Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Bel Fuse.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $534.79M | $639.81M | $654.23M | $543.49M | $465.77M | $492.41M | $548.18M | $491.61M | $500.15M | $567.08M |
| Cost of Revenue | $332.43M | $423.96M | $470.78M | $409.11M | $346.04M | $381.71M | $438.41M | $389.60M | $400.25M | $458.25M |
| Gross Profit | $202.36M | $215.85M | $183.45M | $134.38M | $119.73M | $110.70M | $109.77M | $102.01M | $99.91M | $108.83M |
| Gross Profit Ratio | 37.80% | 33.70% | 28.04% | 24.70% | 25.71% | 22.48% | 20.02% | 20.75% | 19.98% | 19.19% |
| Research and Development Expenses | $23.59M | $22.49M | $20.24M | $21.89M | $23.61M | $26.93M | $29.40M | $28.80M | $26.70M | $27.70M |
| General and Administrative Expenses | $- | $- | $- | $86.61M | $- | $- | $79.94M | $85.07M | $71.00M | $78.11M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $110.62M | $99.09M | $92.34M | $86.61M | $78.70M | $76.06M | $79.94M | $85.07M | $71.00M | $78.11M |
| Other Expenses | $3.86M | $6.29M | $-2.71M | $-388.00K | $-1.78M | $-2.34M | $-678.00K | $- | $- | $- |
| Operating Expenses | $138.06M | $127.87M | $112.58M | $108.50M | $102.31M | $102.99M | $79.94M | $85.07M | $71.00M | $78.11M |
| Cost and Expenses | $470.50M | $551.84M | $583.36M | $517.61M | $448.36M | $484.70M | $518.35M | $474.67M | $471.25M | $536.37M |
| Interest Income | $4.75M | $- | $3.38M | $3.54M | $4.75M | $5.45M | $- | $107.00K | $622.00K | $4.72M |
| Interest Expense | $4.08M | $2.85M | $3.38M | $3.54M | $4.75M | $5.45M | $5.32M | $6.80M | $6.66M | $7.59M |
| Depreciation and Amortization | $16.46M | $13.31M | $14.86M | $16.86M | $16.42M | $16.47M | $18.21M | $20.72M | $21.78M | $23.01M |
| EBITDA | $82.34M | $99.46M | $84.79M | $42.19M | $27.96M | $14.62M | $44.27M | $40.16M | $-54.11M | $53.88M |
| EBITDA Ratio | 15.40% | 15.55% | 10.42% | 4.69% | 3.36% | 1.09% | 5.32% | 3.47% | 5.90% | 6.25% |
| Operating Income | $64.30M | $87.98M | $65.15M | $8.63M | $-793.00K | $-11.10M | $29.61M | $16.34M | $-76.51M | $28.60M |
| Operating Income Ratio | 12.02% | 13.75% | 9.96% | 1.59% | -0.17% | -2.25% | 5.40% | 3.32% | -15.30% | 5.04% |
| Total Other Income Expenses Net | $-2.49M | $-4.68M | $-6.09M | $-3.93M | $-6.53M | $-5.71M | $-3.33M | $-7.74M | $-6.04M | $-2.87M |
| Income Before Tax | $61.81M | $83.30M | $59.06M | $27.33M | $12.14M | $-7.30M | $23.62M | $9.64M | $-82.55M | $25.73M |
| Income Before Tax Ratio | 11.56% | 13.02% | 9.03% | 5.03% | 2.61% | -1.48% | 4.31% | 1.96% | -16.51% | 4.54% |
| Income Tax Expense | $12.62M | $9.47M | $6.37M | $2.51M | $-659.00K | $1.44M | $2.91M | $21.54M | $-17.72M | $6.54M |
| Net Income | $40.96M | $73.83M | $52.69M | $24.82M | $12.79M | $-8.74M | $20.71M | $-11.90M | $-64.83M | $19.20M |
| Net Income Ratio | 7.66% | 11.54% | 8.05% | 4.57% | 2.75% | -1.78% | 3.78% | -2.42% | -12.96% | 3.39% |
| EPS | $3.26 | $5.78 | $3.69 | $1.76 | $0.91 | $-0.63 | $1.71 | $-0.99 | $-5.44 | $1.64 |
