Stock Analysis on Net
Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

Common-Size Income Statement

ON Semiconductor Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue -52.94 -51.03 -59.73 -67.35 -64.23
Gross profit 47.06% 48.97% 40.27% 32.65% 35.77%
Research and development -7.00 -7.21 -9.72 -12.23 -11.61
Selling and marketing -3.38 -3.46 -4.36 -5.30 -5.45
General and administrative -4.39 -4.12 -4.52 -4.92 -5.15
Litigation settlement 0.00 0.00 0.00 0.00 -3.07
Amortization of acquisition-related intangible assets -0.62 -0.98 -1.47 -2.29 -2.09
Restructuring, asset impairments and other charges, net -0.91 -0.21 -1.06 -1.24 -0.52
Goodwill and intangible asset impairment 0.00 -4.65 -0.04 -0.02 -0.03
Operating expenses -16.29% -20.62% -21.17% -26.02% -27.93%
Operating income 30.76% 28.34% 19.10% 6.64% 7.84%
Interest expense -0.91 -1.14 -1.93 -3.20 -2.69
Interest income 1.13 0.19 0.02 0.09 0.18
Loss on debt refinancing and prepayment -0.16 -0.09 -0.43 0.00 -0.11
Gain (loss) on divestiture of businesses -0.01 0.80 0.15 0.00 0.00
Other income (expense), net -0.09 0.26 0.27 -0.16 -0.21
Other income (expense), net -0.04% 0.03% -1.93% -3.27% -2.83%
Income before income taxes 30.73% 28.37% 17.18% 3.36% 5.01%
Income tax (provision) benefit -4.24 -5.51 -2.18 1.14 -1.14
Net income 26.48% 22.87% 15.00% 4.50% 3.88%
Net income attributable to non-controlling interest -0.02 -0.02 -0.02 -0.04 -0.04
Net income attributable to ON Semiconductor Corporation 26.46% 22.85% 14.98% 4.46% 3.84%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. ON Semiconductor Corp. operating income as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ON Semiconductor Corp. income before income taxes as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to ON Semiconductor Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ON Semiconductor Corp. net income attributable to ON Semiconductor Corporation as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.