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ON (ONON) Financials

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$59.49 -0.29 (-0.49%)
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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 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders		 267 95 69 -186 -30 -0.80
Consolidated Net Income / (Loss)		 267 95 69 -186 -30 -0.80
Net Income / (Loss) Continuing Operations		 267 95 69 -186 -30 -0.80
Total Pre-Tax Income 		308 82 91 -175 -27 3.97
Total Operating Income		 208 201 92 -158 -19 5.88
Total Gross Profit		 1,550 1,270 741 470 261 148
Total Revenue		 2,557 2,132 1,322 792 480 276
Operating Revenue		 2,557 2,132 1,322 792 480 276
Total Cost of Revenue		 1,006 862 588 322 220 129
Operating Cost of Revenue		 1,006 862 588 322 220 129
Total Operating Expenses		 1,342 1,069 649 629 280 142
Selling, General & Admin Expense		 1,317 1,055 649 625 280 142
Other Operating Expenses / (Income)		 25 13 - 3.94 - -
Total Other Income / (Expense), net		 101 -119 -0.87 -16 -7.23 -1.91
Other Income / (Expense), net		 101 -119 -7.03 -16 -7.23 -1.96
Income Tax Expense		 41 -12 22 12 3.50 4.78
Weighted Average Basic Shares Outstanding		 289.30M 284.22M 281.98M 276.86M - -
Weighted Average Diluted Shares Outstanding		 289.30M 284.22M 281.98M 276.86M - -
Weighted Average Basic & Diluted Shares Outstanding		 289.30M 284.22M 281.98M 276.86M - -

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

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 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Total Assets		 2,621 1,895 1,496 1,352 432
Total Current Assets		 1,878 1,329 1,102 1,022 299
Cash & Equivalents		 1,019 588 401 714 102
Accounts Receivable		 271 244 189 109 58
Inventories, net		 462 424 428 147 116
Other Current Assets		 125 73 83 52 23
Plant, Property, & Equipment, net		 -861 -1,000 -799 -706 -233
Plant, Property & Equipment, gross		 -861 -1,000 -954 -926 -268
Total Noncurrent Assets		 1,253 765 549 485 200
Intangible Assets		 64 77 76 63 62
Noncurrent Deferred & Refundable Income Taxes		 119 83 34 2.41 6.68
Other Noncurrent Operating Assets		 1,070 605 439 420 132
Total Liabilities & Shareholders' Equity		 2,621 1,895 1,496 1,352 432
Total Liabilities		 1,770 949 696 624 225
Total Current Liabilities		 514 264 209 183 88
Accounts Payable		 514 264 209 183 88
Total Noncurrent Liabilities		 1,256 685 488 440 138
Capital Lease Obligations		 383 272 - - -
Asset Retirement Reserve & Litigation Obligation		 724 352 263 220 94
Noncurrent Deferred & Payable Income Tax Liabilities		 81 40 34 8.75 7.59
Noncurrent Employee Benefit Liabilities		 9.48 2.62 6.82 6.45 6.36
Other Noncurrent Operating Liabilities		 58 18 184 205 30
Total Equity & Noncontrolling Interests		 205 -67 8.01 9.29 2.45
Total Preferred & Common Equity		 205 -67 8.01 9.29 2.45
Total Common Equity		 205 -67 8.01 9.29 2.45
Common Stock		 37 40 36 37 2.45
Retained Earnings		 197 -75 - - -
Treasury Stock		 -30 -32 -28 -27 0.00

