STMicroelectronics Reports 2016 First Quarter Financial Results

STMicroelectronics
Supplemental Financial Information

Net Revenues By Market Channel(%) Q1 2016 Q4 2015 Q1 2015
Total OEM 67% 67% 70%
Distribution 33% 33% 30%

In the first quarter of 2016, ST realigned its product families into three product groups to better leverage the product synergies around its strategic focus on Smart Driving and Internet of Things applications: Automotive and Discrete Group (ADG); Analog and MEMS Group (AMG) and Microcontrollers and Digital ICs Group (MDG). MDG includes ST's set-top-box business which is currently undergoing a restructuring targeting annualized savings of $170 million upon completion. All prior-period amounts have been retrospectively aligned to the 2016 reporting segments.

Product Group Data

(Million US$)
Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2015 Q1 2016
Automotive and Discrete Group (ADG)            
 - Net Revenues 674 714 706 637 2,731 671
 - Operating Income (Loss) 36 46 68 44 194 39
Analog and MEMS Group (AMG)            
 - Net Revenues 445 445 411 370 1,671 369
 - Operating Income (Loss) 37 30 34 8 109 2
Microcontrollers and Digital ICs Group (MDG)            
 - Net Revenues 530 558 590 614 2,292 532
 - Operating Income (Loss) (28) (1) 22 36 29 (3)
Others (a)            
 - Net Revenues 56 43 57 47 203 41
 - Operating Income (Loss) (64) (63) (33) (63) (223) (71)
Total            
 - Net Revenues 1,705 1,760 1,764 1,668 6,897 1,613
 - Operating Income (Loss) (19) 12 91 25 109 (33)

(a) Net revenues of "Others" includes revenues from sales of Imaging Product Division, Subsystems, assembly services, and other revenue. Operating income (loss) of "Others" includes items such as unused capacity charges, impairment, restructuring charges and other related closure costs, phase out and start-up costs, and other unallocated expenses such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to product groups, as well as operating earnings of the Imaging Product Division, Subsystems and other products. "Others" includes $10 million, $30 million, and $19 million of unused capacity charges in the first quarter of 2016 and fourth and first quarters of 2015, respectively; and $28 million, $4 million, and $29 million of impairment, restructuring charges, and other related closure costs in the first quarter of 2016 and fourth and first quarters of 2015, respectively.

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