AXT Inc (AXTI) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,18272,84236,31938,65564,38447,56736,312
Cash and cash equivalents36,76372,60226,89216,52644,35236,15224,875
Short-term investments5,4192409,42722,12920,03211,41511,437
Receivables34,83924,55819,03119,58622,77814,45318,468
Inventory, net of allowances, customer advances and progress billings65,91251,51549,15258,57145,84040,15238,012
Inventory65,91251,51549,15258,57145,84040,15238,012
Other undisclosed current assets17,25215,6038,70311,7287,5195,1144,096
Total current assets:160,185164,518113,205128,540140,521107,28696,888
Noncurrent Assets
Operating lease, right-of-use asset2,3242,683 
Property, plant and equipment142,415115,82597,40382,28046,53027,80531,422
Long-term investments and receivables9,5765,726 71712,5766,3139,472
Long-term investments9,5765,726 71712,5766,1567,691
Due from related parties     1571,781
Other noncurrent assets17,94110,1109,80311,98711,57312,84214,114
Other undisclosed noncurrent assets  2,938    
Total noncurrent assets:172,256134,344110,14494,98470,67946,96055,008
TOTAL ASSETS:332,441298,862223,349223,524211,200154,246151,896
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,70628,66421,77928,70922,59413,05012,841
Accounts payable16,64912,66910,09813,33811,4456,6916,460
Accrued liabilities17,05715,99511,68115,37111,1496,3596,381
Debt12,22910,4115,747    
Other undisclosed current liabilities1,887      
Total current liabilities:47,82239,07527,52628,70922,59413,05012,841
Noncurrent Liabilities
Long-term debt and lease obligation1,9352,374     
Operating lease, liability1,9352,374 
Liabilities, other than long-term debt, including:2,4531,8813662832895751,150
Other liabilities2,4531,881366283289330344
Other undisclosed liabilities, other than long-term debt     245806
Other undisclosed noncurrent liabilities  2,695  330344
Total noncurrent liabilities:4,3884,2553,0612832899051,494
Total liabilities:52,21043,33030,58728,99222,88313,95514,335
Temporary equity, carrying amount50,38547,563     
Stockholders' equity
Stockholders' equity attributable to parent, including:211,529192,619187,885190,835183,820135,911131,971
Preferred stock3,5323,5323,5323,5323,5323,532 
Common stock43424139393332
Additional paid in capital231,622230,381236,957234,419231,679197,078194,646
Accumulated other comprehensive income (loss)6,3023,209(4,862)(1,972)3,4072534,382
Accumulated deficit(29,970)(44,545)(47,783)(45,183)(54,837)(64,985)(70,621)
Other undisclosed stockholders' equity attributable to parent      3,532
Stockholders' equity attributable to noncontrolling interest18,31715,3504,8773,6974,4974,3805,590
Total stockholders' equity:229,846207,969192,762194,532188,317140,291137,561
TOTAL LIABILITIES AND EQUITY:332,441298,862223,349223,524211,200154,246151,896

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues137,39395,36183,256102,39798,67381,34977,502
Cost of revenue(89,979)(65,086)(58,431)(65,350)(64,198)(54,968)(60,673)
Cost of goods and services sold    (64,198)(54,968)(60,673)
Gross profit:47,41430,27524,82537,04734,47526,38116,829
Operating expenses(34,517)(26,335)(25,139)(24,900)(21,836)(19,956)(21,728)
Operating income (loss):12,8973,940(314)12,14712,6396,425(4,899)
Nonoperating income (expense)2963,0211,164880(92)1,2692,435
Investment income, nonoperating(213)(179)217528461409412
Other nonoperating income (expense)5093,200947352(553)8602,023
Income (loss) from continuing operations before equity method investments, income taxes:13,1936,96185013,02712,5477,694(2,464)
Income (loss) from equity method investments4,409111(1,876)(1,080)(1,694)(1,995)462
Income (loss) from continuing operations before income taxes:17,6027,072(1,026)11,94710,8535,699(2,002)
Income tax expense(1,093)(2,031)(562)(938)(792)(733)(531)
Net income (loss):16,5095,041(1,588)11,00910,0614,966(2,533)
Net income (loss) attributable to noncontrolling interest(1,934)(1,803)(1,012)(1,355)87670305
Net income (loss) attributable to parent:14,5753,238(2,600)9,65410,1485,636(2,228)
Preferred stock dividends and other adjustments(177)(177)(177)(177)(177)(177)(177)
Net income (loss) available to common stockholders, diluted:14,3983,061(2,777)9,4779,9715,459(2,405)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):16,5095,041(1,588)11,00910,0614,966(2,533)
Other comprehensive income (loss)3,6518,449(2,383)(5,740)3,588(4,617)(3,738)
Comprehensive income (loss):20,16013,490(3,971)5,26913,649349(6,271)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,492)(2,181)(1,519)(994)(347)1,158752
Comprehensive income (loss), net of tax, attributable to parent:17,66811,309(5,490)4,27513,3021,507(5,519)

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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