ON Semiconductor Corporation (ON) Financial Statements (2024 and earlier)

Company Profile

Business Address 5701 NORTH PIMA ROAD
SCOTTSDALE, AZ 85250
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9191,3531,0818941,070949
Cash and cash equivalents2,9191,3531,0818941,070949
Receivables842809676705686702
Inventory, net of allowances, customer advances and progress billings1,6171,3801,2511,2321,2251,090
Inventory1,6171,3801,2511,2321,2251,090
Other current assets351240176188187193
Total current assets:5,7293,7823,1843,0203,1682,933
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization46   
Property, plant and equipment3,451  2,5922,5502,279
Intangible assets, net (including goodwill)1,9372,4332,1322,2501,4991,545
Goodwill1,5781,9381,6631,659933917
Intangible assets, net (excluding goodwill)360496469591566628
Deferred income tax assets377366429308
Other noncurrent assets43952141025610599
Other undisclosed noncurrent assets  2,5242,512 266339
Total noncurrent assets:6,2495,8445,4845,4064,4204,262
TOTAL ASSETS:11,9799,6268,6688,4267,5887,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8991,3831,1431,0821,3311,161
Accounts payable852635573544672548
Accrued liabilities1,047748570539659613
Debt162161532736139248
Total current liabilities:2,0611,5431,6751,8181,4691,409
Noncurrent Liabilities
Long-term debt and lease obligation3,0692,9142,9602,8772,6282,704
Long-term debt, excluding current maturities3,0462,9142,9602,8772,6282,704
Finance lease, liability23   
Liabilities, other than long-term debt641564476407242226
Deferred income tax liabilities34435760
Other liabilities607521418346242226
Other undisclosed noncurrent liabilities     5555
Total noncurrent liabilities:3,7103,4783,4353,2832,9242,985
Total liabilities:5,7725,0225,1105,1014,3944,394
Equity
Equity, attributable to parent6,1894,5853,5393,3023,1722,779
Common stock666666
Treasury stock, value(2,830)(2,448)(1,968)(1,651)(1,478)(1,131)
Additional paid in capital4,6714,6334,1333,8103,7023,594
Accumulated other comprehensive loss(23)(41)(58)(54)(38)(41)
Retained earnings4,3642,4351,4261,191980352
Equity, attributable to noncontrolling interest191920222322
Total equity:6,2074,6043,5583,3243,1942,801
TOTAL LIABILITIES AND EQUITY:11,9799,6268,6688,4267,5887,195

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,3266,7405,2555,5185,8785,543
Cost of revenue(4,249)(4,026)(3,539)(3,544)(3,640)(3,509)
Gross profit:4,0772,7141,7161,9742,2392,034
Operating expenses(1,717)(1,427)(1,367)(1,541)(1,392)(1,353)
Operating income:2,3601,288349433847681
Nonoperating income (expense)2(130)(172)(156)(92)(133)
Investment income, nonoperating16151063
Other nonoperating income (expense)2218(9)(12)(7)(8)
Interest and debt expense(7)(29)(168)(6)14
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7291686(1)(4)
Income from continuing operations before equity method investments, income taxes:2,3621,158177277755548
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:2,3621,158177277755548
Income tax expense (benefit)(458)(147)60(63)(125)266
Income from continuing operations:1,9041,011236214630813
Income before gain (loss) on sale of properties:1,011236214630813
Other undisclosed net income      
Net income:1,9041,011236214630813
Net loss attributable to noncontrolling interest(2)(2)(2)(2)(3)(2)
Net income available to common stockholders, basic:1,9021,010234212627811
Interest on convertible debt2     
Net income available to common stockholders, diluted:1,9041,010234212627811

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,9041,011236214630813
Other comprehensive income (loss)1717(3)(16)310
Comprehensive income:1,9211,028233198633823
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(2)(3)(2)
Comprehensive income, net of tax, attributable to parent:1,9201,027231195630820

Statements Sources

The financial statements are based on the Company's filings with 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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