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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73363964483641
Cash and cash equivalents73271744362529
Short-term investments092220111112
Receivables25192023141818
Inventory, net of allowances, customer advances and progress billings52495946403839
Inventory52495946403839
Other undisclosed current assets169128546
Total current assets:16511312914110797103
Noncurrent Assets
Operating lease, right-of-use asset3 
Property, plant and equipment116978247283134
Long-term investments and receivables6 113698
Long-term investments6 113688
Due from related parties    02 
Other noncurrent assets10101212131415
Other undisclosed noncurrent assets 3    2
Total noncurrent assets:1341109571475558
TOTAL ASSETS:299223224211154152162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29222923131318
Accounts payable13101311767
Accrued liabilities16121511668
Employee-related liabilities      3
Taxes payable      0
Debt106     
Other undisclosed current liabilities      (3)
Total current liabilities:39282923131315
Noncurrent Liabilities
Long-term debt and lease obligation2      
Operating lease, liability2 
Liabilities, other than long-term debt, including:2000112
Other liabilities2000000
Other undisclosed liabilities, other than long-term debt    011
Other undisclosed noncurrent liabilities 3  000
Total noncurrent liabilities:4300112
Total liabilities:43312923141417
Temporary equity, carrying amount48      
Stockholders' equity
Stockholders' equity attributable to parent, including:193188191184136132138
Preferred stock44444 4
Common stock0000000
Additional paid in capital230237234232197195195
Accumulated other comprehensive income (loss)3(5)(2)3048
Accumulated deficit(45)(48)(45)(55)(65)(71)(68)
Other undisclosed stockholders' equity attributable to parent     4 
Stockholders' equity attributable to noncontrolling interest15544466
Total stockholders' equity:208193195188140138145
TOTAL LIABILITIES AND EQUITY:299223224211154152162

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues958310299817883
Cost of revenue(65)(58)(65)(64)(55)(61)(66)
Cost of goods and services sold   (64)(55)(61)(66)
Gross profit:30253734261717
Operating expenses(26)(25)(25)(22)(20)(22)(20)
Operating income (loss):4(0)12136(5)(3)
Nonoperating income (expense)311(0)12(0)
Investment income, nonoperating(0)010000
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)310(1)120
Income (loss) from continuing operations before equity method investments, income taxes:7113138(2)(3)
Income (loss) from equity method investments0(2)(1)(2)(2)02
Other undisclosed income from continuing operations before income taxes      1
Income (loss) from continuing operations before income taxes:7(1)12116(2)(0)
Income tax expense(2)(1)(1)(1)(1)(1)(0)
Net income (loss):5(2)11105(3)(1)
Net income (loss) attributable to noncontrolling interest(2)(1)(1)010(1)
Net income (loss) attributable to parent:3(3)10106(2)(1)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:3(3)9105(2)(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):5(2)11105(3)(1)
Other comprehensive income (loss)8(2)(6)4(5)(4)(1)
Comprehensive income (loss):13(4)5140(6)(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)(1)(0)111
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:11(5)4132(6)(3)

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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