STMicroelectronics Reports 2021 First Quarter Financial Results


CONSOLIDATED BALANCE SHEETS
As at	April 3,	December 31,	March 28,
In millions of U.S. dollars	2021	2020	2020
	(Unaudited)	(Audited)	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	3,454	3,006	2,028
Restricted cash	-	-	10
Short-term deposits	573	581	537
Marketable securities	132	133	135
Trade accounts receivable, net	1,418	1,465	1,294
Inventories	1,843	1,841	1,772
Other current assets	550	584	500
Total current assets	7,970	7,610	6,276
Goodwill	320	330	175
Other intangible assets, net	434	445	298
Property, plant and equipment, net	4,743	4,596	4,022
Non-current deferred tax assets	717	739	694
Long-term investments	10	10	11
Other non-current assets	784	724	454
	7,008	6,844	5,654
Total assets	14,978	14,454	11,930

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	837	795	171
Trade accounts payable	1,281	1,166	960
Other payables and accrued liabilities	1,003	966	856
Dividends payable to stockholders	4	42	6
Accrued income tax	75	84	63
Total current liabilities	3,200	3,053	2,056
Long-term debt	2,137	1,826	1,871
Post-employment benefit obligations	490	506	436
Long-term deferred tax liabilities	74	75	36
Other long-term liabilities	461	488	321
	3,162	2,895	2,664
Total liabilities	6,362	5,948	4,720
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, 911,256,920 shares issued, 901,446,386 shares outstanding)	1,157	1,157	1,157
Additional Paid-in Capital	3,127	3,062	3,029
Retained earnings	3,963	3,599	2,938
Accumulated other comprehensive income	559	723	410
Treasury stock	(249)	(93)	(390)
Total parent company stockholders' equity	8,557	8,448	7,144
Noncontrolling interest	59	58	66
Total equity	8,616	8,506	7,210
Total liabilities and equity	14,978	14,454	11,930

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