STMicroelectronics Reports 2024 Third Quarter Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | September 28, | June 29, | December 31, | |
In millions of U.S. dollars | 2024 | 2024 | 2023 | | | (Unaudited) | (Unaudited) | (Audited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 3,077 | 3,092 | 3,222 | | Short-term deposits | 977 | 975 | 1,226 | | Marketable securities | 2,242 | 2,218 | 1,635 | | Trade accounts receivable, net | 1,730 | 1,708 | 1,731 | | Inventories | 2,875 | 2,810 | 2,698 | | Other current assets | 1,062 | 1,066 | 1,295 | |
Total current assets |
11,963 |
11,869 |
11,807 | | Goodwill | 303 | 296 | 303 | | Other intangible assets, net | 354 | 353 | 367 | | Property, plant and equipment, net | 11,258 | 10,869 | 10,554 | | Non-current deferred tax assets | 547 | 575 | 592 | | Long-term investments | 20 | 20 | 22 | | Other non-current assets | 1,071 | 924 | 808 | | |
13,553 |
13,037 |
12,646 | |
Total assets |
25,516 |
24,906 |
24,453 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 1,003 | 236 | 217 | | Trade accounts payable | 1,585 | 1,577 | 1,856 | | Other payables and accrued liabilities | 1,327 | 1,344 | 1,525 | | Dividends payable to stockholders | 177 | 257 | 54 | | Accrued income tax | 116 | 131 | 78 | |
Total current liabilities |
4,208 |
3,545 |
3,730 | | Long-term debt | 2,112 | 2,850 | 2,710 | | Post-employment benefit obligations | 397 | 375 | 372 | | Long-term deferred tax liabilities | 60 | 37 | 54 | | Other long-term liabilities | 935 | 951 | 735 | | |
3,504 |
4,213 |
3,871 | |
Total liabilities |
7,712 |
7,758 |
7,601 | | 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, 911,281,920 shares issued, 901,550,639 shares outstanding as of September 28, 2024) | 1,157 | 1,157 | 1,157 | | Additional Paid-in Capital | 3,032 | 2,985 | 2,866 | | Retained earnings | 13,118 | 12,813 | 12,470 | | Accumulated other comprehensive income | 657 | 421 | 613 | | Treasury stock | (400) | (354) | (377) | | Total parent company stockholders' equity | 17,564 | 17,022 | 16,729 | | Noncontrolling interest | 240 | 126 | 123 | |
Total equity |
17,804 |
17,148 |
16,852 | |
Total liabilities and equity |
25,516 |
24,906 |
24,453 | | | | | |
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