VSH FY 2013 Earnings Report — Vishay Intertechnology, Inc. Revenue & Financial Results | Market Cap Arena

Vishay Intertechnology, Inc.VSH

FY 2013 Earnings

Reported February 19, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	6.3%
Op. Income	$198M	—	$189M	—	4.5%
Gross Margin	23.9%	—	23.6%	—	0.3pp
Net Margin	5.2%	—	5.5%	—	-0.3pp
EPS (Diluted)	$0.81	—	$0.79	—	2.5%
Free Cash Flow	$139M	—	$137M	—	1.3%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.8B
GROSS PROFIT	$567M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$367M
SG&A Expenses	$367M
Other Expenses	$2M
Operating Expenses	$367M
Cost & Expenses	$2.2B
OPERATING INCOME	$198M
Interest Income	$5M
Interest Expense	$23M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$176M
Income Tax Expense	$53M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$170M
EBIT	$200M
EBITDA	$369M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.8B
GROSS PROFIT	$567M
R&D Expenses	$62M
Selling & Marketing	$0
General & Administrative	$367M
SG&A Expenses	$367M
Other Expenses	$2M
Operating Expenses	$367M
Cost & Expenses	$2.2B
OPERATING INCOME	$198M
Interest Income	$5M
Interest Expense	$23M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$176M
Income Tax Expense	$53M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$170M
EBIT	$200M
EBITDA	$369M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$170M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	$7M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$292M
Capital Expenditure	-$153M
Acquisitions (Net)	-$18M
Purchases of Investments	-$665M
Sales/Maturities of Investments	$466M
Other Investing Activities	-$176.0K
NET CASH FROM INVESTING	-$371M
Net Debt Issuance	$20M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	$139M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$640M
Short-Term Investments	$511M
Net Receivables	$274M
Inventory	$433M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$927M
Goodwill	$43M
Intangible Assets	$130M
Long-Term Investments	-$158M
Tax Assets	$158M
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.2B
Account Payables	$164M
Short-Term Debt	$2.0K
Deferred Revenue	$0
Other Current Liabilities	$147M
TOTAL CURRENT LIABILITIES	$449M
Long-Term Debt	$365M
Deferred Revenue NC	$288M
Deferred Tax Liabilities	$158M
Other Non-Current Liabilities	$387M
TOTAL NON-CURRENT LIABILITIES	$910M
TOTAL LIABILITIES	$1.4B
Common Stock	$15M
Additional Paid-In Capital	$2.1B
Retained Earnings	-$258M
Treasury Stock	$0
Accum. Other Comp. Income	$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$5M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$365M
Net Debt	-$275M