ON Semiconductor Corporation (ON) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3531,0818941,0709491,028618
Cash and cash equivalents1,3531,0818941,0709491,028618
Receivables809676705686702630426
Inventory, net of allowances, customer advances and progress billings1,3801,2511,2321,2251,0901,030750
Inventory1,3801,2511,2321,2251,0901,030750
Other current assets24017618818719318197
Total current assets:3,7823,1843,0203,1682,9332,8691,892
Noncurrent Assets
Property, plant and equipment  2,5922,5502,2792,1591,274
Intangible assets, net (including goodwill)2,4332,1322,2501,4991,5451,687596
Goodwill1,9381,6631,659933917925271
Intangible assets, net (excluding goodwill)496469591566628762326
Deferred income tax assets366429308
Other noncurrent assets5214102561059971108
Deferred tax assets, net  139 
Other undisclosed noncurrent assets2,5242,512 266339  
Total noncurrent assets:5,8445,4845,4064,4204,2624,0551,978
TOTAL ASSETS:9,6268,6688,4267,5887,1956,9243,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3831,1431,0821,3311,161839584
Accounts payable635573544672548434338
Accrued liabilities748570539659613405246
Debt161532736139248554543
Deferred revenue and credits 110112
Total current liabilities:1,5431,6751,8181,4691,4091,5031,239
Noncurrent Liabilities
Long-term debt and lease obligation2,9142,9602,8772,6282,7043,069851
Long-term debt, excluding current maturities2,9142,9602,8772,6282,7043,069851
Liabilities, other than long-term debt564476407242226475148
Deferred tax liabilities, net  289 
Deferred income tax liabilities435760
Other liabilities521418346242226187148
Other undisclosed noncurrent liabilities   5555  
Total noncurrent liabilities:3,4783,4353,2832,9242,9853,544998
Total liabilities:5,0225,1105,1014,3944,3945,0472,238
Temporary equity, carrying amount     33 
Stockholders' equity
Stockholders' equity attributable to parent4,5853,5393,3023,1722,7791,8231,608
Common stock6666655
Treasury stock, value(2,448)(1,968)(1,651)(1,478)(1,131)(1,078)(1,066)
Additional paid in capital4,6334,1333,8103,7023,5943,4733,420
Accumulated other comprehensive loss(41)(58)(54)(38)(41)(50)(42)
Retained earnings (accumulated deficit)2,4351,4261,191980352(527)(709)
Stockholders' equity attributable to noncontrolling interest19202223222224
Total stockholders' equity:4,6043,5583,3243,1942,8011,8451,632
TOTAL LIABILITIES AND EQUITY:9,6268,6688,4267,5887,1956,9243,870

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,7405,2555,5185,8785,5433,9073,496
Cost of revenue(4,026)(3,539)(3,544)(3,640)(3,509)(2,610)(2,303)
Gross profit:2,7141,7161,9742,2392,0341,2971,193
Operating expenses(1,427)(1,367)(1,541)(1,392)(1,353)(1,061)(932)
Operating income:1,288349433847681236261
Nonoperating expense(130)(172)(156)(92)(133)(56)(41)
Other nonoperating income (expense)18(9)(12)(7)(8)(1)8
Interest and debt expense(29)(168)(6)1426(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes291686(1)(4)(26)0
Income from continuing operations before income taxes:1,158177277755548181220
Income tax expense (benefit)(147)60(63)(125)2664(11)
Net income:1,011236214630813185209
Net loss attributable to noncontrolling interest(2)(2)(2)(3)(2)(2)(3)
Net income available to common stockholders, diluted:1,010234212627811182206

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,011236214630813185209
Other comprehensive income (loss)17(3)(16)310(8)(1)
Comprehensive income:1,028233198633823177208
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(3)(2)(2)(3)
Comprehensive income, net of tax, attributable to parent:1,027231195630820174205

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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