Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD, Per Share]

EPS - Diluted [USD, Per Share]

d76ea04509484cbb9b227e84c7522598ed2ed265b39167ce18c0082d5a0d8eac

6975f1287b21e1e14309fb3253ff29388ac247053f1d326f6a0ff981a04bffaf

Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

141fb1f2fb7ed7bce63b94a13f3365bbceade4502f5d901f36fc26a661413c48

5bab45e84530d7f3519bdfdd3908495c32b0cb34ed528b00c3c4dc95e79208b4

Total Remaining Performance Obligations for Long-term Supply Agreements (USD billions)

Percentage of Remaining Performance Obligations for Long-term Supply Agreements Recognized in Next 12 Months (percentage)

3a7527730eff42e0e0316e91b14c726884417c4ad3d668c137970d29e90117a3

Hong Kong

Singapore

United Kingdom

United States

China

Japan

Other

Total Revenue

1d5e25e624356afe461db657ae446a7612974e8b44ee9b683e181ec849a538e5

Cash and cash equivalents (USD, millions)

Short-term investments (USD, millions)

Receivables, net (USD, millions)

Inventories (USD, millions)

Other current assets (USD, millions)

Total current assets (USD, millions)

Property, plant and equipment, net (USD, millions)

Goodwill (USD, millions)

Intangible assets, net (USD, millions)

Deferred tax assets (USD, millions)

ROU financing lease assets (USD, millions)

Other assets (USD, millions)

Total assets (USD, millions)

Accounts payable (USD, millions)

Accrued expenses and other current liabilities (USD, millions)

Current portion of financing lease liabilities (USD, millions)

Current portion of long-term debt (USD, millions)

Total current liabilities (USD, millions)

Long-term debt (USD, millions)

Deferred tax liabilities (USD, millions)

Long-term financing lease liabilities (USD, millions)

Other long-term liabilities (USD, millions)

Total liabilities (USD, millions)

Common stock (USD, millions)

Additional paid-in capital (USD, millions)

Accumulated other comprehensive loss (USD, millions)

Accumulated earnings (USD, millions)

Less: Treasury stock, at cost (USD, millions)

Total ON Semiconductor Corporation stockholders’ equity (USD, millions)

Non-controlling interest (USD, millions)

Total stockholders’ equity (USD, millions)

Total liabilities and stockholders’ equity (USD, millions)

6f811fce2cc21d3ba2b487da6b41eb86f6299e8288b64d031e4346fb6f5b444a

The drop in **Cash and cash equivalents** in Q2 2024 was primarily driven by a combination of factors. First, the cash generated from operating activities decreased from **$498.7 million** in the previous quarter to **$362.2 million** in Q2 2024. Additionally, the company used **$590.9 million** for investing activities, mainly due to significant capital expenditures and the purchase of short-term investments, and **$152.7 million** was used in financing activities, including share repurchases and other costs. Finally, a negative impact of **$2.2 million** from exchange rate changes also contributed to the decline. These factors together led to a net decrease of **$383.6 million** during the quarter.  **[0001193125-24-186735_d858048dex991.htm:5]** 

Why did Cash and cash equivalents drop in Q2 2024?

The documents indicate that **net receivables increased from $935.4 million as of December 31, 2023, to $1,070.6 million as of September 27, 2024**. However, they do not provide specific reasons for what drove this increase.  **[0001193125-24-244677_d901571dex991.htm:4]** **[0001628280-24-043880_on-20240927.htm:2]** 

What drove the increase in Receivables, net in Q3 2024?

Accrued expenses and other current liabilities were higher in Q3 2024 primarily due to a significant accrued restructuring balance related to the company’s 2024 Business Realignment. This restructuring led to severance costs, related benefit expenses, and other charges approximating **$70 million** during the nine months ended September 27, 2024, with **$63 million** remaining accrued for employees who have not yet been terminated or relocated. This change contributed to an increase from **$663.2 million** as of December 31, 2023, to **$734.3 million** as of September 27, 2024.  **[0001628280-24-043880_on-20240927.htm:2]** **[0001193125-24-244677_d901571dex991.htm:4]** **[0001628280-24-043880_on-20240927.htm:13]** 

Why are Accrued expenses and other current liabilities higher in Q3 2024?

Based on the documents, **Other current assets** declined from **532.2 million USD in Q2 2024**  **[0001628280-24-033229_on-20240628.htm:2]**  to **461.1 million USD in Q3 2024**.  **[0001628280-24-043880_on-20240927.htm:2]**  However, the documents do not provide any specific reasons for this decline.  **[0001628280-24-043880_on-20240927.htm:2]** 

What caused the decline in Other current assets in Q3 2024?

38daea0977b3bb786e178a766ee45d583e72389997ff5713e43948f72f47839d

ON Semiconductor Corp (ON)

Financials