STMicroelectronics Reports 2011 Fourth Quarter and Full Year Financial Results

 

 

 

STMicroelectronics N.V.

 

 

Consolidated Statements of Income

 

 

(in million of U.S. dollars, except per share data ($))

 

 

 

 

 

 

 

 

 

Twelve Months Ended

 

 

 

(Unaudited)

(Audited)

 

 

 

December 31,

December 31,

 

 

 

2011

2010

 

 

 

 

 

Net sales

 

 

9,630

10,262

Other revenues

 

105

84

  NET REVENUES

 

9,735

10,346

Cost of sales

 

(6,161)

(6,331)

  GROSS PROFIT

 

3,574

4,015

Selling, general and administrative

(1,210)

(1,175)

Research and development

(2,352)

(2,350)

Other income and expenses, net

109

90

Impairment, restructuring charges and other related closure costs

(75)

(104)

  Total Operating Expenses

(3,528)

(3,539)

  OPERATING INCOME 

46

476

Other-than-temporary impairment charge and realized gain on financial assets

318

-

Interest expense, net

 

(25)

(3)

Earnings (loss) on equity method investments and gain on investment divestiture

(28)

242

Gain (loss) on financial instruments, net

25

(24)

  INCOME BEFORE INCOME TAXES 

336

691

   AND NONCONTROLLING INTEREST

 

 

Income tax expense

 

(181)

(149)

  INCOME BEFORE NONCONTROLLING INTEREST

155

542

Net loss attributable to noncontrolling interest

495

288

  NET INCOME ATTRIBUTABLE TO PARENT COMPANY

650

830

 

 

 

 

 

  EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS

0.74

0.94

  EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS

0.72

0.92

 

 

 

 

 

  NUMBER OF WEIGHTED AVERAGE

 

 

  SHARES USED IN CALCULATING

 

 

  DILUTED EARNINGS PER SHARE

904.5

911.1


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