ADVANCED ENERGY INDUSTRIES INC
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
AEIS$221.69+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
Unaudited Consolidated Statements of Cash Flows
(In millions)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| · · 2026 · · 2025 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · · · | ||||||
| Net income | | $236.5 | | $96.1 | ||
| Less: loss from discontinued operations, net of income tax | | (1.1) | | (0.7) | ||
| Income from continuing operations, net of income tax | | 237.6 | | 96.8 | ||
| Adjustments to reconcile net income to net cash from operating activities: | | | | | ||
| Depreciation and amortization | | 49.5 | | 46.8 | ||
| Stock-based compensation | | 58.1 | | 41.2 | ||
| Amortization of debt issuance costs and debt discount | | | 4.3 | | | 2.4 |
| Loss on induced conversion of debt | | | 31.8 | | | — |
| Deferred income taxes | | 13.3 | | — | ||
| Impairment charge on long-lived assets | | | 0.5 | | | 1.8 |
| Other | | | (0.1) | | | (3.7) |
| Changes in operating assets and liabilities, net of assets acquired | | | | | ||
| Accounts receivable, net | | (149.1) | | (31.2) | ||
| Inventories | | (234.0) | | (35.4) | ||
| Other assets | | (17.5) | | (5.7) | ||
| Accounts payable | | 136.4 | | 50.5 | ||
| Operating lease right-of-use assets and operating lease liabilities, net | | | (1.7) | | | 2.5 |
| Other liabilities and accrued expenses | | 16.6 | | (11.4) | ||
| Net cash from operating activities from continuing operations | | 145.7 | | 154.6 | ||
| Net cash from operating activities from discontinued operations | | (1.6) | | (1.8) | ||
| Net cash from operating activities | | 144.1 | | 152.8 | ||
| | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | ||
| Purchases of long-term investments | | | (1.4) | | | (2.0) |
| Purchases of property and equipment | | (117.2) | | (69.9) | ||
| Net cash from investing activities | | (118.6) | | (71.9) | ||
| | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | ||
| Payment of debt issuance costs | | | (0.7) | | | (1.9) |
| Dividend payments | | | (12.0) | | | (11.6) |
| Payment of acquisition holdback | | | — | | | (1.5) |
| Purchase and retirement of common stock | | | (0.5) | | | (23.7) |
| Net payments related to stock-based awards | | (40.6) | | (8.3) | ||
| Proceeds from issuance of 2031 Notes, net | | | 1,129.3 | | | — |
| Premiums paid for Capped Call – 2031 Notes | | | (69.0) | | | — |
| Payments to settle 2028 Notes | | | (440.9) | | | — |
| Proceeds from Note Hedges and Warrants unwind – 2028 Notes | | | 44.6 | | | — |
| Net cash from financing activities | | 610.2 | | (47.0) | ||
| | | | | | | |
| Effect of currency translation on cash, cash equivalents and restricted cash | | (0.3) | | 2.6 | ||
| | | | | | | |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | | 635.4 | | 36.5 | ||
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period | | 791.2 | | 722.1 | ||
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period | | $1,426.6 | | $758.6 | ||
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
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