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ON (ONON) Financials

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$42.62 -0.55 (-1.26%)
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Annual Income Statements for ON

Annual Income Statements for ON

This table shows ON's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -0.80 -30 -186 69 95 267
Consolidated Net Income / (Loss)		 -0.80 -30 -186 69 95 267
Net Income / (Loss) Continuing Operations		 -0.80 -30 -186 69 95 267
Total Pre-Tax Income 		3.97 -27 -175 91 82 308
Total Operating Income		 5.88 -19 -158 92 201 208
Total Gross Profit		 148 261 470 741 1,270 1,550
Total Revenue		 276 480 792 1,322 2,132 2,557
Operating Revenue		 276 480 792 1,322 2,132 2,557
Total Cost of Revenue		 129 220 322 588 862 1,006
Operating Cost of Revenue		 129 220 322 588 862 1,006
Total Operating Expenses		 142 280 629 649 1,069 1,342
Selling, General & Admin Expense		 142 280 625 649 1,055 1,317
Other Operating Expenses / (Income)		 - - 3.94 - 13 25
Total Other Income / (Expense), net		 -1.91 -7.23 -16 -0.87 -119 101
Other Income / (Expense), net		 -1.96 -7.23 -16 -7.03 -119 101
Income Tax Expense		 4.78 3.50 12 22 -12 41
Weighted Average Basic Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M
Weighted Average Diluted Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M
Weighted Average Basic & Diluted Shares Outstanding		 - - 276.86M 281.98M 284.22M 289.30M

Quarterly Income Statements for ON

No quarterly income statements for ON are available.

Annual Cash Flow Statements for ON

This table details how cash moves in and out of ON's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -16 103 630 -329 194 431
Net Cash From Operating Activities		 -5.40 118 -53 -246 252 563
Net Cash From Continuing Operating Activities		 -4.91 118 -53 -315 252 322
Net Income / (Loss) Continuing Operations		 0.00 -31 -186 0.00 95 0.00
Depreciation Expense		 5.52 14 34 50 77 115
Non-Cash Adjustments To Reconcile Net Income		 0.18 138 69 -100 -37 150
Changes in Operating Assets and Liabilities, net		 -11 -1.92 30 -266 117 57
Net Cash From Investing Activities		 -9.86 0.00 -40 -90 -51 -72
Net Cash From Continuing Investing Activities		 -9.86 0.00 0.00 -90 -51 -72
Purchase of Property, Plant & Equipment		 -7.68 - - -65 -51 -4.96
Sale of Property, Plant & Equipment		 - - - - 0.00 -67
Net Cash From Financing Activities		 -0.71 -3.39 652 6.82 0.00 -61
Net Cash From Continuing Financing Activities		 -2.07 -3.39 676 12 0.00 -44
Repayment of Debt		 -2.07 -3.39 - -17 - -57
Issuance of Common Equity		 0.00 - 676 29 0.00 12
Cash Interest Paid		 0.51 - 3.06 5.09 7.73 17
Cash Interest Received		 - 0.00 0.00 - 13 25

Quarterly Cash Flow Statements for ON

No quarterly cash flow statements for ON are available.

Annual Balance Sheets for ON

This table presents ON's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets		 432 1,352 1,496 1,895 2,621
Total Current Assets		 299 1,022 1,102 1,329 1,878
Cash & Equivalents		 102 714 401 588 1,019
Accounts Receivable		 58 109 189 244 271
Inventories, net		 116 147 428 424 462
Other Current Assets		 23 52 83 73 125
Plant, Property, & Equipment, net		 -233 -706 -799 -1,000 -861
Plant, Property & Equipment, gross		 -268 -926 -954 -1,000 -861
Total Noncurrent Assets		 200 485 549 765 1,253
Intangible Assets		 62 63 76 77 64
Noncurrent Deferred & Refundable Income Taxes		 6.68 2.41 34 83 119
Other Noncurrent Operating Assets		 132 420 439 605 1,070
Total Liabilities & Shareholders' Equity		 432 1,352 1,496 1,895 2,621
Total Liabilities		 225 624 696 949 1,770
Total Current Liabilities		 88 183 209 264 514
Accounts Payable		 88 183 209 264 514
Total Noncurrent Liabilities		 138 440 488 685 1,256
Capital Lease Obligations		 - - - 272 383
Asset Retirement Reserve & Litigation Obligation		 94 220 263 352 724
Noncurrent Deferred & Payable Income Tax Liabilities		 7.59 8.75 34 40 81
Noncurrent Employee Benefit Liabilities		 6.36 6.45 6.82 2.62 9.48
Other Noncurrent Operating Liabilities		 30 205 184 18 58
Total Equity & Noncontrolling Interests		 2.45 9.29 8.01 -67 205
Total Preferred & Common Equity		 2.45 9.29 8.01 -67 205
Total Common Equity		 2.45 9.29 8.01 -67 205
Common Stock		 2.45 37 36 40 37
Retained Earnings		 - - - -75 197
Treasury Stock		 0.00 -27 -28 -32 -30

Quarterly Balance Sheets for ON

No quarterly balance sheets for ON are available.

