STMicroelectronics Reports 2018 First Quarter Financial Results
| | | | | | STMicroelectronics N.V. | | | | | CONSOLIDATED BALANCE SHEETS | | | | | As at | March 31, | December 31, | April 01, | | In millions of U.S. dollars | 2018 | 2017 | 2017 | | | (Unaudited) | (Audited) | (Unaudited) | | ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | 1,791 | 1,759 | 1,641 | | Short-term deposits | 14 | - | - | | Marketable securities | 429 | 431 | 335 | | Trade accounts receivable, net | 1,042 | 1,149 | 946 | | Inventories | 1,435 | 1,335 | 1,201 | | Other current assets | 449 | 425 | 351 | | Total current assets | 5,160 | 5,099 | 4,474 | | Goodwill | 125 | 123 | 117 | | Other intangible assets, net | 205 | 209 | 188 | | Property, plant and equipment, net | 3,371 | 3,094 | 2,489 | | Non-current deferred tax assets | 632 | 624 | 534 | | Long-term investments | 58 | 57 | 57 | | Other non-current assets | 517 | 475 | 467 | | | 4,908 | 4,582 | 3,852 | | Total assets | 10,068 | 9,681 | 8,326 | | | | | | | LIABILITIES AND EQUITY | | | | | Current liabilities: | | | | | Short-term debt | 119 | 118 | 117 | | Trade accounts payable | 979 | 893 | 757 | | Other payables and accrued liabilities | 940 | 897 | 777 | | Dividends payable to stockholders | 6 | 60 | 6 | | Accrued income tax | 41 | 52 | 47 | | Total current liabilities | 2,085 | 2,020 | 1,704 | | Long-term debt | 1,593 | 1,583 | 1,341 | | Post-employment benefit obligations | 393 | 385 | 354 | | Long-term deferred tax liabilities | 12 | 11 | 5 | | Other long-term liabilities | 216 | 215 | 150 | | | 2,214 | 2,194 | 1,850 | | Total liabilities | 4,299 | 4,214 | 3,554 | | 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, 911,134,420 shares issued, 896,659,631 shares outstanding) | 1,157 | 1,157 | 1,157 | | Capital surplus | 2,743 | 2,718 | 2,828 | | Retained earnings | 1,212 | 973 | 538 | | Accumulated other comprehensive income | 724 | 688 | 428 | | Treasury stock | (132) | (132) | (241) | | Total parent company stockholders' equity | 5,704 | 5,404 | 4,710 | | Noncontrolling interest | 65 | 63 | 62 | | Total equity | 5,769 | 5,467 | 4,772 | | Total liabilities and equity | 10,068 | 9,681 | 8,326 |
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