About STMicroelectronics
At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41 22 929 58 12
celine.berthier@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Three months ended | |||
| July 3, | June 27, | ||
| 2021 | 2020 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 2,985 | 2,084 | |
| Other revenues | 7 | 3 | |
| NET REVENUES | 2,992 | 2,087 | |
| Cost of sales | (1,780) | (1,357) | |
| GROSS PROFIT | 1,212 | 730 | |
| Selling, general and administrative | (323) | (259) | |
| Research and development | (444) | (373) | |
| Other income and expenses, net | 42 | 12 | |
| Impairment, restructuring charges and other related closure costs | 2 | (4) | |
| Total operating expenses | (723) | (624) | |
| OPERATING INCOME | 489 | 106 | |
| Interest expense, net | (8) | (4) | |
| Other components of pension benefit costs | (3) | (3) | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 478 | 99 | |
| Income tax expense | (65) | (8) | |
| NET INCOME | 413 | 91 | |
| Net income attributable to noncontrolling interest | (1) | (1) | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 412 | 90 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.46 | 0.10 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.44 | 0.10 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 927.4 | 911.1 | |
