| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
5,517,900 | 5,878,300 | 5,543,100 | 3,906,900 | 3,495,800 | 3,161,800 | 2,782,700 | 2,894,900 | 3,442,300 | 2,313,400 | 1,768,900 | 2,054,800 |
Cost of revenue (exclusive of amortization shown below) | |||||||||||
3,544,300 | 3,639,600 | 3,507,500 | 2,606,400 | 2,302,600 | 2,076,900 | 1,853,600 | 1,948,600 | 2,433,500 | 1,357,400 | 1,148,200 | 1,309,300 |
Gross profit | |||||||||||
1,973,600 | 2,238,700 | 2,035,600 | 1,300,500 | 1,193,200 | 1,084,900 | 929,100 | 946,300 | 1,008,800 | 956,000 | 620,700 | 745,500 |
Operating expenses: | |||||||||||
Research and development | |||||||||||
640,900 | 650,700 | 594,700 | 446,800 | 396,700 | 366,600 | 334,200 | 367,500 | 362,500 | 248,000 | 198,800 | 233,900 |
Selling and marketing | |||||||||||
301,000 | 324,700 | 316,600 | 236,700 | 204,300 | 200,000 | 171,200 | 180,900 | 195,100 | 145,600 | 120,900 | 134,400 |
General and administrative | |||||||||||
284,000 | 293,300 | 285,000 | 230,000 | 182,300 | 180,900 | 148,500 | 160,600 | 192,400 | 129,900 | 104,500 | 122,400 |
Litigation settlement | |||||||||||
169,500 | 0 | 0 | - | - | - | - | - | - | - | - | - |
In-process research and development | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,100 |
Amortization of acquisition-related intangible assets | |||||||||||
115,200 | 111,700 | 123,800 | 104,800 | 135,700 | 68,400 | 33,100 | 44,400 | 42,700 | 31,700 | 29,000 | 22,900 |
Restructuring, asset impairments and other charges, net | |||||||||||
28,700 | 4,300 | 20,800 | 33,200 | 9,300 | 30,500 | 33,200 | 163,700 | 102,700 | 10,500 | 24,900 | 26,200 |
Intangible asset impairment | |||||||||||
1,600 | 6,800 | 13,100 | 2,200 | 3,800 | 9,600 | 0 | 49,500 | 0 | 16,100 | - | 544,500 |
Total operating expenses | |||||||||||
1,540,900 | 1,391,500 | 1,354,000 | 1,053,700 | 932,100 | 856,000 | 720,200 | 966,600 | 895,400 | 581,800 | 478,100 | 1,111,400 |
Operating income | |||||||||||
432,700 | 847,200 | 681,600 | 246,800 | 261,100 | 228,900 | 208,900 | -20,300 | 113,400 | 374,200 | 142,600 | -365,900 |
Other income (expense), net: | |||||||||||
Interest expense | |||||||||||
148,300 | 128,200 | 141,200 | 145,300 | 49,700 | 34,100 | 38,600 | 56,100 | 68,900 | 61,400 | 64,600 | 79,900 |
Interest income | |||||||||||
10,200 | 6,100 | 3,000 | 4,500 | 1,100 | 1,500 | 1,300 | 1,500 | 1,100 | 500 | 800 | 6,900 |
Loss on debt refinancing and prepayment | |||||||||||
-6,200 | -4,600 | - | -6,300 | -400 | 0 | -3,100 | -7,800 | -23,200 | -700 | -3,100 | 3,800 |
Gain on divestiture of business | |||||||||||
0 | 5,000 | 12,500 | 92,200 | 0 | 0 | - | - | - | - | - | - |
Licensing income | |||||||||||
0 | 36,600 | 47,600 | 0 | 0 | - | - | - | - | - | - | - |
Other income | |||||||||||
-11,800 | -7,100 | -8,800 | -11,300 | 7,700 | -4,400 | 1,500 | 5,800 | -8,900 | -6,900 | -4,700 | -2,900 |
Gain on SANYO Semiconductor acquisition | |||||||||||
- | - | - | - | - | - | - | - | 24,300 | 0 | - | - |
Other income (expense), net | |||||||||||
