STMicroelectronics Reports 2020 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 27, | June 29, |
| 2020 | 2019 |
| (Unaudited) | (Unaudited) |
| | |
Net sales | 4,312 | 4,232 |
Other revenues | 6 | 17 |
NET REVENUES |
4,318 |
4,249 |
Cost of sales | (2,743) | (2,601) |
GROSS PROFIT |
1,575 |
1,648 |
Selling, general and administrative | (529) | (540) |
Research and development | (748) | (749) |
Other income and expenses, net | 48 | 51 |
Impairment, restructuring charges and other related closure costs | (9) | (2) |
Total operating expenses | (1,238) | (1,240) |
OPERATING INCOME |
337 |
408 |
Interest income (expense), net | (3) | 2 |
Other components of pension benefit costs | (6) | (7) |
Income (loss) on equity-method investments | - | 1 |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
328 |
404 |
Income tax expense | (47) | (65) |
NET INCOME |
281 |
339 |
Net income attributable to noncontrolling interest | 1 | (1) |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
282 |
338 |
| | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.32 |
0.38 |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
0.31 |
0.37 |
| | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
913.9 |
902.3 |
| | |