STMicroelectronics Reports 2023 Second Quarter Financial Results
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STMicroelectronics N.V. | | | |
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CONSOLIDATED STATEMENTS OF INCOME | | | |
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(in millions of U.S. dollars, except per share data ($)) | | | |
| | | | |
| |
Six months ended | |
| | July 1, | July 2, | |
| | 2023 | 2022 | |
| | (Unaudited) | (Unaudited) | |
| | | | |
| Net sales | 8,561 | 7,370 | |
| Other revenues | 12 | 13 | |
|
NET REVENUES |
8,573 |
7,383 | |
| Cost of sales | (4,344) | (3,909) | |
|
GROSS PROFIT |
4,229 |
3,474 | |
| Selling, general and administrative | (808) | (723) | |
| Research and development | (1,060) | (966) | |
| Other income and expenses, net | (14) | 96 | |
| Total operating expenses | (1,882) | (1,593) | |
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OPERATING INCOME |
2,347 |
1,881 | |
| Interest income, net | 70 | 7 | |
| Other components of pension benefit costs | (9) | (5) | |
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INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
2,408 |
1,883 | |
| Income tax expense | (359) | (268) | |
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NET INCOME |
2,049 |
1,615 | |
| Net income attributable to noncontrolling interest | (4) | (1) | |
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NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2,045 |
1,614 | |
| | | | |
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EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.27 |
1.78 | |
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EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
2.16 |
1.70 | |
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NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
945.0 |
947.6 | |
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