Exhibit 99.2
Vishay Intertechnology, Inc.
Introduction
In the fourth fiscal quarter of 2019, the Company realigned its reportable business segments structure. The Company changed its segment reporting to separate the former Resistors & Inductors reporting segment into separate Resistors and Inductors reporting segments. The chief operating decision maker now makes strategic and operating decisions with regards to assessing performance and allocating resources based on this new segment structure.
The accompanying selected financial data are unaudited and do not include all information and footnotes necessary for presentation of financial position, results of operations, and cash flows required by accounting principles generally accepted in the United States for complete financial statements. The selected financial data should be read in conjunction with the consolidated financial statements and notes thereto filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and the Company’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 30, 2019, June 29, 2019, and September 28, 2019.
VISHAY INTERTECHNOLOGY, INC.
Selected Segment Information
as recast to reflect the business segment realignment
(Unaudited - in thousands)
| | Years ended | |
| | December 31, 2017 | | | December 31, 2018 | |
| | Resistors & Inductors | | | Resistors | | | Inductors | | | Resistors & Inductors | | | Resistors | | | Inductors | |
| | As Reported | | | Recast | | | As Reported | | | Recast | |
Net revenues | | $ | 843,529 | | | $ | 590,465 | | | $ | 253,064 | | | $ | 1,018,286 | | | $ | 716,394 | | | $ | 301,892 | |
Gross Profit | | | 251,905 | | | | 179,443 | | | | 72,462 | | | | 337,268 | | | | 238,356 | | | | 98,912 | |
Segment Operating Income | | | 222,878 | | | | 159,812 | | | | 63,066 | | | | 303,571 | | | | 214,347 | | | | 89,224 | |
Depreciation Expense | | | 34,083 | | | | 23,853 | | | | 10,230 | | | | 37,708 | | | | 26,416 | | | | 11,292 | |
Capital Expenditures | | | 67,007 | | | | 44,214 | | | | 22,793 | | | | 80,862 | | | | 50,978 | | | | 29,884 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total Assets | | $ | 994,639 | | | $ | 664,609 | | | $ | 330,030 | | | $ | 874,835 | | | $ | 587,595 | | | $ | 287,240 | |
| | Fiscal quarters ended | |
| | March 30, 2019 | | | June 29, 2019 | | | September 29, 2019 | |
| | Resistors & Inductors | | | Resistors | | | Inductors | | | Resistors & Inductors | | | Resistors | | | Inductors | | | Resistors & Inductors | | | Resistors | | | Inductors | |
| | As Reported | | | Recast | | | As Reported | | | Recast | | | As Reported | | | Recast | |
Net revenues | | $ | 260,471 | | | $ | 188,831 | | | $ | 71,640 | | | $ | 242,383 | | | $ | 165,359 | | | $ | 77,024 | | | $ | 228,577 | | | $ | 155,119 | | | $ | 73,458 | |
Gross Profit | | | 85,869 | | | | 62,589 | | | | 23,280 | | | | 71,415 | | | | 46,877 | | | | 24,538 | | | | 65,894 | | | | 42,444 | | | | 23,450 | |
Segment Operating Income | | | 76,987 | | | | 56,347 | | | | 20,640 | | | | 63,443 | | | | 41,667 | | | | 21,776 | | | | 57,697 | | | | 36,900 | | | | 20,797 | |