STMicroelectronics Reports 2020 Third Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	September 26,	June 27,	December 31,
In millions of U.S. dollars	2020	2020	2019
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	2,714	1,800	2,597
Restricted cash	-	-	10
Short-term deposits	679	687	4
Marketable securities	134	134	133
Trade accounts receivable, net	1,433	1,171	1,380
Inventories	1,931	1,963	1,691
Other current assets	504	448	442
Total current assets	7,395	6,203	6,257
Goodwill	321	197	162
Other intangible assets, net	422	312	299
Property, plant and equipment, net	4,312	4,194	4,007
Non-current deferred tax assets	726	710	695
Long-term investments	10	11	11
Other non-current assets	580	535	437
	6,371	5,959	5,611
Total assets	13,766	12,162	11,868

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	983	879	173
Trade accounts payable	1,091	1,079	950
Other payables and accrued liabilities	865	829	831
Dividends payable to stockholders	82	119	58
Accrued income tax	105	69	52
Total current liabilities	3,126	2,975	2,064
Long-term debt	1,882	1,172	1,899
Post-employment benefit obligations	464	447	445
Long-term deferred tax liabilities	80	38	19
Other long-term liabilities	470	339	330
	2,896	1,996	2,693
Total liabilities	6,022	4,971	4,757
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, 911,239,420 shares issued, 903,184,398 shares outstanding)	1,157	1,157	1,157
Capital surplus	3,057	3,061	2,992
Retained earnings	3,019	2,797	2,747
Accumulated other comprehensive income	576	481	475
Treasury stock	(133)	(372)	(328)
Total parent company stockholders' equity	7,676	7,124	7,043
Noncontrolling interest	68	67	68
Total equity	7,744	7,191	7,111
Total liabilities and equity	13,766	12,162	11,868

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