ON Semiconductor Corp., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	13,215,200)	11,978,500)	9,626,000)	8,668,000)	8,425,500)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax assets²	600,800)	376,700)	366,300)	429,000)	307,800)
After Adjustment
Adjusted total assets	12,614,400)	11,601,800)	9,259,700)	8,239,000)	8,117,700)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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ON Semiconductor Corp., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	5,414,600)	5,771,500)	5,021,600)	5,109,900)	5,101,400)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	38,700)	34,100)	43,200)	57,300)	60,200)
Less: Accrued restructuring charges	17,900)	4,400)	10,800)	6,200)	200)
After Adjustment
Adjusted total liabilities	5,358,000)	5,733,000)	4,967,600)	5,046,400)	5,041,000)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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ON Semiconductor Corp., adjusted total ON Semiconductor Corporation stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total ON Semiconductor Corporation stockholders’ equity	7,782,600)	6,188,500)	4,585,400)	3,538,500)	3,301,700)
Adjustments
Less: Net deferred tax asset (liability)¹	562,100)	342,600)	323,100)	371,600)	247,600)
Add: Accrued restructuring charges	17,900)	4,400)	10,800)	6,200)	200)
Add: Non-controlling interest	18,000)	18,500)	19,000)	19,600)	22,400)
After Adjustment
Adjusted total stockholders’ equity	7,256,400)	5,868,800)	4,292,100)	3,192,700)	3,076,700)

¹ Net deferred tax asset (liability). See details »

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ON Semiconductor Corp., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current portion of financing lease liabilities	800)	14,200)	12,700)	—)	—)
Current portion of long-term debt	794,000)	147,800)	160,700)	531,600)	736,000)
Long-term debt, excluding current portion	2,542,600)	3,045,700)	2,913,900)	2,959,700)	2,876,500)
Long-term financing lease liabilities	22,400)	23,000)	10,200)	—)	—)
Total reported debt	3,359,800)	3,230,700)	3,097,500)	3,491,300)	3,612,500)
Total ON Semiconductor Corporation stockholders’ equity	7,782,600)	6,188,500)	4,585,400)	3,538,500)	3,301,700)
Total reported capital	11,142,400)	9,419,200)	7,682,900)	7,029,800)	6,914,200)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liabilities (included in Accrued expenses and other current liabilities)²	33,000)	35,200)	32,500)	32,200)	26,100)
Add: Operating lease liabilities (included in Other long-term liabilities)³	231,000)	246,500)	142,400)	115,700)	87,900)
Adjusted total debt	3,623,800)	3,512,400)	3,272,400)	3,639,200)	3,726,500)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	562,100)	342,600)	323,100)	371,600)	247,600)
Add: Accrued restructuring charges	17,900)	4,400)	10,800)	6,200)	200)
Add: Non-controlling interest	18,000)	18,500)	19,000)	19,600)	22,400)
Adjusted total stockholders’ equity	7,256,400)	5,868,800)	4,292,100)	3,192,700)	3,076,700)
After Adjustment
Adjusted total capital	10,880,200)	9,381,200)	7,564,500)	6,831,900)	6,803,200)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities (included in Accrued expenses and other current liabilities). See details »

³ Operating lease liabilities (included in Other long-term liabilities). See details »

⁴ Net deferred tax asset (liability). See details »

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ON Semiconductor Corp., adjusted net income attributable to ON Semiconductor Corporation

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income attributable to ON Semiconductor Corporation	2,183,700)	1,902,200)	1,009,600)	234,200)	211,700)
Adjustments
Add: Deferred income tax expense (benefit)¹	(121,000)	20,900)	90,500)	(114,500)	13,000)
Add: Increase (decrease) in accrued restructuring charges	13,500)	(6,400)	4,600)	6,000)	(300)
Add: Other comprehensive income (loss), net of tax	(22,000)	17,400)	17,000)	(3,300)	(16,400)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	1,900)	1,600)	1,600)	2,200)	2,200)
After Adjustment
Adjusted net income	2,056,100)	1,935,700)	1,123,300)	124,600)	210,200)

¹ Deferred income tax expense (benefit). See details »

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ON Semiconductor Corp. (NASDAQ:ON)

Adjustments to Financial Statements