onsemi First Quarter 2023 Results Exceed Expectations

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:

ON SEMICONDUCTOR CORPORATION

RECONCILIATION OF GAAP VERSUS NON-GAAP DISCLOSURES (Continued)

(in millions, except per share and percentage data)

 

Quarters Ended

 

March 31, 2023

 

December 31, 2022

 

April 1, 2022

Cost of revenue

$

3.7

 

$

3.1

 

$

2.6

Research and development

 

4.5

 

 

3.1

 

 

4.4

Selling and marketing

 

4.1

 

 

4.2

 

 

3.8

General and administrative

 

15.4

 

 

13.9

 

 

11.7

Total share-based compensation

$

27.7

 

$

24.3

 

$

22.5

SUPPLEMENTAL FINANCIAL DATA

 

Quarters Ended

 

March 31, 2023

 

December 31, 2022

 

April 1, 2022

Net cash provided by operating activities

$

408.9

 

$

731.3

 

$

478.6

Free cash flow

 

87.4

 

 

389.3

 

 

304.8

Cash paid for income taxes

 

35.2

 

 

113.7

 

 

15.7

 

 

 

 

 

 

Depreciation and amortization

$

145.0

 

$

133.2

 

 

140.6

Less: Amortization of acquisition-related intangible assets

 

16.4

 

 

17.7

 

 

21.3

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

$

128.6

 

$

115.5

 

$

119.3


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