STMicroelectronics Reports 2022 First Quarter Financial Results


STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at	April 2,	December 31,	April 3,
In millions of U.S. dollars	2022	2021	2021
	(Unaudited)	(Audited)	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	2,828	3,225	3,454
Short-term deposits	427	291	573
Marketable securities	139	-	132
Trade accounts receivable, net	1,809	1,759	1,418
Inventories	2,147	1,972	1,843
Other current assets	633	581	550
Total current assets	7,983	7,828	7,970
Goodwill	307	313	320
Other intangible assets, net	462	438	434
Property, plant and equipment, net	6,151	5,660	4,743
Non-current deferred tax assets	604	652	717
Long-term investments	10	10	10
Other non-current assets	705	639	784
	8,239	7,712	7,008
Total assets	16,222	15,540	14,978

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	140	143	837
Trade accounts payable	1,608	1,582	1,281
Other payables and accrued liabilities	1,207	1,101	1,003
Dividends payable to stockholders	6	55	4
Accrued income tax	113	68	75
Total current liabilities	3,074	2,949	3,200
Long-term debt	2,414	2,396	2,137
Post-employment benefit obligations	436	442	490
Long-term deferred tax liabilities	47	64	74
Other long-term liabilities	424	416	461
	3,321	3,318	3,162
Total liabilities	6,395	6,267	6,362
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, 911,281,920 shares issued, 904,642,060 shares outstanding)	1,157	1,157	1,157
Additional Paid-in Capital	2,472	2,533	3,127
Retained earnings	5,995	5,223	3,963
Accumulated other comprehensive income	426	496	559
Treasury stock	(286)	(200)	(249)
Total parent company stockholders' equity	9,764	9,209	8,557
Noncontrolling interest	63	64	59
Total equity	9,827	9,273	8,616
Total liabilities and equity	16,222	15,540	14,978

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