STMicroelectronics Reports 2019 Third Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	September 28,	June 29,	December 31,
In millions of U.S. dollars	2019	2019	2018
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	2,345	2,119	2,266
Restricted cash	60	60	-
Marketable securities	133	333	330
Trade accounts receivable, net	1,388	1,162	1,277
Inventories	1,785	1,890	1,562
Other current assets	415	437	419
Total current assets	6,126	6,001	5,854
Goodwill	161	163	121
Other intangible assets, net	291	296	212
Property, plant and equipment, net	3,897	3,930	3,495
Non-current deferred tax assets	684	675	672
Long-term investments	62	62	61
Other non-current assets	401	390	452
	5,496	5,516	5,013
Total assets	11,622	11,517	10,867

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	171	174	146
Trade accounts payable	915	895	981
Other payables and accrued liabilities	857	885	874
Dividends payable to stockholders	112	166	60
Accrued income tax	77	48	59
Total current liabilities	2,132	2,168	2,120
Long-term debt	2,019	2,030	1,764
Post-employment benefit obligations	386	389	385
Long-term deferred tax liabilities	18	12	14
Other long-term liabilities	315	338	160
	2,738	2,769	2,323
Total liabilities	4,870	4,937	4,443
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, 911,181,920 shares issued, 894,103,449 shares outstanding)	1,157	1,157	1,157
Capital surplus	2,950	2,915	2,843
Retained earnings	2,355	2,065	1,991
Accumulated other comprehensive income	422	525	509
Treasury stock	(266)	(216)	(141)
Total parent company stockholders' equity	6,618	6,446	6,359
Noncontrolling interest	134	134	65
Total equity	6,752	6,580	6,424
Total liabilities and equity	11,622	11,517	10,867

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