VISHAY INTERTECHNOLOGY INC

Listed Company

VSHCIK 0000103730NYSELarge AcceleratedElectronic Components & AccessoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.07B

Net Income

$-8.98M

Total Assets

$4.23B

Equity

$2.09B

Shares Out

131.14M

Op. Cash Flow

$184.31M

Business

VISHAY INTERTECHNOLOGY INC manufactures a broad portfolio of discrete semiconductors and passive electronic components used across multiple industries. Its products include semiconductors such as MOSFETs, diodes, and optoelectronic components, and passive components such as resistors, inductors, and capacitors, complemented by R&D, application support, and design‑in services. The business is organized into semiconductor segments (MOSFETs, Diodes, Optoelectronic) and passive segments (Resistors, Inductors, Capacitors) with solution‑selling and strategic account programs. Vishay serves global markets—automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical—through OEMs, EMS providers, distributors, and regional sales and manufacturing networks.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	3,069	2,938	3,402	3,497	3,240
Costs of products sold	2,474	2,311	2,428	2,438	2,353
Gross profit	595	626	974	1,059	888
Selling, general, and administrative expenses	538	514	488	444	420
Restructuring and severance costs	0	41	0	0	0
Impairment of goodwill	0	66	0	0	—
Operating income	57	6	486	615	468
Interest expense	−39	−27	−25	−17	—
Other	7	19	25	−5	−16
Loss on early extinguishment of debt	0	0	−19	0	0
Total other income (expense)	−31	−8	−19	−22	−33
Income (loss) before taxes	26	−2	467	594	435
Income tax expense	34	27	142	163	136
Net earnings (loss)	−9	−30	326	430	299
Less: net earnings attributable to noncontrolling interests	0	1	2	2	967,000
Net earnings (loss) attributable to Vishay stockholders	−9	−31	324	429	298
Basic earnings (loss) per share attributable to Vishay stockholders (in dollars per share)	−0.07	−0.23	2.32	2.99	2.05
Diluted earnings (loss) per share attributable to Vishay stockholders (in dollars per share)	−0.07	−0.23	2.31	2.98	2.05
Weighted average shares outstanding - basic (in shares)	136	137	139	143	145
Weighted average shares outstanding - diluted (in shares)	136	137	140	144	145
Cash dividends per share (in dollars per share)	0.4	0.4	0.4	0.4	0.39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	515	590	973	611	774
Short-term investments	265,000	16	36	305	147
Accounts receivable, net of allowances for credit losses of $2,399 and $1,311, respectively	382	402	427	416	396
Finished goods	182	175	167	156	147
Work in process	331	296	267	261	226
Raw materials	245	218	213	201	163
Total inventories	759	689	648	619	537
Prepaid expenses and other current assets	231	218	214	170	157
Total current assets	1,887	1,916	2,297	2,121	2,010
Land	86	84	77	76	75
Buildings and improvements	840	766	719	659	640
Machinery and equipment	3,478	3,259	3,054	2,858	2,758
Construction in progress	464	368	291	243	146
Allowance for depreciation	−3,195	−2,931	−2,846	−2,705	−2,639
Property and equipment, net	1,673	1,546	1,295	1,130	979
Right of use assets	120	118	127	131	118
Deferred income taxes	183	160	137	105	95
Goodwill	180	179	201	201	165
Other intangible assets, net	78	87	72	78	68
Other assets	112	106	110	99	108
Total assets	4,234	4,111	4,240	3,866	3,543
Trade accounts payable	215	216	191	189	254
Payroll and related expenses	164	137	162	166	163
Lease liabilities	27	26	26	25	23
Other accrued expenses	300	264	239	262	218
Income taxes	15	65	73	84	35
Total current liabilities	720	708	692	726	694
Long-term debt, less current portion	951	905	818	501	456
Deferred income taxes	97	96	96	117	69
Long-term lease liabilities	96	94	103	108	100
Other liabilities	109	104	88	93	96
Accrued pension and other postretirement costs	173	174	196	187	272
Total liabilities	2,146	2,082	2,039	1,816	1,797
Commitments and contingencies	—	—	—	—	—
Preferred stock, par value $1.00 per share: authorized - 1,000,000 shares; zero issued	0	0	0	0	0
Common stock, par value $0.10 per share: authorized - 300,000,000 shares; 123,498,190 and 133,607,153 shares issued	12	13	13	13	13
Class B convertible common stock, par value $0.10 per share: authorized - 40,000,000 shares; 12,097,148 shares issued	1	1	1	1	1
Capital in excess of par value	1,101	1,306	1,291	1,352	1,348
Retained earnings	892	956	1,041	773	402
Treasury stock (at cost): zero and 9,933,595 common shares	0	−212	−162	−83	0
Accumulated other comprehensive income (loss)	81	−35	10	−11	−20
Total equity	2,088	2,029	2,196	2,046	1,744
Total equity	2,088	2,029	2,201	2,050	1,747
Total liabilities and equity	4,234	4,111	4,240	3,866	3,543

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	225	211	184	164	167
(Gain) loss on disposal of property and equipment	100,000	−2	−554,000	−455,000	−303,000
Inventory write-offs for obsolescence	35	37	37	27	21
Pensions and other postretirement benefits, net of contributions	−6	−6	−10	−615,000	2
Stock compensation expense	22	21	17	7	7
Deferred income taxes	−11	−24	37	39	51
Other operating activities	7	20	9	835,000	10
Change in U.S. transition tax liability	−47	−38	−28	−15	−15
Change in repatriation tax liability	−9	−15	−64	−25	0
Net change in operating assets and liabilities, net of effects of businesses acquired	−23	−68	−162	−142	−83
Net cash provided by operating activities	184	174	366	484	457
Capital expenditures	−273	−320	−329	−325	−218
Proceeds from sale of property and equipment	1	3	1	1	1
Purchase of and deposits for businesses, net of cash acquired	0	−216	−14	−50	−21
Purchase of short-term investments	−29	−145	−118	−286	−141
Maturity of short-term investments	45	165	388	133	148
Other investing activities	−2	970,000	−1	−2	129,000
Net cash used in investing activities	−258	−512	−73	−529	−230
Proceeds from long-term borrowings	0	0	750	0	0
Principal payment upon maturity of convertible senior notes due 2025	−42	0	0	—	—
Repurchase of convertible senior notes due 2025	0	−53	−387	0	−300,000
Net proceeds (payments) on revolving credit facility	83	136	−42	42	0
Debt issuance and amendment costs	0	−1	−27	0	0
Cash paid for capped call	0	0	−94	0	0
Repurchase of common stock	−13	−50	−79	−83	0
Distributions to noncontrolling interests	0	−3	−867,000	−741,000	−800,000
Acquisition of noncontrolling interests	0	−6	0	0	—
Cash withholding taxes paid when shares withheld for vested equity awards	−4	−4	−4	−2	−2
Other financing activities	10	0	0	—	—
Net cash provided by (used in) financing activities	−20	−35	61	−101	−59
Effect of exchange rate changes on cash and cash equivalents	18	−8	8	−18	−14
Net increase (decrease) in cash and cash equivalents	−75	−382	362	−163	154

Filings

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