2022 Q4 Form 20-F Financial Statement

#000156459023002312 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $8.745B $7.383B
YoY Change 29.5% 22.89%
Cost Of Revenue $4.704B $4.016B
YoY Change 19.51% 7.61%
Gross Profit $4.041B $3.367B
YoY Change 43.45% 47.93%
Gross Profit Margin 46.21% 45.6%
Selling, General & Admin $722.0M $706.0M
YoY Change 6.96% 9.63%
% of Gross Profit 17.87% 20.97%
Research & Development $685.0M $762.0M
YoY Change 5.71% 3.11%
% of Gross Profit 16.95% 22.63%
Depreciation & Amortization $790.0M $719.0M
YoY Change 15.16% 8.45%
% of Gross Profit 19.55% 21.35%
Operating Expenses $1.319B $1.368B
YoY Change 6.54% 5.15%
Operating Profit $2.722B $1.999B
YoY Change 72.39% 105.03%
Interest Expense -$69.00M $272.0M
YoY Change -82.66% -467.57%
% of Operating Profit -2.53% 13.61%
Other Income/Expense, Net $59.00M $7.000M
YoY Change -6000.0% -12.5%
Pretax Income $2.611B $2.235B
YoY Change 130.25% 151.12%
Income Tax $228.0M $289.0M
% Of Pretax Income 8.73% 12.93%
Net Earnings $2.378B $1.945B
YoY Change 152.98% 152.27%
Net Earnings / Revenue 27.19% 26.34%
Basic Earnings Per Share
Diluted Earnings Per Share $2.60 $2.137M
COMMON SHARES
Basic Shares Outstanding 903.9M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.518B $3.443B
YoY Change 28.5% -18.97%
Cash & Equivalents $3.258B $2.823B
Short-Term Investments $1.260B $415.0M
Other Short-Term Assets $734.0M $5.000M
YoY Change 12133.33% 150.0%
Inventory $2.583B $2.316B
Prepaid Expenses
Receivables $1.970B $2.074B
Other Receivables $678.0M $628.0M
Total Short-Term Assets $9.805B $8.466B
YoY Change 25.16% 0.4%
LONG-TERM ASSETS
Property, Plant & Equipment $8.201B $6.881B
YoY Change 41.93% 32.68%
Goodwill $297.0M
YoY Change -5.11%
Intangibles
YoY Change
Long-Term Investments $36.00M $35.00M
YoY Change -7.69% -5.41%
Other Assets $661.0M $1.014B
YoY Change -37.64% -0.69%
Total Long-Term Assets $10.18B $9.674B
YoY Change 18.63% 22.46%
TOTAL ASSETS
Total Short-Term Assets $9.805B $8.466B
Total Long-Term Assets $10.18B $9.674B
Total Assets $19.98B $18.14B
YoY Change 21.74% 11.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.122B $1.998B
YoY Change 34.13% 46.27%
Accrued Expenses $1.385B $658.0M
YoY Change 78.71% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $175.0M $133.0M
YoY Change 22.38% -85.82%
Total Short-Term Liabilities $3.837B $3.719B
YoY Change 29.41% -10.88%
LONG-TERM LIABILITIES
Long-Term Debt $2.542B $2.250B
YoY Change 6.32% -1.79%
Other Long-Term Liabilities $454.0M $1.047B
YoY Change -68.21% -17.04%
Total Long-Term Liabilities $3.387B $3.297B
YoY Change -11.31% -7.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.837B $3.719B
Total Long-Term Liabilities $3.387B $3.297B
Total Liabilities $7.224B $7.148B
YoY Change 4.76% -8.76%
SHAREHOLDERS EQUITY
Retained Earnings $8.713B
YoY Change 66.82%
Common Stock $3.788B
YoY Change 2.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $268.0M
YoY Change 34.0%
Treasury Stock Shares $7.416M
Shareholders Equity $12.69B $10.99B
YoY Change
Total Liabilities & Shareholders Equity $19.98B $18.14B
YoY Change 21.74% 11.07%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income $2.378B $1.945B
YoY Change 152.98% 152.27%
Depreciation, Depletion And Amortization $790.0M $719.0M
YoY Change 15.16% 8.45%
Cash From Operating Activities $3.379B $2.200B
YoY Change 70.23% 48.95%
INVESTING ACTIVITIES
Capital Expenditures $2.111B -$1.867B
YoY Change -272.33% 77.98%
Acquisitions
YoY Change
Other Investing Activities -$861.0M -$140.0M
YoY Change -515.94% -169.31%
Cash From Investing Activities -$2.972B -$2.007B
YoY Change 191.94% 136.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$173.0M
YoY Change -44.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -171.0M -385.0M
YoY Change -88.49% -429.06%
NET CHANGE
Cash From Operating Activities 3.379B 2.200B
Cash From Investing Activities -2.972B -2.007B
Cash From Financing Activities -171.0M -385.0M
Net Change In Cash 236.0M -192.0M
YoY Change -145.47% -125.7%
FREE CASH FLOW
Cash From Operating Activities $3.379B $2.200B
Capital Expenditures $2.111B -$1.867B
Free Cash Flow $1.268B $4.067B
YoY Change -60.5% 61.01%

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CY2022 us-gaap Nature Of Operations
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<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.99%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:18pt;font-weight:bold;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:3.99%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:18pt;font-weight:bold;font-style:normal;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:bold;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;">1.</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:18pt;font-weight:bold;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="font-weight:normal;color:#000000;"/><span style="color:#000000;">THE COMPANY </span></p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">STMicroelectronics N.V. (the “Company”) is registered in the Netherlands with its corporate legal seat in Amsterdam, the Netherlands, and its corporate headquarters located in Geneva, Switzerland. