Advanced Energy Industries Inc. (AEIS) Financial Statements (2024 and earlier)

Company Profile

Business Address ATTN: PAUL OLDHAM
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3679 - Electronic Components, 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 investments458,818546,668483,022349,055351,771410,387
Cash and cash equivalents458,818544,372480,368346,441349,301407,283
Short-term investments  2,2962,6542,6142,4703,104
Receivables 10,7684,804(3,500)36488,724
Inventory, net of allowances, customer advances and progress billings376,012338,410221,346230,01997,98778,450
Inventory376,012338,410221,346230,01997,98778,450
Disposal group, including discontinued operation    305,8559,535
Other current assets53,00129,16135,89936,82510,1738,129
Other undisclosed current assets 300,683237,227235,178254,309102,298 
Total current assets:1,188,5141,162,234980,249866,738568,448595,225
Noncurrent Assets
Operating lease, right-of-use asset100,177101,769103,858105,404
Property, plant and equipment148,462114,830114,731108,10931,26917,795
Intangible assets, net (including goodwill)470,959371,596378,922386,943156,81087,311
Goodwill281,433212,190209,983202,932101,90053,812
Intangible assets, net (excluding goodwill)189,526159,406168,939184,01154,91033,499
Disposal group, including discontinued operation, noncurrent assets    2695,98411,085
Deferred income tax assets  47,24250,80142,656
Other undisclosed noncurrent assets84,05619,66919,10122,28753,97321,892
Total noncurrent assets:803,654655,106667,413665,668248,036138,083
TOTAL ASSETS:1,992,1681,817,3401,647,6621,532,406816,484733,308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities253,200258,767200,561231,90374,67971,954
Taxes payable9,22611,8509,68713,2585,365
Employee-related liabilities55,83363,48751,54521,77518,412
Accounts payable170,467193,708125,224170,67139,64648,177
Accrued liabilities82,733     
Debt20,00020,00034,09235,812  
Disposal group, including discontinued operation    9145,2867,850
Other liabilities    40,77722,99919,913
Other undisclosed current liabilities119,84391,42961,74410,9267,3456,402
Total current liabilities:393,043370,196296,397320,332110,309106,119
Noncurrent Liabilities
Long-term debt and lease obligation353,262467,913400,539412,065  
Long-term debt, excluding current maturities353,262372,733304,546321,527  
Liabilities, other than long-term debt179,596107,735135,386122,74998,873106,548
Deferred revenue and credits33,402
Deferred revenue  6,2007,3528,011
Contract with customer, liability29,108
Deferred tax liabilities, net6,9884,556
Deferred income tax liabilities  9,92110,0889,952
Liability for uncertainty in income taxes  5,94012,83916,05514,31817,031
Liability, pension and other postretirement and postemployment benefits44,03167,25580,44768,169  
Disposal group, including discontinued operation, liabilities    88710,71515,277
Other liabilities41,10518,41924,66019,67537,74436,282
Operating lease, liability94,46095,18095,99390,538
Total noncurrent liabilities:532,858575,648535,925534,81498,873106,548
Total liabilities:925,901945,844832,322855,146209,182212,667
Equity
Equity, attributable to parent, including:1,066,267870,851814,739676,714606,790520,641
Treasury stock, value      (5,000)
Additional paid in capital134,640115,706105,009104,84997,418184,843
Accumulated other comprehensive income (loss)16,320(1,216)(2,605)(5,897)(3,449)2,533
Retained earnings915,270756,323712,297577,724512,783333,225
Other undisclosed equity, attributable to parent37383838385,040
Equity, attributable to noncontrolling interest  645601546512 
Total equity:1,066,267871,496815,340677,260607,302520,641
TOTAL LIABILITIES AND EQUITY:1,992,1681,817,3401,647,6621,532,406816,484733,308

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
Revenues1,845,4221,455,9541,415,826788,948718,892453,095
Revenue, net671,012
Cost of revenue
(Cost of Goods and Services Sold)
(1,169,916)(923,632)(873,957)(473,296)(353,285)(314,631)
Other undisclosed gross profit      217,917
Gross profit:675,506532,322541,869315,652365,607356,381
Operating expenses(442,411)(380,641)(365,846)(261,264)(194,054)(155,611)
Operating income:233,095151,681176,02354,388171,553200,770
Nonoperating income (expense)8,646(2,970)(17,876)12,806823(2,579)
Investment income, nonoperating      
Other nonoperating income (expense)8,646(2,970)(17,876)12,806823(2,579)
Interest and debt expense(7,356)(4,959)(5,752)(3,416)(228) 
Other undisclosed income from continuing operations before equity method investments, income taxes   5,7523,416228 
Income from continuing operations before equity method investments, income taxes:234,385143,752158,14767,194172,376198,191
Other undisclosed income (loss) from continuing operations before income taxes7,3564,959    
Income from continuing operations before income taxes:241,741148,711158,14767,194172,376198,191
Income tax expense (benefit)(39,850)(14,004)(22,996)(10,699)(25,227)(62,090)
Income from continuing operations:201,891134,707135,15156,495147,149136,101
Income before gain (loss) on sale of properties:134,780134,73064,975147,111137,861
Income (loss) from discontinued operations(2,215)73(421)8,480(38)1,760
Net income:199,676134,780134,73064,975147,111137,861
Net loss attributable to noncontrolling interest (16)(44)(55)(34)(86) 
Net income available to common stockholders, diluted:199,660134,736134,67564,941147,025137,861

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:199,676134,780134,73064,975147,111137,861
Other comprehensive income (loss)17,5361,3893,292   
Other undisclosed comprehensive loss    (2,448)(5,982) 
Comprehensive income:217,212136,169138,02262,527141,129137,861
Comprehensive loss, net of tax, attributable to noncontrolling interest (16)(44)(55)(34)(86) 
Other undisclosed comprehensive income, net of tax, attributable to parent      9,466
Comprehensive income, net of tax, attributable to parent:217,196136,125137,96762,493141,043147,327

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.

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