ON Semiconductor (ON) FY2013 results: revenue $2.8 billion, down 3.9% on the year
ON Semiconductor Corp. (ON) reported revenue of $2.8 billion for fiscal 2013, the year ended 31 December 2013, down 3.9% on the year before. Net income was $150 million, and diluted earnings per share $0.33. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$2.8 billion
-3.9% on the year
FY2008FY2013
Operating margin
7.5%
-0.7% a year earlier
FY2008FY2013
Net income
$150 million
FY2008FY2013
Diluted EPS
$0.33
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,783
2,895
3,442
-3.9%
Cost of revenue
1,854
1,949
2,434
-4.9%
Gross profit
929
946
1,009
-1.8%
Gross margin
33.4%
32.7%
29.3%
Research and development
334
368
362
-9.1%
Operating income
209
-20.3
113
Operating margin
7.5%
-0.7%
3.3%
Interest expense
38.6
56.1
68.9
-31.2%
Pre-tax income
170
-76.9
37.8
Income tax
16.4
16.0
22.9
+2.5%
Effective tax rate
9.6%
n/a
60.6%
Net income
150
-97.2
11.6
Net margin
5.4%
-3.4%
0.3%
Diluted EPS
$0.33
-$0.20
$0.03
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
327
276
546
+18.6%
Capital expenditure
155
256
316
-39.4%
Free cash flow
172
19.7
229
+773.6%
Free cash flow margin
6.2%
0.7%
6.7%
Cash from investing
-118
-133
-424
Cash from financing
-174
-300
-97.2
Depreciation and amortisation
212
244
229
-13.1%
Share-based compensation
32.3
20.5
33.5
+57.6%
Buybacks
101
55.5
0.0
+82.0%
Diluted shares, weighted
451m
453m
457m
-0.4%
Shares outstanding at period end
440m
449m
451m
-1.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,491
1,361
1,468
+9.5%
Non-controlling interest
32.8
29.6
25.3
+10.8%
Debt
942
1,012
1,207
-6.9%
Other liabilities
828
926
1,183
-10.6%
Total liabilities and equity
3,294
3,328
3,884
-1.0%
Fixed assets
1,074
1,103
1,110
-2.6%
Goodwill
185
185
199
0.0%
Intangible assets
223
257
337
-13.1%
Investments
116
145
249
-19.8%
Cash and equivalents
510
487
653
+4.6%
Receivables
383
358
457
+7.2%
Inventory
609
582
637
+4.7%
Other assets
194
212
242
-8.8%
Total assets
3,294
3,328
3,884
-1.0%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.