|
CONSOLIDATED STATEMENTS OF INCOME
STMicroelectronics N.V.
(In millions of US dollars, except per share data ($))
|
Three Months Ended |
|
March 30, 2002
|
March 31, 2001
|
|
|
|
| Net sales |
1,346.0 |
1,906.0 |
| Other revenues |
9.2 |
15.1 |
| NET REVENUES |
1,355.2 |
1,921.1 |
| Cost of sales |
(903.2)
|
(1,065.3)
|
| GROSS PROFIT |
452.0 |
855.8 |
| Selling, general & administrative |
(141.5) |
(176.8) |
| Research & development |
(223.7) |
(272.1) |
| Other income and expenses |
(16.9)
|
5.4
|
| Impairment and restructuring charges |
(9.6) |
0.0 |
| Total Operating Expenses |
(391.7)
|
(443.5)
|
| OPERATING INCOME |
60.3 |
412.3 |
| Net interest income ( expense ) |
(15.4) |
3.1 |
| Equity in earnings of joint ventures |
(3.9) |
0.0 |
INCOME BEFORE INCOME
TAXES AND MINORITY INTERESTS |
41.0 |
415.4 |
| Income tax expense |
(7.6)
|
(74.2)
|
| INCOME BEFORE MINORITY INTERESTS |
33.4 |
341.2 |
| Minority interests |
(0.5 )
|
(0.4)
|
| NET INCOME |
32.9
|
340.8
|
|
|
|
| EARNINGS PER SHARE(BASIC) |
0.04 |
0.38 |
| EARNINGS PER SHARE(DILUTED) |
0.04 |
0.38 |
NUMBER OF WEIGHTED AVERAGE SHARES
USED IN CALCULATING DILUTED
EARNINGS PER SHARE * |
897.5 |
951.5 |
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| (more tables to follow) |
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