Vishay Intertechnology (VSH) FY2016 results: revenue $2.3 billion, up 0.7% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $2.3 billion for fiscal 2016, the year ended 31 December 2016, up 0.7% on the year before. Net income was $49 million, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$2.3 billion
+0.7% on the year
FY2009FY2016
Operating margin
8.5%
4.3% a year earlier
FY2009FY2016
Net income
$49 million
FY2009FY2016
Diluted EPS
$0.32
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,317
2,300
2,493
+0.7%
Cost of revenue
1,754
1,758
1,882
-0.3%
Gross profit
574
542
611
+5.8%
Gross margin
24.8%
23.6%
24.5%
Research and development
66.8
64.2
65.3
+4.1%
Selling, general and administrative
356
362
386
-1.7%
Operating income
197
97.8
189
+101.5%
Operating margin
8.5%
4.3%
7.6%
Interest expense
25.6
25.7
24.5
-0.2%
Pre-tax income
94.2
74.7
167
+26.1%
Income tax
44.8
182
49.3
-75.4%
Effective tax rate
47.6%
244.1%
29.5%
Net income
48.8
-109
118
Net margin
2.1%
-4.7%
4.7%
Diluted EPS
$0.32
-$0.73
$0.77
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
297
246
297
+20.5%
Capital expenditure
135
147
157
-8.5%
Free cash flow
162
98.8
140
+63.8%
Free cash flow margin
7.0%
4.3%
5.6%
Depreciation and amortisation
159
176
179
-9.5%
Share-based compensation
6.4
3.8
2.4
+65.9%
Buybacks
23.2
0.0
0.0
Dividend per share
$0.25
$0.24
$0.24
+4.2%
Diluted shares, weighted
151m
148m
154m
+2.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,566
1,622
1,825
-3.5%
Non-controlling interest
5.4
5.6
5.5
-2.3%
Redeemable equity
88.7
0.0
n/a
Debt
357
437
444
-18.3%
Other liabilities
1,061
1,088
999
-2.5%
Total liabilities and equity
3,078
3,153
3,274
-2.4%
Fixed assets
849
865
898
-1.9%
Goodwill
141
138
144
+2.3%
Intangible assets
84.5
103
187
-18.2%
Cash and equivalents
472
476
592
-0.8%
Receivables
274
273
272
+0.5%
Inventory
381
421
425
-9.4%
Other assets
876
878
757
-0.2%
Total assets
3,078
3,153
3,274
-2.4%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.