ACM Research, Inc. (ACMR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
42307 OSGOOD ROAD, SUITE I FREMONT, CA 94539 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 268,160 | 592,565 | 100,005 | 58,261 | 27,124 | 17,681 | |||
| Cash and cash equivalents | 247,951 | 563,067 | 71,766 | 58,261 | 27,124 | 17,681 | |||
| Short-term investments | 20,209 | 29,498 | 28,239 | ||||||
| Restricted cash and investments | 500 | 59,598 | |||||||
| Receivables | 212,553 | 125,614 | 66,120 | 33,694 | 24,608 | 26,762 | |||
| Inventory, net of allowances, customer advances and progress billings | 393,172 | 218,116 | 88,639 | 44,796 | 38,764 | 15,388 | |||
| Inventory | 393,172 | 218,116 | 88,639 | 44,796 | 38,764 | 15,388 | |||
| Prepaid expense | 15,607 | 16,639 | 5,892 | 2,047 | 1,985 | 546 | |||
| Deposits current assets | 70,492 | ||||||||
| Other current assets | 46 | ||||||||
| Other undisclosed current assets | 3,322 | 3,547 | 2,491 | ||||||
| Total current assets: | 963,806 | 952,934 | 260,656 | 198,396 | 96,028 | 62,914 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,489 | 4,182 | 4,297 | 3,887 | ✕ | ✕ | |||
| Property, plant and equipment | 82,875 | 14,042 | 8,192 | 3,619 | 3,708 | 2,340 | |||
| Long-term investments and receivables | 17,459 | 5,827 | 1,360 | 1,237 | |||||
| Long-term investments | 17,459 | 5,827 | 1,360 | 1,237 | |||||
| Intangible assets, net (including goodwill) | 1,255 | 477 | 554 | 344 | 274 | 106 | |||
| Intangible assets, net (excluding goodwill) | 1,255 | 477 | 554 | 344 | 274 | 106 | |||
| Deposits noncurrent assets | 101,956 | ||||||||
| Deferred income tax assets | 6,703 | 13,166 | 11,076 | 5,331 | ✕ | ✕ | |||
| Other noncurrent assets | 50,265 | 45,017 | 40,496 | 192 | 40 | ||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 1,637 | 1,294 | ||
| Other undisclosed noncurrent assets | 8,692 | 22,361 | 15,986 | 107 | |||||
| Total noncurrent assets: | 271,694 | 99,245 | 80,601 | 19,307 | 7,019 | 4,977 | |||
| TOTAL ASSETS: | 1,235,500 | 1,052,179 | 341,257 | 217,703 | 103,047 | 67,891 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 150,316 | 133,190 | 52,844 | 27,809 | 25,147 | 10,781 | |||
| Taxes payable | ✕ | ✕ | 254 | 31 | 3,129 | 1,193 | 44 | ||
| Employee-related liabilities | ✕ | ✕ | 5,684 | 3,068 | 2,092 | 626 | 745 | ||
| Accounts payable | 101,735 | 101,350 | 35,603 | 13,262 | 16,673 | 7,419 | |||
| Accrued liabilities | 48,581 | 25,902 | 14,142 | 9,326 | 6,655 | 2,573 | |||
| Deferred revenue | 157,947 | 56,004 | 19,231 | 9,129 | ✕ | ✕ | |||
| Debt | 58,326 | 12,001 | 27,738 | 15,108 | 9,447 | 5,106 | |||
| Due to related parties | ✕ | 14,468 | 1,530 | 4,142 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 143 | ||
| Other undisclosed current liabilities | 15,157 | 4,744 | 3,095 | 1,456 | 10,016 | 1,645 | |||
| Total current liabilities: | 396,214 | 205,939 | 102,908 | 53,502 | 46,140 | 21,817 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 18,687 | 24,826 | 20,859 | 2,532 | |||||
| Long-term debt, excluding current maturities | 18,687 | 22,957 | 17,979 | ||||||
| Liabilities, other than long-term debt | 8,428 | 9,749 | 9,320 | 4,186 | 4,583 | 6,217 | |||
| Deferred income tax liabilities | 1,302 | 1,286 | ✕ | ✕ | |||||
| Other liabilities | 7,321 | 8,447 | 8,034 | 4,186 | 4,583 | 6,217 | |||
| Operating lease, liability | 1,107 | 1,869 | 2,880 | 2,532 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 27,115 | 34,575 | 30,179 | 6,718 | 4,583 | 6,217 | |||
