| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Six months ended | |||
| July 3, | June 27, | ||
| 2021 | 2020 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 5,995 | 4,312 | |
| Other revenues | 13 | 6 | |
| NET REVENUES | 6,008 | 4,318 | |
| Cost of sales | (3,621) | (2,743) | |
| GROSS PROFIT | 2,387 | 1,575 | |
| Selling, general and administrative | (648) | (529) | |
| Research and development | (888) | (748) | |
| Other income and expenses, net | 76 | 48 | |
| Impairment, restructuring charges and other related closure costs | 2 | (9) | |
| Total operating expenses | (1,458) | (1,238) | |
| OPERATING INCOME | 929 | 337 | |
| Interest expense, net | (16) | (3) | |
| Other components of pension benefit costs | (5) | (6) | |
| Gain (loss) on financial instruments, net | 2 | - | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 910 | 328 | |
| Income tax expense | (131) | (47) | |
| NET INCOME | 779 | 281 | |
| Net (income) loss attributable to noncontrolling interest | (3) | 1 | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 776 | 282 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.86 | 0.32 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.84 | 0.31 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 929.5 | 913.9 | |
STMicroelectronics Reports 2021 Second Quarter Financial Results
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