$STMEF

STMICROELECTRONICS NV

CIK:0000932787|SEC Filings

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Net revenues	$ 11,800	$ 13,269	$ 17,286
Cost of sales	(7,801)	(8,049)	(8,999)
Gross profit	3,999	5,220	8,287
Selling, general and administrative expenses	(1,632)	(1,649)	(1,631)
Research and development expenses	(2,044)	(2,077)	(2,100)
Other income and expenses, net	228	182	55
Impairment, restructuring charges and other related phase-out costs	(376)	0	0
Operating income	175	1,676	4,611
Interest income, net	168	218	171
Other components of pension benefit costs	(19)	(15)	(19)
Gain (loss) on financial instruments, net	76	(1)	0
Income (loss) before income tax benefit (expense)	400	1,878	4,763
Income tax expense	(220)	(313)	(541)
Net income	180	1,565	4,222
Net income attributable to noncontrolling interest	(14)	(8)	(11)
Net income attributable to parent company stockholders	$ 166	$ 1,557	$ 4,211
Earnings per share (basic) attributable to parent company stockholders (in usd per share)	$ 0.19	$ 1.73	$ 4.66
Earnings per share (diluted) attributable to parent company stockholders (in usd per share)	$ 0.18	$ 1.66	$ 4.46
Net sales
Net revenues	$ 11,754	$ 13,217	$ 17,239
Other revenues
Net revenues	$ 46	$ 52	$ 47

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 180	$ 1,565	$ 4,222
Items to reconcile net income and cash flows from operating activities:
Depreciation and amortization	1,854	1,760	1,561
Amortization of issuance costs on convertible bonds	1	1	1
(Gain) Loss on financial instruments, net	(76)	1	0
Non-cash stock-based compensation	193	222	236
Other non-cash items	(100)	(213)	(125)
Deferred income tax	17	124	19
Impairment losses, non-cash restructuring charges and other related phase-out costs	226	0	0
Changes in assets and liabilities:
Trade receivables, net	5	(32)	229
Inventories	(172)	(167)	(72)
Trade payables	83	(35)	(238)
Other assets and liabilities, net	(59)	(261)	159
Net cash from operating activities	2,152	2,965	5,992
Cash flows used in investing activities:
Payment for purchase of tangible assets	(2,111)	(3,088)	(4,439)
Proceeds from capital grants and other contributions	258	441	320
Proceeds from sale of tangible assets	9	5	8
Payment for purchase of marketable securities	(354)	(2,980)	(1,653)
Proceeds from matured marketable securities	1,900	2,251	750
Net proceeds from (investment in) short-term deposits	350	(225)	(645)
Payment for purchase of intangible assets	(93)	(93)	(97)
Net payment for purchase of financial assets	(2)	(53)	(10)
Net cash used in investing activities	(43)	(3,742)	(5,766)
Cash flows from (used in) financing activities:
Proceeds from long-term debt	0	300	329
Repayment of issued convertible bonds	(750)	0	0
Repayment of long-term debt	(239)	(203)	(169)
Repurchase of common stock	(367)	(359)	(346)
Dividends paid to stockholders	(321)	(288)	(223)
Dividends paid to noncontrolling interest	(4)	(5)	(6)
Proceeds from noncontrolling interest	156	104	52
Proceeds from advances on capital grants	0	344	152
Payment for withholding tax on vested shares	(23)	(44)	(54)
Other financing activities	(12)	(4)	(2)
Net cash used in financing activities	(1,560)	(155)	(267)
Effect of changes in exchange rates	6	(8)	5
Net cash increase (decrease)	555	(940)	(36)
Cash and cash equivalents at beginning of the period	2,282	3,222	3,258
Cash and cash equivalents at end of the period	2,837	2,282	3,222
Supplemental cash information:
Interest paid	54	67	31
Income tax paid	$ 141	$ 197	$ 489

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,837	$ 2,282
Short-term deposits	1,100	1,450
Marketable securities	985	2,452
Trade accounts receivable, net	1,745	1,749
Inventories	3,136	2,794
Other current assets	1,468	1,007
Total current assets	11,271	11,734
Goodwill	315	290
Other intangible assets, net	324	346
Property, plant and equipment, net	11,058	10,877
Non-current deferred tax assets	408	464
Long-term investments	152	71
Other non-current assets	1,272	961
Total assets	24,800	24,743
Current liabilities:
Short-term debt	298	990
Trade accounts payable	1,487	1,323
Other payables and accrued liabilities	1,440	1,306
Dividends payable to stockholders	89	88
Accrued income tax	37	66
Total current liabilities	3,351	3,773
Long-term debt	1,835	1,963
Post-employment benefit obligations	403	377
Long-term deferred tax liabilities	60	47
Other long-term liabilities	926	904
Total liabilities	6,575	7,064
Equity, Attributable to Parent [Abstract]
Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 888,768,152 shares outstanding as of December 31, 2025)	1,157	1,157
Additional paid-in-capital	3,281	3,088
Retained earnings	13,082	13,459
Accumulated other comprehensive income	945	236
Treasury stock	(637)	(491)
Total parent company stockholders' equity	17,828	17,449
Noncontrolling interest	397	230
Total stockholders' equity	18,225	17,679
Total liabilities and stockholders' equity	$ 24,800	$ 24,743