| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Twelve months ended | |||
| December 31, | December 31, | ||
| 2021 | 2020 | ||
| (Unaudited) | (Audited) | ||
| Net sales | 12,729 | 10,181 | |
| Other revenues | 32 | 38 | |
| NET REVENUES | 12,761 | 10,219 | |
| Cost of sales | (7,435) | (6,430) | |
| GROSS PROFIT | 5,326 | 3,789 | |
| Selling, general and administrative | (1,323) | (1,109) | |
| Research and development | (1,723) | (1,548) | |
| Other income and expenses, net | 141 | 202 | |
| Impairment, restructuring charges and other related closure costs | (2) | (11) | |
| Total operating expenses | (2,907) | (2,466) | |
| OPERATING INCOME | 2,419 | 1,323 | |
| Interest expense, net | (29) | (20) | |
| Other components of pension benefit costs | (10) | (12) | |
| Income (loss) on equity-method investments | - | 2 | |
| Loss on financial instruments, net | (43) | (26) | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 2,337 | 1,267 | |
| Income tax expense | (331) | (159) | |
| NET INCOME | 2,006 | 1,108 | |
| Net income attributable to noncontrolling interest | (6) | (2) | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 2,000 | 1,106 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 2.21 | 1.24 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 2.16 | 1.20 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 924.8 | 919.7 | |
STMicroelectronics Reports Q4 and FY 2021 Financial Results
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