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 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics		 - - - - - -
Revenue Growth		 19.90% 61.23% 66.92% 64.98% 73.88% 0.00%
EBITDA Growth		 165.95% 17.77% 196.50% -988.93% -236.24% 0.00%
EBIT Growth		 275.59% -3.48% 148.74% -557.63% -776.07% 0.00%
NOPAT Growth		 -22.27% 230.65% 163.23% -719.39% -1,036.47% 0.00%
Net Income Growth		 182.38% 36.36% 137.27% -519.58% -3,638.62% 0.00%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 123.77% 202.44% -363.23% -144.86% 2,291.26% 0.00%
Free Cash Flow Firm Growth		 -7.56% 170.64% -160.73% 660.48% 0.00% 0.00%
Invested Capital Growth		 20.62% 30.50% 54.29% -773.42% 0.00% 0.00%
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		 60.63% 59.55% 56.04% 59.38% 54.34% 53.58%
EBITDA Margin		 16.57% 7.47% 10.23% -17.69% -2.68% 3.42%
Operating Margin		 8.13% 9.42% 6.96% -19.97% -4.02% 2.13%
EBIT Margin		 12.06% 3.85% 6.43% -22.03% -5.53% 1.42%
Profit (Net Income) Margin		 10.45% 4.44% 5.25% -23.49% -6.25% -0.29%
Tax Burden Percent		 86.62% 115.22% 76.04% 106.64% 113.19% -20.22%
Interest Burden Percent		 100.00% 100.00% 107.25% 100.00% 100.00% 101.24%
Effective Tax Rate		 13.38% -15.22% 23.96% 0.00% 0.00% 120.22%
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)		 388.01% -319.47% 801.84% -3,168.56% -1,224.68% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 13.65% 4.84% 5.97% -19.56% -6.14% 0.00%
Return on Assets (ROA)		 11.83% 5.58% 4.87% -20.86% -6.95% 0.00%
Return on Common Equity (ROCE)		 388.01% -319.47% 801.84% -3,168.56% -1,224.68% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 130.36% -140.71% 866.22% -2,002.35% -1,224.68% 0.00%
Net Operating Profit after Tax (NOPAT)		 180 232 70 -111 -14 -1.19
NOPAT Margin		 7.04% 10.86% 5.29% -13.98% -2.81% -0.43%
Net Nonoperating Expense Percent (NNEP)		 39.25% -76.69% -0.16% -24.68% -51.64% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 30.60% 112.81% 874.44% - - -
Cost of Revenue to Revenue		 39.37% 40.44% 44.48% 40.62% 45.87% 46.68%
SG&A Expenses to Revenue		 51.51% 49.50% 49.08% 78.86% 58.36% 51.45%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 52.51% 50.13% 49.08% 79.35% 58.36% 51.45%
Earnings before Interest and Taxes (EBIT)		 308 82 85 -175 -27 3.92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 424 159 135 -140 -13 9.45
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 75.97 0.00 593.29 126.53 304.34 0.00
Price to Tangible Book Value (P/TBV)		 110.71 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.09 3.57 3.59 1.48 1.55 2.70
Price to Earnings (P/E)		 58.28 80.40 68.49 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.72% 1.24% 1.46% 0.00% 0.00% 0.00%
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)		 5.84 3.42 3.29 0.58 1.34 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 35.24 45.75 32.16 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 48.42 88.79 51.14 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 82.96 31.48 62.12 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 26.52 28.97 0.00 0.00 5.45 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 103.13 46.54 0.00 1.26 13.41 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 1.87 -4.05 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 1.87 -4.05 0.00 0.00 0.00 0.00
Financial Leverage		 -3.22 6.03 -46.26 -51.99 -26.09 0.00
Leverage Ratio		 32.80 -57.27 164.60 151.87 176.14 0.00
Compound Leverage Factor		 32.80 -57.27 176.54 151.87 176.14 0.00
Debt to Total Capital		 65.17% 132.75% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 65.17% 132.75% 0.00% 0.00% 0.00% 0.00%
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		 34.83% -32.75% 100.00% 100.00% 100.00% 0.00%
Debt to EBITDA		 0.90 1.71 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -1.50 -1.98 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.90 1.71 0.00 0.00 0.00 0.00
Debt to NOPAT		 2.13 1.18 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -3.53 -1.36 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 2.13 1.18 0.00 0.00 0.00 0.00
Altman Z-Score		 7.37 6.70 5.88 2.04 3.48 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 3.66 5.04 5.28 5.58 3.41 0.00
Quick Ratio		 2.51 3.16 2.83 4.49 1.83 0.00
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 145 157 -222 365 48 0.00
Operating Cash Flow to CapEx		 786.75% 494.16% -376.45% 0.00% 0.00% -70.21%
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		 1.13 1.26 0.93 0.89 1.11 0.00
Accounts Receivable Turnover		 9.93 9.86 8.89 9.50 8.24 0.00
Inventory Turnover		 2.27 2.02 2.05 2.45 1.90 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 2.59 3.65 3.00 2.38 2.51 0.00
Days Sales Outstanding (DSO)		 36.77 37.03 41.06 38.44 44.31 0.00
Days Inventory Outstanding (DIO)		 160.75 180.36 178.34 149.10 192.47 0.00
Days Payable Outstanding (DPO)		 140.94 99.90 121.55 153.66 145.28 0.00
Cash Conversion Cycle (CCC)		 56.57 117.49 97.85 33.88 91.50 0.00
Capital & Investment Metrics		 - - - - - -
Invested Capital		 -136 -171 -246 -537 -62 0.00
Invested Capital Turnover		 -16.70 -10.24 -3.38 -2.65 -15.61 0.00
Increase / (Decrease) in Invested Capital		 35 75 292 -476 -62 0.00
Enterprise Value (EV)		 14,930 7,289 4,350 462 644 0.00
Market Capitalization		 15,566 7,605 4,751 1,176 746 746
Book Value per Share		 $0.72 ($0.24) $0.03 $0.03 $0.08 $0.00
Tangible Book Value per Share		 $0.49 ($0.51) ($0.25) ($0.19) ($1.91) $0.00
Total Capital		 588 205 8.01 9.29 2.45 0.00
Total Debt		 383 272 0.00 0.00 0.00 0.00
Total Long-Term Debt		 383 272 0.00 0.00 0.00 0.00
Net Debt		 -636 -316 -401 -714 -102 0.00
Capital Expenditures (CapEx)		 72 51 65 0.00 0.00 7.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 345 477 492 125 109 0.00
Debt-free Net Working Capital (DFNWC)		 1,365 1,066 893 839 212 0.00
Net Working Capital (NWC)		 1,365 1,066 893 839 212 0.00
Net Nonoperating Expense (NNE)		 -87 137 0.66 75 17 -0.39
Net Nonoperating Obligations (NNO)		 -340 -104 -254 -547 -64 0.00
Total Depreciation and Amortization (D&A)		 115 77 50 34 14 5.52
Debt-free, Cash-free Net Working Capital to Revenue		 13.51% 22.38% 37.19% 15.72% 22.77% 0.00%
Debt-free Net Working Capital to Revenue		 53.38% 49.97% 67.55% 105.85% 44.08% 0.00%
Net Working Capital to Revenue		 53.38% 49.97% 67.55% 105.85% 44.08% 0.00%
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		 289.30M 284.22M 281.98M 276.86M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 289.30M 284.22M 281.98M 276.86M 0.00 0.00
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		 289.30M 284.22M 281.98M 276.86M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 180 141 70 -111 -14 4.12
Normalized NOPAT Margin		 7.04% 6.60% 5.29% -13.98% -2.81% 1.49%
Pre Tax Income Margin		 12.06% 3.85% 6.90% -22.03% -5.53% 1.44%
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. See ON's forecast for analyst expectations on what’s next for the company.

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 5/29/2025 by MarketBeat.com Staff
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