STMicroelectronics Reports 2021 Third Quarter Financial Results

About STMicroelectronics

At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41 22 929 58 12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com

STMicroelectronics N.V.   
CONSOLIDATED STATEMENTS OF INCOME   
(in millions of U.S. dollars, except per share data ($))   
    
  Three months ended 
 October 2,September 26, 
 20212020 
 (Unaudited)(Unaudited) 
    
Net sales 3,192 2,663  
Other revenues 5 3  
NET REVENUES 3,197 2,666  
Cost of sales (1,867) (1,707) 
GROSS PROFIT 1,330 959  
Selling, general and administrative (324) (273) 
Research and development (433) (379) 
Other income and expenses, net 33 24  
Impairment, restructuring charges and other related closure costs (1) (2) 
Total operating expenses (725) (630) 
OPERATING INCOME 605 329  
Interest expense, net (8) (9) 
Other components of pension benefit costs (3) (2) 
Income (loss) on equity-method investments - 1  
Loss on financial instruments, net (45) (26)  
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST 549 293  
Income tax expense (73) (50)  
NET INCOME 476 243  
Net income attributable to noncontrolling interest (2) (1)  
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 474 242  
       
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 0.52 0.27  
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 0.51 0.26  
       
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 922.8 921.5  
       

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