STMicroelectronics Reports Q4 and FY 2023 Financial Results
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STMicroelectronics N.V. | | | | |
CONSOLIDATED BALANCE SHEETS | | | | |
As at | December 31, | September 30, | December 31, | |
In millions of U.S. dollars | 2023 | 2023 | 2022 | | | (Unaudited) | (Unaudited) | (Audited) | |
ASSETS | | | | |
Current assets: | | | | | Cash and cash equivalents | 3,222 | 3,011 | 3,258 | | Short-term deposits | 1,226 | 506 | 581 | | Marketable securities | 1,635 | 1,537 | 679 | | Trade accounts receivable, net | 1,731 | 1,837 | 1,970 | | Inventories | 2,698 | 2,870 | 2,583 | | Other current assets | 1,295 | 1,230 | 734 | |
Total current assets |
11,807 |
10,991 |
9,805 | | Goodwill | 303 | 294 | 297 | | Other intangible assets, net | 367 | 353 | 405 | | Property, plant and equipment, net | 10,554 | 9,672 | 8,201 | | Non-current deferred tax assets | 592 | 510 | 602 | | Long-term investments | 22 | 21 | 11 | | Other non-current assets | 808 | 721 | 661 | | |
12,646 |
11,571 |
10,177 | |
Total assets |
24,453 |
22,562 |
19,982 | | | | | | |
LIABILITIES AND EQUITY | | | | |
Current liabilities: | | | | | Short-term debt | 217 | 173 | 175 | | Trade accounts payable | 1,856 | 1,555 | 2,122 | | Other payables and accrued liabilities | 1,525 | 1,517 | 1,385 | | Dividends payable to stockholders | 54 | 115 | 60 | | Accrued income tax | 78 | 377 | 95 | |
Total current liabilities |
3,730 |
3,737 |
3,837 | | Long-term debt | 2,710 | 2,418 | 2,542 | | Post-employment benefit obligations | 372 | 338 | 331 | | Long-term deferred tax liabilities | 54 | 55 | 60 | | Other long-term liabilities | 735 | 507 | 454 | | |
3,871 |
3,318 |
3,387 | |
Total liabilities |
7,601 |
7,055 |
7,224 | | 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, 902,771,081 shares outstanding as of December 31, 2023) | 1,157 | 1,157 | 1,157 | | Additional Paid-in Capital | 2,866 | 2,800 | 2,631 | | Retained earnings | 12,470 | 11,395 | 8,713 | | Accumulated other comprehensive income | 613 | 376 | 460 | | Treasury stock | (377) | (293) | (268) | | Total parent company stockholders' equity | 16,729 | 15,435 | 12,693 | | Noncontrolling interest | 123 | 72 | 65 | |
Total equity |
16,852 |
15,507 |
12,758 | |
Total liabilities and equity |
24,453 |
22,562 |
19,982 | | | | | | | | | | |
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