STMicroelectronics Reports Q4 and FY 2019 Financial Results

Gross profit totaled $1.08 billion, representing a year-over-year increase of 2.0%. Gross margin of 39.3% decreased 70 basis points year-over-year, mainly impacted by price pressure and unsaturation charges. Fourth quarter gross margin was 110 basis points higher than the mid-point of the Company’s guidance, mainly due to better than expected manufacturing efficiencies and improved product mix. Fourth quarter gross margin included about 100 basis points of unsaturation charges.

Operating income increased 3.7% to $460 million, compared to $443 million in the year-ago quarter. The Company’s operating margin decreased 10 basis points on a year-over-year basis to 16.7% of net revenues, compared to 16.8% in the 2018 fourth quarter.

By product group, compared with the year-ago quarter:

Automotive and Discrete Group (ADG):

  • Revenue decreased in both Automotive and Power Discrete.
  • Operating profit decreased by 19.9% to $113 million. Operating margin was 12.2% compared to 14.6%.

Analog, MEMS and Sensors Group (AMS):

  • Revenue increased in Analog, Imaging and MEMS.
  • Operating profit increased by 39.1% to $281 million. Operating margin was 25.9% compared to 20.5%.

Microcontrollers and Digital ICs Group (MDG):

  • Revenue increased in Microcontrollers and was substantially flat in Digital ICs.
  • Operating profit decreased by 2.5% to $119 million. Operating margin was 16.0% compared to 17.7%.

Net income and diluted earnings per share decreased to $392 million and $0.43, respectively, compared to $418 million and $0.46, respectively, in the year-ago quarter.

Cash Flow and Balance Sheet Highlights

        Trailing 12 Months
(US$ m) Q4 2019 Q3 2019 Q4 2018 Q4 2019 Q4 2018 TTM Change
Net cash from operating activities 775 429 656 1,869 1,845 1.3%
Free cash flow (non-U.S. GAAP) 461 170 363 497 533 (6.8)%

Capital expenditure payments, net of proceeds from sales, were $236 million in the fourth quarter and $1.17 billion for 2019. In the year-ago quarter, capital expenditures, net, were $279 million.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
GIS Business Development Professional for Surveying And Mapping, LLC at , Any State in the USA
GIS Developer for City of Ithaca at ithaca, New York
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Senior Highway Engineer for RS&H at Jacksonville, Florida
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Upcoming Events
Esri Infrastructure Management & GIS Conference at palm springs CA - Oct 25 - 28, 2021
URISA GIS Leadership Academy at Online Event IL - Nov 8 - 12, 2021
Geomatics Atlantic 2021 at Halifax World Trade and Convention Centre Halifax Nova Scotia Canada - Nov 8 - 9, 2021
GeoMundus 2021: 13th GeoMundus Conference at Lisbon Portugal - Nov 26 - 27, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise