ON SEMICONDUCTOR CORP ON Cash Flow

On semiconductor corp (ON)

CashFlow / Quarterly

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income (loss)
-13,700	56,900	-60,000	102,900	114,100	166,000	167,100	156,300	140,500	531,000	108,900	94,400	78,700	111,700	10,600	25,800	36,400	55,000	46,800	51,400	55,800	200	40,900	95,100	55,900	28,800	52,800	48,700	23,300	-143,500	13,400	8,200	29,000	-7,400	-49,000	35,100	36,200	61,200	88,400	79,600	63,700
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
161,200	162,000	151,300	144,000	135,800	136,200	127,100	125,500	119,900	123,400	127,700	116,500	114,300	120,000	83,800	79,600	80,700	89,800	89,200	88,400	90,200	86,400	72,100	57,900	52,400	55,300	52,900	52,300	51,300	60,900	61,300	60,300	61,100	62,600	56,900	57,100	52,800	44,500	42,400	40,300	39,700
Loss on sale or disposal of fixed assets
-200	-1,400	-100	0	-400	1,200	-1,200	-1,100	-1,300	-1,100	-1,000	1,100	-2,900	-900	-400	-300	100	-200	-400	500	4,000	800	300	0	300	-800	500	-300	7,400	4,800	2,700	500	1,500	1,800	1,800	3,000	2,100	1,700	1,500	1,600	2,100
Non-cash manufacturing expenses associated with favorable supply agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	30,400	50,000	-	-	-	-
Loss on debt refinancing and prepayment
-	-	-	-	-	0	-600	-4,000	-	-14,300	-6,700	0	-26,200	0	-6,300	0	0	-	-	-	-	-	-	-	-	0	0	0	-3,100	0	-7,800	0	0	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
3,000	3,100	3,300	3,400	3,200	3,400	3,100	3,400	3,300	3,800	3,800	3,900	4,500	4,600	3,400	3,000	1,000	900	1,900	-1,800	1,800	-3,700	1,800	1,700	1,600	2,700	2,700	2,700	3,100	4,700	5,500	6,000	7,200	8,400	8,900	8,900	8,700	-	-	-	-
Payments for term debt modification
-	-	-	-	-	0	0	1,100	-	1,400	0	0	2,400	0	26,400	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on SANYO Semiconductor acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	24,300	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	300	-	300	400	300	400	300	300	300	400	600	600	500	500	600	600	600	600	500	700	700
Write-down of excess inventories
-	-	-	-	-	-	-	-	-	-	21,200	21,400	14,200	26,100	4,400	17,800	17,900	14,000	10,200	10,500	17,700	19,500	9,600	4,700	6,800	6,200	5,800	24,000	15,900	21,300	3,300	11,500	15,800	30,400	14,900	2,100	1,700	7,300	2,600	1,200	-1,100
Share-based compensation expense
15,700	17,700	14,700	27,300	19,700	18,900	17,900	23,100	18,400	17,100	16,800	20,800	15,100	14,200	14,200	16,100	11,600	10,600	10,900	14,100	11,300	12,800	11,100	13,400	8,500	8,900	7,000	10,600	5,800	5,800	2,100	5,200	7,400	6,600	6,000	10,500	10,400	11,200	12,200	15,400	13,700
Non-cash interest on convertible notes
9,500	9,900	9,500	9,300	9,100	9,500	9,000	8,900	8,700	8,900	8,600	8,600	4,700	6,400	6,600	6,500	6,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,300	8,700
Non-cash asset impairment charges
1,400	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset impairment charges
