$AEIS
ADVANCED ENERGY INDUSTRIES INC

2024 Q2 Form 10-Q Financial Statement

#000155837024006384 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $364.9M $327.5M $425.0M
YoY Change -12.17% -22.95% 6.94%
Cost Of Revenue $237.2M $214.6M $269.9M
YoY Change -11.63% -20.48% 6.63%
Gross Profit $127.7M $112.8M $155.1M
YoY Change -13.15% -27.26% 7.48%
Gross Profit Margin 35.0% 34.45% 36.49%
Selling, General & Admin $55.01M $55.12M $55.36M
YoY Change -1.08% -0.42% 12.25%
% of Gross Profit 43.07% 48.86% 35.69%
Research & Development $52.34M $49.84M $51.61M
YoY Change 1.79% -3.44% 18.33%
% of Gross Profit 40.97% 44.17% 33.27%
Depreciation & Amortization $16.97M $16.95M $16.52M
YoY Change 81.11% 2.6% 18.97%
% of Gross Profit 13.28% 15.02% 10.65%
Operating Expenses $114.8M $112.2M $115.1M
YoY Change -2.12% -2.54% 15.47%
Operating Profit $12.97M $677.0K $40.04M
YoY Change -56.52% -98.31% -10.34%
Interest Expense $6.956M $7.127M -$2.723M
YoY Change -345.62% -361.73% 107.55%
% of Operating Profit 53.64% 1052.73% -6.8%
Other Income/Expense, Net $638.0K $1.379M -$550.0K
YoY Change -73.69% -350.73% -34.68%
Pretax Income $18.77M $7.574M $39.49M
YoY Change -41.8% -80.82% -9.88%
Income Tax $3.165M $1.787M $7.736M
% Of Pretax Income 16.86% 23.59% 19.59%
Net Earnings $15.03M $5.216M $30.92M
YoY Change -44.62% -83.13% -15.93%
Net Earnings / Revenue 4.12% 1.59% 7.27%
Basic Earnings Per Share $0.40 $0.14 $0.83
Diluted Earnings Per Share $0.40 $0.14 $0.82
COMMON SHARES
Basic Shares Outstanding 37.44M 37.32M 37.47M
Diluted Shares Outstanding 37.78M 37.69M 37.76M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $986.1M $1.018B $461.7M
YoY Change 116.62% 120.46% -11.81%
Cash & Equivalents $986.1M $1.018B $461.7M
Short-Term Investments
Other Short-Term Assets $46.13M $44.99M $55.49M
YoY Change -1.53% -18.92% 33.93%
Inventory $383.1M $361.3M $401.5M
Prepaid Expenses
Receivables $262.4M $247.5M $291.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.678B $1.672B $1.210B
YoY Change 45.49% 38.11% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $180.6M $175.5M $152.8M
YoY Change 13.58% 14.85% 30.25%
Goodwill $297.3M $280.8M $282.6M
YoY Change 5.18% -0.61% 33.6%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $130.8M $135.6M $84.61M
YoY Change 52.96% 60.29% 14.48%
Total Long-Term Assets $864.0M $852.5M $798.4M
YoY Change 8.45% 6.77% 21.36%
TOTAL ASSETS
Total Short-Term Assets $1.678B $1.672B $1.210B
Total Long-Term Assets $864.0M $852.5M $798.4M
Total Assets $2.542B $2.524B $2.009B
YoY Change 30.36% 25.66% 9.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $157.5M $137.9M $185.8M
YoY Change 5.54% -25.78% 1.5%
Accrued Expenses $116.8M $126.5M $149.6M
YoY Change -2.26% -15.42% 30.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M $20.00M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $306.8M $298.0M $384.3M
YoY Change 1.12% -22.45% 5.74%
LONG-TERM LIABILITIES
Long-Term Debt $887.3M $891.5M $348.4M
YoY Change 158.3% 155.89% -5.3%
Other Long-Term Liabilities $37.54M $43.30M $43.97M
YoY Change -15.41% -1.52% 49.79%
Total Long-Term Liabilities $924.9M $934.8M $392.4M
YoY Change 138.43% 138.25% -1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $306.8M $298.0M $384.3M
Total Long-Term Liabilities $924.9M $934.8M $392.4M
Total Liabilities $1.377B $1.381B $912.8M
YoY Change 66.96% 51.32% -1.96%
SHAREHOLDERS EQUITY
Retained Earnings $1.002B $991.1M $942.4M
YoY Change 3.77% 5.17% 20.36%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.165B $1.143B $1.096B
YoY Change
Total Liabilities & Shareholders Equity $2.542B $2.524B $2.009B
YoY Change 30.36% 25.66% 9.62%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $15.03M $5.216M $30.92M
YoY Change -44.62% -83.13% -15.93%
Depreciation, Depletion And Amortization $16.97M $16.95M $16.52M
YoY Change 81.11% 2.6% 18.97%
Cash From Operating Activities $6.714M $7.283M $29.81M
YoY Change -70.3% -75.57% 203.54%
INVESTING ACTIVITIES
Capital Expenditures $14.78M $16.63M $16.21M
YoY Change -15.14% 2.58% 23.98%
Acquisitions
YoY Change
Other Investing Activities -$14.07M -$2.092M $0.00
YoY Change 349.84% -100.0%
Cash From Investing Activities -$28.85M -$18.72M -$16.21M
YoY Change 40.44% 15.49% 18.54%
FINANCING ACTIVITIES
Cash Dividend Paid $3.810M $3.814M
YoY Change -0.1% 0.66%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.021M -14.14M -10.81M
YoY Change 10.4% 30.84% -39.34%
NET CHANGE
Cash From Operating Activities 6.714M 7.283M 29.81M
Cash From Investing Activities -28.85M -18.72M -16.21M
Cash From Financing Activities -9.021M -14.14M -10.81M
Net Change In Cash -31.16M -26.78M 2.847M
YoY Change 409.99% -1040.5% -112.31%
FREE CASH FLOW
Cash From Operating Activities $6.714M $7.283M $29.81M
Capital Expenditures $14.78M $16.63M $16.21M
Free Cash Flow -$8.063M -$9.346M $13.60M
YoY Change -255.36% -168.72% -517.98%

