Vicor Corporation (VICR) financial statements (2022 and earlier)

Company profile

Business Address 25 FRONTAGE ROAD
ANDOVER, MA 01810
State of Incorp. DE
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments227,633228,880230,232223,130211,908203,605196,704
Cash and cash equivalents182,418178,663159,763127,411161,742203,605196,704
Short-term investments45,21550,21770,46995,71950,166  
Receivables55,09751,08055,01247,69740,99941,13648,502
Inventory, net of allowances, customer advances and progress billings67,32263,40957,12954,25657,26958,16955,630
Inventory67,32263,40957,12954,25657,26958,16955,630
Other current assets6,7086,6336,6576,9546,7566,8727,842
Total current assets:356,760350,002349,030332,037316,932309,782308,678
Noncurrent Assets
Property, plant and equipment115,975104,44692,95681,12474,84365,78059,475
Long-term investments and receivables2,6392,5982,5612,5412,5172,5912,555
Long-term investments2,6392,5982,5612,5412,5172,5912,555
Deferred income tax assets208221221224226189188
Other noncurrent assets1,6231,5631,6081,6951,7211,7771,838
Total noncurrent assets:120,445108,82897,34685,58479,30770,33764,056
TOTAL ASSETS:477,205458,830446,376417,621396,239380,119372,734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,16635,93942,38334,04630,97827,63832,079
Accounts payable21,18918,34622,08116,36514,12111,91115,647
Accrued liabilities4,1583,5893,6183,1532,6242,4172,689
Employee-related liabilities12,75313,99415,79414,48514,09413,24813,687
Taxes payable6610890431396256
Deferred revenue7,9123,3903,9166,0087,3098,0617,817
Other undisclosed current liabilities3,0153,2863,4782,8242,2262,2992,023
Total current liabilities:49,09342,61549,77742,87840,51337,99841,919
Noncurrent Liabilities
Long-term debt and lease obligation3,2253,5042,4392,7792,9682,8802,400
Operating lease, liability3,2253,5042,4392,7792,9682,8802,400
Liabilities, other than long-term debt9821,0571,2681,4821,6031,6531,772
Accounts payable and accrued liabilities569564649648643575571
Deferred revenue413493573653733813894
Business combination, contingent consideration, liability  46181227265307
Total noncurrent liabilities:4,2074,5613,7074,2614,5714,5334,172
Total liabilities:53,30047,17653,48447,13945,08442,53146,091
Stockholders' equity
Stockholders' equity attributable to parent, including:423,599411,355392,586370,164350,820337,262326,324
Treasury stock, value(138,927)(138,927)(138,927)(138,927)(138,927)(138,927)(138,927)
Additional paid in capital345,664342,014336,278333,011328,392326,026320,988
Accumulated other comprehensive loss(1,328)(1,040)(813)(573)(204)(203)(316)
Retained earnings217,633208,753195,494176,100161,008149,815144,030
Other undisclosed stockholders' equity attributable to parent557555554553551551549
Stockholders' equity attributable to noncontrolling interest306299306318335326319
Total stockholders' equity:423,905411,654392,892370,482351,155337,588326,643
TOTAL LIABILITIES AND EQUITY:477,205458,830446,376417,621396,239380,119372,734

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues90,28184,91195,37688,79684,30278,11270,761
Cost of revenue
(Cost of Goods and Services Sold)
(49,465)(42,098)(45,505)(44,096)(43,851)(44,765)(40,443)
Gross profit:40,81642,81349,87144,70040,45133,34730,318
Operating expenses(31,915)(30,841)(29,862)(29,980)(28,846)(27,244)(28,285)
Operating income:8,90111,97220,00914,72011,6056,1032,033
Nonoperating income204394373232378334233
Other nonoperating income203393372231 333232
Income from continuing operations before income taxes:9,10512,36620,38214,95211,9836,4372,266
Income tax expense (benefit)(206)886(999)143(788)(651)406
Net income:8,89913,25219,38315,09511,1955,7862,672
Net income (loss) attributable to noncontrolling interest(19)711(3)(2)(1)(5)
Net income available to common stockholders, diluted:8,88013,25919,39415,09211,1935,7852,667

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:8,89913,25219,38315,09511,1955,7862,672
Other comprehensive income (loss)(300)(227)(241)(389)6119(18)
Comprehensive income:8,59913,02519,14214,70611,2015,9052,654
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)71217(9)(7)(3)
Comprehensive income, net of tax, attributable to parent:8,59213,03219,15414,72311,1925,8982,651

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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