| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (In millions of U.S. dollars, except per share data ($)) | |||
| Nine months ended | |||
| October 1, | October 2, | ||
| 2022 | 2021 | ||
| (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 | |
STMicroelectronics Reports 2022 Third Quarter Financial Results
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