STMicroelectronics Reports 2024 Second Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	June 29,	March 30,	December 31,
In millions of U.S. dollars	2024	2024	2023
	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Current assets:
Cash and cash equivalents	3,092	3,133	3,222
Short-term deposits	975	1,226	1,226
Marketable securities	2,218	1,880	1,635
Trade accounts receivable, net	1,708	1,787	1,731
Inventories	2,810	2,685	2,698
Other current assets	1,066	1,183	1,295
Total current assets	11,869	11,894	11,807
Goodwill	296	298	303
Other intangible assets, net	353	366	367
Property, plant and equipment, net	10,869	10,866	10,554
Non-current deferred tax assets	575	585	592
Long-term investments	20	22	22
Other non-current assets	924	942	808
	13,037	13,079	12,646
Total assets	24,906	24,973	24,453

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	236	238	217
Trade accounts payable	1,577	1,642	1,856
Other payables and accrued liabilities	1,344	1,547	1,525
Dividends payable to stockholders	257	6	54
Accrued income tax	131	133	78
Total current liabilities	3,545	3,566	3,730
Long-term debt	2,850	2,875	2,710
Post-employment benefit obligations	375	372	372
Long-term deferred tax liabilities	37	49	54
Other long-term liabilities	951	912	735
	4,213	4,208	3,871
Total liabilities	7,758	7,774	7,601
Commitment and contingencies
Equity
Parent company stockholders' equity
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 903,230,622 shares outstanding as of June 29, 2024)	1,157	1,157	1,157
Additional Paid-in Capital	2,985	2,931	2,866
Retained earnings	12,813	12,982	12,470
Accumulated other comprehensive income	421	468	613
Treasury stock	(354)	(463)	(377)
Total parent company stockholders' equity	17,022	17,075	16,729
Noncontrolling interest	126	124	123
Total equity	17,148	17,199	16,852
Total liabilities and equity	24,906	24,973	24,453

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