Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

ON Semiconductor Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Revenue	2,018,100)	2,180,800)	2,094,400)	1,959,700)	2,103,600)	2,192,600)	2,085,000)	1,945,000)	1,846,100)	1,742,100)	1,669,900)	1,481,700)	1,446,300)	1,317,300)	1,213,500)	1,277,900)	1,401,800)	1,381,800)	1,347,700)	1,386,600)
Cost of revenue	(1,076,200)	(1,150,100)	(1,101,000)	(1,042,200)	(1,083,100)	(1,134,300)	(1,047,900)	(983,700)	(1,013,900)	(1,021,300)	(1,029,800)	(960,500)	(948,700)	(876,100)	(839,200)	(875,200)	(916,100)	(906,600)	(848,700)	(872,900)
Gross profit	941,900)	1,030,700)	993,400)	917,500)	1,020,500)	1,058,300)	1,037,100)	961,300)	832,200)	720,800)	640,100)	521,200)	497,600)	441,200)	374,300)	402,700)	485,700)	475,200)	499,000)	513,700)
Research and development	(150,200)	(143,400)	(145,300)	(138,400)	(136,400)	(145,400)	(161,600)	(156,800)	(160,600)	(154,500)	(166,300)	(173,600)	(159,700)	(156,100)	(156,100)	(171,000)	(169,300)	(172,800)	(147,000)	(151,800)
Selling and marketing	(67,500)	(68,200)	(71,600)	(71,800)	(74,200)	(69,500)	(73,100)	(71,100)	(70,200)	(68,400)	(76,100)	(78,900)	(71,000)	(65,300)	(65,600)	(76,800)	(75,600)	(74,700)	(73,600)	(77,100)
General and administrative	(88,600)	(110,700)	(87,200)	(75,900)	(97,200)	(84,900)	(83,200)	(77,900)	(83,500)	(75,700)	(73,200)	(72,400)	(62,400)	(62,200)	(62,900)	(71,200)	(69,200)	(67,800)	(74,100)	(72,900)
Litigation settlement	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(169,500)	—)	—)
Amortization of acquisition-related intangible assets	(12,100)	(12,000)	(12,000)	(15,000)	(16,100)	(21,900)	(21,900)	(21,300)	(24,500)	(24,700)	(24,800)	(25,000)	(29,300)	(29,600)	(29,100)	(32,300)	(32,100)	(29,900)	(27,500)	(25,700)
Restructuring, asset impairments and other charges, net	(11,400)	(9,400)	(2,600)	(51,500)	7,700)	(40,300)	1,700)	13,000)	(13,100)	1,700)	(17,500)	(42,500)	(7,200)	(9,000)	(16,200)	(32,800)	(600)	(4,400)	(18,100)	(5,600)
Goodwill and intangible asset impairment charges	—)	—)	—)	—)	—)	(271,800)	(115,000)	—)	—)	—)	—)	(2,900)	—)	—)	(1,300)	—)	—)	—)	(400)	(1,200)
Operating expenses	(329,800)	(343,700)	(318,700)	(352,600)	(316,200)	(633,800)	(453,100)	(314,100)	(351,900)	(321,600)	(357,900)	(395,300)	(329,600)	(322,200)	(331,200)	(384,100)	(346,800)	(519,100)	(340,700)	(334,300)
Operating income (loss)	612,100)	687,000)	674,700)	564,900)	704,300)	424,500)	584,000)	647,200)	480,300)	399,200)	282,200)	125,900)	168,000)	119,000)	43,100)	18,600)	138,900)	(43,900)	158,300)	179,400)
Interest expense	(15,800)	(16,200)	(16,400)	(26,400)	(27,500)	(23,700)	(22,100)	(21,600)	(32,000)	(31,900)	(33,100)	(33,400)	(41,800)	(42,200)	(41,900)	(42,500)	(42,200)	(40,700)	(33,700)	(31,700)
Interest income	26,300)	25,700)	24,000)	17,100)	9,100)	4,900)	1,100)	400)	300)	500)	200)	400)	600)	900)	1,500)	1,900)	2,400)	2,300)	3,000)	2,500)
Loss on debt prepayment	—)	—)	—)	(13,300)	200)	—)	(7,300)	—)	(2,800)	—)	(26,200)	—)	—)	—)	—)	—)	—)	(5,800)	(400)	—)
Gain (loss) on divestiture of business	—)	(100)	500)	(1,100)	64,900)	200)	1,900)	—)	—)	10,200)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other income (expense)	(11,700)	1,100)	(1,300)	4,700)	12,300)	900)	6,400)	2,100)	20,400)	(5,800)	(1,100)	4,500)	(6,300)	400)	(2,800)	100)	(16,400)	3,500)	(1,000)	2,100)
Other income (expense), net	(1,200)	10,500)	6,800)	(19,000)	59,000)	(17,700)	(20,000)	(19,100)	(14,100)	(27,000)	(60,200)	(28,500)	(47,500)	(40,900)	(43,200)	(40,500)	(56,200)	(40,700)	(32,100)	(27,100)
Income (loss) before income taxes	610,900)	697,500)	681,500)	545,900)	763,300)	406,800)	564,000)	628,100)	466,200)	372,200)	222,000)	97,400)	120,500)	78,100)	(100)	(21,900)	82,700)	(84,600)	126,200)	152,300)
Income tax (provision) benefit	(47,500)	(114,600)	(104,400)	(83,700)	(159,000)	(94,900)	(107,400)	(97,100)	(39,800)	(61,800)	(37,900)	(7,100)	(30,700)	83,100)	(800)	8,200)	(25,800)	24,600)	(23,300)	(38,200)
Net income (loss)	563,400)	582,900)	577,100)	462,200)	604,300)	311,900)	456,600)	531,000)	426,400)	310,400)	184,100)	90,300)	89,800)	161,200)	(900)	(13,700)	56,900)	(60,000)	102,900)	114,100)
Net income attributable to non-controlling interest	(700)	(200)	(500)	(500)	—)	—)	(800)	(800)	(500)	(700)	—)	(400)	(800)	(600)	(500)	(300)	(400)	(700)	(1,100)	—)
Net income (loss) attributable to ON Semiconductor Corporation	562,700)	582,700)	576,600)	461,700)	604,300)	311,900)	455,800)	530,200)	425,900)	309,700)	184,100)	89,900)	89,000)	160,600)	(1,400)	(14,000)	56,500)	(60,700)	101,800)	114,100)

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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 Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	ON Semiconductor Corp. operating income (loss) increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Income (loss) 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 (loss) before income taxes increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Net income (loss) 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 (loss) attributable to ON Semiconductor Corporation increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.

ON Semiconductor Corp. (NASDAQ:ON)

Income StatementQuarterly Data

Income Statement
Quarterly Data