The GEO Group Amends Senior Revolving Credit Facility
Prior to the closing of the Amendment, GEO repaid $132 million of the Term Loan B outstanding under the Credit Agreement. Further, as previously disclosed, GEO expects to use net proceeds from the sale of the GEO-owned Lawton Correctional Facility in Oklahoma, which is expected to close on July 25, 2025, to pay off additional senior secured debt, including the remaining balance of the Term Loan B outstanding under the Credit Agreement. These two transactions are expected to reduce GEO's total net debt to approximately $1.47 billion and position GEO to consider potential future capital returns.
George C. Zoley, Executive Chairman of GEO, said, 'We are pleased with this recent amendment to upsize and extend our Revolving Credit Facility, which is an important step to position our Company to consider potential future capital returns and support our future financial needs. This transaction also shows the growing support we are receiving from our existing and new banking partners. Our management team and Board of Directors remain focused on the disciplined allocation of capital to enhance long-term value for our shareholders.'
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 19,000 employees.
Use of forward-looking statements
This news release may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law.
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Corporate developments On May 28, 2025, STMicroelectronics held its 2025 Annual General Meeting of Shareholders in Amsterdam, the Netherlands. All proposed resolutions were approved by the Shareholders. Business Outlook ST's guidance, at the mid-point, for the 2025 third quarter is: Net revenues are expected to be $3.17 billion, an increase of 14.6% sequentially, plus or minus 350 basis points. Gross margin of 33.5%, plus or minus 200 basis points. This outlook is based on an assumed effective currency exchange rate of approximately $1.14 = €1.00 for the 2025 third quarter and includes the impact of existing hedging contracts. The third quarter will close on September 27, 2025. This business outlook does not include any impact of potential further changes to global trade tariffs compared to the current situation. Conference Call and Webcast Information ST will conduct a conference call with analysts, investors and reporters to discuss its second quarter 2025 financial results and current business outlook today at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET). A live webcast (listen-only mode) of the conference call will be accessible at ST's website, and will be available for replay until August 8, 2025. Use of Supplemental Non-U.S. GAAP Financial Information This press release contains supplemental non-U.S. GAAP financial information. Readers are cautioned that these measures are unaudited and not prepared in accordance with U.S. GAAP and should not be considered as a substitute for U.S. GAAP financial measures. In addition, such non-U.S. GAAP financial measures may not be comparable to similarly titled information from other companies. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with ST's consolidated financial statements prepared in accordance with U.S. GAAP. See the Appendix of this press release for a reconciliation of ST's non-U.S. GAAP financial measures to their corresponding U.S. GAAP financial measures. Forward-looking Information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those anticipated by such statements due to, among other factors: changes in global trade policies, including the adoption and expansion of tariffs and trade barriers, that could affect the macro-economic environment and may directly or indirectly adversely impact the demand for our products; uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which may impact production capacity and end-market demand for our products; customer demand that differs from projections which may require us to undertake transformation measures that may not be successful in realizing the expected benefits in full or at all; the ability to design, manufacture and sell innovative products in a rapidly changing technological environment; changes in economic, social, public health, labor, political, or infrastructure conditions in the locations where we, our customers, or our suppliers operate, including as a result of macro-economic or regional events, geopolitical and military conflicts, social unrest, labor actions, or terrorist activities; unanticipated events or circumstances, which may impact our ability to execute our plans and/or meet the objectives of our R&D and manufacturing programs, which benefit from public funding; financial difficulties with any of our major distributors or significant curtailment of purchases by key customers; the loading, product mix, and manufacturing performance of our production facilities and/or our required volume to fulfill capacity reserved with suppliers or third-party manufacturing providers; availability and costs of equipment, raw materials, utilities, third-party manufacturing services and technology, or other supplies required by our operations (including increasing costs resulting from inflation); the functionalities and performance of our IT systems, which are subject to cybersecurity threats and