$AEIS
ADVANCED ENERGY INDUSTRIES INC

2023 Q2 Form 10-Q Financial Statement

#000155837023007821 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $415.5M $425.0M
YoY Change -5.77% 6.94%
Cost Of Revenue $268.4M $269.9M
YoY Change -3.72% 6.63%
Gross Profit $147.1M $155.1M
YoY Change -9.3% 7.48%
Gross Profit Margin 35.4% 36.49%
Selling, General & Admin $55.61M $55.36M
YoY Change 1.07% 12.25%
% of Gross Profit 37.81% 35.69%
Research & Development $51.41M $51.61M
YoY Change 7.09% 18.33%
% of Gross Profit 34.96% 33.27%
Depreciation & Amortization $9.368M $16.52M
YoY Change 10.65% 18.97%
% of Gross Profit 6.37% 10.65%
Operating Expenses $117.3M $115.1M
YoY Change 7.19% 15.47%
Operating Profit $29.83M $40.04M
YoY Change -43.48% -10.34%
Interest Expense -$2.832M -$2.723M
YoY Change 127.84% 107.55%
% of Operating Profit -9.5% -6.8%
Other Income/Expense, Net $2.425M -$550.0K
YoY Change -25.36% -34.68%
Pretax Income $32.25M $39.49M
YoY Change -42.43% -9.88%
Income Tax $4.795M $7.736M
% Of Pretax Income 14.87% 19.59%
Net Earnings $27.14M $30.92M
YoY Change -39.65% -15.93%
Net Earnings / Revenue 6.53% 7.27%
Basic Earnings Per Share $0.72 $0.83
Diluted Earnings Per Share $0.72 $0.82
COMMON SHARES
Basic Shares Outstanding 37.53M 37.47M
Diluted Shares Outstanding 37.80M 37.76M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $455.3M $461.7M
YoY Change 22.15% -11.81%
Cash & Equivalents $455.3M $461.7M
Short-Term Investments
Other Short-Term Assets $46.85M $55.49M
YoY Change -2.65% 33.93%
Inventory $392.3M $401.5M
Prepaid Expenses
Receivables $258.8M $291.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.153B $1.210B
YoY Change 6.04% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $159.0M $152.8M
YoY Change 25.42% 30.25%
Goodwill $282.7M $282.6M
YoY Change 0.64% 33.6%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $85.50M $84.61M
YoY Change 11.17% 14.48%
Total Long-Term Assets $796.7M $798.4M
YoY Change 0.78% 21.36%
TOTAL ASSETS
Total Short-Term Assets $1.153B $1.210B
Total Long-Term Assets $796.7M $798.4M
Total Assets $1.950B $2.009B
YoY Change 3.82% 9.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.3M $185.8M
YoY Change -24.57% 1.5%
Accrued Expenses $119.5M $149.6M
YoY Change -0.99% 30.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $303.4M $384.3M
YoY Change -22.0% 5.74%
LONG-TERM LIABILITIES
Long-Term Debt $343.5M $348.4M
YoY Change -5.37% -5.3%
Other Long-Term Liabilities $44.38M $43.97M
YoY Change 42.99% 49.79%
Total Long-Term Liabilities $387.9M $392.4M
YoY Change -1.56% -1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $303.4M $384.3M
Total Long-Term Liabilities $387.9M $392.4M
Total Liabilities $824.6M $912.8M
YoY Change -13.49% -1.96%
SHAREHOLDERS EQUITY
Retained Earnings $965.7M $942.4M
YoY Change 19.55% 20.36%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.125B $1.096B
YoY Change
Total Liabilities & Shareholders Equity $1.950B $2.009B
YoY Change 3.82% 9.62%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $27.14M $30.92M
YoY Change -39.65% -15.93%
Depreciation, Depletion And Amortization $9.368M $16.52M
YoY Change 10.65% 18.97%
Cash From Operating Activities $22.60M $29.81M
YoY Change -40.16% 203.54%
INVESTING ACTIVITIES
Capital Expenditures $17.41M $16.21M
YoY Change -240.42% 23.98%
Acquisitions
YoY Change
Other Investing Activities -$3.128M $0.00
YoY Change -97.85% -100.0%
Cash From Investing Activities -$20.54M -$16.21M
YoY Change -86.96% 18.54%
FINANCING ACTIVITIES
Cash Dividend Paid $3.814M
YoY Change 0.66%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.171M -10.81M
YoY Change -67.35% -39.34%
NET CHANGE
Cash From Operating Activities 22.60M 29.81M
Cash From Investing Activities -20.54M -16.21M
Cash From Financing Activities -8.171M -10.81M
Net Change In Cash -6.109M 2.847M
YoY Change -95.78% -112.31%
FREE CASH FLOW
Cash From Operating Activities $22.60M $29.81M
Capital Expenditures $17.41M $16.21M
Free Cash Flow $5.190M $13.60M
YoY Change -89.66% -517.98%

