Vishay Intertechnology, Inc. (VSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 63 LANCASTER AVENUE
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,103,7861,034,426916,097917,638846,705885,809
Cash and cash equivalents1,089,420847,534610,825734,992765,593789,248
Short-term investments14,366186,892305,272182,64681,11296,561
Restricted cash and investments   9,352   
Receivables453,250444,021416,178425,630429,778418,288
Inventory, net of allowances, customer advances and progress billings660,039656,681618,879615,877633,848602,887
Inventory660,039656,681618,879615,877633,848602,887
Other undisclosed current assets178,177170,767160,704151,144160,089163,227
Total current assets:2,395,2522,305,8952,121,2102,110,2892,070,4202,070,211
Noncurrent Assets
Operating lease, right-of-use asset131,460130,306131,193118,676111,881114,094
Property, plant and equipment1,172,5211,142,6881,130,459988,781970,568970,407
Intangible assets, net (including goodwill)279,051277,622279,328223,485226,993230,578
Goodwill203,940201,657201,432163,567164,295165,032
Intangible assets, net (excluding goodwill)75,11175,96577,89659,91862,69865,546
Deferred income tax assets106,210106,197104,66785,28889,18193,497
Other noncurrent assets102,96799,96098,79694,02794,550101,382
Total noncurrent assets:1,792,2091,756,7731,744,4431,510,2571,493,1731,509,958
TOTAL ASSETS:4,187,4614,062,6683,865,6533,620,5463,563,5933,580,169
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities482,875476,817439,333721,646466,503442,772
Taxes payable84,57162,59251,005
Employee-related liabilities164,303160,415156,012
Accounts payable234,004219,802189,099223,898243,496235,755
Accrued liabilities248,871257,015250,234248,874  
Accrued environmental loss contingencies   4,648   
Other liabilities249,382246,529261,606220,542214,865210,531
Other undisclosed current liabilities26,11725,90820,671(225,224)22,73423,080
Total current liabilities:758,374749,254726,258716,964704,102676,383
Noncurrent Liabilities
Long-term debt and lease obligation639,668566,755500,937553,867555,510552,756
Long-term debt, excluding current maturities639,668566,755500,937458,120463,302456,484
Liabilities, other than long-term debt528,860516,332512,096366,424380,560424,227
Deferred income tax liabilities133,996125,289117,18352,38249,54271,435
Liability, pension and other postretirement and postemployment benefits189,022189,606187,092229,467242,464259,531
Accrued environmental loss contingencies   6,798   
Other liabilities98,69394,21692,53084,57588,55493,261
Operating lease, liability107,149107,221108,49395,74792,20896,272
Other undisclosed noncurrent liabilities46,11783,01076,21283,01083,010110,681
Total noncurrent liabilities:1,214,6451,166,0971,089,2451,003,3011,019,0801,087,664
Total liabilities:1,973,0191,915,3511,815,5031,720,2651,723,1821,764,047
Equity
Equity, attributable to parent, including:2,210,6252,143,0102,046,2511,896,7951,837,4191,812,778
Treasury stock, value(123,371)(103,145)(82,972)(54,671)(36,161)(9,873)
Additional paid in capital1,354,7531,351,6221,352,3211,351,4701,350,6201,349,552
Accumulated other comprehensive income (loss)12,6559,032(10,827)(129,093)(80,344)(32,177)
Retained earnings952,062870,975773,228714,588588,803490,776
Other undisclosed equity, attributable to parent14,52614,52614,50114,50114,50114,500
Equity, attributable to noncontrolling interest3,8174,3073,8993,4862,9923,344
Total equity:2,214,4422,147,3172,050,1501,900,2811,840,4111,816,122
TOTAL LIABILITIES AND EQUITY:4,187,4614,062,6683,865,6533,620,5463,563,5933,580,169

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues892,110871,046855,298924,798863,512853,793
Cost of revenue
(Cost of Goods and Services Sold)
(634,637)(592,333)(606,178)(635,260)(602,289)(594,685)
Gross profit:257,473278,713249,120289,538261,223259,108
Operating expenses(122,857)(120,145)(113,812)(106,436)(110,400)(112,855)
Operating income:134,616158,568135,308183,102150,823146,253
Nonoperating expense(1,147)(1,791)(7,108)(1,973)(2,927)(9,973)
Other nonoperating income (expense)5,2573,329(2,618)2,1371,380(5,751)
Interest and debt expense(6,404)(5,120)(4,490)(4,110)(4,307)(4,222)
Income from continuing operations before equity method investments, income taxes:127,065151,657123,710177,019143,589132,058
Other undisclosed income from continuing operations before income taxes6,4045,1204,4904,1104,3074,222
Income from continuing operations before income taxes:133,469156,777128,200181,129147,896136,280
Income tax expense(38,054)(44,588)(54,999)(40,566)(35,127)(32,330)
Income from continuing operations:95,415112,18973,201140,563112,769103,950
Income before gain (loss) on sale of properties:140,563112,769103,950
Net income:95,415112,18973,201140,563112,769103,950
Net loss attributable to noncontrolling interest(377)(408)(413)(502)(381)(377)
Net income available to common stockholders, diluted:95,038111,78172,788140,061112,388103,573

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:95,415112,18973,201140,563112,769103,950
Other comprehensive income (loss)3,62319,859118,266(48,749)(48,167)(11,925)
Comprehensive income:99,038132,048191,46791,81464,60292,025
Comprehensive loss, net of tax, attributable to noncontrolling interest(377)(408)(413)(502)(381)(377)
Comprehensive income, net of tax, attributable to parent:98,661131,640191,05491,31264,22191,648

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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