which support our critical operational activities including manufacturing, finance and sales, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; theft, loss, or misuse of personal data about our employees, customers, or other third parties, and breaches of data privacy legislation; the impact of IP claims by our competitors or other third parties, and our ability to obtain required licenses on reasonable terms and conditions; changes in our overall tax position as a result of changes in tax rules, new or revised legislation, the outcome of tax audits or changes in international tax treaties which may impact our results of operations as well as our ability to accurately estimate tax credits, benefits, deductions and provisions and to realize deferred tax assets; variations in the foreign exchange markets and, more particularly, the U.S. dollar exchange rate as compared to the Euro and the other major currencies we use for our operations; the outcome of ongoing litigation as well as the impact of any new litigation to which we may become a defendant; product liability or warranty claims, claims based on epidemic or delivery failure, or other claims relating to our products, or recalls by our customers for products containing our parts; natural events such as severe weather, earthquakes, tsunamis, volcano eruptions or other acts of nature, the effects of climate change, health risks and epidemics or pandemics in locations where we, our customers or our suppliers operate; increased regulation and initiatives in our industry, including those concerning climate change and sustainability matters and our goal to become carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027; epidemics or pandemics, which may negatively impact the global economy in a significant manner for an extended period of time, and could also materially adversely affect our business and operating results; industry changes resulting from vertical and horizontal consolidation among our suppliers, competitors, and customers; the ability to successfully ramp up new programs that could be impacted by factors beyond our control, including the availability of critical third-party components and performance of subcontractors in line with our expectations; and individual customer use of certain products, which may differ from the anticipated uses of such products and result in differences in performance, including energy consumption, may lead to a failure to achieve our disclosed emission-reduction goals, adverse legal action or additional research costs. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'are expected to', 'should', 'would be', 'seeks' or 'anticipates' or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions. Some of these risk factors are set forth and are discussed in more detail in 'Item 3. Key Information — Risk Factors' included in our Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission ('SEC') on February 27, 2025. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this press release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Unfavorable changes in the above or other factors listed under 'Item 3. Key Information — Risk Factors' from time to time in our Securities and Exchange Commission ('SEC') filings, could have a material adverse effect on our business and/or financial condition. About STMicroelectronics At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at For further information, please contact: INVESTOR RELATIONS:Jérôme RamelEVP Corporate Development & Integrated External Communication Tel: +41 22 929 59 20 MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 STMicroelectronics N.V. CONSOLIDATED STATEMENTS OF INCOME (in millions of U.S. dollars, except per share data ($)) Three months ended June 28, June 29, 2025 2024 (Unaudited) (Unaudited) Net sales 2,745 3,227 Other revenues 21 5 NET REVENUES 2,766 3,232 Cost of sales (1,840) (1,936) GROSS PROFIT 926 1,296 Selling, general and administrative expenses (420) (419) Research and development expenses (514) (535) Other income and expenses, net 65 33 Impairment, restructuring charges and other related phase-out costs (190) - Total operating expenses (1,059) (921) OPERATING INCOME (LOSS) (133) 375 Interest income, net 45 51 Other components of pension benefit costs (5) (4) Loss on financial instruments, net (19) (1) INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST (112) 421 Income tax benefit (expense) 18 (67) NET INCOME (LOSS) (94) 354 Net income attributable to noncontrolling interest (3) (1) NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (97) 353 EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (0.11) 0.39 EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (0.11) 0.38 NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 893.9 941.1 STMicroelectronics N.V. CONSOLIDATED STATEMENTS OF INCOME (in millions of U.S. dollars, except per share data ($)) Six months ended June 28, June 29, 2025 2024 (Unaudited) (Unaudited) Net sales 5,257 6,670 Other revenues 26 27 NET REVENUES 5,283 6,697 Cost of sales (3,516) (3,958) GROSS PROFIT 1,767 2,739 Selling, general and administrative expenses (810) (844) Research and development expenses (1,004) (1,063) Other income and expenses, net 115 93 Impairment, restructuring charges and other related phase-out costs (198) - Total operating expenses (1,897) (1,814) OPERATING INCOME (LOSS) (130) 925 Interest income, net 93 111 Other components of pension benefit costs (9) (8) Gain (loss) on financial instruments, net 6 (1) INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST (40) 1,027 Income tax benefit (expense) 4 (159) NET INCOME (LOSS) (36) 868 Net income attributable to noncontrolling interest (5) (3) NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (41) 865 EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (0.05) 0.96 EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS (0.05) 0.92 NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 894.9 941.8 STMicroelectronics N.V. CONSOLIDATED BALANCE SHEETS As at June 28, March 29, December 31, In millions of U.S. dollars 2025 2025 2024 (Unaudited) (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents 1,616 1,781 2,282 Short-term deposits 1,650 1,650 1,450 Marketable securities 2,363 2,528 2,452 Trade accounts receivable, net 1,352 1,385 1,749 Inventories 3,273 3,014 2,794 Other current assets 1,267 1,050 1,007 Total current assets 11,521 11,408 11,734 Goodwill 313 299 290 Other intangible assets, net 342 338 346 Property, plant and equipment, net 11,437 11,178 10,877 Non-current deferred tax assets 558 490 464 Long-term investments 77 96 71 Other non-current assets 1,215 1,114 961 13,942 13,515 13,009 Total assets 25,463 24,923 24,743 LIABILITIES AND EQUITY Current liabilities: Short-term debt 1,006 988 990 Trade accounts payable 1,451 1,373 1,323 Other payables and accrued liabilities 1,386 1,290 1,306 Dividends payable to stockholders 257 16 88 Accrued income tax 104 72 66 Total current liabilities 4,204 3,739 3,773 Long-term debt 1,951 1,889 1,963 Post-employment benefit obligations 428 392 377 Long-term deferred tax liabilities 48 48 47 Other long-term liabilities 848 896 904 3,275 3,225 3,291 Total liabilities 7,479 6,964 7,064 Commitment and contingencies Equity Parent company stockholders' equity 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, 894,759,029 shares outstanding as of June 28, 2025) 1,157 1,157 1,157 Additional Paid-in Capital 3,187 3,142 3,088 Retained earnings 12,911 13,514 13,459 Accumulated other comprehensive income 983 495 236 Treasury stock (490) (582) (491) Total parent company stockholders' equity 17,748 17,726 17,449 Noncontrolling interest 236 233 230 Total equity 17,984 17,959 17,679 Total liabilities and equity 25,463 24,923 24,743 STMicroelectronics N.V. SELECTED CASH FLOW DATA Cash Flow Data (in US$ millions) Q2 2025 Q1 2025 Q2 2024 Net Cash from operating activities 354 574 702 Net Cash used in investing activities (332) (796) (628) Net Cash used in financing activities (191) (282) (112) Net Cash decrease (165) (501) (41) Selected Cash Flow Data (in US$ millions) Q2 2025 Q1 2025 Q2 2024 Depreciation & amortization 464 428 439 Net payment for Capital expenditures (481) (538) (546) Dividends paid to stockholders (81) (72) (73) Change in inventories, net (140) (172) (136) AppendixSTChanges to reportable segments Following ST's reorganization announced in January 2024 into two Product Groups and four reportable segments, we have made further progress in analyzing our global product portfolio, resulting in the following adjustments to our segments, effective starting January 1, 2025, without modifying subtotals at Product Group level: In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: The transfer of VIPower products from Power and Discrete products ('P&D') reportable segment to Analog products, MEMS and Sensors ('AM&S') reportable segment. In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: the newly created 'Embedded Processing' ('EMP') reportable segment includes the former 'MCU' segment (excluding the RF ASICs mentioned below) as well as Custom Processing products (Automotive ADAS products). the newly created 'RF & Optical Communications' ('RF&OC') reportable segment includes the former 'D&RF' segment (excluding Automotive ADAS products) as well as some RF ASICs which were previously part of the former 'MCU' segment. We believe these adjustments are critical for implementing synergies and optimizing resources, which are necessary to fully deliver the benefits expected from our new organization. Our four reportable segments - within each Product Group - are now as follows: In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: Analog products, MEMS and Sensors ('AM&S') reportable segment, comprised of ST analog products (now including VIPower products), MEMS sensors and actuators, and optical sensing solutions. Power and Discrete products ('P&D') reportable segment, comprised of discrete and power transistor products (now excluding VIPower products). In this Press Release, 'Analog' refers to analog products, 'MEMS' to MEMS sensors and actuators and 'Imaging' to optical sensing solutions. In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: Embedded Processing ('EMP') reportable segment, comprised of general-purpose and automotive microcontrollers, connected security products and Custom Processing Products (Automotive ADAS) RF & Optical Communications ('RF&OC') reportable segment, comprised of Space, Ranging & Connectivity products, Digital Audio & Signaling Solutions and Optical & RF COT. In this Press release, 'GPAM' refers