STMicroelectronics Reports 2019 Second Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	June 29,	March 30,	December 31,
In millions of U.S. dollars	2019	2019	2018
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	2,119	2,307	2,266
Restricted cash	60	60	-
Marketable securities	333	331	330
Trade accounts receivable, net	1,162	1,102	1,277
Inventories	1,890	1,765	1,562
Other current assets	437	454	419
Total current assets	6,001	6,019	5,854
Goodwill	163	163	121
Other intangible assets, net	296	291	212
Property, plant and equipment, net	3,930	3,740	3,495
Non-current deferred tax assets	675	659	672
Long-term investments	62	62	61
Other non-current assets	390	455	452
	5,516	5,370	5,013
Total assets	11,517	11,389	10,867

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	174	173	146
Trade accounts payable	895	895	981
Other payables and accrued liabilities	885	950	874
Dividends payable to stockholders	166	6	60
Accrued income tax	48	44	59
Total current liabilities	2,168	2,068	2,120
Long-term debt	2,030	2,015	1,764
Post-employment benefit obligations	389	381	385
Long-term deferred tax liabilities	12	14	14
Other long-term liabilities	338	298	160
	2,769	2,708	2,323
Total liabilities	4,937	4,776	4,443
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, 911,174,420 shares issued, 896,021,163 shares outstanding)	1,157	1,157	1,157
Capital surplus	2,915	2,881	2,843
Retained earnings	2,065	2,169	1,991
Accumulated other comprehensive income	525	474	509
Treasury stock	(216)	(202)	(141)
Total parent company stockholders' equity	6,446	6,479	6,359
Noncontrolling interest	134	134	65
Total equity	6,580	6,613	6,424
Total liabilities and equity	11,517	11,389	10,867

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