Vishay Intertechnology (VSH) FY2013 results: revenue $2.4 billion, up 6.3% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $2.4 billion for fiscal 2013, the year ended 31 December 2013, up 6.3% on the year before. Net income was $123 million, up 0.2%, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2014.
Revenue
$2.4 billion
+6.3% on the year
FY2008FY2013
Operating margin
8.3%
8.5% a year earlier
FY2008FY2013
Net income
$123 million
+0.2% on the year
FY2008FY2013
Diluted EPS
$0.81
+2.5% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,371
2,230
2,594
+6.3%
Cost of revenue
1,804
1,703
1,874
+5.9%
Gross profit
567
527
720
+7.7%
Gross margin
23.9%
23.6%
27.8%
Research and development
62.1
57.2
55.8
+8.6%
Selling, general and administrative
369
350
368
+5.4%
Operating income
198
189
347
+4.5%
Operating margin
8.3%
8.5%
13.4%
Interest expense
23.1
22.6
19.3
+2.3%
Pre-tax income
176
170
331
+3.7%
Income tax
52.6
46.5
91.1
+13.2%
Effective tax rate
29.8%
27.4%
27.5%
Net income
123
123
239
+0.2%
Net margin
5.2%
5.5%
9.2%
Diluted EPS
$0.81
$0.79
$1.42
+2.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
292
287
376
+1.6%
Capital expenditure
153
150
169
+1.9%
Free cash flow
139
137
207
+1.3%
Free cash flow margin
5.9%
6.2%
8.0%
Depreciation and amortisation
170
169
180
+0.9%
Share-based compensation
0.6
3.5
6.8
-82.1%
Buybacks
0.0
150
150
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
151m
156m
169m
-2.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,873
1,623
1,603
+15.4%
Non-controlling interest
5.4
4.9
5.2
+10.8%
Redeemable equity
0.0
n/a
n/a
Debt
365
393
399
-7.1%
Other liabilities
981
995
987
-1.4%
Total liabilities and equity
3,224
3,016
2,994
+6.9%
Fixed assets
927
915
908
+1.3%
Goodwill
43.1
34.9
9.1
+23.7%
Intangible assets
130
134
104
-2.8%
Cash and equivalents
640
698
749
-8.2%
Receivables
274
247
271
+10.9%
Inventory
433
408
418
+6.1%
Other assets
778
581
535
+33.9%
Total assets
3,224
3,016
2,994
+6.9%
10-K for the year ended 31 December 2013, filed 19 February 2014: the filing.