VSH FY 2018 Earnings Report — Vishay Intertechnology, Inc. Revenue & Financial Results | Market Cap Arena

Vishay Intertechnology, Inc.VSH

FY 2018 Earnings

Reported February 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.6B	—	16.6%
Op. Income	$485M	—	$312M	—	55.7%
Gross Margin	29.3%	—	26.9%	—	2.4pp
Net Margin	11.4%	—	-0.8%	—	12.2pp
EPS (Diluted)	$2.24	—	$-0.14	—	1700.0%
Free Cash Flow	$29M	—	$198M	—	-85.6%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.1B
GROSS PROFIT	$889M
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$403M
SG&A Expenses	$403M
Other Expenses	-$5M
Operating Expenses	$403M
Cost & Expenses	$2.5B
OPERATING INCOME	$485M
Interest Income	$12M
Interest Expense	$37M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$417M
Income Tax Expense	$70M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$346M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$346M
D&A	$162M
EBIT	$472M
EBITDA	$634M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.1B
GROSS PROFIT	$889M
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$403M
SG&A Expenses	$403M
Other Expenses	-$5M
Operating Expenses	$403M
Cost & Expenses	$2.5B
OPERATING INCOME	$485M
Interest Income	$12M
Interest Expense	$37M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$417M
Income Tax Expense	$70M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$346M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$346M
D&A	$162M
EBIT	$472M
EBITDA	$634M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$346M
Depreciation & Amortization	$162M
Stock-Based Compensation	$0
Deferred Income Tax	-$55M
Other Non-Cash Items	-$92M
Change in Working Capital	-$102M
OPERATING CASH FLOW	$259M
Capital Expenditure	-$230M
Acquisitions (Net)	$41M
Purchases of Investments	-$175M
Sales/Maturities of Investments	$636M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	$269M
Net Debt Issuance	-$527M
Common Stock Repurchased	$0
Common Dividends Paid	-$47M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$576M
FREE CASH FLOW	$29M
Net Change in Cash	-$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$686M
Short-Term Investments	$78M
Net Receivables	$397M
Inventory	$480M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$969M
Goodwill	$147M
Intangible Assets	$66M
Long-Term Investments	-$85M
Tax Assets	$85M
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.1B
Account Payables	$218M
Short-Term Debt	$18.0K
Deferred Revenue	$46M
Other Current Liabilities	$185M
TOTAL CURRENT LIABILITIES	$644M
Long-Term Debt	$495M
Deferred Revenue NC	-$316M
Deferred Tax Liabilities	$85M
Other Non-Current Liabilities	$495M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$14M
Additional Paid-In Capital	$1.4B
Retained Earnings	-$61M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$2M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$495M
Net Debt	-$192M