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Annual 2020 free cash flow increased to $500.7 million from $160.1 million in 2019
February 5, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
ON Semiconductor announced that the company has had a good fourth quarter and full year 2020 financially, with fourth quarter revenue of $1,446.3 million up 3% year-over-year. The company reported record automotive revenue of $491 million in the fourth quarter. Fourth quarter GAAP diluted earnings per share of $0.21 rose significantly compared to $0.14 in fourth quarter 2019. Annual 2020 operating cash flow increased to $884.3 million from $694.7 million in 2019 on 5% lower revenue. Annual 2020...
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