ON SEMICONDUCTOR CORP
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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FY2024 · Filed Feb 10, 2025
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 Operations and Comprehensive Income
(in millions, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $7,082.3 | $8,253.0 | $8,326.2 |
| Cost of revenue | 3,866.2 | 4,369.5 | 4,249.0 |
| Gross profit | 3,216.1 | 3,883.5 | 4,077.2 |
| Operating expenses: | |||
| Research and development | 612.7 | 577.3 | 600.2 |
| Selling and marketing | 273.5 | 279.1 | 287.9 |
| General and administrative | 376.3 | 362.4 | 343.2 |
| Amortization of acquisition-related intangible assets | 52.0 | 51.1 | 81.2 |
| Restructuring, asset impairments and other charges, net | 133.9 | 74.9 | 17.9 |
| Goodwill and intangible asset impairment | — | — | 386.8 |
| Total operating expenses | 1,448.4 | 1,344.8 | 1,717.2 |
| Operating income | 1,767.7 | 2,538.7 | 2,360.0 |
| Other income (expense), net: | |||
| Interest expense | (62.3) | (74.8) | (94.9) |
| Interest income | 111.4 | 93.1 | 15.5 |
| Loss on debt refinancing and prepayment | — | (13.3) | (7.1) |
| Gain (loss) on divestiture of businesses | — | (0.7) | 67.0 |
| Other income (expense), net | 20.6 | (7.2) | 21.7 |
| Other income (expense), net | 69.7 | (2.9) | 2.2 |
| Income before income taxes | 1,837.4 | 2,535.8 | 2,362.2 |
| Income tax provision | (262.8) | (350.2) | (458.4) |
| Net income | 1,574.6 | 2,185.6 | 1,903.8 |
| Less: Net income attributable to non-controlling interest | (1.8) | (1.9) | (1.6) |
| Net income attributable to ON Semiconductor Corporation | $1,572.8 | $2,183.7 | $1,902.2 |
| Net income for diluted earnings per share of common stock (Note 10) | $1,572.8 | $2,185.0 | $1,904.2 |
| Net income per share of common stock attributable to ON Semiconductor Corporation: | |||
| Basic | $3.68 | $5.07 | $4.39 |
| Diluted | $3.63 | $4.89 | $4.25 |
| Weighted-average shares of common stock outstanding: | |||
| Basic | 427.4 | 430.7 | 433.2 |
| Diluted | 432.7 | 446.8 | 448.2 |
| Comprehensive income (loss), net of tax: | |||
| Net income | $1,574.6 | $2,185.6 | $1,903.8 |
| Foreign currency translation adjustments | (3.4) | (2.1) | (6.0) |
| Effects of cash flow hedges | (13.8) | (19.9) | 23.4 |
| Other comprehensive income (loss), net of tax | (17.2) | (22.0) | 17.4 |
| Comprehensive income | 1,557.4 | 2,163.6 | 1,921.2 |
| Comprehensive income attributable to non-controlling interest | (1.8) | (1.9) | (1.6) |
| Comprehensive income attributable to ON Semiconductor Corporation | $1,555.6 | $2,161.7 | $1,919.6 |
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