Some of these risk factors are set forth and are discussed in more detail in "Item 3. Key Information - Risk Factors" included in our Annual Report on Form 20-F for the year ended December 31, 2015, as filed with the SEC on March 16, 2016. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.
STMicroelectronics Conference Call and Webcast Information
The management of STMicroelectronics will conduct a live webcast of its conference call on January 26, 2017 at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET) / 12:30 a.m. U.S. Pacific Time (PT), to discuss performance for the fourth quarter and full year of 2016.
The live webcast of the conference call will be available by accessing
http://investors.st.com. Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast will be available until February 10, 2017.
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.
In 2016, the Company's net revenues were $6.97 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey@st.com
| STMicroelectronics N.V. | ||||
| Consolidated Statements of Income | ||||
| (in millions of U.S. dollars, except per share data ($)) | ||||
| Three Months Ended | ||||
| (Unaudited) | (Unaudited) | |||
| December 31, | December 31, | |||
| 2016 | 2015 | |||
| Net sales | 1,846 | 1,664 | ||
| Other revenues | 13 | 4 | ||
| NET REVENUES | 1,859 | 1,668 | ||
| Cost of sales | (1,161 | ) | (1,109 | ) |
| GROSS PROFIT | 698 | 559 | ||
| Selling, general and administrative | (230 | ) | (231 | ) |
| Research and development | (340 | ) | (352 | ) |
| Other income and expenses, net | 25 | 53 | ||
| Impairment, restructuring charges and other related closure costs | (24 | ) | (4 | ) |
| Total Operating Expenses | (569 | ) | (534 | ) |
| OPERATING INCOME | 129 | 25 | ||
| Interest expense, net | (5 | ) | (6 | ) |
| Income (loss) on equity-method investments | (1 | ) | 1 | |
| INCOME BEFORE INCOME TAXES | 123 | 20 | ||
| AND NONCONTROLLING INTEREST | ||||
| Income tax expense | (9 | ) | (17 | ) |
| NET INCOME | 114 | 3 | ||
| Net loss (income) attributable to noncontrolling interest | (2 | ) | (1 | ) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 112 | 2 | ||
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.13 | - | ||
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.13 | - | ||
| NUMBER OF WEIGHTED AVERAGE | ||||
| SHARES USED IN CALCULATING | ||||
| DILUTED EARNINGS PER SHARE | 888.9 | 882.1 | ||
