STMicroelectronics Reports 2019 Second Quarter Financial Results


 

STMicroelectronics N.V.    
CONSOLIDATED STATEMENTS OF INCOME    
(in millions of U.S. dollars, except per share data ($))    
     
  Six months ended
  June 29, June 30,
  2019 2018
  (Unaudited) (Unaudited)
     
Net sales   4,232   4,463
Other revenues   17   31
NET REVENUES   4,249   4,494
Cost of sales   (2,601)   (2,695)
GROSS PROFIT   1,648   1,799
Selling, general and administrative   (540)   (542)
Research and development   (749)   (705)
Other income and expenses, net   51   26
Impairment, restructuring charges and other related closure costs   (2)   (20)
Total operating expenses   (1,240)   (1,241)
OPERATING INCOME   408   558
Interest income (expense), net   2   (5)
Other components of pension benefit costs   (7)   (5)
Income (loss) on equity-method investments   1   -
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST   404   548
Income tax expense   (65)   (44)
NET INCOME   339   504
Net income attributable to noncontrolling interest   (1)   (4)
NET INCOME ATTRIBUTABLE TO PARENT COMPANY   338   500
     
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.38   0.56
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.37   0.55
     
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 902.3 915.1

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