Stock Analysis on Net
Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

ON Semiconductor Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 725,600 852,100 635,100 572,900 543,600
Accrued payroll and related benefits 183,800 284,800 285,400 166,800 153,400
Amount due to EFK seller — 236,300 — — —
Sales related reserves 108,300 209,900 229,900 233,300 247,300
Income taxes payable 37,400 34,800 23,600 25,500 22,500
Other 333,700 281,500 196,000 144,400 115,600
Accrued expenses and other current liabilities 663,200 1,047,300 734,900 570,000 538,800
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
Current liabilities 2,183,600 2,061,400 1,543,400 1,674,500 1,818,400
Long-term debt, excluding current portion 2,542,600 3,045,700 2,913,900 2,959,700 2,876,500
Deferred tax liabilities 38,700 34,100 43,200 57,300 60,200
Long-term financing lease liabilities 22,400 23,000 10,200 — —
Other long-term liabilities 627,300 607,300 510,900 418,400 346,300
Long-term liabilities 3,231,000 3,710,100 3,478,200 3,435,400 3,283,000
Total liabilities 5,414,600 5,771,500 5,021,600 5,109,900 5,101,400
Common stock, $0.01 par value 6,200 6,100 6,000 5,700 5,700
Additional paid-in capital 5,210,900 4,670,900 4,633,300 4,133,100 3,809,500
Accumulated other comprehensive loss (45,200) (23,200) (40,600) (57,600) (54,300)
Accumulated earnings 6,548,100 4,364,400 2,435,100 1,425,500 1,191,300
Treasury stock, at cost (3,937,400) (2,829,700) (2,448,400) (1,968,200) (1,650,500)
Total ON Semiconductor Corporation stockholders’ equity 7,782,600 6,188,500 4,585,400 3,538,500 3,301,700
Non-controlling interest 18,000 18,500 19,000 19,600 22,400
Total stockholders’ equity 7,800,600 6,207,000 4,604,400 3,558,100 3,324,100
Total liabilities and stockholders’ equity 13,215,200 11,978,500 9,626,000 8,668,000 8,425,500

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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. ON Semiconductor Corp. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. ON Semiconductor Corp. long-term liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. ON Semiconductor Corp. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Total ON Semiconductor Corporation stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. ON Semiconductor Corp. total ON Semiconductor Corporation stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.