to General purpose & automotive microcontrollers, 'Connected Security' to connected security products, 'Custom Processing' to automotive ADAS products. Prior year comparative periods have been adjusted accordingly. (Appendix – continued)ST Supplemental Financial Information Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Net Revenues By Market Channel (%) Total OEM 72% 71% 73% 76% 73% Distribution 28% 29% 27% 24% 27% €/$ Effective Rate 1.09 1.06 1.09 1.08 1.08 Reportable Segment Data (US$ m) Analog products, MEMS and Sensors (AM&S) segment - Net Revenues 1,133 1,069 1,348 1,340 1,336 - Operating Income 85 82 220 216 193 Power and Discrete products (P&D) segment - Net Revenues 447 397 602 652 576 - Operating Income (Loss) (56) (28) 45 80 61 Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group - Net Revenues 1,580 1,466 1,950 1,992 1,912 - Operating Income 29 54 265 296 254 Embedded Processing (EMP) segment - Net Revenues 847 742 1,002 898 906 - Operating Income 114 66 181 146 126 RF & Optical Communications (RF&OC) segment - Net Revenues 336 306 366 357 410 - Operating Income 60 43 95 84 96 Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group - Net Revenues 1,183 1,048 1,368 1,255 1,316 - Operating Income 174 109 276 230 222 Others (a) - Net Revenues 3 3 3 4 4 - Operating Income (Loss) (336) (160) (172) (145) (101) Total - Net Revenues 2,766 2,517 3,321 3,251 3,232 - Operating Income (Loss) (133) 3 369 381 375 (a) Net revenues of Others include revenues from sales assembly services and other revenues. Operating income (loss) of Others include items such as unused capacity charges, including incidents leading to power outage, impairment, restructuring charges and other related phase-out costs, management reorganization costs, start-up costs, and other unallocated income (expenses) such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to reportable segments, as well as operating earnings of other products. Others includes: (US$ m) Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 (Appendix – continued)STSupplemental Non-U.S. GAAP Financial InformationU.S. GAAP – Non-U.S. GAAP Reconciliation The supplemental non-U.S. GAAP information presented in this press release is unaudited and subject to inherent limitations. Such non-U.S. GAAP information is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for U.S. GAAP measurements. Also, our supplemental non-U.S. GAAP financial information may not be comparable to similarly titled non-U.S. GAAP measures used by other companies. Further, specific limitations for individual non-U.S. GAAP measures, and the reasons for presenting non-U.S. GAAP financial information, are set forth in the paragraphs below. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP. ST believes that these non-U.S. GAAP financial measures provide useful information for investors and management because they offer, when read in conjunction with ST's U.S. GAAP financials, (i) the ability to make more meaningful period-to-period comparisons of ST's on-going operating results, (ii) the ability to better identify trends in ST's business and perform related trend analysis, and (iii) to facilitate a comparison of ST's results of operations against investor and analyst financial models and valuations, which may exclude these items. Non-U.S. GAAP Operating Income, Non-U.S. GAAP Net Earnings and Non-U.S. GAAP Earnings Per Share (non-U.S. GAAP measures) Operating income before impairment and restructuring charges and one-time items is used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items, such as impairment, restructuring charges and other related phase-out costs. Adjusted net earnings and earnings per share (EPS) are used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items like impairment, restructuring charges and other related phase-out costs attributable to ST and other one-time items, net of the relevant tax impact. Q2 2025(US$ m, except per share data) Gross Profit Operating Income (Loss) Net Earnings Corresponding Diluted EPS U.S. GAAP 926 (133) (97) (0.11) Impairment, restructuring charges and other related phase-out costs - 190 190 Estimated income tax effect - - (36) Non-U.S. GAAP 926 57 57 0.06H1 2025(US$ m, except per share data) Gross Profit Operating Income (Loss) Net Earnings Corresponding Diluted EPS U.S. GAAP 1,767 (130) (41) (0.05) Impairment, restructuring charges and other related phase-out costs - 198 198 Estimated income tax effect - - (37) Non-U.S. GAAP 1,767 68 120 0.13 (Appendix – continued) Net Financial Position and Adjusted Net Financial Position (non-U.S. GAAP measures) Net Financial Position, a non-U.S. GAAP measure, represents the difference between our total liquidity and our total financial debt. Our total liquidity includes cash and cash equivalents, restricted cash, if any, short-term deposits, and marketable securities, and our total financial debt includes short-term debt and long-term debt, as reported in our Consolidated Balance Sheets. ST also presents adjusted net financial position as a non-U.S. GAAP measure, to take into consideration the effect on total liquidity of advances received on capital grants for which capital expenditures have not been incurred yet. ST believes its Net Financial Position and Adjusted Net Financial Position provide useful