STMicroelectronics Reports Q4 and FY 2020 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, | | | 2020 | 2019 | | | (Unaudited) | (Audited) | | | | | | Net sales | 10,181 | 9,529 | | Other revenues | 38 | 27 | |
NET REVENUES |
10,219 |
9,556 | | Cost of sales | (6,430) | (5,860) | |
GROSS PROFIT |
3,789 |
3,696 | | Selling, general and administrative | (1,109) | (1,093) | | Research and development | (1,548) | (1,498) | | Other income and expenses, net | 202 | 103 | | Impairment, restructuring charges and other related closure costs | (11) | (5) | | Total operating expenses | (2,466) | (2,493) | |
OPERATING INCOME |
1,323 |
1,203 | | Interest income (expense), net | (20) | 1 | | Other components of pension benefit costs | (12) | (16) | | Income (loss) on equity-method investments | 2 | 1 | | Loss on financial instruments, net | (26) | - | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
1,267 |
1,189 | | Income tax expense | (159) | (156) | |
NET INCOME |
1,108 |
1,033 | | Net income attributable to noncontrolling interest | (2) | (1) | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
1,106 |
1,032 | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.24 |
1.15 | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.20 |
1.14 | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
919.7 |
903.6 | | | | |
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