ADVANCED ENERGY INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
AEIS$221.69+1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Years Ended December 31, | |||||||||
| · 2024 · 2023 · 2022 | |||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · · | |||||||||
| Net income | | $54,214 | | $128,284 | | $199,676 | |||
| Less: loss from discontinued operations, net of income tax | | (2,092) | | (2,465) | | (2,215) | |||
| Income from continuing operations, net of income tax | | 56,306 | | 130,749 | | 201,891 | |||
| Adjustments to reconcile net income to net cash from operating activities: | | | | ||||||
| Depreciation and amortization | | 68,455 | | 66,533 | | 60,296 | |||
| Stock-based compensation | | 45,940 | | 31,001 | | 19,849 | |||
| Amortization and write off of debt issuance costs and debt discount | | | 3,771 | | | 1,330 | | | 547 |
| Deferred income tax benefit | | (20,505) | | (33,940) | | (5,736) | |||
| Other | | | 1,165 | | | 439 | | | (3,962) |
| Changes in operating assets and liabilities, net of assets acquired | | | | | | | |||
| Accounts receivable, net | | 14,622 | | 23,282 | | (59,630) | |||
| Inventories | | (27,899) | | 39,300 | | (32,244) | |||
| Other assets | | (2,134) | | 5,015 | | (19,673) | |||
| Accounts payable | | (558) | | (26,080) | | (28,703) | |||
| Operating lease right-of-use assets and operating lease liabilities, net | | | (943) | | | 588 | | | 1,800 |
| Other liabilities and accrued expenses | | (5,296) | | (25,292) | | 49,296 | |||
| Net cash from operating activities from continuing operations | | 132,924 | | 212,925 | | 183,731 | |||
| Net cash from operating activities from discontinued operations | | (2,177) | | (3,988) | | (144) | |||
| Net cash from operating activities | | 130,747 | | 208,937 | | 183,587 | |||
| | | | | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | ||||||
| Purchases of long-term investments | | | (2,991) | | | (3,746) | | | — |
| Purchases of property and equipment | | (56,788) | | (61,005) | | (58,885) | |||
| Acquisitions, net of cash acquired | | | (13,762) | | | — | | | (149,387) |
| Net cash from investing activities | | (73,541) | | (64,751) | | (208,272) | |||
| | | | | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | ||||||
| Proceeds from long-term borrowings | | | — | | | 575,000 | | | — |
| Payment of fees for long-term borrowings | | | (105) | | | (13,880) | | | — |
| Payments on long-term borrowings | | | (355,000) | | | (20,000) | | | (20,000) |
| Dividend payments | | | (15,369) | | | (15,222) | | | (15,204) |
| 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) | | | (26,635) |
| Net payments related to stock-based awards | | (4,849) | | (79) | | (26) | |||
| Net cash from financing activities | | (377,093) | | 445,684 | | (61,865) | |||
| | | | | | | | | | |
| EFFECT OF CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS | | (2,583) | | (4,132) | | 996 | |||
| | | | | | | | | | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | | (322,470) | | 585,738 | | (85,554) | |||
| CASH AND CASH EQUIVALENTS, beginning of period | | 1,044,556 | | 458,818 | | 544,372 | |||
| CASH AND CASH EQUIVALENTS, end of period | | $722,086 | | $1,044,556 | | $458,818 | |||
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