Vishay Intertechnology (VSH) FY2017 results: revenue $2.6 billion, up 12.4% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $2.6 billion for fiscal 2017, the year ended 31 December 2017, up 12.4% on the year before. Net income was -$20 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$2.6 billion
+12.4% on the year
FY2010FY2017
Operating margin
12.4%
8.5% a year earlier
FY2010FY2017
Net income
-$20 million
FY2010FY2017
Diluted EPS
-$0.14
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,604
2,317
2,300
+12.4%
Cost of revenue
1,904
1,754
1,758
+8.6%
Gross profit
703
574
542
+22.5%
Gross margin
27.0%
24.8%
23.6%
Research and development
67.2
66.8
64.2
+0.5%
Selling, general and administrative
368
356
362
+3.3%
Operating income
324
197
97.8
+64.4%
Operating margin
12.4%
8.5%
4.3%
Interest expense
27.9
25.6
25.7
+8.7%
Pre-tax income
279
94.2
74.7
+196.5%
Income tax
299
44.8
182
+566.6%
Effective tax rate
107.0%
47.6%
244.1%
Net income
-20.3
48.8
-109
Net margin
-0.8%
2.1%
-4.7%
Diluted EPS
-$0.14
$0.32
-$0.73
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
369
297
246
+24.4%
Capital expenditure
170
135
147
+26.6%
Free cash flow
198
162
98.8
+22.5%
Free cash flow margin
7.6%
7.0%
4.3%
Cash from investing
-34.8
n/a
n/a
Cash from financing
-77.2
n/a
n/a
Depreciation and amortisation
163
159
176
+2.4%
Share-based compensation
4.4
6.4
3.8
-31.1%
Buybacks
39.9
23.2
0.0
+72.5%
Dividend per share
$0.26
$0.25
$0.24
+2.0%
Diluted shares, weighted
146m
151m
148m
-3.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,428
1,566
1,622
-8.8%
Non-controlling interest
2.0
5.4
5.6
-62.7%
Redeemable equity
252
88.7
0.0
+184.3%
Debt
370
357
437
+3.8%
Other liabilities
1,406
1,061
1,088
+32.5%
Total liabilities and equity
3,459
3,078
3,153
+12.4%
Fixed assets
906
849
865
+6.7%
Goodwill
143
141
138
+0.9%
Intangible assets
69.8
84.5
103
-17.4%
Cash and equivalents
748
472
476
+58.6%
Receivables
340
274
273
+24.1%
Inventory
430
381
421
+12.7%
Other assets
823
876
878
-6.0%
Total assets
3,459
3,078
3,153
+12.4%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.