STMicroelectronics Reports Q4 and FY 2021 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, | | | | 2021 | 2020 | | | | (Unaudited) | (Audited) | | | | | | | | Net sales | 12,729 | 10,181 | | | Other revenues | 32 | 38 | | |
NET REVENUES |
12,761 |
10,219 | | | Cost of sales | (7,435) | (6,430) | | |
GROSS PROFIT |
5,326 |
3,789 | | | Selling, general and administrative | (1,323) | (1,109) | | | Research and development | (1,723) | (1,548) | | | Other income and expenses, net | 141 | 202 | | | Impairment, restructuring charges and other related closure costs | (2) | (11) | | | Total operating expenses | (2,907) | (2,466) | | |
OPERATING INCOME |
2,419 |
1,323 | | | Interest expense, net | (29) | (20) | | | Other components of pension benefit costs | (10) | (12) | | | Income (loss) on equity-method investments | - | 2 | | | Loss on financial instruments, net | (43) | (26) | | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
2,337 |
1,267 | | | Income tax expense | (331) | (159) | | |
NET INCOME |
2,006 |
1,108 | | | Net income attributable to noncontrolling interest | (6) | (2) | | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2,000 |
1,106 | | | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.21 |
1.24 | | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.16 |
1.20 | | | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
924.8 |
919.7 | | | | | | |
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