| EPS Diluted | $3.26 | $5.78 | $3.69 | $1.76 | $0.91 | $-0.63 | $1.71 | $-0.99 | $-5.44 | $1.64 |
| Weighted Average Shares Outstanding | 12.55M | 12.78M | 14.27M | 14.11M | 14.03M | 13.97M | 12.11M | 12.03M | 11.92M | 11.87M |
| Weighted Average Shares Outstanding Diluted | 12.55M | 12.78M | 14.27M | 14.11M | 14.03M | 13.97M | 12.11M | 12.03M | 11.92M | 11.87M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $68.25M | $89.37M | $70.27M | $61.76M | $84.94M | $73.15M | $53.91M | $69.35M | $73.41M | $85.04M |
| Short Term Investments | $950.00K | $37.55M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $69.20M | $126.92M | $70.27M | $61.76M | $84.94M | $73.15M | $53.91M | $69.35M | $73.41M | $85.04M |
| Net Receivables | $116.37M | $96.92M | $125.52M | $115.41M | $85.51M | $92.41M | $107.74M | $78.81M | $74.42M | $86.27M |
| Inventory | $161.37M | $136.54M | $172.47M | $139.38M | $100.13M | $107.28M | $120.07M | $107.72M | $98.87M | $98.51M |
| Other Current Assets | $26.59M | $21.10M | $13.16M | $12.47M | $9.64M | $11.21M | $8.79M | $10.22M | $8.74M | $10.65M |
| Total Current Assets | $373.53M | $381.48M | $381.41M | $329.02M | $280.22M | $283.44M | $290.51M | $266.10M | $255.44M | $285.45M |
| Property Plant Equipment Net | $73.00M | $57.01M | $58.38M | $59.46M | $48.72M | $60.45M | $43.93M | $43.49M | $48.76M | $57.61M |
| Goodwill | $208.04M | $26.64M | $25.10M | $26.65M | $23.97M | $21.99M | $19.82M | $20.18M | $17.95M | $121.63M |
| Intangible Assets | $231.95M | $49.39M | $54.11M | $60.99M | $65.79M | $72.36M | $62.69M | $69.37M | $74.83M | $87.83M |
| Goodwill and Intangible Assets | $439.98M | $76.03M | $79.21M | $87.65M | $89.75M | $94.36M | $82.51M | $89.54M | $92.78M | $209.46M |
| Long Term Investments | $9.27M | $10.28M | $5.54M | $-4.46M | $-5.71M | $-3.73M | $-496.00K | $-4.16M | $-3.41M | $-3.32M |
| Tax Assets | $16.43M | $11.55M | $7.28M | $4.46M | $5.71M | $3.73M | $496.00K | $4.16M | $3.41M | $3.32M |
| Other Non-Current Assets | $37.58M | $35.27M | $28.64M | $35.72M | $35.18M | $32.44M | $26.58M | $32.13M | $29.76M | $34.48M |
| Total Non-Current Assets | $576.26M | $190.15M | $179.06M | $182.83M | $173.65M | $187.24M | $153.01M | $165.17M | $171.30M | $301.56M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $949.79M | $571.63M | $560.47M | $511.85M | $453.87M | $470.67M | $443.52M | $431.26M | $426.74M | $587.01M |
| Account Payables | $49.18M | $40.44M | $64.59M | $65.96M | $39.77M | $44.17M | $56.17M | $47.95M | $47.23M | $49.80M |
| Short Term Debt | $7.95M | $6.35M | $6.32M | $7.24M | $12.07M | $12.87M | $2.51M | $2.64M | $11.39M | $24.77M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $3.05M | $8.85M | $2.22M | $- | $- | $- | $- | $- | $4.50M |
| Other Current Liabilities | $70.93M | $60.77M | $56.55M | $36.59M | $35.69M | $33.18M | $47.35M | $36.71M | $33.70M | $42.78M |
| Total Current Liabilities | $128.07M | $110.61M | $136.30M | $112.01M | $87.54M | $90.47M | $106.03M | $87.30M | $92.33M | $122.03M |