Facts In Submission

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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
3814000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2013000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
30921000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1095913000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
30921000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
36764000
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-831000
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-98000
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
31752000
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
36862000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16523000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13888000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6801000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3928000
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-617000
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1060000
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-115000
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-276000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13590000
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12579000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25699000
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23616000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8971000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3840000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16770000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6469000
CY2023Q1 aeis Increase Decrease In Other Current Liabilities And Accrued Expenses
IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses
18384000
CY2022Q1 aeis Increase Decrease In Other Current Liabilities And Accrued Expenses
IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses
-2523000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
31880000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
9913000
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2069000
CY2022Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-92000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29811000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9821000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16210000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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13075000
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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600000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-16210000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13675000
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3814000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3789000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6594000
CY2023Q1 aeis Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
-1991000
CY2022Q1 aeis Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
-2430000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10805000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17813000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
51000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1469000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2847000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23136000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
458818000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
544372000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
461665000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
521236000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
2590000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1123000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2838000
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2444000
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Use of Estimates in the Preparation of the Consolidated Financial Statements </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-indent:36pt;margin:0pt;"><span style="font-weight:normal;">The preparation of our consolidated financial statements in conformity with U.S. GAAP requires us to make estimates, assumptions, and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The significant estimates, assumptions, and judgments include, but are not limited to:</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="margin-bottom:10pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.89%;"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:2pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</div><div style="display:table-cell;padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">excess and obsolete inventory;</span></div></div></div><div style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:2pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</div><div style="display:table-cell;padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">pension obligations;</span></div></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:2pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</div><div style="display:table-cell;padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">acquisitions and asset valuations; and</span></div></div></div><div style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:2pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</div><div style="display:table-cell;padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">income taxes and other provisions.</span></div></div></div></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="margin-bottom:10pt;visibility:hidden;">​</span></p>
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
397459000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
397459000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
397459000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
397459000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39488000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43815000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7736000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6953000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
31752000
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
36862000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
31752000
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
36876000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37475000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37549000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
282000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
221000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37757000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37770000
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.85
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.98
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.98
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
6594000
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
82000
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
80.02
CY2023Q1 aeis Treasury Stock Shares Acquired Related Party
TreasuryStockSharesAcquiredRelatedParty
0
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
199300000
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2023Q1 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.01172
CY2023Q1 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.00322
CY2023Q1 aeis Derivative Transitional Rate Adjustment
DerivativeTransitionalRateAdjustment
0.0010
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
102378000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
189526000
CY2023Q1 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5702000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
1814000
CY2023Q1 us-gaap Allowance For Loan And Lease Losses Loans Acquired
AllowanceForLoanAndLeaseLossesLoansAcquired
123000
CY2023Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
1937000
CY2023Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
299132000
CY2022Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
286955000
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23144000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23002000
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
79254000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
66055000
CY2023Q1 us-gaap Inventory Net
InventoryNet
401530000
CY2022Q4 us-gaap Inventory Net
InventoryNet
376012000
CY2023Q1 us-gaap Amortization Of Intangible Assets
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7062000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5509000
CY2023Q1 us-gaap Property Plant And Equipment Gross
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295413000
CY2022Q4 us-gaap Property Plant And Equipment Gross
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283283000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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142651000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
134821000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
152762000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
148462000
CY2023Q1 us-gaap Depreciation
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9461000
CY2022Q1 us-gaap Depreciation
Depreciation
8379000
CY2022Q4 us-gaap Goodwill
Goodwill
281433000
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
701000
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-430000
CY2023Q1 us-gaap Goodwill
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282564000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
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292446000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
109855000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
182591000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
291904000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
21210000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
25200000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20995000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19280000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17372000
CY2023Q1 aeis Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
78534000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
182591000
CY2023Q1 us-gaap Restructuring Charges
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1043000
CY2022Q1 us-gaap Restructuring Charges
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1218000
us-gaap Restructuring Charges
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35052000
CY2022Q4 us-gaap Restructuring Reserve
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7210000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1043000
CY2023Q1 us-gaap Payments For Restructuring
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1871000
CY2023Q1 us-gaap Restructuring Reserve Translation Adjustment
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-223000
CY2023Q1 us-gaap Restructuring Reserve
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6159000
CY2023Q1 us-gaap Product Warranty Accrual Warranties Issued
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1016000
CY2023Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
1212000
CY2023Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
6000
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5500000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5680000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5719000
CY2023Q1 aeis Short Term And Variable Lease Costs
ShortTermAndVariableLeaseCosts
1083000
CY2022Q1 aeis Short Term And Variable Lease Costs
ShortTermAndVariableLeaseCosts
1090000
CY2023Q1 us-gaap Lease Cost
LeaseCost
6763000
CY2022Q1 us-gaap Lease Cost
LeaseCost
6809000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
16021000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19469000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15859000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13590000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11884000
CY2023Q1 aeis Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
57977000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
134800000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27540000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
107260000
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5820000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5626000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
208000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4530000
CY2023Q1 aeis Number Of Stock Based Incentive Compensation Plans
NumberOfStockBasedIncentiveCompensationPlans
2
CY2023Q1 aeis Number Of Stock Based Incentive Compensation Plans
NumberOfStockBasedIncentiveCompensationPlans
2
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
370000000
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
370000000.0
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1611000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1738000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
368389000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
373262000
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
348389000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
353262000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
15000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
20000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
315000000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
370000000
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2590000
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1123000
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
133000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
135000
CY2023Q1 us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
51000
CY2022Q1 us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
54000
CY2023Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
2774000
CY2022Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1312000

Files In Submission

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aeis-20230331_cal.xml Edgar Link unprocessable
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