STMicroelectronics Reports 2022 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 1, | October 2, | | | | 2022 | 2021 | | | | (Unaudited) | (Unaudited) | | | | | | | | Net sales | 11,675 | 9,187 | | | Other revenues | 29 | 18 | | |
NET REVENUES |
11,704 |
9,205 | | | Cost of sales | (6,171) | (5,488) | | |
GROSS PROFIT |
5,533 |
3,717 | | | Selling, general and administrative | (1,076) | (972) | | | Research and development | (1,429) | (1,321) | | | Other income and expenses, net | 125 | 109 | | | Impairment, restructuring charges and other related closure costs | - | 1 | | | Total operating expenses | (2,380) | (2,183) | | |
OPERATING INCOME |
3,153 |
1,534 | | | Interest income (expense), net | 24 | (24) | | | Other components of pension benefit costs | (7) | (8) | | | Loss on financial instruments, net | - | (43) | | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
3,170 |
1,459 | | | Income tax expense | (454) | (204) | | |
NET INCOME |
2,716 |
1,255 | | | Net income attributable to noncontrolling interest | (3) | (4) | | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2,713 |
1,251 | | | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.99 |
1.38 | | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.87 |
1.35 | | | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
946.9 |
927.2 | | | | | | |
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