6,257 |
6,019 | | Goodwill | 175 | 162 | 163 | | Other intangible assets, net | 298 | 299 | 291 | | Property, plant and equipment, net | 4,022 | 4,007 | 3,740 | | Non-current deferred tax assets | 694 | 695 | 659 | | Long-term investments | 11 | 11 | 62 | | Other non-current assets | 454 | 437 | 455 | | |
5,654 |
5,611 |
5,370 | |
Total assets |
11,930 |
11,868 |
11,389 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 171 | 173 | 173 | | Trade accounts payable | 960 | 950 | 895 | | Other payables and accrued liabilities | 856 | 831 | 950 | | Dividends payable to stockholders | 6 | 58 | 6 | | Accrued income tax | 63 | 52 | 44 | |
Total current liabilities |
2,056 |
2,064 |
2,068 | | Long-term debt | 1,871 | 1,899 | 2,015 | | Post-employment benefit obligations | 436 | 445 | 381 | | Long-term deferred tax liabilities | 36 | 19 | 14 | | Other long-term liabilities | 321 | 330 | 298 | | |
2,664 |
2,693 |
2,708 | |
Total liabilities |
4,720 |
4,757 |
4,776 | | 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, 911,204,420 shares issued, 889,271,991 shares outstanding) | 1,157 | 1,157 | 1,157 | | Capital surplus | 3,029 | 2,992 | 2,881 | | Retained earnings | 2,938 | 2,747 | 2,169 | | Accumulated other comprehensive income | 410 | 475 | 474 | | Treasury stock | (390) | (328) | (202) | | Total parent company stockholders' equity | 7,144 | 7,043 | 6,479 | | Noncontrolling interest | 66 | 68 | 134 | |
Total equity |
7,210 |
7,111 |
6,613 | |
Total liabilities and equity |
11,930 |
11,868 |
11,389 | | | | | |
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