Vishay Intertechnology (VSH) FY2012 results: revenue $2.2 billion, down 14.0% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $2.2 billion for fiscal 2012, the year ended 31 December 2012, down 14.0% on the year before. Net income was $123 million, down 48.6%, and diluted earnings per share $0.79. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2013.
Revenue
$2.2 billion
-14.0% on the year
FY2008FY2012
Operating margin
8.5%
13.4% a year earlier
FY2008FY2012
Net income
$123 million
-48.6% on the year
FY2008FY2012
Diluted EPS
$0.79
-44.4% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,230
2,594
2,725
-14.0%
Cost of revenue
1,703
1,874
1,918
-9.1%
Gross profit
527
720
807
-26.8%
Gross margin
23.6%
27.8%
29.6%
Research and development
57.2
55.8
51.0
+2.4%
Selling, general and administrative
350
368
390
-4.9%
Operating income
189
347
418
-45.4%
Operating margin
8.5%
13.4%
15.3%
Interest expense
22.6
19.3
11.0
+17.3%
Pre-tax income
170
331
406
-48.6%
Income tax
46.5
91.1
45.2
-49.0%
Effective tax rate
27.4%
27.5%
11.2%
Net income
123
239
359
-48.6%
Net margin
5.5%
9.2%
13.2%
Diluted EPS
$0.79
$1.42
$1.89
-44.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
287
376
545
-23.5%
Capital expenditure
150
169
145
-10.9%
Free cash flow
137
207
400
-33.8%
Free cash flow margin
6.2%
8.0%
14.7%
Depreciation and amortisation
169
180
190
-6.2%
Share-based compensation
3.5
6.8
2.6
-48.1%
Buybacks
150
150
275
0.0%
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
156m
169m
190m
-7.5%
Shares outstanding at period end
n/a
n/a
151m
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,623
1,603
1,492
+1.3%
Non-controlling interest
4.9
5.2
5.4
-4.8%
Debt
393
399
431
-1.5%
Other liabilities
995
987
1,038
+0.9%
Total liabilities and equity
3,016
2,994
2,966
+0.8%
Fixed assets
915
908
912
+0.7%
Goodwill
34.9
9.1
0.0
+285.2%
Intangible assets
134
104
114
+28.7%
Cash and equivalents
698
749
897
-6.9%
Receivables
247
271
331
-8.8%
Inventory
408
418
428
-2.4%
Other assets
581
535
284
+8.5%
Total assets
3,016
2,994
2,966
+0.8%
10-K for the year ended 31 December 2012, filed 20 February 2013: the filing.