Annual Metrics and Ratios for ON

This table displays calculated financial ratios and metrics derived from ON's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 73.88% 64.98% 66.92% 61.23% 19.90%
EBITDA Growth		 0.00% -236.24% -988.93% 196.50% 17.77% 165.95%
EBIT Growth		 0.00% -776.07% -557.63% 148.74% -3.48% 275.59%
NOPAT Growth		 0.00% -1,036.47% -719.39% 163.23% 230.65% -22.27%
Net Income Growth		 0.00% -3,638.62% -519.58% 137.27% 36.36% 182.38%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 2,291.26% -144.86% -363.23% 202.44% 123.77%
Free Cash Flow Firm Growth		 0.00% 0.00% 660.48% -160.73% 170.64% -7.56%
Invested Capital Growth		 0.00% 0.00% -773.42% 54.29% 30.50% 20.62%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 53.58% 54.34% 59.38% 56.04% 59.55% 60.63%
EBITDA Margin		 3.42% -2.68% -17.69% 10.23% 7.47% 16.57%
Operating Margin		 2.13% -4.02% -19.97% 6.96% 9.42% 8.13%
EBIT Margin		 1.42% -5.53% -22.03% 6.43% 3.85% 12.06%
Profit (Net Income) Margin		 -0.29% -6.25% -23.49% 5.25% 4.44% 10.45%
Tax Burden Percent		 -20.22% 113.19% 106.64% 76.04% 115.22% 86.62%
Interest Burden Percent		 101.24% 100.00% 100.00% 107.25% 100.00% 100.00%
Effective Tax Rate		 120.22% 0.00% 0.00% 23.96% -15.22% 13.38%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -1,224.68% -3,168.56% 801.84% -319.47% 388.01%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -6.14% -19.56% 5.97% 4.84% 13.65%
Return on Assets (ROA)		 0.00% -6.95% -20.86% 4.87% 5.58% 11.83%
Return on Common Equity (ROCE)		 0.00% -1,224.68% -3,168.56% 801.84% -319.47% 388.01%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -1,224.68% -2,002.35% 866.22% -140.71% 130.36%
Net Operating Profit after Tax (NOPAT)		 -1.19 -14 -111 70 232 180
NOPAT Margin		 -0.43% -2.81% -13.98% 5.29% 10.86% 7.04%
Net Nonoperating Expense Percent (NNEP)		 0.00% -51.64% -24.68% -0.16% -76.69% 39.25%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 874.44% 112.81% 30.60%
Cost of Revenue to Revenue		 46.68% 45.87% 40.62% 44.48% 40.44% 39.37%
SG&A Expenses to Revenue		 51.45% 58.36% 78.86% 49.08% 49.50% 51.51%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 51.45% 58.36% 79.35% 49.08% 50.13% 52.51%
Earnings before Interest and Taxes (EBIT)		 3.92 -27 -175 85 82 308
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.45 -13 -140 135 159 424
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 304.34 126.53 593.29 0.00 75.97
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 110.71
Price to Revenue (P/Rev)		 2.70 1.55 1.48 3.59 3.57 6.09
Price to Earnings (P/E)		 0.00 0.00 0.00 68.49 80.40 58.28
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 1.46% 1.24% 1.72%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 1.34 0.58 3.29 3.42 5.84
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 32.16 45.75 35.24
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 51.14 88.79 48.42
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 62.12 31.48 82.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 5.45 0.00 0.00 28.97 26.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 13.41 1.26 0.00 46.54 103.13
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 -4.05 1.87
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 -4.05 1.87
Financial Leverage		 0.00 -26.09 -51.99 -46.26 6.03 -3.22
Leverage Ratio		 0.00 176.14 151.87 164.60 -57.27 32.80
Compound Leverage Factor		 0.00 176.14 151.87 176.54 -57.27 32.80
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 132.75% 65.17%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 132.75% 65.17%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 100.00% 100.00% 100.00% -32.75% 34.83%
Debt to EBITDA		 0.00 0.00 0.00 0.00 1.71 0.90
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -1.98 -1.50
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 1.71 0.90
Debt to NOPAT		 0.00 0.00 0.00 0.00 1.18 2.13
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -1.36 -3.53
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 1.18 2.13
Altman Z-Score		 0.00 3.48 2.04 5.88 6.70 7.37
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 3.41 5.58 5.28 5.04 3.66
Quick Ratio		 0.00 1.83 4.49 2.83 3.16 2.51
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 48 365 -222 157 145
Operating Cash Flow to CapEx		 -70.21% 0.00% 0.00% -376.45% 494.16% 786.75%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 1.11 0.89 0.93 1.26 1.13
Accounts Receivable Turnover		 0.00 8.24 9.50 8.89 9.86 9.93
Inventory Turnover		 0.00 1.90 2.45 2.05 2.02 2.27
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 2.51 2.38 3.00 3.65 2.59
Days Sales Outstanding (DSO)		 0.00 44.31 38.44 41.06 37.03 36.77
Days Inventory Outstanding (DIO)		 0.00 192.47 149.10 178.34 180.36 160.75
Days Payable Outstanding (DPO)		 0.00 145.28 153.66 121.55 99.90 140.94
Cash Conversion Cycle (CCC)		 0.00 91.50 33.88 97.85 117.49 56.57
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 -62 -537 -246 -171 -136
Invested Capital Turnover		 0.00 -15.61 -2.65 -3.38 -10.24 -16.70
Increase / (Decrease) in Invested Capital		 0.00 -62 -476 292 75 35
Enterprise Value (EV)		 0.00 644 462 4,350 7,289 14,930
Market Capitalization		 746 746 1,176 4,751 7,605 15,566
Book Value per Share		 $0.00 $0.08 $0.03 $0.03 ($0.24) $0.72
Tangible Book Value per Share		 $0.00 ($1.91) ($0.19) ($0.25) ($0.51) $0.49
Total Capital		 0.00 2.45 9.29 8.01 205 588
Total Debt		 0.00 0.00 0.00 0.00 272 383
Total Long-Term Debt		 0.00 0.00 0.00 0.00 272 383
Net Debt		 0.00 -102 -714 -401 -316 -636
Capital Expenditures (CapEx)		 7.68 0.00 0.00 65 51 72
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 109 125 492 477 345
Debt-free Net Working Capital (DFNWC)		 0.00 212 839 893 1,066 1,365
Net Working Capital (NWC)		 0.00 212 839 893 1,066 1,365
Net Nonoperating Expense (NNE)		 -0.39 17 75 0.66 137 -87
Net Nonoperating Obligations (NNO)		 0.00 -64 -547 -254 -104 -340
Total Depreciation and Amortization (D&A)		 5.52 14 34 50 77 115
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 22.77% 15.72% 37.19% 22.38% 13.51%
Debt-free Net Working Capital to Revenue		 0.00% 44.08% 105.85% 67.55% 49.97% 53.38%
Net Working Capital to Revenue		 0.00% 44.08% 105.85% 67.55% 49.97% 53.38%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 276.86M 281.98M 284.22M 289.30M
Normalized Net Operating Profit after Tax (NOPAT)		 4.12 -14 -111 70 141 180
Normalized NOPAT Margin		 1.49% -2.81% -13.98% 5.29% 6.60% 7.04%
Pre Tax Income Margin		 1.44% -5.53% -22.03% 6.90% 3.85% 12.06%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for ON

