2022 Sustainability Report | 2021 performance

Business indicators

Business indicators

This section includes indicators and GRI standard disclosures.

ST key figures I 102-7 I 201-1 I

2017

2018

2019

2020

2021

Net revenues (US$m)

8,347

9,664

9,556

10,219

12,761

Gross profit (US$m)

3,272

3,861

3,696

3,789

5,326

Gross profit as a percentage of sales (%)

39.2%

40.0%

38.7%

37.1%

41.7%

Net earnings (US$m)

802

1,287

1,032

1,106

2,000

Diluted earnings per share (US$)

0.89

1.41

1.14

1.20

2.16

Market share versus TAM (%) (Total Available Market)

2.02%

2.06%

2.32%

2.32%

2.30%
Operating income and cash flow (US$m) I 201-1 I

2017

2018

2019

2020

2021

Operating income

1,005

1,400

1,203

1,323

2,419

Net operating cash flow

308

533

497

627

1,120
Net revenues by location of order shipment(1) (%) I 102-6 I 102-7 I 201-1 I

2017

2018

2019

2020(2)

2021

Americas

13

13

14

11

12

Asia Pacific

61

61

62

69

68

EMEA

26

26

24

19

20

(1)

Net revenues by location of order shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand. For example, products ordered by US-based companies to be invoiced to Asia Pacific affiliates are classified as Asia Pacific revenues. Furthermore, the comparison among the different periods may be affected by shifts in shipment from one location to another, as requested by our customers.

(2)

The sums may not add up to 100% due to rounding of the figures.
ST sales by market channel(1) (%) I 102-6 I

2017

2018

2019

2020

2021

OEM

66

65

70

73

66

Distribution

34

35

30

27

34

(1)

Original Equipment Manufacturers (OEM) are the end-customers to which we provide direct marketing application engineering support, while Distribution customers refers to the distributors and representatives that we engage to sell our products around the world.
Dividends paid (US$m) I 201-1 I

2017

2018

2019

2020

2021

Dividends

214

216

214

168

205
Taxes (US$m) I 201-1 I

2017

2018

2019

2020

2021

Tax expense for the year

86

95

165

174

311
ST new patents filed SDG 9.5

2017

2018

2019

2020

2021

Total

509

549

588

557

543
Research partnerships SDG 9.5

2017

2018

2019

2020

2021

Contracts with higher education institutions or research labs

234

160

138

143

187
On-time delivery

2017

2018

2019

2020

2021

Delivery date in line with customer request

85

88

105

79

67

Delivery date in line with ST commitment

89

92

103

90

80

Baseline 100 in 2016.
ST site certifications
ST is ISO 9001 certified Company-wide

ISO 45001
Health & Safety

ISO 14001
Environ­ment

EMAS
Environment
performance
disclosure

ISO 14064
GHG Emissions

ISO 50001
Energy

ISO 22301
Business Continuity

IATF 16949

Main manufacturing sites

Agrate

Ang Mo Kio

Bouskoura

Calamba

Catania

Crolles

Kirkop

Muar

Rousset

Shenzhen

Tours

Other sites

Castelletto

Geneva

Greater Noida

Grenoble

Le Mans

Loyang

Marcianise

Napoli

Rennes(1)

Toa Payoh

Total

19

17

13

13

11

18

20

(1)

Rennes Space & High-Reliability Products.
ECOPACK® labelling (%) I 417-1 I

2017

2018

2019

2020

2021

Non ECOPACK®

0.2

0.2

0.2

0.1

0.2

ECOPACK® 1: Compliant with the RoHS/ELV directives, second level interconnect lead-free(1)

6.7

6.8

6.3

4.2

3.9

ECOPACK® 2: as ECOPACK® 1, plus free of brominated, chlorinated and antimony oxide flame retardants

86.0

85.1

85.2

88.4

87.4

ECOPACK® 3: as ECOPACK® 2, plus free of halogens with no RoHS exemptions

7.1

8.0

8.3

7.3

8.5

(1)

Including exemptions for the RoHS directive to ensure reliability for soldering at higher temperature, necessary mainly for the automotive market.

