Vishay Intertechnology (VSH) FY2015 results: revenue $2.3 billion, down 7.7% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $2.3 billion for fiscal 2015, the year ended 31 December 2015, down 7.7% on the year before. Net income was -$109 million, and diluted earnings per share $-0.73. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$2.3 billion
-7.7% on the year
FY2008FY2015
Operating margin
4.3%
7.6% a year earlier
FY2008FY2015
Net income
-$109 million
FY2008FY2015
Diluted EPS
-$0.73
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,300
2,493
2,371
-7.7%
Cost of revenue
1,758
1,882
1,804
-6.6%
Gross profit
542
611
567
-11.3%
Gross margin
23.6%
24.5%
23.9%
Research and development
64.2
65.3
62.1
-1.7%
Selling, general and administrative
362
386
369
-6.1%
Operating income
97.8
189
198
-48.3%
Operating margin
4.3%
7.6%
8.3%
Interest expense
25.7
24.5
23.1
+5.0%
Pre-tax income
74.7
167
176
-55.3%
Income tax
182
49.3
52.6
+270.1%
Effective tax rate
244.1%
29.5%
29.8%
Net income
-109
118
123
Net margin
-4.7%
4.7%
5.2%
Diluted EPS
-$0.73
$0.77
$0.81
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
246
297
292
-17.2%
Capital expenditure
147
157
153
-6.3%
Free cash flow
98.8
140
139
-29.4%
Free cash flow margin
4.3%
5.6%
5.9%
Depreciation and amortisation
176
179
170
-1.8%
Share-based compensation
3.8
2.4
0.6
+60.8%
Buybacks
0.0
0.0
0.0
Dividend per share
$0.24
$0.24
$0.00
0.0%
Diluted shares, weighted
148m
154m
151m
-3.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,622
1,825
1,873
-11.1%
Non-controlling interest
5.6
5.5
5.4
+1.0%
Redeemable equity
0.0
n/a
0.0
Debt
437
444
365
-1.6%
Other liabilities
1,088
999
981
+8.9%
Total liabilities and equity
3,153
3,274
3,224
-3.7%
Fixed assets
865
898
927
-3.7%
Goodwill
138
144
43.1
-4.2%
Intangible assets
103
187
130
-44.7%
Cash and equivalents
476
592
640
-19.7%
Receivables
273
272
274
+0.4%
Inventory
421
425
433
-0.9%
Other assets
878
757
778
+16.0%
Total assets
3,153
3,274
3,224
-3.7%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.