ON SEMICONDUCTOR CORP
For the period ended Apr 4, 2025. Filed May 5, 2025.
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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.
Apr 4, 2025 · Filed May 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
ON SEMICONDUCTOR CORPORATION FORM 10-Q
TABLE OF CONTENTS
Part I: Financial Information
| Item 1. Financial Statements (unaudited) | 4 |
| Consolidated Balance Sheets | 4 |
| Consolidated Statements of Operations and Comprehensive Income | 5 |
| Consolidated Statements of Stockholders' Equity | 6 |
| Consolidated Statements of Cash Flows | 7 |
| Notes to Consolidated Financial Statements | 8 |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations | 26 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 32 |
| Item 4. Controls and Procedures | 32 |
Part II: Other Information
| Item 1. Legal Proceedings | 33 |
| Item 1A. Risk Factors | 33 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 34 |
| Item 3. Defaults Upon Senior Securities | 34 |
| Item 4. Mine Safety Disclosures | 34 |
| Item 5. Other Information | 34 |
| Item 6. Exhibits | 35 |
| Signatures | 36 |
(See the glossary of selected terms immediately following this table of contents for definitions of certain abbreviated terms.)
FORM 10-Q
GLOSSARY OF SELECTED ABBREVIATED TERMS*
| Abbreviated Term | Defined Term |
|---|---|
| 0% Notes | 0% Convertible Senior Notes due 2027 |
| 0.50% Notes | 0.50% Convertible Senior Notes due 2029 |
| 1.625% Notes | 1.625% Convertible Senior Notes due 2023 |
| 3.875% Notes | 3.875% Senior Notes due 2028 |
| ADAS | Advanced driver-assistance systems |
| AI | Artificial Intelligence |
| Amended and Restated SIP | ON Semiconductor Corporation Amended and Restated Stock Incentive Plan, as amended |
| ASU | Accounting Standards Update |
| Commission or SEC | Securities and Exchange Commission |
| Credit Agreement | Credit agreement, dated as of June 22, 2023, by and among the Company, as borrower, the several lenders party thereto, JP Morgan Chase Bank, N.A., as administrative agent, and certain other parties, providing for the Revolving Credit Facility |
| EFK | East Fishkill, New York fabrication facility |
| ESPP | ON Semiconductor Corporation 2000 Employee Stock Purchase Plan, as amended |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| IP | Intellectual property |
| IRS | United States Internal Revenue Service |
| IT | Information Technology |
| Revolving Credit Facility | A $1.5 billion senior revolving credit facility created pursuant to the Credit Agreement |
| ROU | Right-of-use |
| RSU | Restricted stock unit |
| SiC | Silicon carbide |
| SiC JFET | Silicon Carbide Junction Field-Effect Transistor |
| Securities Act | Securities Act of 1933, as amended |
| U.S. or United States | United States of America |
- Terms used, but not defined, within the body of the Form 10-Q are defined in this Glossary.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.