No quarterly metrics and ratios for ON are available.

Frequently Asked Questions About ON's Financials

When does ON's fiscal year end?

According to the most recent income statement we have on file, ON's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ON's net income changed over the last 5 years?

ON's net income appears to be on an upward trend, with a most recent value of $267.09 million in 2024, falling from -$803.38 thousand in 2019. The previous period was $94.59 million in 2023.

What is ON's operating income?
ON's total operating income in 2024 was $207.76 million, based on the following breakdown:
  • Total Gross Profit: $1.55 billion
  • Total Operating Expenses: $1.34 billion
How has ON revenue changed over the last 5 years?

Over the last 5 years, ON's total revenue changed from $276.19 million in 2019 to $2.56 billion in 2024, a change of 825.7%.

How much debt does ON have?

ON's total liabilities were at $1.77 billion at the end of 2024, a 86.6% increase from 2023, and a 684.8% increase since 2020.

How much cash does ON have?

In the past 4 years, ON's cash and equivalents has ranged from $102.35 million in 2020 to $1.02 billion in 2024, and is currently $1.02 billion as of their latest financial filing in 2024.

How has ON's book value per share changed over the last 5 years?

Over the last 5 years, ON's book value per share changed from 0.00 in 2019 to 0.72 in 2024, a change of 72.1%.

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This page (NYSE:ONON) was last updated on 4/15/2025 by MarketBeat.com Staff
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