STMicroelectronics Reports 2022 Third Quarter Financial Results


STMicroelectronics N.V.   
CONSOLIDATED STATEMENTS OF INCOME   
(In millions of U.S. dollars, except per share data ($))   
    
  Nine months ended 
 October 1,October 2, 
 20222021 
 (Unaudited)(Unaudited) 
    
Net sales 11,675 9,187  
Other revenues 29 18  
NET REVENUES 11,704 9,205  
Cost of sales (6,171) (5,488) 
GROSS PROFIT 5,533 3,717  
Selling, general and administrative (1,076) (972) 
Research and development (1,429) (1,321) 
Other income and expenses, net 125 109  
Impairment, restructuring charges and other related closure costs - 1  
Total operating expenses (2,380) (2,183) 
OPERATING INCOME 3,153 1,534  
Interest income (expense), net 24 (24) 
Other components of pension benefit costs (7) (8) 
Loss on financial instruments, net - (43) 
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST 3,170 1,459  
Income tax expense (454) (204) 
NET INCOME 2,716 1,255  
Net income attributable to noncontrolling interest (3) (4)  
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 2,713 1,251  
       
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 2.99 1.38  
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS 2.87 1.35  
       
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 946.9 927.2  
       

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