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is a global semiconductor company that designs, develops, manufactures and markets a broad range of products, including discrete and general purpose components, application-specific integrated circuits (“ASICs”), full-custom devices and semi-custom devices and application-specific standard products (“ASSPs”) for analog, digital and mixed-signal applications. In addition, the Company participates in the manufacturing value chain of smartcard products, which includes the production and sale of both silicon chips and smartcards. </p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.99%;white-space:nowrap" valign="top"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:3.99%;white-space:nowrap" valign="top"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2.2</span></p></td> <td valign="top"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> Use of estimates</p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions<span style="color:#000000;">. </span>The primary areas that require significant estimates and judgments by management include, but are not limited to:</p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>sales allowances and returns,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>inventory obsolescence reserves and normal manufacturing capacity thresholds to determine costs capitalized in inventory, </p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>recognition and measurement of loss contingencies,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>valuation at fair value of assets acquired and liabilities assumed on business acquisitions, and measurement of any contingent consideration,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>annual and trigger-based impairment review of goodwill and intangible assets, as well as the assessment of events which could trigger impairment testing on long-lived assets, </p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="text-decoration:none;Background-color:#auto;font-family:'Times New Roman';"/><span style="color:#000000;"/><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">assessment of the Company’s long-lived assets economic useful lives,</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>assumptions used in measuring expected credit losses and impairment charges on financial assets,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>assumptions used in assessing the number of awards expected to vest on stock-based compensation plans,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>assumptions used in calculating pension obligations and other long-term employee benefits,</p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:5.43%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#000000;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#000000;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/>determination of the amount of tax expected to be paid and tax benefit expected to be received, including deferred income tax assets, valuation allowance and provisions for uncertain tax positions and claims.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company bases the estimates and assumptions on historical experience and on various other factors such as market trends, market information used by market participants and the latest available business plans that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. While the Company regularly evaluates its estimates and assumptions, the actual results experienced by the Company could differ materially and adversely from those estimates<span style="color:#000000;">. </span></p>
CY2022 stm Sustainability Threshold For Uncertain Tax Position
SustainabilityThresholdForUncertainTaxPosition
0.50
CY2022 stm Cumulative Probability Threshold For Realization Of Income Tax Benefits
CumulativeProbabilityThresholdForRealizationOfIncomeTaxBenefits
0.50
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0
CY2022 us-gaap Depreciation
Depreciation
1113000000
CY2021 us-gaap Depreciation
Depreciation
952000000
CY2020 us-gaap Depreciation
Depreciation
844000000
CY2022 stm Capital Investment Funding
CapitalInvestmentFunding
25000000
CY2021 stm Capital Investment Funding
CapitalInvestmentFunding
13000000
CY2020 stm Capital Investment Funding
CapitalInvestmentFunding
10000000
CY2022 stm Reduction In Depreciation Charges Due To Public Funding
ReductionInDepreciationChargesDueToPublicFunding
56000000
CY2021 stm Reduction In Depreciation Charges Due To Public Funding
ReductionInDepreciationChargesDueToPublicFunding
61000000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
18000000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
14000000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
12000000
CY2020 stm Reduction In Depreciation Charges Due To Public Funding
ReductionInDepreciationChargesDueToPublicFunding
