AXT Inc (AXTI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36396448364137
Cash and cash equivalents27174436252925
Short-term investments9222011111212
Receivables19202314181815
Inventory, net of allowances, customer advances and progress billings49594640383939
Inventory49594640383939
Other undisclosed current assets91285468
Total current assets:11312914110797103100
Noncurrent Assets
Property, plant and equipment97824728313438
Long-term investments and receivables 11369810
Long-term investments 11368810
Due from related parties   02  
Other noncurrent assets10121213141515
Other undisclosed noncurrent assets3    22
Total noncurrent assets:110957147555864
TOTAL ASSETS:223224211154152162164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22292313131817
Accounts payable1013117678
Accrued liabilities1215116687
Employee-related liabilities     32
Taxes payable     00
Debt6      
Other undisclosed current liabilities     (3)(2)
Total current liabilities:28292313131515
Noncurrent Liabilities
Liabilities, other than long-term debt, including:0001123
Other liabilities0000000
Other undisclosed liabilities, other than long-term debt   0112
Other undisclosed noncurrent liabilities3  0000
Total noncurrent liabilities:3001123
Total liabilities:31292314141718
Stockholders' equity
Stockholders' equity attributable to parent, including:188191184136132138140
Preferred stock4444 44
Common stock0000000
Treasury stock, value      (1)
Additional paid in capital237234232197195195194
Accumulated other comprehensive income (loss)(5)(2)30489
Accumulated deficit(48)(45)(55)(65)(71)(68)(67)
Other undisclosed stockholders' equity attributable to parent    4 1
Stockholders' equity attributable to noncontrolling interest5444666
Total stockholders' equity:193195188140138145146
TOTAL LIABILITIES AND EQUITY:223224211154152162164

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues831029981788385
Cost of revenue(58)(65)(64)(55)(61)(66)(74)
Cost of goods and services sold  (64)(55)(61)(66)(74)
Gross profit:25373426171712
Operating expenses(25)(25)(22)(20)(22)(20)(19)
Operating income (loss):(0)12136(5)(3)(8)
Nonoperating income (expense)11(0)12(0)(1)
Investment income, nonoperating0100001
Foreign currency transaction loss, before tax     (1)(1)
Other nonoperating income (expense)10(1)120(1)
Income (loss) from continuing operations before equity method investments, income taxes:113138(2)(3)(8)
Income (loss) from equity method investments(2)(1)(2)(2)021
Other undisclosed income from continuing operations before income taxes     10
Income (loss) from continuing operations before income taxes:(1)12116(2)(0)(7)
Income tax expense(1)(1)(1)(1)(1)(0)(0)
Net income (loss):(2)11105(3)(1)(7)
Net income (loss) attributable to noncontrolling interest(1)(1)010(1)(1)
Net income (loss) attributable to parent:(3)10106(2)(1)(8)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(3)9105(2)(2)(8)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(2)11105(3)(1)(7)
Other comprehensive income (loss)(2)(6)4(5)(4)(1)3
Comprehensive income (loss):(4)5140(6)(2)(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(0)1111
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1)(3)
Comprehensive income (loss), net of tax, attributable to parent:(5)4132(6)(3)(5)

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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