STMicroelectronics Reports 2012 Third Quarter and Nine Month Financial Results

(continued)

(Attachment A - continued)
Net financial position: resources (debt), represents the balance between our total financial resources and our total financial debt. Our total financial resources include cash and cash equivalents, marketable securities, short-term deposits and restricted cash, and our total financial debt includes short-term borrowings, current portion of long-term debt and long-term debt, all as reported in our consolidated balance sheet. We believe our net financial position provides useful information for investors because it gives evidence of our global position either in terms of net indebtedness or net cash position by measuring our capital resources based on cash, cash equivalents and marketable securities and the total level of our financial indebtedness. Net financial position is not a U.S. GAAP measure.

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Net Financial          September 29, 2012   June 30, 2012   October 1, 2011 
 Position (in US$                                                           
 millions)                                                                  
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Cash and cash                                                               
 equivalents                  1,686             1,806            1,973      
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Marketable securities          237               259              464       
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Short-term deposits             -                 -                91       
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Restricted cash                 -                 -                3        
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Non-current                                                                 
 restricted cash                4                 4                5        
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Total financial                                                             
 resources                    1,927             2,069            2,536      
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Short-term borrowings                                                       
 and current portion                                                        
 of long-term debt           (1,260)           (1,173)           (840)      
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Long-term debt                (298)             (362)            (869)      
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Total financial debt         (1,558)           (1,535)          (1,709)     
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Net financial                                                               
 position                      369               534              827       
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Net financial                                                               
 position, adjusted                                                         
 to account for 50%                                                         
 investment in ST-                                                          
 Ericsson                             1,064                          1,153                        1,134            
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