STMicroelectronics Reports 2020 Second Quarter Financial Results
|
STMicroelectronics N.V. | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | |
|
(in millions of U.S. dollars, except per share data ($)) | | |
| | | |
| |
Six months ended |
| | June 27, | June 29, |
| | 2020 | 2019 |
| | (Unaudited) | (Unaudited) |
| | | |
| Net sales | 4,312 | 4,232 |
| Other revenues | 6 | 17 |
|
NET REVENUES |
4,318 |
4,249 |
| Cost of sales | (2,743) | (2,601) |
|
GROSS PROFIT |
1,575 |
1,648 |
| Selling, general and administrative | (529) | (540) |
| Research and development | (748) | (749) |
| Other income and expenses, net | 48 | 51 |
| Impairment, restructuring charges and other related closure costs | (9) | (2) |
| Total operating expenses | (1,238) | (1,240) |
|
OPERATING INCOME |
337 |
408 |
| Interest income (expense), net | (3) | 2 |
| Other components of pension benefit costs | (6) | (7) |
| Income (loss) on equity-method investments | - | 1 |
|
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
328 |
404 |
| Income tax expense | (47) | (65) |
|
NET INCOME |
281 |
339 |
| Net income attributable to noncontrolling interest | 1 | (1) |
|
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
282 |
338 |
| | | |
|
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.32 |
0.38 |
|
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.31 |
0.37 |
| | | |
|
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
913.9 |
902.3 |
| | | |
