STMicroelectronics Reports 2010 Second Quarter and First Half Financial Results

(Attachment A – continued)

Net financial position: resources (debt), represents the balance between our total financial resources and our total financial debt. Our total financial resources include cash and cash equivalents, net of bank overdrafts, if any, current and non-current marketable securities excluding Micron shares received in connection with the sales of Numonyx, short-term deposits and restricted cash, and our total financial debt includes the current portion of long-term debt and long-term debt, all as reported in our consolidated balance sheet. We believe our net financial position provides useful information for investors because it gives evidence of our global position either in terms of net indebtedness or net cash by measuring our capital resources based on cash, cash equivalents and marketable securities and the total level of our financial indebtedness. Net financial position is not a U.S. GAAP measure.


Net Financial Position (in US$ millions)

June 26,
2010

March 27,
2010

June 27,
2009

Cash and cash equivalents, net of bank overdrafts

1,268

1,423

1,685

Marketable securities, current (a)

1,094

1,037

759

Short-term deposits

62

0

0

Restricted cash

250

250

250

Marketable securities, non-current (a)

57

47

170

Total financial resources

2,731

2,757

2,864

Current portion of long-term debt

(802)

(904)

(174)

Long-term debt

(1,227)

(1,287)

(2,485)

Total financial debt

(2,029)

(2,191)

(2,659)

Net financial position

702

566

205


(a) Excludes Micron shares received in connection with the sale of Numonyx in Q210.




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