ON Semiconductor (ON) FY2021 results: revenue $6.7 billion, up 28.3% on the year
ON Semiconductor Corp. (ON) reported revenue of $6.7 billion for fiscal 2021, the year ended 31 December 2021, up 28.3% on the year before. Net income was $1.0 billion, up 331.1%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2022.
Revenue
$6.7 billion
+28.3% on the year
FY2014FY2021
Operating margin
19.1%
6.6% a year earlier
FY2014FY2021
Net income
$1.0 billion
+331.1% on the year
FY2014FY2021
Diluted EPS
$2.27
+305.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,782
884
695
+101.5%
Capital expenditure
445
384
535
+15.9%
Free cash flow
1,337
501
160
+167.1%
Free cash flow margin
19.8%
9.5%
2.9%
Cash from investing
-915
-454
-1,511
Cash from financing
-569
-244
623
Depreciation and amortisation
597
625
593
-4.5%
Share-based compensation
101
67.7
79.4
+49.6%
Buybacks
0.0
65.4
139
Diluted shares, weighted
444m
419m
416m
+6.0%
Shares outstanding at period end
432m
412m
411m
+5.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,585
3,538
3,302
+29.6%
Non-controlling interest
19.0
19.6
22.4
-3.1%
Debt
3,258
3,590
3,749
-9.2%
Operating lease liabilities
142
116
87.9
+23.1%
Finance lease liabilities
10.2
0.0
n/a
Other liabilities
1,611
1,405
1,264
+14.7%
Total liabilities and equity
9,626
8,668
8,426
+11.1%
Fixed assets
2,524
2,512
2,592
+0.5%
Goodwill
1,938
1,663
1,659
+16.5%
Intangible assets
496
469
590
+5.7%
Cash and equivalents
1,353
1,081
894
+25.2%
Receivables
809
676
705
+19.7%
Inventory
1,380
1,251
1,232
+10.2%
Other assets
1,127
1,015
753
+11.0%
Total assets
9,626
8,668
8,426
+11.1%
10-K for the year ended 31 December 2021, filed 14 February 2022: the filing.