0	0	0	400	1,200	3,500	0	3,300	0	5,400	1,500	1,800	4,400	0	0	2,200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash foreign currency translation gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21,000	0	0	0	0	-	-	-	-	-	-	-	-
Change in deferred tax balances
19,000	-400	21,500	-3,300	-29,000	10,700	-36,700	-35,700	-7,500	444,400	-38,900	-21,000	-36,200	103,600	-62,300	-2,100	-1,100	9,300	-500	0	400	2,100	-2,900	21,500	-1,900	-	-	-	-	-1,500	1,400	-1,200	3,200	-	2,000	-12,400	3,200	-2,700	1,900	1,100	2,300
Other
0	-1,400	3,000	-5,800	4,300	-4,200	4,800	-200	1,200	400	-600	-500	-1,500	1,900	-700	4,900	-1,500	-2,700	400	2,100	3,000	-1,200	-700	100	0	-5,400	-200	6,600	-700	200	800	100	500	4,000	-1,100	-400	1,000	300	2,300	200	-1,000
Changes in assets and liabilities:
Receivables
-52,700	-11,000	2,600	-13,700	17,400	-65,000	38,900	4,400	24,400	-6,700	1,100	18,300	45,200	-37,200	-41,100	50,700	-500	-76,300	14,500	36,200	36,900	-67,000	2,500	11,000	33,000	-33,700	12,600	41,700	14,800	-51,900	-27,500	11,300	-27,300	-79,400	-42,200	-3,500	36,000	-20,100	-4,000	14,900	32,100
Inventories
19,500	-8,200	-29,900	3,500	0	24,400	-1,200	42,400	63,900	3,800	49,000	12,000	-4,900	-25,800	-1,000	7,700	27,000	10,400	20,800	6,600	34,700	29,600	13,500	9,700	6,200	23,500	31,500	28,000	5,300	-34,800	-17,300	30,400	23,200	-16,200	-42,300	-18,900	-24,700	17,200	31,900	17,300	17,600
Other assets
-5,900	5,100	21,100	8,000	400	12,100	20,400	3,500	1,400	34,100	10,600	23,600	17,700	1,400	12,700	8,900	2,000	-5,200	22,500	-3,200	-3,900	700	13,400	-5,200	5,200	-1,000	14,000	5,200	-37,300	-9,300	29,900	19,500	-30,200	12,500	7,000	20,800	-25,100	15,700	8,400	1,200	-8,200
Accounts payable
-12,400	-1,900	11,900	-31,100	-58,800	25,500	-2,000	-3,100	24,400	-8,000	24,100	26,500	9,200	14,000	23,200	10,700	-5,500	-20,400	10,800	-16,500	-6,100	-28,500	11,400	-600	400	5,600	-1,900	11,900	-9,000	-31,100	-54,900	7,300	-81,200	-10,800	-55,700	-24,900	-18,300	-6,000	2,200	20,800	9,800
Accrued expenses and other current liabilities
-17,600	-196,000	128,100	-35,400	-98,400	28,300	58,000	-20,300	-9,500	36,400	34,900	76,700	63,100	-18,700	7,400	4,900	-8,900	-35,700	33,500	-8,700	-5,400	14,300	-29,700	10,200	-6,100	28,000	7,500	-15,700	1,900	2,100	-45,300	36,000	13,100	9,500	-27,300	12,000	-29,300	13,100	-8,200	12,900	5,200
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,400	-4,700	-	10,400	1,300	-3,000	2,600	600	-1,100	-2,100
Accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,200	-3,300	3,500	-	3,100	-3,600	3,700	-3,700	3,700	-3,800	3,700
Deferred income on sales to distributors
-	-	-	-	-	-	-	-	-	0	0	-2,500	-107,300	-10,000	3,400	5,800	900	-18,400	-24,700	-900	-9,100	-1,900	4,400	10,900	11,200	-4,700	-7,700	19,100	-700	-15,400	-2,300	-1,300	-18,500	-16,400	700	18,200	20,000	15,000	6,700	18,700	10,300
Other long-term liabilities
-1,400	22,200	-7,100	-9,900	5,000	11,100	-1,800	-13,600	2,900	24,500	-600	-1,400	1,200	3,500	-4,800	1,600	300	-9,600	1,400	-2,400	2,100	8,100	-3,500	-6,800	-13,300	-27,500	-4,600	-17,500	700	-2,700	400	-9,800	-300	3,400	3,900	1,700	2,500	3,100	800	-1,100	-500
