Tel: +1 602 485 2064
tait.sorensen@st.com
MEDIA RELATIONS:
Alexis Breton
Director, PR & Media Operations
STMicroelectronics
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
| STMicroelectronics N.V. | ||
| Consolidated Statements of Income | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Three Months Ended | ||
| (Unaudited) | (Unaudited) | |
| December 31, | December 31, | |
| 2017 | 2016 | |
| Net sales | 2,457 | 1,846 |
| Other revenues | 9 | 13 |
| NET REVENUES | 2,466 | 1,859 |
| Cost of sales | (1,464) | (1,161) |
| GROSS PROFIT | 1,002 | 698 |
| Selling, general and administrative | (265) | (230) |
| Research and development | (327) | (340) |
| Other income and expenses, net | 18 | 25 |
| Impairment, restructuring charges and other related closure costs | (20) | (24) |
| Total Operating Expenses | (594) | (569) |
| OPERATING INCOME | 408 | 129 |
| Interest expense, net | (6) | (5) |
| Income (loss) on equity-method investments | - | (1) |
| Loss on financial instruments, net | (11) | - |
| INCOME BEFORE INCOME TAXES | 391 | 123 |
| AND NONCONTROLLING INTEREST | ||
| Income tax expense | (81) | (9) |
| NET INCOME | 310 | 114 |
| Net income attributable to noncontrolling interest | (2) | (2) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 308 | 112 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.35 | 0.13 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.34 | 0.13 |
| NUMBER OF WEIGHTED AVERAGE | ||
| SHARES USED IN CALCULATING | ||
| DILUTED EARNINGS PER SHARE | 910.2 | 888.9 |
| STMicroelectronics N.V. | ||
| Consolidated Statements of Income | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Twelve Months Ended | ||
| (Unaudited) | (Audited) | |
| December 31, | December 31, | |
| 2017 | 2016 | |
| Net sales | 8,308 | 6,944 |
| Other revenues | 39 | 29 |
| NET REVENUES | 8,347 | 6,973 |
| Cost of sales | (5,079) | (4,518) |
| GROSS PROFIT | 3,268 | 2,455 |
| Selling, general and administrative | (983) | (911) |
| Research and development | (1,302) | (1,336) |
| Other income and expenses, net | 55 | 99 |
| Impairment, restructuring charges and other related closure costs | (45) | (93) |
| Total Operating Expenses | (2,275) | (2,241) |
| OPERATING INCOME | 993 | 214 |
| Interest expense, net | (22) | (20) |
| Income (loss) on equity-method investments | (2) | 7 |
| Loss on financial instruments, net | (16) | - |
| INCOME BEFORE INCOME TAXES | 953 | 201 |
| AND NONCONTROLLING INTEREST | ||
| Income tax expense | (143) | (31) |
| NET INCOME | 810 | 170 |
| Net income attributable to noncontrolling interest | (8) | (5) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 802 | 165 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.91 | 0.19 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.89 | 0.19 |
| NUMBER OF WEIGHTED AVERAGE | ||
| SHARES USED IN CALCULATING | ||
| DILUTED EARNINGS PER SHARE | 906.1 | 886.3 |
