Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

Income Statement 

ON Semiconductor Corp., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Revenue 8,326,200 6,739,800 5,255,000 5,517,900 5,878,300
Cost of revenue (4,249,000) (4,025,500) (3,539,200) (3,544,300) (3,639,600)
Gross profit 4,077,200 2,714,300 1,715,800 1,973,600 2,238,700
Research and development (600,200) (655,000) (642,900) (640,900) (650,700)
Selling and marketing (287,900) (293,600) (278,700) (301,000) (324,700)
General and administrative (343,200) (304,800) (258,700) (284,000) (293,300)
Litigation settlement (169,500)
Amortization of acquisition-related intangible assets (81,200) (99,000) (120,300) (115,200) (111,700)
Restructuring, asset impairments and other charges, net (17,900) (71,400) (65,200) (28,700) (4,300)
Goodwill and intangible asset impairment (386,800) (2,900) (1,300) (1,600) (6,800)
Operating expenses (1,717,200) (1,426,700) (1,367,100) (1,540,900) (1,391,500)
Operating income 2,360,000 1,287,600 348,700 432,700 847,200
Interest expense (94,900) (130,400) (168,400) (148,300) (128,200)
Interest income 15,500 1,400 4,900 10,200 6,100
Loss on debt refinancing and prepayment (7,100) (29,000) (6,200) (4,600)
Gain on divestiture of businesses 67,000 10,200 5,000
Licensing income 36,600
Other income (expense), net 21,700 18,000 (8,600) (11,800) (7,100)
Other income (expense), net 2,200 (129,800) (172,100) (156,100) (92,200)
Income before income taxes 2,362,200 1,157,800 176,600 276,600 755,000
Income tax (provision) benefit (458,400) (146,600) 59,800 (62,700) (125,100)
Net income 1,903,800 1,011,200 236,400 213,900 629,900
Net income attributable to non-controlling interest (1,600) (1,600) (2,200) (2,200) (2,500)
Net income attributable to ON Semiconductor Corporation 1,902,200 1,009,600 234,200 211,700 627,400

Based on: 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), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. ON Semiconductor Corp. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. ON Semiconductor Corp. operating income increased from 2020 to 2021 and from 2021 to 2022.
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 increased from 2020 to 2021 and from 2021 to 2022.
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 increased from 2020 to 2021 and from 2021 to 2022.