STMicroelectronics N.V. (STM) annual results, year to 31 December 2011: revenue USD 9,735 million, from the 20-F
STMicroelectronics N.V. files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2011 it reported revenue of USD 9,735 million, down 5.9% on the year before. Its profit attributable to shareholders was USD 650 million, down 21.7%, and diluted earnings per share USD 0.72.
this yearthe year beforeIn US dollars as filed. Hover a bar for its figure.
Income statement (profit and loss)
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Revenue | 10,346 | 9,735 |
| Cost of sales | 6,331 | 6,161 |
| Gross profit | 4,015 | 3,574 |
| Research and development | 2,350 | 2,352 |
| Selling, general and administrative | 1,175 | 1,210 |
| Operating profit | 476 | 46.0 |
| Profit before tax | 691 | 336 |
| Income tax | 149 | 181 |
| Profit for the year | 542 | 155 |
| Profit attributable to shareholders | 830 | 650 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
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A line the company does not file under the standard tag is left out rather than estimated.USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Cash from operations | 1,794 | 880 |
| Purchase of property, plant and equipment | 1,034 | n/a |
| Free cash flow | 760 | n/a |
| Cash from investing | -526 | -287 |
| Cash from financing | -876 | -529 |
| Depreciation and amortisation | 1,240 | 1,279 |
| Dividends paid | 212 | 327 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Funded by | ||
| Equity attributable to shareholders | 7,587 | 7,603 |
| Non-controlling interests | 910 | 393 |
| Other liabilities | 4,852 | 4,098 |
| Total equity and liabilities | 13,349 | 12,094 |
| Owned | ||
| Property, plant and equipment | 4,046 | 3,920 |
| Goodwill | 1,054 | 1,059 |
| Cash and cash equivalents | 1,892 | 1,912 |
| Trade and other receivables | 1,230 | 1,046 |
| Inventories | 1,497 | 1,531 |
| Other assets | 3,630 | 2,626 |
| Total assets | 13,349 | 12,094 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Gross margin | 38.8% | 36.7% |
| Operating margin | 4.6% | 0.5% |
| Net margin | 8.0% | 6.7% |
| Free cash flow margin | 7.3% | n/a |
| Return on year-end equity | 10.9% | 8.5% |
| Effective tax rate | 21.6% | 53.9% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
20-F for the year to 31 December 2011, filed 5 March 2014: the filing. The figures are in US dollars as filed.