STMicroelectronics Reports 2021 Second Quarter Financial Results
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STMicroelectronics N.V. | | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | | |
|
(in millions of U.S. dollars, except per share data ($)) | | | |
| | | | |
| |
Six months ended | |
| | July 3, | June 27, | |
| | 2021 | 2020 | |
| | (Unaudited) | (Unaudited) | |
| | | | |
| Net sales | 5,995 | 4,312 | |
| Other revenues | 13 | 6 | |
|
NET REVENUES |
6,008 |
4,318 | |
| Cost of sales | (3,621) | (2,743) | |
|
GROSS PROFIT |
2,387 |
1,575 | |
| Selling, general and administrative | (648) | (529) | |
| Research and development | (888) | (748) | |
| Other income and expenses, net | 76 | 48 | |
| Impairment, restructuring charges and other related closure costs | 2 | (9) | |
| Total operating expenses | (1,458) | (1,238) | |
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OPERATING INCOME |
929 |
337 | |
| Interest expense, net | (16) | (3) | |
| Other components of pension benefit costs | (5) | (6) | |
| Gain (loss) on financial instruments, net | 2 | - | |
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INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
910 |
328 | |
| Income tax expense | (131) | (47) | |
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NET INCOME |
779 |
281 | |
| Net (income) loss attributable to noncontrolling interest | (3) | 1 | |
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NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
776 |
282 | |
| | | | |
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EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.86 |
0.32 | |
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EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.84 |
0.31 | |
| | | | |
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NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
929.5 |
913.9 | |
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