STMicroelectronics Reports 2022 Second Quarter Financial Results
|
STMicroelectronics N.V. | | | |
|
CONSOLIDATED STATEMENTS OF INCOME | | | |
|
(in millions of U.S. dollars, except per share data ($)) | | | |
| | | | |
| |
Six months ended | |
| | July 2, | July 3, | |
| | 2022 | 2021 | |
| | (Unaudited) | (Unaudited) | |
| | | | |
| Net sales | 7,370 | 5,995 | |
| Other revenues | 13 | 13 | |
|
NET REVENUES |
7,383 |
6,008 | |
| Cost of sales | (3,909) | (3,621) | |
|
GROSS PROFIT |
3,474 |
2,387 | |
| Selling, general and administrative | (723) | (648) | |
| Research and development | (966) | (888) | |
| Other income and expenses, net | 96 | 76 | |
| Impairment, restructuring charges and other related closure costs | - | 2 | |
| Total operating expenses | (1,593) | (1,458) | |
|
OPERATING INCOME |
1,881 |
929 | |
| Interest income (expense), net | 7 | (16) | |
| Other components of pension benefit costs | (5) | (5) | |
| Gain on financial instruments, net | - | 2 | |
|
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
1,883 |
910 | |
| Income tax expense | (268) | (131) | |
|
NET INCOME |
1,615 |
779 | |
| Net income attributable to noncontrolling interest | (1) | (3) | |
|
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1,614 |
776 | |
| | | | |
|
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.78 |
0.86 | |
|
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
1.70 |
0.84 | |
| | | | |
|
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
947.6 |
929.5 | |
| | | | |
