STMicroelectronics Reports 2023 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
| | | | | | | September 30, | October 1, | | | | 2023 | 2022 | | | | (Unaudited) | (Unaudited) | | | | | | | | Net sales | 12,977 | 11,675 | | | Other revenues | 27 | 29 | | |
NET REVENUES |
13,004 |
11,704 | | | Cost of sales | (6,666) | (6,171) | | |
GROSS PROFIT |
6,338 |
5,533 | | | Selling, general and administrative | (1,215) | (1,076) | | | Research and development | (1,579) | (1,429) | | | Other income and expenses, net | 44 | 125 | | | Total operating expenses | (2,750) | (2,380) | | |
OPERATING INCOME |
3,588 |
3,153 | | | Interest income, net | 114 | 24 | | | Other components of pension benefit costs | (14) | (7) | | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
3,688 |
3,170 | | | Income tax expense | (547) | (454) | | |
NET INCOME |
3,141 |
2,716 | | | Net income attributable to noncontrolling interest | (6) | (3) | | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
3,135 |
2,713 | | | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
3.47 |
2.99 | | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
3.32 |
2.87 | | | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
944.7 |
946.9 | | | | | | |
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