STMicroelectronics Reports 2023 Third Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	September 30,	July 1,	December 31,
In millions of U.S. dollars	2023	2023	2022
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	3,011	3,111	3,258
Short-term deposits	506	106	581
Marketable securities	1,537	1,346	679
Trade accounts receivable, net	1,837	1,984	1,970
Inventories	2,870	3,045	2,583
Other current assets	1,230	1,215	734
Total current assets	10,991	10,807	9,805
Goodwill	294	297	297
Other intangible assets, net	353	356	405
Property, plant and equipment, net	9,672	9,303	8,201
Non-current deferred tax assets	510	545	602
Long-term investments	21	21	11
Other non-current assets	721	572	661
	11,571	11,094	10,177
Total assets	22,562	21,901	19,982

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	173	176	175
Trade accounts payable	1,555	1,990	2,122
Other payables and accrued liabilities	1,517	1,454	1,385
Dividends payable to stockholders	115	173	60
Accrued income tax	377	248	95
Total current liabilities	3,737	4,041	3,837
Long-term debt	2,418	2,473	2,542
Post-employment benefit obligations	338	340	331
Long-term deferred tax liabilities	55	56	60
Other long-term liabilities	507	418	454
	3,318	3,287	3,387
Total liabilities	7,055	7,328	7,224
Commitment and contingencies
Equity
Parent company stockholders' equity
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 nominal value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 904,706,324 shares outstanding as of September 30, 2023)	1,157	1,157	1,157
Additional Paid-in Capital	2,800	2,743	2,631
Retained earnings	11,395	10,340	8,713
Accumulated other comprehensive income	376	505	460
Treasury stock	(293)	(241)	(268)
Total parent company stockholders' equity	15,435	14,504	12,693
Noncontrolling interest	72	69	65
Total equity	15,507	14,573	12,758
Total liabilities and equity	22,562	21,901	19,982

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