Net cash provided by operating activities
166,000	91,700	242,200	222,600	138,200	421,000	358,200	268,500	226,500	224,300	328,200	333,200	208,500	229,300	132,700	104,200	114,900	157,200	128,300	101,600	83,500	162,500	92,300	151,600	74,900	127,000	59,900	55,200	85,200	136,600	11,900	59,100	68,400	164,700	119,200	136,000	125,600	159,800	123,600	158,900	109,500
Cash flows from investing activities:
Purchase of property, plant and equipment
132,300	112,400	111,700	153,500	157,000	132,000	130,400	152,900	99,500	175,700	90,100	69,000	52,700	49,900	35,900	52,000	72,900	66,000	64,500	75,500	64,800	41,300	66,500	48,800	47,700	20,100	50,400	45,800	38,900	57,500	84,100	64,300	50,400	57,100	85,800	84,800	88,700	43,000	52,400	52,500	41,000
Proceeds from sales of property, plant and equipment
-	-	-	-	-	30,200	300	400	5,600	12,200	300	1,600	200	0	0	100	300	700	100	900	9,400	1,200	100	0	200	1,100	200	400	8,000	1,100	3,200	0	1,900	-	-	-	-	-	-	-	-
Deposits utilized (made) for purchase of property, plant and equipment
-2,200	-4,800	-100	-9,800	10,100	-9,700	-8,100	2,100	11,600	6,100	3,200	-1,300	200	3,100	1,300	-400	-1,800	1,600	-200	0	0	-600	-700	-100	-1,200	-300	100	2,900	-1,400	200	-4,100	-7,100	9,600	-	-	-	-	3,400	-2,100	0	900
Purchase of business, net of cash acquired
4,500	0	21,000	867,000	0	-	-	-	-	0	0	0	800	6,800	2,277,200	0	0	21,200	7,200	0	2,900	600	332,200	90,900	0	-	-	-	-	-	-	-	-	0	0	-39,700	57,600	-100	900	23,400	66,800
Settlement of purchase price from previous acquisition
26,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery from insurance on property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11,500	-	-	-	-	-	-	-	-
Increase (Decrease) in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-142,100	-	-	-	-
Proceeds from sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	600	1,500	3,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	0	500	1,500	700	0	52,700	63,500	68,600	31,500	50,700	73,500	88,900	56,100	132,900	99,700	-	-	-	-	0	0	0	45,500
Purchase of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	0	0	1,600	-	0	0	0	0	100	-100	800	10,000	500	0	2,300	700	32,700	156,300	6,000	12,100	39,100	59,300	163,300	-	-	-	-	-	-	-	-
Net cash used in investing activities
-108,600	-107,000	-132,500	-1,104,300	-167,100	-93,600	-120,500	-229,300	-105,500	-170,600	-73,000	-66,100	-55,100	-61,600	-2,185,800	-118,200	-70,800	-66,100	-71,700	-72,500	-54,200	-55,200	-438,400	-86,900	14,900	49,200	-51,500	-153,900	38,000	20,200	-59,800	16,400	-110,200	-114,500	-151,000	-154,000	-4,200	-145,400	-51,200	-75,900	-63,200
Cash flows from financing activities:
Proceeds for the issuance of common stock under the ESPP
7,500	6,600	5,800	6,400	7,400	6,300	11,800	6,900	0	12,200	100	5,400	5,900	4,100	3,900	3,400	3,600	3,700	3,900	3,200	3,800	5,200	2,300	2,500	0	-	-	-	-	4,000	2,000	2,300	0	2,000	2,100	2,100	1,900	1,900	1,800	1,700	1,600
Proceeds from exercise of stock options