-156,100 | -92,200 | -134,100 | -66,200 | -41,300 | -37,000 | -38,900 | -56,600 | -75,600 | -68,500 | -71,600 | -72,100 |
Income (loss) before income taxes | |||||||||||
276,600 | 755,000 | 547,500 | 180,600 | 219,800 | 191,900 | 170,000 | -76,900 | 37,800 | 305,700 | 71,000 | -438,000 |
Income tax (provision) benefit | |||||||||||
62,700 | 125,100 | -265,500 | -3,900 | 10,800 | -200 | 16,400 | 16,000 | 22,900 | 12,800 | 7,700 | -9,400 |
Net income (loss) | |||||||||||
213,900 | 629,900 | 813,000 | 184,500 | 209,000 | 192,100 | 153,600 | -92,900 | 14,900 | 292,900 | 63,300 | -428,600 |
Less: Net income attributable to non-controlling interest | |||||||||||
2,200 | 2,500 | 2,300 | 2,400 | 2,800 | 2,400 | 3,200 | 4,300 | 3,300 | 2,400 | 2,300 | 300 |
Net income (loss) attributable to ON Semiconductor Corporation | |||||||||||
211,700 | 627,400 | 810,700 | 182,100 | 206,200 | 189,700 | 150,400 | -97,200 | 11,600 | 290,500 | 61,000 | -428,900 |
Comprehensive income (loss), net of tax: | |||||||||||
Comprehensive income (loss), net of tax: | |||||||||||
Foreign currency translation adjustments | |||||||||||
100 | 700 | 7,000 | -8,000 | 300 | 3,500 | -3,800 | 4,300 | 12,300 | 5,700 | - | - |
Effects of cash flow hedges | |||||||||||
-16,500 | - | - | - | - | - | - | - | - | - | - | - |
Effects of cash flow hedges | |||||||||||
- | 2,000 | 2,600 | 100 | 3,400 | -1,700 | -2,600 | 800 | 0 | 0 | - | - |
Effects of available-for-sale securities | |||||||||||
- | - | - | - | -4,500 | 4,100 | 0 | 400 | 0 | 0 | - | - |
Amortization of prior service costs of defined benefit plan | |||||||||||
- | - | - | - | - | - | 100 | 100 | 100 | -100 | - | - |
Other comprehensive loss, net of tax | |||||||||||
-16,400 | 2,700 | 9,600 | -7,900 | -800 | 5,900 | -6,300 | 5,600 | 12,400 | - | - | - |
Comprehensive income (loss) | |||||||||||
197,500 | 632,600 | 822,600 | 176,600 | 208,200 | 198,000 | 147,300 | -87,300 | 27,300 | 298,700 | - | - |
Comprehensive income attributable to non-controlling interest | |||||||||||
2,200 | 2,500 | 2,300 | 2,400 | 2,800 | 2,400 | 3,200 | 4,300 | 3,300 | 2,400 | - | - |
Comprehensive income (loss) attributable to ON Semiconductor Corporation | |||||||||||
195,300 | 630,100 | 820,300 | 174,200 | 205,400 | 195,600 | 144,100 | -91,600 | 24,000 | 296,300 | - | - |
Net income (loss) per common share attributable to ON Semiconductor Corporation: | |||||||||||
Basic (in dollars per share) | |||||||||||
0.52 | 1.48 | 1.92 | 0.44 | 0.49 | 0.43 | 0.34 | -0.21 | 0.03 | 0.67 | 0.14 | -1.13 |
Diluted (in dollars per share) | |||||||||||
0.51 | 1.44 | 1.89 | 0.43 | 0.48 | 0.43 | 0.33 | -0.21 | 0.03 | 0.65 | 0.14 | -1.13 |
Weighted-average common shares outstanding: | |||||||||||
Weighted-average common shares outstanding: | |||||||||||
Basic (in shares) | |||||||||||
410,900 | 423,800 | 421,900 | 415,200 | 421,200 | 439,500 | 447,900 | 452,600 | 446,700 | 431,000 | 420,800 | 379,000 |
Diluted (in shares) | |||||||||||
416,000 | 435,900 | 428,300 | 420,000 | 427,800 | 443,500 | 450,700 | 452,600 | 457,200 | 444,400 | 432,100 | 379,000 |