Vishay Precision Group Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
VPG$49.29+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $83,965 | $88,562 |
| Accounts receivable, net of allowances for credit losses of $508 and $709, respectively | 56,438 | 60,068 |
| Inventories: | ||
| Raw materials | 33,973 | 31,852 |
| Work in process | 26,594 | 26,401 |
| Finished goods | 27,572 | 26,407 |
| Inventories | 88,139 | 84,660 |
| Prepaid expenses and other current assets | 14,520 | 18,516 |
| Total current assets | 243,062 | 251,806 |
| Property and equipment: | ||
| Land | 4,154 | 4,117 |
| Buildings and improvements | 72,952 | 71,613 |
| Machinery and equipment | 131,738 | 125,301 |
| Software | 9,619 | 9,539 |
| Construction in progress | 11,379 | 10,075 |
| Accumulated depreciation | (139,206) | (133,518) |
| Property and equipment, net | 90,636 | 87,127 |
| Goodwill | 45,734 | 45,544 |
| Intangible assets, net | 44,634 | 48,217 |
| Operating lease right-of-use assets | 26,953 | 24,342 |
| Other assets | 20,547 | 19,706 |
| Total assets | $471,566 | $476,742 |
Continues on the following page
Consolidated Balance Sheets (continued)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Liabilities and equity | ||
| Current liabilities: | ||
| Trade accounts payable | $11,698 | $13,792 |
| Payroll and related expenses | 18,971 | 21,966 |
| Other accrued expenses | 22,427 | 20,306 |
| Income taxes | 4,524 | 4,064 |
| Current portion of operating lease liabilities | 4,004 | 4,208 |
| Total current liabilities | 61,624 | 64,336 |
| Long-term debt | 31,856 | 60,799 |
| Deferred income taxes | 3,490 | 4,212 |
| Operating lease liabilities | 22,625 | 20,043 |
| Other liabilities | 14,770 | 13,053 |
| Accrued pension and other postretirement costs | 7,276 | 7,777 |
| Total liabilities | 141,641 | 170,220 |
| Commitments and contingencies | ||
| Equity: | ||
| Preferred stock, par value $1.00 per share: authorized - 1,000,000 shares; none issued | — | — |
| Common stock, par value $0.10 per share: authorized - 25,000,000 shares; 12,405,151 shares outstanding as of December 31, 2023 and 12,546,375 shares outstanding as of December 31, 2022 | 1,330 | 1,325 |
| Class B convertible common stock, par value $0.10 per share: authorized - 3,000,000 shares; 1,022,887 shares outstanding as of December 31, 2023 and December 31, 2022 | 103 | 103 |
| Treasury stock, at cost - 893,293 shares held at December 31, 2023 and 704,880 shares held at December 31, 2022 | (17,460) | (11,504) |
| Capital in excess of par value | 202,672 | 201,164 |
| Retained earnings | 182,066 | 156,359 |
| Accumulated other comprehensive loss | (38,869) | (40,900) |
| Total Vishay Precision Group, Inc. stockholders' equity | 329,842 | 306,547 |
| Noncontrolling interests | 83 | (25) |
| Total equity | 329,925 | 306,522 |
| Total liabilities and equity | $471,566 | $476,742 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.