| STMicroelectronics N.V. | ||
| CONSOLIDATED STATEMENTS OF INCOME | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Six months ended | ||
| June 29, | June 30, | |
| 2019 | 2018 | |
| (Unaudited) | (Unaudited) | |
| Net sales | 4,232 | 4,463 |
| Other revenues | 17 | 31 |
| NET REVENUES | 4,249 | 4,494 |
| Cost of sales | (2,601) | (2,695) |
| GROSS PROFIT | 1,648 | 1,799 |
| Selling, general and administrative | (540) | (542) |
| Research and development | (749) | (705) |
| Other income and expenses, net | 51 | 26 |
| Impairment, restructuring charges and other related closure costs | (2) | (20) |
| Total operating expenses | (1,240) | (1,241) |
| OPERATING INCOME | 408 | 558 |
| Interest income (expense), net | 2 | (5) |
| Other components of pension benefit costs | (7) | (5) |
| Income (loss) on equity-method investments | 1 | - |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 404 | 548 |
| Income tax expense | (65) | (44) |
| NET INCOME | 339 | 504 |
| Net income attributable to noncontrolling interest | (1) | (4) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 338 | 500 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.38 | 0.56 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.37 | 0.55 |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 902.3 | 915.1 |
STMicroelectronics Reports 2019 Second Quarter Financial Results
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