| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Six months ended | |||
| July 2, | July 3, | ||
| 2022 | 2021 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 7,370 | 5,995 | |
| Other revenues | 13 | 13 | |
| NET REVENUES | 7,383 | 6,008 | |
| Cost of sales | (3,909) | (3,621) | |
| GROSS PROFIT | 3,474 | 2,387 | |
| Selling, general and administrative | (723) | (648) | |
| Research and development | (966) | (888) | |
| Other income and expenses, net | 96 | 76 | |
| Impairment, restructuring charges and other related closure costs | - | 2 | |
| Total operating expenses | (1,593) | (1,458) | |
| OPERATING INCOME | 1,881 | 929 | |
| Interest income (expense), net | 7 | (16) | |
| Other components of pension benefit costs | (5) | (5) | |
| Gain on financial instruments, net | - | 2 | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 1,883 | 910 | |
| Income tax expense | (268) | (131) | |
| NET INCOME | 1,615 | 779 | |
| Net income attributable to noncontrolling interest | (1) | (3) | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1,614 | 776 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.78 | 0.86 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 1.70 | 0.84 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 947.6 | 929.5 | |
STMicroelectronics Reports 2022 Second Quarter Financial Results
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