STMicroelectronics Reports 2021 First Quarter Financial Results
| | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | April 3, | December 31, | March 28, | |
In millions of U.S. dollars | 2021 | 2020 | 2020 | | | (Unaudited) | (Audited) | (Unaudited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 3,454 | 3,006 | 2,028 | | Restricted cash | - | - | 10 | | Short-term deposits | 573 | 581 | 537 | | Marketable securities | 132 | 133 | 135 | | Trade accounts receivable, net | 1,418 | 1,465 | 1,294 | | Inventories | 1,843 | 1,841 | 1,772 | | Other current assets | 550 | 584 | 500 | |
Total current assets |
7,970 |
7,610 |
6,276 | | Goodwill | 320 | 330 | 175 | | Other intangible assets, net | 434 | 445 | 298 | | Property, plant and equipment, net | 4,743 | 4,596 | 4,022 | | Non-current deferred tax assets | 717 | 739 | 694 | | Long-term investments | 10 | 10 | 11 | | Other non-current assets | 784 | 724 | 454 | | |
7,008 |
6,844 |
5,654 | |
Total assets |
14,978 |
14,454 |
11,930 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 837 | 795 | 171 | | Trade accounts payable | 1,281 | 1,166 | 960 | | Other payables and accrued liabilities | 1,003 | 966 | 856 | | Dividends payable to stockholders | 4 | 42 | 6 | | Accrued income tax | 75 | 84 | 63 | |
Total current liabilities |
3,200 |
3,053 |
2,056 | | Long-term debt | 2,137 | 1,826 | 1,871 | | Post-employment benefit obligations | 490 | 506 | 436 | | Long-term deferred tax liabilities | 74 | 75 | 36 | | Other long-term liabilities | 461 | 488 | 321 | | |
3,162 |
2,895 |
2,664 | |
Total liabilities |
6,362 |
5,948 |
4,720 | | 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, 911,256,920 shares issued, 901,446,386 shares outstanding) | 1,157 | 1,157 | 1,157 | | Additional Paid-in Capital | 3,127 | 3,062 | 3,029 | | Retained earnings | 3,963 | 3,599 | 2,938 | | Accumulated other comprehensive income | 559 | 723 | 410 | | Treasury stock | (249) | (93) | (390) | | Total parent company stockholders' equity | 8,557 | 8,448 | 7,144 | | Noncontrolling interest | 59 | 58 | 66 | |
Total equity |
8,616 |
8,506 |
7,210 | |
Total liabilities and equity |
14,978 |
14,454 |
11,930 | | | | | |
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