STMicroelectronics Reports Q4 and FY 2022 Financial Results
|
STMicroelectronics N.V. | | | | |
CONSOLIDATED STATEMENTS OF INCOME | | | | |
(In millions of U.S. dollars, except per share data ($)) | | | | | | | | | | |
Twelve months ended | | | | December 31, | December 31, | | | | 2022 | 2021 | | | | (Unaudited) | (Audited) | | | | | | | | Net sales | 16,083 | 12,729 | | | Other revenues | 45 | 32 | | |
NET REVENUES |
16,128 |
12,761 | | | Cost of sales | (8,493) | (7,435) | | |
GROSS PROFIT |
7,635 |
5,326 | | | Selling, general and administrative | (1,454) | (1,323) | | | Research and development | (1,901) | (1,723) | | | Other income and expenses, net | 159 | 141 | | | Impairment, restructuring charges and other related closure costs | - | (2) | | | Total operating expenses | (3,196) | (2,907) | | |
OPERATING INCOME |
4,439 |
2,419 | | | Interest income (expense), net | 58 | (29) | | | Other components of pension benefit costs | (11) | (10) | | | Gain (loss) on financial instruments, net | - | (43) | | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
4,486 |
2,337 | | | Income tax expense | (520) | (331) | | |
NET INCOME |
3,966 |
2,006 | | | Net income attributable to noncontrolling interest | (6) | (6) | | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
3,960 |
2,000 | | | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
4.37 |
2.21 | | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
4.19 |
2.16 | | | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
946.2 |
924.8 | | | | | | |
|
