|
STMicroelectronics N.V. CONSOLIDATED
STATEMENTS OF INCOME
(In millions of US dollars)
| |
Three Months Ended |
Year Ended |
| |
Dec. 31,
1999
|
Dec. 31,
1998
|
Dec. 31,
1999
|
Dec. 31,
1998
|
| Net sales |
1,470.6
|
1,123.7
|
5,023.1
|
4,210.6
|
| Other revenues |
7.6
|
9.0
|
33.2
|
37.2
|
| NET REVENUES |
1,478.2
|
1,132.7
|
5,056.3
|
4,247.8
|
| Cost of sales |
(882.4)
|
(698.6)
|
(3,054.5)
|
(2,623.0)
|
| GROSS PROFIT |
595.8
|
434.1
|
2,001.8
|
1,624.8
|
| Selling, general & administrative |
(148.0)
|
(121.9)
|
(534.2)
|
(488.1)
|
| Research & development |
(234.1)
|
(179.2)
|
(836.0)
|
(689.8)
|
| Other income and expenses |
3.8
|
21.8
|
39.9
|
76.5
|
| Total Operating Expenses |
(378.3)
|
(279.3)
|
(1,330.3)
|
(1,101.4)
|
| OPERATING INCOME |
217.5
|
154.8
|
671.5
|
523.4
|
| Net interest income (expense) |
17.7
|
4.6
|
35.6
|
8.7
|
INCOME BEFORE INCOME
TAXES AND MINORITY INTERESTS |
235.2
|
159.4
|
707.1
|
532.1
|
| Income tax expense |
(50.3)
|
(37.6)
|
(157.2)
|
(120.4)
|
| INCOME BEFORE MINORITY INTERESTS |
184.9
|
121.8
|
549.9
|
411.7
|
| Minority interests |
(0.6)
|
0.0
|
(2.6)
|
(0.6)
|
| NET INCOME |
184.3
|
121.8
|
547.3
|
411.1
|
| |
|
|
|
|
| EARNINGS PER SHARE (BASIC)* |
0.64
|
0.43
|
1.91
|
1.46
|
| EARNINGS PER SHARE (DILUTED)* |
0.62
|
0.42
|
1.87
|
1.44
|
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED
EARNINGS PER SHARE |
310.2
|
294.9
|
300.4
|
288.1
|
* All per share figures have been adjusted to reflect the 2-for-1
stock split effected in June 1999 |
|
|
|
|
|
