Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated January 7, 2019. The document serves as a disclosure of transactions in the company's own shares under its common share repurchase program. The specific reporting period for the disclosed activity is January 2, 2019, to January 4, 2019.
Key Financial Metrics
The filing details specific share repurchase activity rather than full financial statements for a fiscal period. Key metrics include:
- Shares Repurchased: 308,695 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 3,492,568.19.
- Weighted Average Price: EUR 11.3140 per share.
- Treasury Shares Held: 13,160,535 shares (approximately 1.4% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2017 net revenues were $8.35 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
The filing does not report material changes to the company's financial condition or operations compared to a prior comparable period. It solely reports the execution of share buybacks during the specified three-day window.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of specific risks and contingencies. It references the company's general business as a global semiconductor leader serving over 100,000 customers. The repurchase program was previously approved by a shareholder resolution on May 31, 2018.
Investor Verification Checklist
- Verify the total number of treasury shares held (13,160,535) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buyback program approved in May 2018.
- Review the detailed trade breakdown on the company's investor website as referenced in the filing.
- Check subsequent filings for updated 2018 or 2019 financial results, as this document only cites 2017 revenue.