| Total liabilities: | 423,329 | 240,514 | 133,087 | 60,220 | 50,723 | 28,034 | |||
| Temporary equity, carrying amount | 60,162 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 674,856 | 676,204 | 141,150 | 97,321 | 52,324 | 39,857 | |||
| Additional paid in capital | 604,089 | 595,049 | 102,004 | 83,487 | 56,567 | 49,695 | |||
| Accumulated other comprehensive income (loss) | (40,546) | 9,109 | 4,857 | (1,675) | (857) | 122 | |||
| Retained earnings (accumulated deficit) | 94,426 | 72,044 | 34,287 | 15,507 | (3,387) | (9,961) | |||
| Other undisclosed equity, attributable to parent | 16,887 | 2 | 2 | 2 | 1 | 1 | |||
| Equity, attributable to noncontrolling interest | 137,315 | 135,461 | 67,020 | ||||||
| Total equity: | 812,171 | 811,665 | 208,170 | 97,321 | 52,324 | 39,857 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,235,500 | 1,052,179 | 341,257 | 217,703 | 103,047 | 67,891 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 388,832 | 259,751 | 156,624 | 107,524 | 74,643 | 36,506 | ||
| Cost of revenue | (205,217) | (144,895) | (87,025) | (56,870) | (40,194) | (19,281) | ||
| Gross profit: | 183,615 | 114,856 | 69,599 | 50,654 | 34,449 | 17,225 | ||
| Operating expenses | (124,580) | (76,154) | (48,107) | (32,863) | (27,978) | (16,525) | ||
| Operating income: | 59,035 | 38,702 | 21,492 | 17,791 | 6,471 | 700 | ||
| Nonoperating income (expense) | 12,055 | (126) | (2,480) | 1,726 | 29 | 9 | ||
| Investment income, nonoperating | 8,740 | 505 | 897 | 333 | 29 | 9 | ||
| Other nonoperating income (expense) | 3,315 | (631) | (3,377) | 1,393 | ||||
| Interest and debt expense | (1,655) | (765) | (982) | (745) | (498) | (277) | ||
| Income from continuing operations before equity method investments, income taxes: | 69,435 | 37,811 | 18,030 | 18,772 | 6,002 | 432 | ||
| Income from equity method investments | 4,666 | 4,637 | 655 | 168 | 123 | 37 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (6,739) | 607 | 610 | 1,255 | (794) | |||
| Income (loss) from continuing operations before income taxes: | 67,362 | 43,055 | 19,295 | 18,940 | 7,380 | (325) | ||
| Income tax expense (benefit) | (16,798) | (134) | 2,382 | 518 | (806) | (547) | ||
| Income (loss) from continuing operations: | 50,564 | 42,921 | 21,677 | 19,458 | 6,574 | (872) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 42,921 | 21,677 | 19,458 | 6,574 | (872) | |
| Net income (loss): | 50,564 | 42,921 | 21,677 | 19,458 | 6,574 | (872) | ||
| Net income (loss) attributable to noncontrolling interest | (11,301) | (5,164) | (564) | 554 | ||||
| Other undisclosed net loss attributable to parent | (2,897) | |||||||
| Net income (loss) available to common stockholders, basic: | 39,263 | 37,757 | 18,780 | 18,894 | 6,574 | (318) | ||
| Dilutive securities, effect on basic earnings per share | (584) | (108) | ||||||
| Net income (loss) available to common stockholders, diluted: | 38,679 | 37,649 | 18,780 | 18,894 | 6,574 | (318) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 50,564 | 42,921 | 21,677 | 19,458 | 6,574 | (872) | ||
| Other undisclosed comprehensive income (loss) | (59,102) | 4,695 | 10,493 | (899) | (979) | 472 | ||
| Comprehensive income (loss): | (8,538) | 47,616 | 32,170 | 18,559 | 5,595 | (400) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,854) | (5,164) | (847) | (81) | 369 | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (443) | (6,011) | (402) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (10,392) | 42,009 | 25,312 | 18,076 | 5,595 | (31) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.