STMicroelectronics N.V. (STM)

STMicroelectronics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 28, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	14,177	17,239	16,083	12,729	10,181	9,529
Other Revenue	52	47	45	32	38	27
Revenue	14,229	17,286	16,128	12,761	10,219	9,556
Revenue Growth (YoY)	-18.36%	7.18%	26.39%	24.88%	6.94%	-1.12%
Cost of Revenue	8,527	9,213	8,720	7,435	6,430	5,860
Gross Profit	5,702	8,073	7,408	5,326	3,789	3,696
Selling, General & Admin	1,650	1,638	1,428	1,333	1,121	1,109
Research & Development	1,700	1,725	1,447	1,723	1,548	1,498
Other Operating Expenses	-135	-56	-161	-158	-223	-97
Operating Expenses	3,215	3,307	2,714	2,898	2,446	2,510
Operating Income	2,487	4,766	4,694	2,428	1,343	1,186
Interest Expense	-83	-83	-38	-42	-54	-54
Interest & Investment Income	67	15	1	13	34	55
Earnings From Equity Investments	-	-	-	-	2	1
Currency Exchange Gain (Loss)	17	17	-29	7	8	-
Other Non Operating Income (Expenses)	-28	-27	349	-43	-26	-
EBT Excluding Unusual Items	2,460	4,688	4,977	2,363	1,307	1,188
Merger & Restructuring Charges	-	-	-	-1	-7	2
Gain (Loss) on Sale of Assets	6	6	2	5	14	7
Asset Writedown	-167	-167	-115	-1	-4	-7
Legal Settlements	-12	-12	-8	-10	-11	-1
Other Unusual Items	-	-	-10	-19	-32	-
Pretax Income	2,287	4,515	4,846	2,337	1,267	1,189
Income Tax Expense	203	519	517	331	159	156
Earnings From Continuing Operations	2,084	3,996	4,329	2,006	1,108	1,033
Minority Interest in Earnings	-18	-11	-6	-6	-2	-1
Net Income	2,066	3,985	4,323	2,000	1,106	1,032
Net Income to Common	2,066	3,985	4,323	2,000	1,106	1,032
Net Income Growth	-56.46%	-7.82%	116.15%	80.83%	7.17%	-19.81%
Shares Outstanding (Basic)	901	904	906	904	895	894
Shares Outstanding (Diluted)	906	909	912	925	920	904
Shares Change (YoY)	-0.49%	-0.31%	-1.36%	0.56%	1.78%	-0.80%
EPS (Basic)	2.29	4.41	4.77	2.21	1.24	1.15
EPS (Diluted)	2.27	4.38	4.74	2.16	1.20	1.14
EPS Growth	-56.35%	-7.59%	119.44%	80.00%	5.26%	-19.15%
Free Cash Flow	626	1,927	2,030	1,220	810	688
Free Cash Flow Per Share	0.69	2.12	2.23	1.32	0.88	0.76
Dividend Per Share	0.360	0.360	0.240	0.240	0.240	0.168
Dividend Growth	50.00%	50.00%	0%	0%	42.86%	-30.00%
Gross Margin	40.07%	46.70%	45.93%	41.74%	37.08%	38.68%
Operating Margin	17.48%	27.57%	29.10%	19.03%	13.14%	12.41%
Profit Margin	14.52%	23.05%	26.80%	15.67%	10.82%	10.80%
Free Cash Flow Margin	4.40%	11.15%	12.59%	9.56%	7.93%	7.20%
EBITDA	4,203	6,321	5,914	3,473	2,266	2,040
EBITDA Margin	29.54%	36.57%	36.67%	27.22%	22.17%	21.35%
D&A For EBITDA	1,716	1,555	1,220	1,045	923	854
EBIT	2,487	4,766	4,694	2,428	1,343	1,186
EBIT Margin	17.48%	27.57%	29.10%	19.03%	13.14%	12.41%
Effective Tax Rate	8.88%	11.49%	10.67%	14.16%	12.55%	13.12%
Revenue as Reported	14,229	17,286	16,128	12,761	10,219	9,556
Advertising Expenses	-	-	-	12	12	17

Source: S&P Capital IQ. Standard template. Financial Sources.