This section includes indicators and GRI standard disclosures.

ST key figures I 102-7 I 201-1 I

2017

2018

2019

2020

2021

Net revenues (US$m)

8,347

9,664

9,556

10,219

12,761

Gross profit (US$m)

3,272

3,861

3,696

3,789

5,326

Gross profit as a percentage of sales (%)

39.2%

40.0%

38.7%

37.1%

41.7%

Net earnings (US$m)

802

1,287

1,032

1,106

2,000

Diluted earnings per share (US$)

0.89

1.41

1.14

1.20

2.16

Market share versus TAM (%) (Total Available Market)

2.02%

2.06%

2.32%

2.32%

2.30%
Operating income and cash flow (US$m) I 201-1 I

2017

2018

2019

2020

2021

Operating income

1,005

1,400

1,203

1,323

2,419

Net operating cash flow

308

533

497

627

1,120
Net revenues by location of order shipment(1) (%) I 102-6 I 102-7 I 201-1 I

2017

2018

2019

2020(2)

2021

Americas

13

13

14

11

12

Asia Pacific

61

61

62

69

68

EMEA

26

26

24

19

20

(1)

Net revenues by location of order shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand. For example, products ordered by US-based companies to be invoiced to Asia Pacific affiliates are classified as Asia Pacific revenues. Furthermore, the comparison among the different periods may be affected by shifts in shipment from one location to another, as requested by our customers.

(2)

The sums may not add up to 100% due to rounding of the figures.
ST sales by market channel(1) (%) I 102-6 I

2017

2018

2019

2020

2021

OEM

66

65

70

73

66

Distribution

34

35

30

27

34

(1)

Original Equipment Manufacturers (OEM) are the end-customers to which we provide direct marketing application engineering support, while Distribution customers refers to the distributors and representatives that we engage to sell our products around the world.
Dividends paid (US$m) I 201-1 I

2017

2018

2019

2020

2021

Dividends

214

216

214

168

205
Taxes (US$m) I 201-1 I

2017

2018

2019

2020

2021

Tax expense for the year

86

95

165

174

311
ST new patents filed SDG 9.5

2017

2018

2019

2020

2021

Total

509

549

588

557

543
Research partnerships SDG 9.5

2017

2018

2019

2020

2021

Contracts with higher education institutions or research labs

234

160

138

143

187
On-time delivery

2017

2018

2019

2020

2021

Delivery date in line with customer request

85

88

105

79

67

Delivery date in line with ST commitment

89

92

103

90

80

Baseline 100 in 2016.
ECOPACK® labelling (%) I 417-1 I

2017

2018

2019

2020

2021

Non ECOPACK®

0.2

0.2

0.2

0.1

0.2

ECOPACK® 1: Compliant with the RoHS/ELV directives, second level interconnect lead-free(1)

6.7

6.8

6.3

4.2

3.9

ECOPACK® 2: as ECOPACK® 1, plus free of brominated, chlorinated and antimony oxide flame retardants

86.0

85.1

85.2

88.4

87.4

ECOPACK® 3: as ECOPACK® 2, plus free of halogens with no RoHS exemptions

7.1

8.0

8.3

7.3

8.5

(1)

Including exemptions for the RoHS directive to ensure reliability for soldering at higher temperature, necessary mainly for the automotive market.
ST site certifications
ST is ISO 9001 certified Company-wide

ISO 45001
Health & Safety

ISO 14001
Environ­ment

EMAS
Environment
performance
disclosure

ISO 14064
GHG Emissions

ISO 50001
Energy

ISO 22301
Business Continuity

IATF 16949

Main manufacturing sites

Agrate

Ang Mo Kio

Bouskoura

Calamba

Catania

Crolles

Kirkop

Muar

Rousset

Shenzhen

Tours

Other sites

Castelletto

Geneva

Greater Noida

Grenoble

Le Mans

Loyang

Marcianise

Napoli

Rennes(1)

Toa Payoh

Total

19

17

13

13

11

18

20

(1)

Rennes Space & High-Reliability Products.