59000000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000
CY2022Q4 us-gaap Debt Securities
DebtSecurities
0
CY2022Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2022-01-01
CY2022Q1 stm Increase In Convertible Debt
IncreaseInConvertibleDebt
107000000
CY2022Q1 us-gaap Convertible Debt
ConvertibleDebt
1500000000
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6000000
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
15000000
CY2022Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
92000000
CY2022Q1 stm Decrease In Additional Paid In Capital
DecreaseInAdditionalPaidInCapital
117000000
CY2022Q1 stm Increase In Retained Earnings
IncreaseInRetainedEarnings
25000000
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6000000
CY2022Q1 stm Dilutive Effect Of Convertible Bonds Underlying Number Of Shares
DilutiveEffectOfConvertibleBondsUnderlyingNumberOfShares
33825000
CY2022Q4 stm Short Term Deposits
ShortTermDeposits
581000000
CY2021Q4 stm Short Term Deposits
ShortTermDeposits
291000000
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
687000000
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
8000000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
16000000
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
679000000
CY2020Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
133000000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
132000000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000000
CY2022 stm Marketable Securities Principal Amount Transferred To Short Term Securities Lending Transactions
MarketableSecuritiesPrincipalAmountTransferredToShortTermSecuritiesLendingTransactions
750000000
CY2021Q4 stm Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
55000000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
52000000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1991000000
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1778000000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
21000000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
19000000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1970000000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1759000000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19000000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
2000000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
21000000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
349000000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
223000000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1490000000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1235000000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
744000000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
514000000
CY2022Q4 us-gaap Inventory Net
InventoryNet
2583000000
CY2021Q4 us-gaap Inventory Net
InventoryNet
1972000000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
55000000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7000000
CY2022Q4 stm Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
191000000
CY2022Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
190000000
CY2021Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
296000000
CY2022Q4 stm Taxes And Other Government Receivables Current
TaxesAndOtherGovernmentReceivablesCurrent
270000000
CY2021Q4 stm Taxes And Other Government Receivables Current
TaxesAndOtherGovernmentReceivablesCurrent
119000000
CY2022Q4 stm Advances And Prepayments Current
AdvancesAndPrepaymentsCurrent
125000000
CY2021Q4 stm Advances And Prepayments Current
AdvancesAndPrepaymentsCurrent
118000000
CY2022Q4 stm Loans And Deposits Current
LoansAndDepositsCurrent
10000000
CY2021Q4 stm Loans And Deposits Current
LoansAndDepositsCurrent
8000000
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
22000000
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1000000
CY2022Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
56000000
CY2021Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
6000000
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
61000000
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
33000000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
734000000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
581000000
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
346000000
CY2022Q4 stm Advance From Government Grants
AdvanceFromGovernmentGrants
88000000
CY2022Q4 stm Capital Investment Grants
CapitalInvestmentGrants
95000000
CY2022 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
177000000
CY2021Q4 stm Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
148000000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
141000000
CY2020 stm Impairment Of Long Lived Assets
ImpairmentOfLongLivedAssets
0
CY2022 stm Impairment Of Long Lived Assets
ImpairmentOfLongLivedAssets
0
CY2021 stm Impairment Of Long Lived Assets
ImpairmentOfLongLivedAssets
0
CY2020Q4 us-gaap Goodwill
Goodwill
330000000
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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