STMicroelectronics Reports 2021 Third Quarter Financial Results
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STMicroelectronics N.V. | | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | | |
|
(in millions of U.S. dollars, except per share data ($)) | | | |
| | | | |
| |
Nine months ended | |
| | October 2, | September 26, | |
| | 2021 | 2020 | |
| | (Unaudited) | (Unaudited) | |
| | | | |
| Net sales | 9,187 | 6,975 | |
| Other revenues | 18 | 9 | |
|
NET REVENUES |
9,205 |
6,984 | |
| Cost of sales | (5,488) | (4,449) | |
|
GROSS PROFIT |
3,717 |
2,535 | |
| Selling, general and administrative | (972) | (802) | |
| Research and development | (1,321) | (1,126) | |
| Other income and expenses, net | 109 | 71 | |
| Impairment, restructuring charges and other related closure costs | 1 | (12) | |
| Total operating expenses | (2,183) | (1,869) | |
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OPERATING INCOME |
1,534 |
666 | |
| Interest expense, net | (24) | (12) | |
| Other components of pension benefit costs | (8) | (8) | |
| Income (loss) on equity-method investments | - | 1 | |
| Loss on financial instruments, net | (43) | (26) | |
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INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
1,459 |
621 | |
| Income tax expense | (204) | (96) | |
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NET INCOME |
1,255 |
525 | |
| Net income attributable to noncontrolling interest | (4) | - | |
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NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1,251 |
525 | |
| | | | |
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EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.38 |
0.59 | |
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EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.35 |
0.57 | |
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NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
927.2 |
916.4 | |
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