| Long Term Debt | $305.26M | $75.75M | $112.35M | $128.82M | $119.15M | $149.97M | $111.70M | $120.05M | $129.85M | $158.78M |
| Deferred Revenue Non-Current | $- | $- | $1.26M | $-1.49M | $-1.03M | $-1.73M | $-1.16M | $-1.57M | $-1.46M | $-13.00M |
| Deferred Tax Liabilities Non-Current | $28.92M | $1.46M | $1.26M | $1.49M | $1.03M | $1.73M | $1.16M | $1.57M | $1.46M | $13.00M |
| Other Non-Current Liabilities | $46.38M | $43.26M | $48.21M | $60.79M | $60.35M | $58.96M | $48.16M | $64.39M | $44.67M | $64.75M |
| Total Non-Current Liabilities | $380.56M | $120.46M | $161.82M | $191.09M | $180.53M | $212.15M | $161.02M | $186.00M | $175.98M | $231.86M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $508.63M | $231.07M | $298.12M | $303.10M | $268.07M | $302.62M | $267.05M | $273.31M | $268.31M | $353.89M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.26M | $1.28M | $1.28M | $1.25M | $1.24M | $1.23M | $1.23M | $1.20M | $1.20M | $1.19M |
| Retained Earnings | $345.03M | $307.51M | $237.19M | $187.94M | $166.49M | $157.06M | $168.69M | $147.81M | $161.29M | $229.37M |
| Accumulated Other Comprehensive Income Loss | $-17.23M | $-12.04M | $-16.55M | $-18.86M | $-18.06M | $-24.07M | $-24.84M | $-19.62M | $-31.30M | $-21.88M |
| Other Total Stockholders Equity | $31.51M | $43.81M | $40.42M | $38.42M | $36.14M | $33.83M | $31.39M | $28.57M | $27.24M | $24.44M |
| Total Stockholders Equity | $360.58M | $340.56M | $262.35M | $208.74M | $185.80M | $168.05M | $176.47M | $157.96M | $158.43M | $233.12M |
| Total Equity | $441.16M | $340.56M | $262.35M | $208.74M | $185.80M | $168.05M | $176.47M | $157.96M | $158.43M | $233.12M |
| Total Liabilities and Stockholders Equity | $949.79M | $571.63M | $560.47M | $511.85M | $453.87M | $470.67M | $443.52M | $431.26M | $426.74M | $587.01M |
| Minority Interest | $80.59M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $949.79M | $571.63M | $560.47M | $511.85M | $453.87M | $470.67M | $443.52M | $431.26M | $426.74M | $587.01M |
| Total Investments | $10.21M | $47.83M | $5.54M | $-4.46M | $-5.71M | $-3.73M | $-496.00K | $-4.16M | $-3.41M | $-3.32M |
| Total Debt | $313.22M | $82.59M | $116.61M | $134.05M | $130.24M | $162.83M | $114.21M | $122.69M | $141.25M | $187.19M |
| Net Debt | $244.96M | $-6.79M | $46.35M | $72.29M | $45.30M | $89.68M | $60.30M | $53.34M | $67.83M | $102.15M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $49.19M | $73.83M | $52.69M | $24.82M | $12.79M | $-8.74M | $20.71M | $-11.90M | $-64.83M | $19.20M |
| Depreciation and Amortization | $16.46M | $13.31M | $14.86M | $16.86M | $16.42M | $16.47M | $18.21M | $20.72M | $21.78M | $23.01M |
| Deferred Income Tax | $-6.27M | $-3.87M | $-4.59M | $441.00K | $-1.74M | $-2.17M | $2.49M | $-315.00K | $-6.40M | $-356.00K |
| Stock Based Compensation | $3.74M | $3.49M | $2.38M | $2.30M | $2.32M | $2.89M | $2.83M | $3.03M | $2.82M | $2.81M |
| Change in Working Capital | $6.99M | $24.34M | $-24.44M | $-35.97M | $13.93M | $9.43M | $-32.95M | $5.55M | $-17.75M | $21.11M |
