Vishay Intertechnology (VSH) Cash Flow: Operating & Free Cash Flow

Vishay Intertechnology Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Vishay Intertechnology, Inc. (VSH) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-8.98	-29.76	323.82	428.81	298.94	122.92	163.94	345.76	-20.34
Depreciation & Amortization	224.74	210.65	184.37	163.99	167.04	166.23	164.46	161.86	163.15
Deferred Income Tax	-10.86	-76.14	36.78	38.68	50.61	-12.14	-23.01	-55.21	52.38
Stock Based Compensation	22.36	20.92	0.00	0.00	6.61	0.00	0.00	0.00	0.00
Change in Working Capital	-79.25	-68.12	-253.13	-182.07	-83.41	-13.22	-65.10	-101.82	-46.41
Change in Accounts Receivable	39.35	17.53	-3.72	-26.70	-67.71	4.66	66.16	-62.43	-51.15
Change in Inventory	-74.93	-78.50	-58.76	-119.60	-121.49	-24.20	18.76	-80.18	-55.06
Change in Accounts Payable	-6.35	22.81	0.74	-61.67	61.48	18.49	-43.79	-2.28	42.29
Change in Other Working Capital	-37.31	20.42	-191.40	25.89	-83.41	-12.17	-106.23	43.08	17.52
Other Operating Activities	36.30	20.42	73.85	34.88	67.94	51.15	56.16	-92.09	220.01
Net Cash from Operating Activities	184.31	173.70	365.70	484.29	457.10	314.94	296.44	258.51	368.78
Investing Activities
Capital Expenditures	-273.29	-320.08	-329.41	-325.31	-218.37	-123.60	-156.64	-229.90	-170.43
Acquisitions	1.16	-216.02	-12.60	-48.80	-20.85	-25.45	-11.29	40.68	-2.41
Purchases of Investments	-28.58	-145.33	-117.52	-285.96	-140.60	-293.09	-111.63	-175.40	-749.60
Sales/Maturities of Investments	45.11	164.98	387.90	132.90	147.89	250.58	81.01	636.11	887.73
Other Investing Activities	-1.17	3.99	-1.22	-1.77	0.13	-0.53	3.59	-2.06	-4.19
Net Cash from Investing Activities	-257.93	-512.46	-72.85	-528.93	-230.48	-192.08	-194.96	269.43	-38.91
Financing Activities
Debt Repayment	41.09	-52.96	294.43	42.00	-0.30	-151.80	-27.88	-526.60	7.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.26
Common Stock Repurchased	-12.53	-50.41	-172.88	-82.97	-1.96	0.00	0.00	0.00	-39.94
Dividends Paid	-49.40	-54.67	-55.63	-57.19	-55.75	-54.97	-53.44	-46.51	-37.05
Other Financing Activities	1.18	-13.37	-4.86	-2.86	-0.80	-2.62	-8.70	-2.82	-4.37
Net Cash from Financing Activities	-19.66	-35.40	61.06	-101.02	-58.81	-209.38	-90.03	-575.93	-73.10
Summary
Effect of Forex Changes on Cash	17.97	-8.27	7.98	-17.62	-13.57	12.27	-3.36	-14.00	19.48
Net Change in Cash	-75.32	-382.43	361.89	-163.28	154.23	-74.26	8.10	-62.00	276.25
Cash at Beginning of Period	590.29	972.72	610.83	774.11	619.87	694.13	686.03	748.03	471.78
Cash at End of Period	514.97	590.29	972.72	610.83	774.11	619.87	694.13	686.03	748.03
Free Cash Flow	-88.99	-146.38	36.29	158.98	238.73	191.34	139.80	28.61	198.35
Supplemental Disclosures
Interest Paid	33.81	21.73	17.24	13.74	14.18	-	-	-	-
Income Taxes Paid	44.37	84.16	132.96	94.24	64.35	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 4, 2026. Data sources and methodology

Frequently Asked Questions About Vishay Intertechnology Cash Flow

What is Vishay Intertechnology's free cash flow?

Vishay Intertechnology had negative free cash flow of $88.98M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $184.31M minus $273.29M of capital expenditures.

How much does Vishay Intertechnology spend on capital expenditures?

Vishay Intertechnology spent $273.29M on capital expenditures in fiscal 2025, compared with $320.08M a year earlier. That equals 148.3% of operating cash flow.

Does Vishay Intertechnology pay dividends or buy back shares?

Yes. In fiscal 2025 Vishay Intertechnology returned $49.40M in dividends and $12.53M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition