VSH FY 2019 Earnings Report — Vishay Intertechnology, Inc. Revenue & Financial Results | Market Cap Arena

Vishay Intertechnology, Inc.VSH

FY 2019 Earnings

Reported February 14, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.7B	—	$3.0B	—	-12.1%
Op. Income	$262M	—	$485M	—	-45.9%
Gross Margin	25.2%	—	29.3%	—	-4.1pp
Net Margin	6.1%	—	11.4%	—	-5.2pp
EPS (Diluted)	$1.13	—	$2.24	—	-49.6%
Free Cash Flow	$140M	—	$29M	—	388.7%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$671M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$385M
Other Expenses	$24M
Operating Expenses	$409M
Cost & Expenses	$2.4B
OPERATING INCOME	$262M
Interest Income	$8M
Interest Expense	$34M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$226M
Income Tax Expense	$62M
Net Income from Continuing Ops	$165M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$164M
EBIT	$260M
EBITDA	$424M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$671M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$385M
Other Expenses	$24M
Operating Expenses	$409M
Cost & Expenses	$2.4B
OPERATING INCOME	$262M
Interest Income	$8M
Interest Expense	$34M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$226M
Income Tax Expense	$62M
Net Income from Continuing Ops	$165M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$164M
EBIT	$260M
EBITDA	$424M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$164M
Stock-Based Compensation	$0
Deferred Income Tax	-$23M
Other Non-Cash Items	$56M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$296M
Capital Expenditure	-$157M
Acquisitions (Net)	-$11M
Purchases of Investments	-$112M
Sales/Maturities of Investments	$81M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$195M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	-$53M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$90M
FREE CASH FLOW	$140M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$694M
Short-Term Investments	$109M
Net Receivables	$328M
Inventory	$432M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.0B
Goodwill	$151M
Intangible Assets	$61M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$161M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$3.1B
Account Payables	$174M
Short-Term Debt	$2.0K
Deferred Revenue	$746.0K
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$520M
Long-Term Debt	$499M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$513M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$14M
Additional Paid-In Capital	$1.4B
Retained Earnings	$72M
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$174.0K
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$3M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$598M
Net Debt	-$96M