ADVANCED ENERGY INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
AEIS$219.30+11.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
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|---|---|---|---|---|---|---|---|---|---|---|
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| · · · Years Ended December 31, | ||||||||||
| · · 2023 · 2022 · 2021 | ||||||||||
| Revenue, net | | | $1,655,810 | | $1,845,422 | | $1,455,954 | |||
| Cost of revenue | | | 1,063,412 | | 1,169,916 | | 923,632 | |||
| Gross profit | | | 592,398 | | 675,506 | | 532,322 | |||
| | | | | | | | | | | |
| Operating expenses: | | | | | | | ||||
| Research and development | | | 202,439 | | 191,020 | | 161,831 | |||
| Selling, general, and administrative | | | 221,034 | | 218,463 | | 191,998 | |||
| Amortization of intangible assets | | | 28,254 | | 26,114 | | 22,060 | |||
| Restructuring, asset impairments, and other charges | | | 26,977 | | 6,814 | | 4,752 | |||
| Total operating expenses | | | 478,704 | | 442,411 | | 380,641 | |||
| Operating income | | | 113,694 | | 233,095 | | 151,681 | |||
| | | | | | | | | | | |
| Interest income | | | | 27,092 | | | 4,147 | | | 454 |
| Interest expense | | | | (16,566) | | | (7,325) | | | (3,576) |
| Other income (expense), net | | | (1,759) | | 11,824 | | 152 | |||
| Income from continuing operations, before income tax | | | 122,461 | | 241,741 | | 148,711 | |||
| Income tax provision (benefit) | | | (8,288) | | 39,850 | | 14,004 | |||
| Income from continuing operations | | | 130,749 | | 201,891 | | 134,707 | |||
| Income (loss) from discontinued operations, net of income tax | | | (2,465) | | (2,215) | | 73 | |||
| Net income | | | $128,284 | | $199,676 | | $134,780 | |||
| Income from continuing operations attributable to noncontrolling interest | | | - | | 16 | | 44 | |||
| Net income attributable to Advanced Energy Industries, Inc. | | | $128,284 | | $199,660 | | $134,736 | |||
| | | | | | | | | | | |
| Basic weighted-average common shares outstanding | | | 37,480 | | 37,463 | | 38,143 | |||
| Diluted weighted-average common shares outstanding | | | 37,750 | | 37,721 | | 38,355 | |||
| | | | | | | | | | | |
| Earnings per share: | | | | | | | ||||
| Continuing operations: | | | | | | | ||||
| Basic earnings per share | | | $3.49 | | $5.39 | | $3.53 | |||
| Diluted earnings per share | | | $3.46 | | $5.35 | | $3.51 | |||
| Discontinued operations: | | | | | | | | |||
| Basic loss per share | | | $(0.07) | | $(0.06) | | $— | |||
| Diluted loss per share | | | $(0.07) | | $(0.06) | | $— | |||
| Net income: | | | | | | | | |||
| Basic earnings per share | | | $3.42 | | $5.33 | | $3.53 | |||
| Diluted earnings per share | | | $3.40 | | $5.29 | | $3.51 | |||
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