ON Semiconductor (ON) FY2015 results: revenue $3.5 billion, up 10.6% on the year
ON Semiconductor Corp. (ON) reported revenue of $3.5 billion for fiscal 2015, the year ended 31 December 2015, up 10.6% on the year before. Net income was $206 million, up 8.7%, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$3.5 billion
+10.6% on the year
FY2008FY2015
Operating margin
7.5%
7.2% a year earlier
FY2008FY2015
Net income
$206 million
+8.7% on the year
FY2008FY2015
Diluted EPS
$0.48
+11.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,496
3,162
2,783
+10.6%
Cost of revenue
2,303
2,077
1,854
+10.9%
Gross profit
1,193
1,085
929
+10.0%
Gross margin
34.1%
34.3%
33.4%
Research and development
397
367
334
+8.2%
Operating income
261
229
209
+14.1%
Operating margin
7.5%
7.2%
7.5%
Interest expense
49.7
34.1
38.6
+45.7%
Pre-tax income
220
192
170
+14.5%
Income tax
10.8
-0.2
16.4
Effective tax rate
4.9%
-0.1%
9.6%
Net income
206
190
150
+8.7%
Net margin
5.9%
6.0%
5.4%
Diluted EPS
$0.48
$0.43
$0.33
+11.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
471
481
327
-2.2%
Capital expenditure
271
204
155
+32.6%
Free cash flow
200
277
172
-27.9%
Free cash flow margin
5.7%
8.8%
6.2%
Cash from investing
-264
-566
-118
Cash from financing
-99.8
91.4
-174
Depreciation and amortisation
358
269
212
+33.0%
Share-based compensation
46.9
45.8
32.3
+2.4%
Buybacks
348
122
101
+185.9%
Diluted shares, weighted
428m
444m
451m
-3.5%
Shares outstanding at period end
412m
434m
440m
-5.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,608
1,626
1,491
-1.1%
Non-controlling interest
23.7
20.9
32.8
+13.4%
Redeemable equity
0.0
n/a
n/a
Debt
1,516
1,207
942
+25.6%
Other liabilities
722
968
828
-25.4%
Total liabilities and equity
3,870
3,823
3,294
+1.2%
Fixed assets
1,274
1,204
1,074
+5.8%
Goodwill
271
264
185
+2.6%
Intangible assets
326
458
223
-28.8%
Investments
0.0
6.1
116
Cash and equivalents
618
512
510
+20.7%
Receivables
426
418
383
+2.1%
Inventory
750
730
609
+2.8%
Other assets
205
232
194
-12.0%
Total assets
3,870
3,823
3,294
+1.2%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.