Vishay Precision Group Inc. (VPG) Financial Statements (2024 and earlier)

Company Profile

Business Address 3 GREAT VALLEY PARKWAY, SUITE 150
MALVERN, PA 19355
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 367 - Electronic Components And Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 83,96588,56284,33598,43886,91090,159
Cash and cash equivalents 83,96588,56284,33598,43886,91090,159
Receivables56,43860,06858,26545,33943,19853,156
Inventory, net of allowances, customer advances and progress billings88,13984,66076,42762,34866,89562,241
Inventory88,13984,66076,42762,34866,89562,241
Other undisclosed current assets14,52018,51615,91615,76115,5589,314
Total current assets:243,062251,806234,943221,886212,561214,870
Noncurrent Assets
Operating lease, right-of-use asset26,95324,34227,76421,788 
Property, plant and equipment90,63687,12781,22075,01661,27059,419
Intangible assets, net (including goodwill)90,36893,76198,26763,14469,21633,797
Goodwill45,73445,54445,83031,10535,01816,141
Intangible assets, net (excluding goodwill)44,63448,21752,43732,03934,19817,656
Other noncurrent assets20,54719,70619,69520,05327,36618,297
Total noncurrent assets:228,504224,936226,946180,001157,852111,513
TOTAL ASSETS:471,566476,742461,889401,887370,413326,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,12534,09860,01843,51844,39550,128
Taxes payable3,7741,5932613,879
Employee-related liabilities23,77217,59516,31217,757
Accounts payable11,69813,79214,87610,4878,86911,461
Accrued liabilities22,42720,30617,59613,84318,95317,031
Debt   1844,5164,654
Other undisclosed current liabilities27,49930,2384,6104,011  
Total current liabilities:61,62464,33664,62847,54788,91154,782
Noncurrent Liabilities
Long-term debt and lease obligation 31,85660,79985,85460,1301722,421
Long-term debt, excluding current maturities 31,85660,79960,71440,6261722,421
Liabilities, other than long-term debt48,16145,08534,36536,35339,73330,727
Deferred tax liabilities, net2,200
Deferred income tax liabilities3,4904,2125,8483,4033,478
Liability, pension and other postretirement and postemployment benefits7,2767,77712,25316,68715,66914,982
Other liabilities14,77013,05316,26416,26320,58613,545
Operating lease, liability22,62520,04325,14019,504 
Total noncurrent liabilities:80,017105,884120,21996,48339,75053,148
Total liabilities:141,641170,220184,847144,030128,661107,930
Equity
Equity, attributable to parent, including:329,842306,547277,099257,823241,360218,415
Common stock     1,3121,307
Treasury stock, value(17,460)(11,504)(8,765)(8,765)(8,765)(8,765)
Additional paid in capital202,672201,164199,151197,764197,125196,666
Accumulated other comprehensive loss(38,869)(40,900)(35,008)(32,671)(37,703)(37,465)
Retained earnings182,066156,359120,296100,07589,28866,569
Other undisclosed equity, attributable to parent1,4331,4281,4251,420103103
Equity, attributable to noncontrolling interest83(25)(57)3439238
Total equity:329,925306,522277,042257,857241,752218,453
TOTAL LIABILITIES AND EQUITY:471,566476,742461,889401,887370,413326,383

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues355,048362,580317,919269,812283,958299,794
Cost of revenue
(Cost of Goods and Services Sold)
(204,706)(212,978)(192,777)(165,541)(172,341)(178,527)
Gross profit:150,342149,602125,142104,271111,617121,267
Operating expenses(106,828)(104,285)(97,694)(81,614)(82,358)(84,044)
Other undisclosed operating loss(1,560)(1,518)(76) (611) 
Operating income:41,95443,79927,37222,65728,64837,223
Nonoperating income (expense)(3,518)1,289(1,460)(4,348)(2,208)(3,234)
Other nonoperating income (expense)4563,558(230)(2,982)(701)(1,496)
Interest and debt expense(3,974)(2,269)(1,230)(30)(1,507)(1,738)
Income from continuing operations before equity method investments, income taxes:34,46242,81924,68218,27924,93332,251
Other undisclosed income from continuing operations before income taxes3,9742,2691,230301,5071,738
Income from continuing operations before income taxes:38,43645,08825,91218,30926,44033,989
Income tax expense(12,426)(8,535)(5,469)(7,509)(4,145)(10,344)
Income from continuing operations:26,01036,55320,44310,80022,29523,645
Income before gain (loss) on sale of properties:20,44310,80022,29523,645
Net income:26,01036,55320,44310,80022,29523,645
Net income (loss) attributable to noncontrolling interest(303)(490)(222)(13)(107)1
Net income available to common stockholders, basic:25,70736,06320,22110,78722,18823,646
Interest on convertible debt      6
Net income available to common stockholders, diluted:25,70736,06320,22110,78722,18823,652

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:26,01036,55320,44310,80022,29523,645
Other comprehensive income (loss)2,031(5,892)(2,337)5,032(238)(2,015)
Comprehensive income:28,04130,66118,10615,83222,05721,630
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(303)(490)(222)(13)(107)1
Comprehensive income, net of tax, attributable to parent:27,73830,17117,88415,81921,95021,631

Statements Sources

The financial statements are based on the Company's filings with 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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