STMicroelectronics Reports 2020 Third Quarter Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | September 26, | June 27, | December 31, | |
In millions of U.S. dollars | 2020 | 2020 | 2019 | | | (Unaudited) | (Unaudited) | (Audited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 2,714 | 1,800 | 2,597 | | Restricted cash | - | - | 10 | | Short-term deposits | 679 | 687 | 4 | | Marketable securities | 134 | 134 | 133 | | Trade accounts receivable, net | 1,433 | 1,171 | 1,380 | | Inventories | 1,931 | 1,963 | 1,691 | | Other current assets | 504 | 448 | 442 | |
Total current assets |
7,395 |
6,203 |
6,257 | | Goodwill | 321 | 197 | 162 | | Other intangible assets, net | 422 | 312 | 299 | | Property, plant and equipment, net | 4,312 | 4,194 | 4,007 | | Non-current deferred tax assets | 726 | 710 | 695 | | Long-term investments | 10 | 11 | 11 | | Other non-current assets | 580 | 535 | 437 | | |
6,371 |
5,959 |
5,611 | |
Total assets |
13,766 |
12,162 |
11,868 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 983 | 879 | 173 | | Trade accounts payable | 1,091 | 1,079 | 950 | | Other payables and accrued liabilities | 865 | 829 | 831 | | Dividends payable to stockholders | 82 | 119 | 58 | | Accrued income tax | 105 | 69 | 52 | |
Total current liabilities |
3,126 |
2,975 |
2,064 | | Long-term debt | 1,882 | 1,172 | 1,899 | | Post-employment benefit obligations | 464 | 447 | 445 | | Long-term deferred tax liabilities | 80 | 38 | 19 | | Other long-term liabilities | 470 | 339 | 330 | | |
2,896 |
1,996 |
2,693 | |
Total liabilities |
6,022 |
4,971 |
4,757 | | 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, 911,239,420 shares issued, 903,184,398 shares outstanding) | 1,157 | 1,157 | 1,157 | | Capital surplus | 3,057 | 3,061 | 2,992 | | Retained earnings | 3,019 | 2,797 | 2,747 | | Accumulated other comprehensive income | 576 | 481 | 475 | | Treasury stock | (133) | (372) | (328) | | Total parent company stockholders' equity | 7,676 | 7,124 | 7,043 | | Noncontrolling interest | 68 | 67 | 68 | |
Total equity |
7,744 |
7,191 |
7,111 | |
Total liabilities and equity |
13,766 |
12,162 |
11,868 | | | | | |
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