STMicroelectronics Reports Q4 and FY 2023 Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED STATEMENTS OF INCOME | | | | |
(in millions of U.S. dollars, except per share data ($)) | | | | | | | | | | |
Twelve months ended | | | | December 31, | December 31, | | | | 2023 | 2022 | | | | (Unaudited) | (Audited) | | | | | | | | Net sales | 17,239 | 16,083 | | | Other revenues | 47 | 45 | | |
NET REVENUES |
17,286 |
16,128 | | | Cost of sales | (8,999) | (8,493) | | |
GROSS PROFIT |
8,287 |
7,635 | | | Selling, general and administrative | (1,631) | (1,454) | | | Research and development | (2,100) | (1,901) | | | Other income and expenses, net | 55 | 159 | | | Total operating expenses | (3,676) | (3,196) | | |
OPERATING INCOME |
4,611 |
4,439 | | | Interest income, net | 171 | 58 | | | Other components of pension benefit costs | (19) | (11) | | |
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST |
4,763 |
4,486 | | | Income tax expense | (541) | (520) | | |
NET INCOME |
4,222 |
3,966 | | | Net income attributable to noncontrolling interest | (11) | (6) | | |
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
4,211 |
3,960 | | | | | | | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
4.66 |
4.37 | | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS |
4.46 |
4.19 | | | | | | | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS |
944.2 |
946.2 | | | | | | |
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