| STMicroelectronics N.V. | ||
| CONSOLIDATED STATEMENTS OF INCOME | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Six months ended | ||
| June 27, | June 29, | |
| 2020 | 2019 | |
| (Unaudited) | (Unaudited) | |
| Net sales | 4,312 | 4,232 |
| Other revenues | 6 | 17 |
| NET REVENUES | 4,318 | 4,249 |
| Cost of sales | (2,743) | (2,601) |
| GROSS PROFIT | 1,575 | 1,648 |
| Selling, general and administrative | (529) | (540) |
| Research and development | (748) | (749) |
| Other income and expenses, net | 48 | 51 |
| Impairment, restructuring charges and other related closure costs | (9) | (2) |
| Total operating expenses | (1,238) | (1,240) |
| OPERATING INCOME | 337 | 408 |
| Interest income (expense), net | (3) | 2 |
| Other components of pension benefit costs | (6) | (7) |
| Income (loss) on equity-method investments | - | 1 |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 328 | 404 |
| Income tax expense | (47) | (65) |
| NET INCOME | 281 | 339 |
| Net income attributable to noncontrolling interest | 1 | (1) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 282 | 338 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.32 | 0.38 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.31 | 0.37 |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 913.9 | 902.3 |
STMicroelectronics Reports 2020 Second Quarter Financial Results
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