AXT Inc (AXTI) financial statements (2021 and earlier)

Company profile

Business Address 4281 TECHNOLOGY DR.
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73273229363436
Cash and cash equivalents73222720272829
Short-term investments0559968
Receivables25232024191718
Inventory, net of allowances, customer advances and progress billings52485048494950
Inventory52485048494950
Other undisclosed current assets16111011987
Total current assets:165109111111113109112
Noncurrent Assets
Operating lease, right-of-use asset333    
Property, plant and equipment11610810197979088
Long-term investments and receivables631  51
Long-term investments631  51
Other noncurrent assets10101111101212
Other undisclosed noncurrent assets   3331
Total noncurrent assets:134124115111110109102
TOTAL ASSETS:299233226223223218214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29232220221817
Accounts payable131212101086
Accrued liabilities1611111012911
Debt1036666 
Total current liabilities:39262826282317
Noncurrent Liabilities
Long-term debt and lease obligation222    
Operating lease, liability222    
Liabilities, other than long-term debt2101000
Other liabilities2101000
Other undisclosed noncurrent liabilities 114331
Total noncurrent liabilities:4444331
Total liabilities:43313230312618
Temporary equity, carrying amount48      
Stockholders' equity
Stockholders' equity attributable to parent193195188187188187191
Preferred stock4444444
Common stock0000000
Additional paid in capital230240239238237236236
Accumulated other comprehensive income (loss)3(2)(6)(7)(5)(7)(3)
Accumulated deficit(45)(47)(48)(48)(48)(46)(45)
Stockholders' equity attributable to noncontrolling interest15665554
Total stockholders' equity:208202194192193191196
TOTAL LIABILITIES AND EQUITY:299233226223223218214

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues27252221182025
Cost of revenue(18)(17)(15)(15)(15)(14)(16)
Gross profit:9976469
Operating expenses(7)(7)(6)(6)(7)(6)(6)
Operating income (loss):220(1)(3)(0)2
Nonoperating income (expense)0(0)2110(0)
Investment income, nonoperating(0)(0)(0)(0)000
Other nonoperating income (expense)0(0)2110(0)
Income (loss) from continuing operations before equity method investments, income taxes:2221(2)(0)2
Income (loss) from equity method investments00(0)(0)(0)(0)0
Income (loss) from continuing operations before income taxes:2221(2)(0)2
Income tax expense (benefit)(0)(1)(1)(0)0(0)(1)
Net income (loss):2110(2)(0)2
Net loss attributable to noncontrolling interest(0)(0)(1)(0)(0)(0)(0)
Net income (loss) attributable to parent:210(0)(2)(1)1
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:210(0)(2)(1)1

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):2110(2)(0)2
Other comprehensive income (loss)550(2)2(4)(2)
Comprehensive income (loss):861(2)1(5)(1)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(1)(1)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:751(2)0(5)(1)

Statements sources

The financial statements are based on the company's filings with the 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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