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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,044,556985,931455,252461,665458,818409,053
Cash and cash equivalents1,044,556985,931455,252461,665458,818409,053
Receivables282,430     
Inventory, net of allowances, customer advances and progress billings336,137364,003392,349401,530376,012409,422
Inventory336,137364,003392,349401,530376,012409,422
Other current assets48,77153,19146,85055,48653,00156,289
Other undisclosed current assets  270,348258,752291,629300,683307,018
Total current assets:1,711,8941,673,4731,153,2031,210,3101,188,5141,181,782
Noncurrent Assets
Operating lease, right-of-use asset95,43298,59193,99495,861100,177102,226
Property, plant and equipment167,665161,671159,025152,762148,462136,502
Intangible assets, net (including goodwill)445,318449,924458,185465,155470,959475,033
Goodwill283,840281,713282,692282,564281,433279,226
Intangible assets, net (excluding goodwill)161,478168,211175,493182,591189,526195,807
Deferred income tax assets      45,148
Other undisclosed noncurrent assets136,448110,02785,50084,61384,05633,364
Total noncurrent assets:844,863820,213796,704798,391803,654792,273
TOTAL ASSETS:2,556,7572,493,6861,949,9072,008,7011,992,1681,974,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities215,445209,257209,186241,355253,200433,920
Taxes payable33,040
Employee-related liabilities74,035
Accounts payable141,850140,320149,259185,835170,467219,770
Accrued liabilities73,59568,93759,92755,52082,733107,075
Debt20,00020,00020,00020,00020,00020,000
Other undisclosed current liabilities100,40385,55574,244122,905119,843(20,965)
Total current liabilities:335,848314,812303,430384,260393,043432,955
Noncurrent Liabilities
Long-term debt and lease obligation895,679899,848343,516348,389353,262452,707
Long-term debt, excluding current maturities895,679899,848343,516348,389353,262358,132
Liabilities, other than long-term debt181,048178,155177,682180,139179,59698,445
Deferred income tax liabilities      9,194
Liability, pension and other postretirement and postemployment benefits49,13544,28945,51845,16244,03158,208
Other liabilities42,58344,07744,38443,96641,10531,043
Operating lease, liability89,33089,78987,78091,01194,46094,575
Total noncurrent liabilities:1,076,7271,078,003521,198528,528532,858551,152
Total liabilities:1,412,5751,392,815824,628912,788925,901984,107
Equity
Equity, attributable to parent, including:1,144,1821,100,8711,125,2791,095,9131,066,267989,287
Additional paid in capital148,300139,283147,221139,192134,640128,079
Accumulated other comprehensive income (loss)6,1145,39012,28114,30716,320(14,797)
Retained earnings989,731956,161965,739942,377915,270875,968
Other undisclosed equity, attributable to parent373738373737
Equity, attributable to noncontrolling interest      661
Total equity:1,144,1821,100,8711,125,2791,095,9131,066,267989,948
TOTAL LIABILITIES AND EQUITY:2,556,7572,493,6861,949,9072,008,7011,992,1681,974,055

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues405,271409,991415,508425,040490,740516,274
Cost of revenue
(Cost of Goods and Services Sold)
(262,405)(262,650)(268,428)(269,929)(312,926)(325,056)
Gross profit:142,866147,341147,080155,111177,814191,218
Operating expenses(129,096)(117,280)(117,255)(115,073)(119,713)(113,646)
Operating income:13,77030,06129,82540,03858,10177,572
Nonoperating income (expense)18,9944,4642,425(550)(2,701)8,940
Investment income, nonoperating      
Other nonoperating income (expense) 4,4642,425(550)(2,701)8,940
Interest and debt expense(7,037)(3,825)(2,883)(2,774)(2,488)(2,029)
Income from continuing operations before equity method investments, income taxes:25,72730,70029,36736,71452,91284,483
Other undisclosed income (loss) from continuing operations before income taxes(9,529)3,8252,8832,7742,4882,029
Income from continuing operations before income taxes:16,19834,52532,25039,48855,40086,512
Income tax expense (benefit)21,693(874)(4,795)(7,736)(10,055)(11,639)
Income from continuing operations:37,89133,65127,45531,75245,34574,873
Income before gain (loss) on sale of properties:74,176
Loss from discontinued operations(389)(930)(315)(831)(1,600)(697)
Net income:37,50232,72127,14030,92143,74574,176
Net loss attributable to noncontrolling interest      (9)
Net income available to common stockholders, diluted:37,50232,72127,14030,92143,74574,167

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:37,50232,72127,14030,92143,74574,176
Other comprehensive loss (6,891)(2,026)(2,013) (9,163)
Other undisclosed comprehensive income 724   31,117 
Comprehensive income (loss):38,22625,83025,11428,90874,86265,013
Comprehensive loss, net of tax, attributable to noncontrolling interest      (9)
Comprehensive income (loss), net of tax, attributable to parent:38,22625,83025,11428,90874,86265,004

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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