onsemi Reports Record Second Quarter 2022 Results – Quarterly Revenue Exceeds $2B for the First Time

Certain of the amounts in the above tables may not total due to rounding of individual amounts.

Total share-based compensation related to restricted stock units, stock grant awards and the employee stock purchase plan is included below:

 

 

Quarters Ended

 

Six Months Ended

 

 

July 1, 2022

 

April 1, 2022

 

July 2, 2021

 

July 1, 2022

 

July 2, 2021

Cost of revenue

 

$

3.1

 

$

2.6

 

$

4.9

 

$

5.7

 

$

8.2

Research and development

 

 

5.2

 

 

4.4

 

 

7.3

 

 

9.6

 

 

13.0

Selling and marketing

 

 

4.3

 

 

3.8

 

 

4.5

 

 

8.1

 

 

8.8

General and administrative

 

 

14.5

 

 

11.7

 

 

12.4

 

 

26.2

 

 

21.4

Total share-based compensation

 

$

27.1

 

$

22.5

 

$

29.1

 

$

49.6

 

$

51.4

SUPPLEMENTAL FINANCIAL DATA

 

 

Quarters Ended

 

Six Months Ended

 

 

July 1, 2022

 

April 1, 2022

 

July 2, 2021

 

July 1, 2022

 

July 2, 2021

Net cash provided by operating activities

 

$

420.8

 

$

478.6

 

$

488.0

 

$

899.4

 

$

706.5

Free cash flow

 

 

202.7

 

 

304.8

 

 

383.2

 

 

507.5

 

 

524.7

Cash paid for income taxes

 

 

187.1

 

 

15.7

 

 

22.8

 

 

202.8

 

 

43.7

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

138.4

 

$

140.6

 

$

153.1

 

$

279.0

 

$

306.5

Less: Amortization of acquisition-related intangible assets

 

 

21.9

 

 

21.3

 

 

24.8

 

 

43.2

 

 

49.8

Depreciation and amortization (excl. amortization of acquisition-related intangible assets)

 

$

116.5

 

$

119.3

 

$

128.3

 

$

235.8

 

$

256.7

NON-GAAP MEASURES

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