| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (In millions of U.S. dollars, except per share data ($)) | |||
| Twelve months ended | |||
| December 31, | December 31, | ||
| 2022 | 2021 | ||
| (Unaudited) | (Audited) | ||
| Net sales | 16,083 | 12,729 | |
| Other revenues | 45 | 32 | |
| NET REVENUES | 16,128 | 12,761 | |
| Cost of sales | (8,493) | (7,435) | |
| GROSS PROFIT | 7,635 | 5,326 | |
| Selling, general and administrative | (1,454) | (1,323) | |
| Research and development | (1,901) | (1,723) | |
| Other income and expenses, net | 159 | 141 | |
| Impairment, restructuring charges and other related closure costs | - | (2) | |
| Total operating expenses | (3,196) | (2,907) | |
| OPERATING INCOME | 4,439 | 2,419 | |
| Interest income (expense), net | 58 | (29) | |
| Other components of pension benefit costs | (11) | (10) | |
| Gain (loss) on financial instruments, net | - | (43) | |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 4,486 | 2,337 | |
| Income tax expense | (520) | (331) | |
| NET INCOME | 3,966 | 2,006 | |
| Net income attributable to noncontrolling interest | (6) | (6) | |
| NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 3,960 | 2,000 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 4.37 | 2.21 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 4.19 | 2.16 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 946.2 | 924.8 | |
STMicroelectronics Reports Q4 and FY 2022 Financial Results
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