ON Semiconductor (ON) FY2012 results: revenue $2.9 billion, down 15.9% on the year
ON Semiconductor Corp. (ON) reported revenue of $2.9 billion for fiscal 2012, the year ended 31 December 2012, down 15.9% on the year before. Net income was -$97 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$2.9 billion
-15.9% on the year
FY2008FY2012
Operating margin
-0.7%
3.3% a year earlier
FY2008FY2012
Net income
-$97 million
FY2008FY2012
Diluted EPS
-$0.20
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,895
3,442
2,313
-15.9%
Cost of revenue
1,949
2,434
1,357
-19.9%
Gross profit
946
1,009
956
-6.2%
Gross margin
32.7%
29.3%
41.3%
Research and development
368
362
248
+1.4%
Operating income
-20.3
113
374
Operating margin
-0.7%
3.3%
16.2%
Interest expense
56.1
68.9
61.4
-18.6%
Pre-tax income
-76.9
37.8
306
Income tax
16.0
22.9
12.8
-30.1%
Effective tax rate
n/a
60.6%
4.2%
Net income
-97.2
11.6
290
Net margin
-3.4%
0.3%
12.6%
Diluted EPS
-$0.20
$0.03
$0.65
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
276
546
552
-49.4%
Capital expenditure
256
316
189
-19.0%
Free cash flow
19.7
229
363
-91.4%
Free cash flow margin
0.7%
6.7%
15.7%
Cash from investing
-133
-424
-336
Cash from financing
-300
-97.2
-119
Depreciation and amortisation
244
229
167
+6.2%
Share-based compensation
20.5
33.5
52.5
-38.8%
Buybacks
55.5
0.0
0.0
Diluted shares, weighted
453m
457m
444m
-1.0%
Shares outstanding at period end
449m
451m
437m
-0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,361
1,468
1,366
-7.3%
Non-controlling interest
29.6
25.3
22.0
+17.0%
Debt
1,012
1,207
889
-16.2%
Other liabilities
926
1,183
642
-21.7%
Total liabilities and equity
3,328
3,884
2,919
-14.3%
Fixed assets
1,103
1,110
864
-0.6%
Goodwill
185
199
191
-7.1%
Intangible assets
257
337
303
-23.8%
Investments
145
249
0.0
-41.8%
Cash and equivalents
487
653
623
-25.4%
Receivables
358
457
295
-21.7%
Inventory
582
637
361
-8.7%
Other assets
212
242
282
-12.3%
Total assets
3,328
3,884
2,919
-14.3%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.