ADVANCED ENERGY INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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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, 2024 · Filed Oct 30, 2024
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 thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| · 2024 · 2023 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · | ||||||
| Net income | | $5,340 | | $90,782 | ||
| Less: loss from discontinued operations, net of income tax | | (1,904) | | (2,076) | ||
| Income from continuing operations, net of income tax | | 7,244 | | 92,858 | ||
| Adjustments to reconcile net income to net cash from operating activities: | | | ||||
| Depreciation and amortization | | 51,824 | | 49,764 | ||
| Stock-based compensation | | 34,303 | | 22,813 | ||
| Amortization and write off of debt issuance costs and debt discount | | | 3,036 | | | 378 |
| Deferred income tax benefit | | 305 | | (996) | ||
| Other | | | 1,041 | | | 394 |
| Changes in operating assets and liabilities, net of assets acquired | | | | | ||
| Accounts receivable, net | | 23,604 | | 35,135 | ||
| Inventories | | (41,187) | | 9,025 | ||
| Other assets | | 576 | | 4,121 | ||
| Accounts payable | | (8,778) | | (26,203) | ||
| Other liabilities and accrued expenses | | (21,718) | | (59,049) | ||
| Net cash from operating activities from continuing operations | | 50,250 | | 128,240 | ||
| Net cash from operating activities from discontinued operations | | (2,191) | | (3,307) | ||
| Net cash from operating activities | | 48,059 | | 124,933 | ||
| | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | ||||
| Purchases of long-term investments | | | (2,698) | | | (3,447) |
| Purchases of property and equipment | | (44,045) | | (46,782) | ||
| Acquisitions, net of cash acquired | | | (13,762) | | | — |
| Net cash from investing activities | | (60,505) | | (50,229) | ||
| | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | ||||
| Proceeds from long-term borrowings | | | — | | | 575,000 |
| Payment of fees for long-term borrowings | | | (105) | | | (12,985) |
| Payments on long-term borrowings | | | (355,000) | | | (15,000) |
| Dividend payments | | | (11,529) | | | (11,422) |
| Payment for purchase of note hedges | | | — | | | (115,000) |
| Proceeds from sale of warrants | | | — | | | 74,865 |
| Purchase and retirement of common stock | | | (1,770) | | | (40,000) |
| Net payments related to stock-based awards | | (6,029) | | (1,254) | ||
| Net cash from financing activities | | (374,433) | | 454,204 | ||
| | | | | | | |
| EFFECT OF CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS | | (389) | | (1,795) | ||
| | | | | | | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | | (387,268) | | 527,113 | ||
| CASH AND CASH EQUIVALENTS, beginning of period | | 1,044,556 | | 458,818 | ||
| CASH AND CASH EQUIVALENTS, end of period | | $657,288 | | $985,931 | ||
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