information for investors and management because they give evidence of our global position either in terms of net indebtedness or net cash by measuring our capital resources based on cash and cash equivalents, restricted cash, if any, short-term deposits and marketable securities and the total level of our financial debt. Our definitions of Net Financial Position and Adjusted Net Financial Position may differ from definitions used by other companies, and therefore, comparability may be limited. (US$ m) Jun 282025 Mar 292025 Dec 312024 Sep 282024 Jun 292024 Cash and cash equivalents 1,616 1,781 2,282 3,077 3,092 Short term deposits 1,650 1,650 1,450 977 975 Marketable securities 2,363 2,528 2,452 2,242 2,218 Total liquidity 5,629 5,959 6,184 6,296 6,285 Short-term debt (1,006) (988) (990) (1,003) (236) Long-term debt (a) (1,951) (1,889) (1,963) (2,112) (2,850) Total financial debt (2,957) (2,877) (2,953) (3,115) (3,086) Net Financial Position (non-U.S. GAAP) 2,672 3,082 3,231 3,181 3,199 Advances received on capital grants (361) (377) (385) (366) (402) Adjusted Net Financial Position (non-U.S. GAAP) 2,311 2,705 2,846 2,815 2,797 (a) Long-term debt contains standard conditions but does not impose minimum financial ratios. Committed credit facilities for $639 million equivalent, are currently undrawn. (Appendix – continued) Net Capex and Free Cash Flow (non-U.S. GAAP measures) ST presents Net Capex as a non-U.S. GAAP measure, which is reported as part of our Free Cash Flow (non-U.S. GAAP measure), to take into consideration the effect of advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period. Net Capex, a non-U.S. GAAP measure, is defined as (i) Payment for purchase of tangible assets, as reported plus (ii) Proceeds from sale of tangible assets, as reported plus (iii) Proceeds from capital grants and other contributions, as reported plus (iv) Advances from capital grants allocated to property, plant and equipment in the reporting period. ST believes Net Capex provides useful information for investors and management because annual capital expenditures budget includes the effect of capital grants. Our definition of Net Capex may differ from definitions used by other companies. (US$ m) Q2 2025 Q12025 Q42024 Q3 2024 Q2 2024 Payment for purchase of tangible assets, as reported (574) (587) (584) (669) (690) Proceeds from sale of tangible assets, as reported 4 2 - 2 1 Proceeds from capital grants and other contributions, as reported 89 47 83 66 143 Advances from capital grants allocated to property, plant and equipment 16 8 31 36 18 Net Capex (non-U.S. GAAP) (465) (530) (470) (565) (528) Free Cash Flow, which is a non-U.S. GAAP measure, is defined as (i) net cash from operating activities plus (ii) Net Capex plus (iii) payment for purchase (and proceeds from sale) of intangible and financial assets and (iv) net cash paid for business acquisitions, if any. ST believes Free Cash Flow provides useful information for investors and management because it measures our capacity to generate cash from our operating and investing activities to sustain our operations. Free Cash Flow reconciles with the total cash flow and the net cash increase (decrease) by including the payment for purchases of (and proceeds from matured) marketable securities and net investment in (and proceeds from) short-term deposits, the net cash from (used in) financing activities and the effect of changes in exchange rates, and by excluding the advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period. Our definition of Free Cash Flow may differ from definitions used by other companies. (US$ m) Q2 2025 Q12025 Q42024 Q32024 Q2 2024 Net cash from operating activities 354 574 681 723 702 Net Capex (465) (530) (470) (565) (528) Payment for purchase of intangible assets, net of proceeds from sale (41) (14) (32) (20) (15) Payment for purchase of financial assets, net of proceeds from sale - - (51) (2) - Free Cash Flow (non-U.S. GAAP) (152) 30 128 136 1591 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.2 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.3 See Appendix for the definition of reportable segments. 4 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important. Attachment C3349C - STMicroelectronics Q225 Earnings PRError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
33 minutes ago
- Business Wire
CTP announces the signing of a €500 million unsecured syndicated sustainability-linked loan facility
AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP' or the 'Company'), Europe's largest listed developer, owner, and manager of logistics and industrial real estate by gross lettable area, today announces the successful signing of a 5-year 1 €500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 3.7%. The syndication met very strong demand from both existing and new lenders resulting in being over 2x oversubscribed. SMBC and ING acted as Global Coordinators and Sustainability Coordinators. The syndicate comprises a group of 13 European and Asian banks. The facility will be primarily used to refinance the syndicated loan executed in 2023 allowing CTP to achieve material interest savings and reduce the overall cost of debt. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: 1 Facility tenor is 3+1+1 years with the extensions at CTP's discretion
