STMicroelectronics Reports Q4 and FY 2023 Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	December 31,	September 30,	December 31,
In millions of U.S. dollars	2023	2023	2022
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	3,222	3,011	3,258
Short-term deposits	1,226	506	581
Marketable securities	1,635	1,537	679
Trade accounts receivable, net	1,731	1,837	1,970
Inventories	2,698	2,870	2,583
Other current assets	1,295	1,230	734
Total current assets	11,807	10,991	9,805
Goodwill	303	294	297
Other intangible assets, net	367	353	405
Property, plant and equipment, net	10,554	9,672	8,201
Non-current deferred tax assets	592	510	602
Long-term investments	22	21	11
Other non-current assets	808	721	661
	12,646	11,571	10,177
Total assets	24,453	22,562	19,982

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	217	173	175
Trade accounts payable	1,856	1,555	2,122
Other payables and accrued liabilities	1,525	1,517	1,385
Dividends payable to stockholders	54	115	60
Accrued income tax	78	377	95
Total current liabilities	3,730	3,737	3,837
Long-term debt	2,710	2,418	2,542
Post-employment benefit obligations	372	338	331
Long-term deferred tax liabilities	54	55	60
Other long-term liabilities	735	507	454
	3,871	3,318	3,387
Total liabilities	7,601	7,055	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 nominal value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 902,771,081 shares outstanding as of December 31, 2023)	1,157	1,157	1,157
Additional Paid-in Capital	2,866	2,800	2,631
Retained earnings	12,470	11,395	8,713
Accumulated other comprehensive income	613	376	460
Treasury stock	(377)	(293)	(268)
Total parent company stockholders' equity	16,729	15,435	12,693
Noncontrolling interest	123	72	65
Total equity	16,852	15,507	12,758
Total liabilities and equity	24,453	22,562	19,982

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