STMicroelectronics Reports Q4 and FY 2018 Financial Results

By getting more from technology to get more from life, ST stands for life.augmented.

In 2018, the Company's net revenues were $9.66 billion, serving more than 100,000 customers worldwide.

Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41 22 929 58 12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton                                         
Corporate External Communications
STMicroelectronics
Tel: + 33 6 59 16 79 08
alexis.breton@st.com


STMicroelectronics N.V.    
CONSOLIDATED STATEMENTS OF INCOME    
(in millions of U.S. dollars, except per share data ($))    
     
  Three months ended
  December 31, December 31,
  2018 2017
  (Unaudited) (Unaudited)
     
Net sales   2,633   2,457
Other revenues   15   9
NET REVENUES   2,648   2,466
Cost of sales   (1,589)   (1,463)
GROSS PROFIT   1,059   1,003
Selling, general and administrative   (285)   (264)
Research and development   (345)   (326)
Other income and expenses, net   16   18
Impairment, restructuring charges and other related closure costs   (2)   (20)
Total operating expenses   (616)   (592)
OPERATING INCOME   443   411
Interest income (expense), net   1   (6)
Other components of pension benefit costs   (2)   (3)
Income (loss) on equity-method investments   6   -
Loss on financial instruments, net   (1)   (11)
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST   447   391
Income tax expense   (28)   (81)
NET INCOME   419   310
Net income attributable to noncontrolling interest   (1)   (2)
NET INCOME ATTRIBUTABLE TO PARENT COMPANY   418   308
     
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.46   0.35
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.46   0.34
     
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 905.5 910.2


STMicroelectronics N.V.    
CONSOLIDATED STATEMENTS OF INCOME    
(in millions of U.S. dollars, except per share data ($))    
     
  Twelve months ended
  December 31, December 31,
  2018 2017
  (Unaudited) (Audited)
     
Net sales   9,612   8,308
Other revenues   52   39
NET REVENUES   9,664   8,347
Cost of sales   (5,803)   (5,075)
GROSS PROFIT   3,861   3,272
Selling, general and administrative   (1,095)   (981)
Research and development   (1,398)   (1,296)
Other income and expenses, net   53   55
Impairment, restructuring charges and other related closure costs   (21)   (45)
Total operating expenses   (2,461)   (2,267)
OPERATING INCOME   1,400   1,005
Interest expense, net   (7)   (22)
Other components of pension benefit costs   (11)   (12)
Income (loss) on equity-method investments   8   (2)
Loss on financial instruments, net   (1)   (16)
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST   1,389   953
Income tax expense   (96)   (143)
NET INCOME   1,293   810
Net income attributable to noncontrolling interest   (6)   (8)
NET INCOME ATTRIBUTABLE TO PARENT COMPANY   1,287   802
     
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   1.43   0.91
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   1.41   0.89
     
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 911.0 906.1

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