Acquisitions, Divestitures and Licensing Transactions (Tables)

12 Months Ended

Dec. 31, 2020

The following unaudited pro-forma consolidated results of operations for the years ended December 31, 2019 and December 31, 2018 have been prepared as if the acquisition of Quantenna had occurred on January 1, 2018 and includes adjustments for amortization of intangibles, interest expense from financing, restructuring, and the effect of purchase accounting adjustments including the step-up of inventory (in millions, except per share data):


	Year Ended
	December 31, 2019		December 31, 2018
Revenue	$	5,613.2	$	6,098.8
Net income	218.2		567.2
Net income attributable to ON Semiconductor Corporation	216.0		564.7
Net income per common share attributable to ON Semiconductor Corporation:
Basic	0.53		1.33
Diluted	0.52		1.30

Quantenna

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The following table presents the allocation of the purchase price of Quantenna for the assets acquired and liabilities assumed based on their relative fair values, which was finalized during the year ended December 31, 2019 (in millions):


	Purchase Price Allocation
Cash and cash equivalents	$	133.4
Receivables	22.2
Inventories	41.8
Other current assets	4.3
Property, plant and equipment	16.9
Goodwill	726.7
Intangible assets (excluding IPRD)	87.1
IPRD	23.8
Deferred tax assets	29.2
Other non-current assets	12.7
Total assets acquired	1,098.1
Accounts payable	22.6
Other current liabilities	17.5
Deferred tax liabilities	3.3
Other non-current liabilities	15.4
Total liabilities assumed	58.8
Net assets acquired/purchase price	$	1,039.3

SensL Technologies, Ltd.

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The following table presents the allocation of the purchase price of SensL for the assets acquired and liabilities assumed based on their fair values (in millions):


	Purchase Price Allocation
Current assets (including cash and cash equivalents of $0.7)	$	4.2
Property, plant and equipment and other non-current assets	1.8
Goodwill	18.9
Intangible assets (excluding IPRD)	31.4
IPRD	20.0
Total assets acquired	76.3
Current liabilities	0.7
Other non-current liabilities	4.0
Total liabilities assumed	4.7
Net assets acquired/purchase price	$	71.6