STMicroelectronics NV reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net revenues of $2,015 million against $2,162 million a year ago. Operating loss was $11 million against $730 million a year ago. Loss before income taxes and non-controlling interest was $26 million against $750 million a year ago. Net loss attributable to parent company was $36 million or $0.04 per diluted share against $428 million or $0.48 per diluted share a year ago. Net cash from operating activities was $270 million against $252 million a year ago. Net payment for capital expenditures was $133 million against $78 million a year ago. Non-GAAP operating income was $18 million against operating loss of $142 million a year ago. Non-GAAP net loss was $13 million or $0.01 per diluted share against $96 million or $0.11 per diluted share a year ago.

For the year, the company reported net revenues of $8,082 million against $8,493 million a year ago. Operating loss was $465 million against $2,081 million a year ago. Loss before income taxes and non-controlling interest was $592 million against $2,137 million a year ago. Net loss attributable to parent company was $500 million or $0.56 per diluted share against $1,158 million or $131 per diluted share a year ago. Capital expenditure payments, net of proceeds from sales, were $531 million for 2013, compared to $476 million for 2012.

The Company expects first quarter 2014 revenues to decrease about 9.5% on a sequential basis, plus or minus 3.5 percentage points. As a result, gross margin in the first quarter is expected to be about 32.4%, plus or minus 2.0 percentage points. The company reconfirms long-term growth will be driven by the 5 growth drivers of Microcontrollers, MEMS and Sensors, Automotive, Digital Consumer and ASICs, and Smart Power. For example, The company expects 2 waves of new products to drive the doubling of DCG revenues from fourth quarter 2013 to fourth quarter 2015.

The company targets about a 10% to 15% operating margin for SPA as a part of model of about 10% profitability by mid-2015. Based on the current visibility for 2014, The company anticipates a CapEx in dollar at levels similar to the prior year.