STMicroelectronics Reports 2020 Third Quarter Financial Results
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STMicroelectronics N.V. | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | |
|
(in millions of U.S. dollars, except per share data ($)) | | |
| | | |
| |
Nine months ended |
| | September 26, | September 28, |
| | 2020 | 2019 |
| | (Unaudited) | (Unaudited) |
| | | |
| Net sales | 6,975 | 6,779 |
| Other revenues | 9 | 23 |
|
NET REVENUES |
6,984 |
6,802 |
| Cost of sales | (4,449) | (4,187) |
|
GROSS PROFIT |
2,535 |
2,615 |
| Selling, general and administrative | (802) | (808) |
| Research and development | (1,126) | (1,111) |
| Other income and expenses, net | 71 | 49 |
| Impairment, restructuring charges and other related closure costs | (12) | (2) |
| Total operating expenses | (1,869) | (1,872) |
|
OPERATING INCOME |
666 |
743 |
| Interest income (expense), net | (12) | 2 |
| Other components of pension benefit costs | (8) | (12) |
| Income (loss) on equity-method investments | 1 | 1 |
| Loss on financial instruments, net | (26) | - |
|
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
621 |
734 |
| Income tax expense | (96) | (93) |
|
NET INCOME |
525 |
641 |
| Net income attributable to noncontrolling interest | - | (1) |
|
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
525 |
640 |
| | | |
|
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.59 |
0.71 |
|
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.57 |
0.71 |
| | | |
|
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
916.4 |
901.6 |
| | | |
