| STMicroelectronics N.V. | ||
| CONSOLIDATED STATEMENTS OF INCOME | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Nine months ended | ||
| September 29, | September 30, | |
| 2018 | 2017 | |
| (Unaudited) | (Unaudited) | |
| Net sales | 6,978 | 5,851 |
| Other revenues | 38 | 29 |
| NET REVENUES | 7,016 | 5,880 |
| Cost of sales | (4,214) | (3,611) |
| GROSS PROFIT | 2,802 | 2,269 |
| Selling, general and administrative | (810) | (717) |
| Research and development | (1,054) | (970) |
| Other income and expenses, net | 38 | 37 |
| Impairment, restructuring charges and other related closure costs | (20) | (25) |
| Total operating expenses | (1,846) | (1,675) |
| OPERATING INCOME | 956 | 594 |
| Interest expense, net | (8) | (16) |
| Other components of pension benefit costs | (9) | (9) |
| Income (loss) on equity-method investments | 3 | (2) |
| Loss on financial instruments, net | - | (5) |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 942 | 562 |
| Income tax expense | (68) | (63) |
| NET INCOME | 874 | 499 |
| Net income attributable to noncontrolling interest | (5) | (5) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 869 | 494 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.97 | 0.56 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.95 | 0.55 |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 912.8 | 904.7 |
| STMicroelectronics N.V. | |||
| CONSOLIDATED BALANCE SHEETS | |||
| As at | September 29, | June 30, | December 31, |
| In millions of U.S. dollars | 2018 | 2018 | 2017 |
| (Unaudited) | (Unaudited) | (Audited) | |
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | 1,835 | 1,683 | 1,759 |
| Short-term deposits | 8 | 15 | - |
| Marketable securities | 328 | 429 | 431 |
| Trade accounts receivable, net | 1,309 | 1,106 | 1,149 |
| Inventories | 1,586 | 1,559 | 1,335 |
| Other current assets | 442 | 405 | 425 |
| Total current assets | 5,508 | 5,197 | 5,099 |
| Goodwill | 121 | 121 | 123 |
| Other intangible assets, net | 198 | 198 | 209 |
| Property, plant and equipment, net | 3,414 | 3,410 | 3,094 |
| Non-current deferred tax assets | 691 | 674 | 624 |
| Long-term investments | 60 | 58 | 57 |
| Other non-current assets | 421 | 391 | 475 |
| 4,905 | 4,852 | 4,582 | |
| Total assets | 10,413 | 10,049 | 9,681 |
| LIABILITIES AND EQUITY | |||
| Current liabilities: | |||
| Short-term debt | 117 | 118 | 118 |
| Trade accounts payable | 976 | 991 | 893 |
| Other payables and accrued liabilities | 909 | 887 | 897 |
| Dividends payable to stockholders | 114 | 168 | 60 |
| Accrued income tax | 53 | 40 | 52 |
| Total current liabilities | 2,169 | 2,204 | 2,020 |
| Long-term debt | 1,607 | 1,598 | 1,583 |
| Post-employment benefit obligations | 375 | 374 | 385 |
| Long-term deferred tax liabilities | 13 | 11 | 11 |
| Other long-term liabilities | 197 | 208 | 215 |
| 2,192 | 2,191 | 2,194 | |
| Total liabilities | 4,361 | 4,395 | 4,214 |
| 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, 911,151,920 shares issued, 902,581,049 shares outstanding) | 1,157 | 1,157 | 1,157 |
| Capital surplus | 2,798 | 2,766 | 2,718 |
| Retained earnings | 1,574 | 1,215 | 973 |
| Accumulated other comprehensive income | 534 | 538 | 688 |
| Treasury stock | (79) | (89) | (132) |
| Total parent company stockholders' equity | 5,984 | 5,587 | 5,404 |
| Noncontrolling interest | 68 | 67 | 63 |
| Total equity | 6,052 | 5,654 | 5,467 |
| Total liabilities and equity | 10,413 | 10,049 | 9,681 |