| Accounts Receivables | $983.00K | $27.95M | $-20.70M | $-12.98M | $5.40M | $19.30M | $-13.00M | $-2.95M | $10.80M | $12.19M |
| Inventory | $15.12M | $33.61M | $-36.59M | $-34.01M | $9.69M | $17.09M | $-24.73M | $-6.16M | $-2.79M | $12.95M |
| Accounts Payables | $139.00K | $-22.75M | $1.52M | $23.96M | $-6.04M | $-15.11M | $8.99M | $-1.43M | $-588.00K | $-10.02M |
| Other Working Capital | $-9.25M | $-14.48M | $31.33M | $-12.95M | $4.88M | $-11.85M | $-4.20M | $16.08M | $-25.17M | $6.00M |
| Other Non Cash Items | $3.95M | $-2.75M | $-645.00K | $-3.82M | $2.39M | $6.58M | $-1.20M | $7.04M | $102.99M | $13.00K |
| Net Cash Provided by Operating Activities | $74.06M | $108.35M | $40.26M | $4.63M | $46.11M | $24.45M | $10.10M | $24.12M | $38.60M | $65.79M |
| Investments in Property Plant and Equipment | $-14.11M | $-12.13M | $-8.83M | $-9.40M | $-5.48M | $-9.89M | $-11.59M | $-6.42M | $-8.22M | $-9.89M |
| Acquisitions Net | $-320.48M | $-5.22M | $1.83M | $-16.81M | $3.96M | $-29.00M | $-2.18M | $76.00K | $5.84M | $77.00K |
| Purchases of Investments | $-131.31M | $-59.99M | $- | $- | $- | $- | $-1.35M | $- | $- | $- |
| Sales Maturities of Investments | $- | $19.92M | $- | $- | $- | $- | $1.35M | $- | $2.16M | $2.82M |
| Other Investing Activities | $168.00M | $3.88M | $1.83M | $7.33M | $3.96M | $5.81M | $77.00K | $76.00K | $3.67M | $-2.74M |
| Net Cash Used for Investing Activities | $-297.89M | $-53.53M | $-7.00M | $-18.88M | $-1.51M | $-33.09M | $-13.69M | $-6.35M | $-2.38M | $-9.81M |
| Debt Repayment | $227.50M | $-35.00M | $-17.50M | $-4.35M | $-28.18M | $29.03M | $-9.01M | $-19.02M | $-43.52M | $-45.58M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-16.05M | $-105.00K | $-349.00K | $- | $- | $-448.00K | $- | $- | $- | $- |
| Dividends Paid | $-3.45M | $-3.49M | $-3.41M | $-3.38M | $-3.36M | $-3.35M | $-3.29M | $-3.28M | $-3.25M | $-3.24M |
| Other Financing Activities | $-1.74M | $- | $- | $-675.00K | $-600.00K | $- | $- | $-2.01M | $-718.00K | $- |
| Net Cash Used Provided by Financing Activities | $206.26M | $-38.60M | $-21.26M | $-8.40M | $-32.14M | $25.23M | $-12.31M | $-24.32M | $-47.48M | $-48.81M |
| Effect of Forex Changes on Cash | $- | $2.89M | $-3.49M | $-537.00K | $199.00K | $1.79M | $461.00K | $2.49M | $-370.00K | $741.00K |
| Net Change in Cash | $-21.12M | $19.11M | $8.51M | $-23.18M | $12.65M | $18.38M | $-15.44M | $-4.06M | $-11.63M | $7.90M |
| Cash at End of Period | $68.25M | $89.37M | $70.27M | $61.76M | $84.94M | $72.29M | $53.91M | $69.35M | $73.41M | $85.04M |
| Cash at Beginning of Period | $89.37M | $70.27M | $61.76M | $84.94M | $72.29M | $53.91M | $69.35M | $73.41M | $85.04M | $77.14M |
| Operating Cash Flow | $74.06M | $108.35M | $40.26M | $4.63M | $46.11M | $24.45M | $10.10M | $24.12M | $38.60M | $65.79M |
| Capital Expenditure | $-14.11M | $-12.13M | $-8.83M | $-9.40M | $-5.48M | $-9.89M | $-11.59M | $-6.42M | $-8.22M | $-9.89M |
| Free Cash Flow | $59.96M | $96.22M | $31.43M | $-4.76M | $40.63M | $14.56M | $-1.50M | $17.70M | $30.38M | $55.90M |