ON Semiconductor Corporation (ON) financial statements (2021 and earlier)

Company profile

Business Address 5005 EAST MCDOWELL ROAD
PHOENIX, AZ 85008
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0818941,0709491,028618518
Cash and cash equivalents1,0818941,0709491,028618512
Short-term investments      6
Receivables676705686702630426418
Inventory, net of allowances, customer advances and progress billings1,2511,2321,2251,0901,030750730
Inventory1,2511,2321,2251,0901,030750730
Prepaid expense      29
Other current assets17618818719318197141
Other undisclosed current assets      (29)
Total current assets:3,1843,0203,1682,9332,8691,8921,806
Noncurrent Assets
Property, plant and equipment 2,5922,5502,2792,1591,2741,204
Intangible assets, net (including goodwill)2,1322,2501,4991,5451,687596722
Goodwill1,6631,659933917925271265
Intangible assets, net (excluding goodwill)469591566628762326458
Deferred income tax assets429308
Other noncurrent assets410256105997110891
Deferred tax assets, net  139  
Other undisclosed noncurrent assets2,512 266339   
Total noncurrent assets:5,4845,4064,4204,2624,0551,9782,017
TOTAL ASSETS:8,6688,4267,5887,1956,9243,8703,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1431,0821,3311,161839584785
Accounts payable573544672548434338378
Accrued liabilities570539659613405246288
Employee-related liabilities      117
Interest and dividends payable      2
Debt532736139248554543210
Deferred revenue and credits 110112165
Other undisclosed current liabilities      (119)
Total current liabilities:1,6751,8181,4691,4091,5031,2391,041
Noncurrent Liabilities
Long-term debt and lease obligation2,9602,8772,6282,7043,069851983
Long-term debt, excluding current maturities2,9602,8772,6282,7043,069851983
Liabilities, other than long-term debt476407242226475148248
Deferred tax liabilities, net  289  
Deferred income tax liabilities5760
Liability, pension and other postretirement and postemployment benefits      96
Other liabilities418346242226187148152
Other undisclosed noncurrent liabilities  5555  (96)
Total noncurrent liabilities:3,4353,2832,9242,9853,5449981,135
Total liabilities:5,1105,1014,3944,3945,0472,2382,176
Temporary equity, carrying amount    33  
Stockholders' equity
Stockholders' equity attributable to parent3,5393,3023,1722,7791,8231,6081,627
Common stock6666555
Treasury stock, value(1,968)(1,651)(1,478)(1,131)(1,078)(1,066)(703)
Additional paid in capital4,1333,8103,7023,5943,4733,4203,281
Accumulated other comprehensive loss(58)(54)(38)(41)(50)(42)(42)
Retained earnings (accumulated deficit)1,4261,191980352(527)(709)(916)
Stockholders' equity attributable to noncontrolling interest20222322222421
Total stockholders' equity:3,5583,3243,1942,8011,8451,6321,647
TOTAL LIABILITIES AND EQUITY:8,6688,4267,5887,1956,9243,8703,823

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,2555,5185,8785,5433,9073,4963,162
Cost of revenue(3,539)(3,544)(3,640)(3,509)(2,610)(2,303)(2,077)
Gross profit:1,7161,9742,2392,0341,2971,1931,085
Operating expenses(1,367)(1,541)(1,392)(1,353)(1,061)(932)(856)
Operating income:349433847681236261229
Nonoperating expense(172)(156)(92)(133)(56)(41)(37)
Other nonoperating income (expense)(9)(12)(7)(8)(1)8(4)
Interest and debt expense(168)(6)1426(0)(34)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1686(1)(4)(26)034
Income from continuing operations before income taxes:177277755548181220192
Income tax expense (benefit)60(63)(125)2664(11)0
Net income:236214630813185209192
Net loss attributable to noncontrolling interest(2)(2)(3)(2)(2)(3)(2)
Net income available to common stockholders, diluted:234212627811182206190

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:236214630813185209192
Other comprehensive income (loss)(3)(16)310(8)(1)6
Comprehensive income:233198633823177208198
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(3)(2)(2)(3)(2)
Comprehensive income, net of tax, attributable to parent:231195630820174205196

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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