0	400	400	400	500	1,300	100	700	3,600	7,100	1,700	1,700	7,500	9,800	2,900	600	1,600	2,000	1,400	2,300	21,400	4,500	5,000	5,800	9,600	2,600	2,900	2,800	3,800	3,400	700	500	4,800	1,100	1,200	16,000	41,100	15,400	600	2,800	4,500
Payment of tax withholding for RSUs
16,000	1,900	4,400	1,100	26,100	2,400	9,300	1,100	18,800	3,100	11,400	600	13,000	1,900	2,200	200	8,000	2,300	1,000	200	11,200	3,100	600	900	4,500	1,700	600	0	2,200	800	500	3,000	5,300	-	-	-	-	-	-	-	-
Repurchase of common stock
65,400	0	13,200	50,800	75,000	200,300	75,000	40,000	0	0	0	0	25,000	0	0	0	0	20,000	103,100	130,100	95,000	68,100	22,900	11,400	19,400	65,200	26,400	9,400	0	33,000	22,500	0	0	0	-12,100	4,500	7,600	-10,200	3,200	3,200	3,800
Borrowings under debt agreements
1,165,000	0	500,500	899,800	4,500	7,100	700	2,200	5,300	405,000	5,300	6,900	689,000	5,000	2,572,400	5,000	4,500	8,400	52,200	749,400	6,500	38,900	292,500	15,000	0	127,500	20,000	0	26,200	12,500	9,100	0	2,000	5,000	22,700	26,100	15,200	73,000	55,800	23,000	200
Payment of debt issuance and other financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	300	3,400	1,900	1,200	0	900	19,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
56,000	14,300	541,500	26,400	12,200	18,500	64,500	79,500	135,900	419,800	220,300	136,900	1,054,400	26,200	223,600	25,600	38,400	17,100	25,300	422,600	30,500	27,300	22,600	27,800	12,900	87,400	22,700	26,100	81,500	56,900	29,100	130,900	15,600	88,500	27,200	24,200	19,600	31,900	23,000	195,100	4,400
Purchase of convertible note hedges
-	-	-	-	-	-	-	-	-	0	0	0	144,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	0	0	0	85,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related payments
4,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of finance lease obligations
0	200	200	200	200	300	100	2,100	1,100	1,200	1,200	1,100	5,400	2,700	2,800	2,800	6,600	4,800	4,400	4,900	8,200	12,200	10,600	9,900	11,100	10,400	9,500	10,300	11,500	10,200	9,400	9,800	11,400	10,900	9,500	8,700	9,900	7,500	9,500	6,100	9,200
Net cash provided by (used in) financing activities
1,030,200	-19,000	-80,200	823,400	-101,100	-209,000	-136,300	-112,900	-146,900	-5,600	-225,800	-124,600	-454,900	-14,600	2,345,300	-21,500	-44,500	-30,100	-77,200	120,700	-113,200	-84,000	241,600	-27,900	-38,300	-33,600	-34,300	-40,900	-65,200	-83,600	-49,700	-140,900	-25,500	-54,900	-70,200	6,800	21,100	46,100	22,500	-176,900	-11,100
Effect of exchange rate changes on cash, cash equivalents and restricted cash
200	-200	100	300	0	200	-600	-900	1,600	-100	200	-100	2,300	-7,400	200	4,100	2,300	-200	800	-1,300	300	-3,700	-2,300	100	1,000	-2,600	-700	-1,300	-7,900	-7,700	1,200	3,100	-5,500	-1,700	4,700	1,800	200	-100	900	300	-200
Net increase (decrease) in cash, cash equivalents and restricted cash
1,087,800	-34,500	29,600	-58,000	-130,000	118,600	100,800	-74,600	-24,300	48,000	29,600	142,400	-299,200	145,700	292,400	-31,400	1,900	60,800	-19,800	148,500	-83,600	19,600	-106,800	36,900	52,500	140,000	-26,600	-140,900	50,100	65,500	-96,400	-62,300	-72,800	-6,400	-97,300	-9,400	142,700	60,400	95,800	-93,600	35,000