STMicroelectronics Reports 2020 Second Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	June 27,	March 28,	December 31,
In millions of U.S. dollars	2020	2020	2019
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	1,800	2,028	2,597
Restricted cash	-	10	10
Short-term deposits	687	537	4
Marketable securities	134	135	133
Trade accounts receivable, net	1,171	1,294	1,380
Inventories	1,963	1,772	1,691
Other current assets	448	500	442
Total current assets	6,203	6,276	6,257

Goodwill	197	175	162
Other intangible assets, net	312	298	299
Property, plant and equipment, net	4,194	4,022	4,007
Non-current deferred tax assets	710	694	695
Long-term investments	11	11	11
Other non-current assets	535	454	437
	5,959	5,654	5,611
Total assets	12,162	11,930	11,868

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	879	171	173
Trade accounts payable	1,079	960	950
Other payables and accrued liabilities	829	856	831
Dividends payable to stockholders	119	6	58
Accrued income tax	69	63	52
Total current liabilities	2,975	2,056	2,064

Long-term debt	1,172	1,871	1,899
Post-employment benefit obligations	447	436	445
Long-term deferred tax liabilities	38	36	19
Other long-term liabilities	339	321	330
	1,996	2,664	2,693
Total liabilities	4,971	4,720	4,757
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, 892,596,726 shares outstanding)	1,157	1,157	1,157
Capital surplus	3,061	3,029	2,992
Retained earnings	2,797	2,938	2,747
Accumulated other comprehensive income	481	410	475
Treasury stock	(372)	(390)	(328)
Total parent company stockholders' equity	7,124	7,144	7,043
Noncontrolling interest	67	66	68
Total equity	7,191	7,210	7,111
Total liabilities and equity	12,162	11,930	11,868

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