| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Nine months ended | |||
| October 2, | September 26, | ||
| 2021 | 2020 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 9,187 | 6,975 | |
| Other revenues | 18 | 9 | |
| NET REVENUES | 9,205 | 6,984 | |
| Cost of sales | (5,488) | (4,449) | |
| GROSS PROFIT | 3,717 | 2,535 | |
| Selling, general and administrative | (972) | (802) | |
| Research and development | (1,321) | (1,126) | |
| Other income and expenses, net | 109 | 71 | |
| Impairment, restructuring charges and other related closure costs | 1 | (12) | |
| Total operating expenses | (2,183) | (1,869) | |
| OPERATING INCOME | 1,534 | 666 | |
| Interest expense, net | (24) | (12) | |
| Other components of pension benefit costs | (8) | (8) | |
| Income (loss) on equity-method investments | - | 1 | |
| Loss on financial instruments, net | (43) | (26) | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 1,459 | 621 | |
| Income tax expense | (204) | (96) | |
| NET INCOME | 1,255 | 525 | |
| Net income attributable to noncontrolling interest | (4) | - | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1,251 | 525 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.38 | 0.59 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.35 | 0.57 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 927.2 | 916.4 | |
STMicroelectronics Reports 2021 Third Quarter Financial Results
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