STMicroelectronics Reports 2023 Second Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	July 1,	April 1,	December 31,
In millions of U.S. dollars	2023	2023	2022
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	3,111	3,572	3,258
Short-term deposits	106	106	581
Marketable securities	1,346	841	679
Trade accounts receivable, net	1,984	2,013	1,970
Inventories	3,045	2,870	2,583
Other current assets	1,215	962	734
Total current assets	10,807	10,364	9,805
Goodwill	297	300	297
Other intangible assets, net	356	403	405
Property, plant and equipment, net	9,303	8,847	8,201
Non-current deferred tax assets	545	582	602
Long-term investments	21	11	11
Other non-current assets	572	697	661
	11,094	10,840	10,177
Total assets	21,901	21,204	19,982

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	176	176	175
Trade accounts payable	1,990	2,095	2,122
Other payables and accrued liabilities	1,454	1,544	1,385
Dividends payable to stockholders	173	6	60
Accrued income tax	248	193	95
Total current liabilities	4,041	4,014	3,837
Long-term debt	2,473	2,488	2,542
Post-employment benefit obligations	340	337	331
Long-term deferred tax liabilities	56	55	60
Other long-term liabilities	418	445	454
	3,287	3,325	3,387
Total liabilities	7,328	7,339	7,224
Commitment and contingencies
Equity
Parent company stockholders' equity
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 905,475,035 shares outstanding as of July 1, 2023)	1,157	1,157	1,157
Additional Paid-in Capital	2,743	2,693	2,631
Retained earnings	10,340	9,754	8,713
Accumulated other comprehensive income	505	546	460
Treasury stock	(241)	(352)	(268)
Total parent company stockholders' equity	14,504	13,798	12,693
Noncontrolling interest	69	67	65
Total equity	14,573	13,865	12,758
Total liabilities and equity	21,901	21,204	19,982

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