STMicroelectronics Reports Q4 and FY 2020 Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	December 31,	September 26,	December 31,
In millions of U.S. dollars	2020	2020	2019
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	3,006	2,714	2,597
Restricted cash	-	-	10
Short-term deposits	581	679	4
Marketable securities	133	134	133
Trade accounts receivable, net	1,465	1,433	1,380
Inventories	1,841	1,931	1,691
Other current assets	584	504	442
Total current assets	7,610	7,395	6,257
Goodwill	330	321	162
Other intangible assets, net	445	422	299
Property, plant and equipment, net	4,596	4,312	4,007
Non-current deferred tax assets	739	726	695
Long-term investments	10	10	11
Other non-current assets	724	580	437
	6,844	6,371	5 ,611
Total assets	14,454	13,766	11,868

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	795	983	173
Trade accounts payable	1,166	1,091	950
Other payables and accrued liabilities	966	865	831
Dividends payable to stockholders	42	82	58
Accrued income tax	84	105	52
Total current liabilities	3,053	3,126	2,064
Long-term debt	1,826	1,882	1,899
Post-employment benefit obligations	506	464	445
Long-term deferred tax liabilities	75	80	19
Other long-term liabilities	488	470	330
	2,895	2,896	2,693
Total liabilities	5,948	6,022	4,757
Commitment and contingencies
Equity
Parent company stockholders' equity
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,239,420 shares issued, 905,415,002 shares outstanding)	1,157	1,157	1,157
Additional Paid-in Capital	3,062	3,057	2,992
Retained earnings	3,599	3,019	2,747
Accumulated other comprehensive income	723	576	475
Treasury stock	(93)	(133)	(328)
Total parent company stockholders' equity	8,448	7,676	7,043
Noncontrolling interest	58	68	68
Total equity	8,506	7,744	7,111
Total liabilities and equity	14,454	13,766	11,868

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