STMicroelectronics Reports 2020 First Quarter Financial Results

STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	March 28,	December 31,	March 30,
In millions of U.S. dollars	2020	2019	2019
	(Unaudited)	(Audited)	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,028	2,597	2,307
Restricted cash	10	10	60
Short-term deposits	537	4	-
Marketable securities	135	133	331
Trade accounts receivable, net	1,294	1,380	1,102
Inventories	1,772	1,691	1,765
Other current assets	500	442	454
Total current assets	6,276	6,257	6,019
Goodwill	175	162	163
Other intangible assets, net	298	299	291
Property, plant and equipment, net	4,022	4,007	3,740
Non-current deferred tax assets	694	695	659
Long-term investments	11	11	62
Other non-current assets	454	437	455
	5,654	5,611	5,370
Total assets	11,930	11,868	11,389

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	171	173	173
Trade accounts payable	960	950	895
Other payables and accrued liabilities	856	831	950
Dividends payable to stockholders	6	58	6
Accrued income tax	63	52	44
Total current liabilities	2,056	2,064	2,068
Long-term debt	1,871	1,899	2,015
Post-employment benefit obligations	436	445	381
Long-term deferred tax liabilities	36	19	14
Other long-term liabilities	321	330	298
	2,664	2,693	2,708
Total liabilities	4,720	4,757	4,776
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, 911,204,420 shares issued, 889,271,991 shares outstanding)	1,157	1,157	1,157
Capital surplus	3,029	2,992	2,881
Retained earnings	2,938	2,747	2,169
Accumulated other comprehensive income	410	475	474
Treasury stock	(390)	(328)	(202)
Total parent company stockholders' equity	7,144	7,043	6,479
Noncontrolling interest	66	68	134
Total equity	7,210	7,111	6,613
Total liabilities and equity	11,930	11,868	11,389

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