STMicroelectronics Reports 2019 Third Quarter Financial Results
|
STMicroelectronics N.V. | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | |
|
(in millions of U.S. dollars, except per share data ($)) | | |
| | | |
| |
Nine months ended |
| | September 28, | September 29, |
| | 2019 | 2018 |
| | (Unaudited) | (Unaudited) |
| | | |
| Net sales | 6,779 | 6,978 |
| Other revenues | 23 | 38 |
|
NET REVENUES |
6,802 |
7,016 |
| Cost of sales | (4,187) | (4,214) |
|
GROSS PROFIT |
2,615 |
2,802 |
| Selling, general and administrative | (808) | (810) |
| Research and development | (1,111) | (1,054) |
| Other income and expenses, net | 49 | 38 |
| Impairment, restructuring charges and other related closure costs | (2) | (20) |
| Total operating expenses | (1,872) | (1,846) |
|
OPERATING INCOME |
743 |
956 |
| Interest income (expense), net | 2 | (8) |
| Other components of pension benefit costs | (12) | (9) |
| Income (loss) on equity-method investments | 1 | 3 |
|
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
734 |
942 |
| Income tax expense | (93) | (68) |
|
NET INCOME |
641 |
874 |
| Net income attributable to noncontrolling interest | (1) | (5) |
|
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
640 |
869 |
| | | |
|
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.71 |
0.97 |
|
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.71 |
0.95 |
| | | |
|
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
901.6 |
912.8 |
