Vishay Intertechnology Reports First Quarter 2024 Results


VISHAY INTERTECHNOLOGY, INC.   
Consolidated Condensed Balance Sheets (continued)  
(In thousands)   
    
 March 30, 2024 December 31, 2023
 (Unaudited)  
    
Liabilities and equity   
Current liabilities:   
Trade accounts payable$197,513  $191,002 
Payroll and related expenses 153,280   161,940 
Lease liabilities 27,760   26,485 
Other accrued expenses 258,773   239,350 
Income taxes 72,018   73,098 
Total current liabilities 709,344   691,875 
    
Long-term debt less current portion 819,407       818,188  
U.S. transition tax payable   47,027       47,027  
Deferred income taxes   118,389       95,776  
Long-term lease liabilities   103,594       102,830  
Other liabilities   88,719       87,918  
Accrued pension and other postretirement costs   190,356       195,503  
Total liabilities   2,076,836       2,039,117  
       
Equity:      
Vishay stockholders' equity      
Common stock   13,357       13,319  
Class B convertible common stock   1,210       1,210  
Capital in excess of par value   1,292,765       1,291,499  
Retained earnings   1,058,531       1,041,372  
Treasury stock (at cost)   (174,194 )     (161,656 )
Accumulated other comprehensive income (loss)   (9,685 )     10,337  
Total Vishay stockholders' equity   2,181,984       2,196,081  
Noncontrolling interests   5,244       4,725  
Total equity   2,187,228       2,200,806  
Total liabilities and equity $ 4,264,064     $ 4,239,923  
       

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