| STMicroelectronics N.V. | ||
| CONSOLIDATED STATEMENTS OF INCOME | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Twelve months ended | ||
| December 31, | December 31, | |
| 2020 | 2019 | |
| (Unaudited) | (Audited) | |
| Net sales | 10,181 | 9,529 |
| Other revenues | 38 | 27 |
| NET REVENUES | 10,219 | 9,556 |
| Cost of sales | (6,430) | (5,860) |
| GROSS PROFIT | 3,789 | 3,696 |
| Selling, general and administrative | (1,109) | (1,093) |
| Research and development | (1,548) | (1,498) |
| Other income and expenses, net | 202 | 103 |
| Impairment, restructuring charges and other related closure costs | (11) | (5) |
| Total operating expenses | (2,466) | (2,493) |
| OPERATING INCOME | 1,323 | 1,203 |
| Interest income (expense), net | (20) | 1 |
| Other components of pension benefit costs | (12) | (16) |
| Income (loss) on equity-method investments | 2 | 1 |
| Loss on financial instruments, net | (26) | - |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 1,267 | 1,189 |
| Income tax expense | (159) | (156) |
| NET INCOME | 1,108 | 1,033 |
| Net income attributable to noncontrolling interest | (2) | (1) |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY | 1,106 | 1,032 |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.24 | 1.15 |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.20 | 1.14 |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 919.7 | 903.6 |
STMicroelectronics Reports Q4 and FY 2020 Financial Results
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