ON SEMICONDUCTOR CORP
For the period ended Oct 2, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 2, 2026 · Filed Nov 2, 2026
ON$69.61+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(in millions)
| Nine Months Ended | ||
|---|---|---|
| October 2,2026 | October 3,2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $509.0 | $(58.2) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 563.0 | 471.1 |
| Gain on sale or disposal of fixed assets | (4.2) | (7.1) |
| Gain on divestiture of a business | (3.1) | — |
| Amortization of debt discount and issuance costs | 11.0 | 8.6 |
| Share-based compensation | 111.8 | 106.5 |
| Non-cash asset impairment charges | 166.6 | 487.9 |
| Change in deferred tax balances | (17.2) | (113.1) |
| Other | (3.5) | 1.2 |
| Changes in assets and liabilities (exclusive of acquisitions and divestiture): | ||
| Receivables | (29.6) | 119.4 |
| Inventories | (85.0) | 214.7 |
| Other assets | (59.2) | (1.7) |
| Accounts payable | (24.4) | 95.4 |
| Accrued expenses and other current liabilities | 129.3 | (62.4) |
| Other long-term liabilities | (49.3) | (57.0) |
| Net cash provided by operating activities | 1,215.2 | 1,205.3 |
| Cash flows from investing activities: | ||
| Payments for acquisition of property, plant and equipment | (84.0) | (272.1) |
| Proceeds from sale of property, plant and equipment | 17.1 | 6.8 |
| Proceeds related to divestiture of businesses, net of cash transferred | 31.7 | — |
| Purchase of short-term investments | (760.0) | (800.0) |
| Proceeds from the maturity of short-term investments | 950.0 | 700.0 |
| Payments for acquisition of a business, net of cash acquired | (13.0) | (117.5) |
| Other | 2.9 | (5.0) |
| Net cash provided by (used in) investing activities | 144.7 | (487.8) |
| Cash flows from financing activities: | ||
| Proceeds for the issuance of common stock under the ESPP | 18.6 | 16.6 |
| Payment of tax withholding for RSUs | (52.0) | (27.5) |
| Repurchase of common stock | (710.4) | (927.4) |
| Issuance and borrowings under debt agreements | 1,473.7 | — |
| Reimbursement of debt issuance and other financing costs | 3.4 | — |
| Payment of debt issuance and other financing costs | (4.2) | — |
| Repayment of borrowings under debt agreements | (0.2) | — |
| Payment for purchase of bond hedges | (351.6) | — |
| Proceeds from issuance of warrants | 281.0 | — |
| Payment of financing lease obligations | (0.3) | (1.2) |
| Payments related to prior business acquisitions | (7.5) | (0.4) |
| Net cash provided by (used in) financing activities | 650.5 | (939.9) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (0.3) | 3.0 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,010.1 | (219.4) |
| Cash, cash equivalents and restricted cash, beginning of period (Note 6) | 2,149.0 | 2,693.4 |
| Cash, cash equivalents and restricted cash, end of period (Note 6) | $4,159.1 | $2,474.0 |
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