ON Semiconductor (ON) FY2022 results: revenue $8.3 billion, up 23.5% on the year
ON Semiconductor Corp. (ON) reported revenue of $8.3 billion for fiscal 2022, the year ended 31 December 2022, up 23.5% on the year before. Net income was $1.9 billion, up 88.4%, and diluted earnings per share $4.25. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2023.
Revenue
$8.3 billion
+23.5% on the year
FY2015FY2022
Operating margin
28.3%
19.1% a year earlier
FY2015FY2022
Net income
$1.9 billion
+88.4% on the year
FY2015FY2022
Diluted EPS
$4.25
+87.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,633
1,782
884
+47.8%
Capital expenditure
1,036
445
384
+133.0%
Free cash flow
1,597
1,337
501
+19.4%
Free cash flow margin
19.2%
19.8%
9.5%
Cash from investing
-705
-915
-454
Cash from financing
-370
-569
-244
Depreciation and amortisation
552
597
625
-7.5%
Share-based compensation
101
101
67.7
-0.5%
Buybacks
260
0.0
65.4
Diluted shares, weighted
448m
444m
419m
+1.0%
Shares outstanding at period end
432m
432m
412m
-0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,188
4,585
3,538
+35.0%
Non-controlling interest
18.5
19.0
19.6
-2.6%
Debt
3,228
3,258
3,590
-0.9%
Operating lease liabilities
246
142
116
+73.1%
Finance lease liabilities
23.0
10.2
0.0
+125.5%
Other liabilities
2,274
1,611
1,405
+41.2%
Total liabilities and equity
11,978
9,626
8,668
+24.4%
Fixed assets
3,451
2,524
2,512
+36.7%
Goodwill
1,578
1,938
1,663
-18.6%
Intangible assets
360
496
469
-27.4%
Cash and equivalents
2,919
1,353
1,081
+115.8%
Receivables
842
809
676
+4.1%
Inventory
1,617
1,380
1,251
+17.2%
Other assets
1,212
1,127
1,015
+7.6%
Total assets
11,978
9,626
8,668
+24.4%
10-K for the year ended 31 December 2022, filed 6 February 2023: the filing.