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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
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-7969000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5216000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1142883000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5216000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
30921000
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-571000
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-831000
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5787000
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
31752000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16952000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16523000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
11005000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6801000
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
816000
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
128000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-617000
CY2024Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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7000
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-115000
CY2024Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
441000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33444000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13590000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
26786000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25699000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2617000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8971000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3001000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16770000
CY2024Q1 aeis Increase Decrease In Other Current Liabilities And Accrued Expenses
IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses
32384000
CY2023Q1 aeis Increase Decrease In Other Current Liabilities And Accrued Expenses
IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses
18512000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7993000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
31880000
CY2024Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-710000
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2069000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7283000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29811000
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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2092000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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16629000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16210000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18721000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16210000
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3810000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3814000
CY2024Q1 aeis Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
-5327000
CY2023Q1 aeis Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
-1991000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-10805000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-1201000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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51000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26776000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2847000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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1044556000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
458818000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1017780000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
461665000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
6302000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
2590000
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2471000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2838000
CY2024Q1 us-gaap Use Of Estimates
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<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><span style="font-weight:normal;">excess and obsolete inventory, income taxes and other provisions, and acquisitions and asset valuations.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327475000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327475000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327475000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327475000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425040000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7574000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39488000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1787000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7736000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5787000
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
31752000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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37359000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37475000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
328000
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
282000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37687000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37757000
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.15
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.85
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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102000
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2024Q1 us-gaap Depreciation
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10005000
CY2023Q1 us-gaap Depreciation
Depreciation
9461000
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q1 us-gaap Stock Repurchased And Retired During Period Shares
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CY2024Q1 us-gaap Stock Repurchased And Retired During Period Shares
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CY2024Q1 us-gaap Derivative Fixed Interest Rate
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CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
138209000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
132309000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161478000
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2024Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
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CY2023Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
249698000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15730000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14595000
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
71844000
CY2024Q1 us-gaap Inventory Net
InventoryNet
361337000
CY2023Q4 us-gaap Inventory Net
InventoryNet
336137000
CY2024Q1 us-gaap Property Plant And Equipment Gross
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351901000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
337036000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
176448000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
169371000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
175453000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
167665000
CY2024Q1 us-gaap Amortization Of Intangible Assets
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6947000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7062000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18259000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20988000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19272000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17366000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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16131000
CY2024Q1 aeis Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
62374000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
154390000
CY2023Q4 us-gaap Goodwill
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283840000
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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3006000
CY2024Q1 us-gaap Goodwill
Goodwill
280834000
CY2024Q1 us-gaap Restructuring Charges
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CY2023Q1 us-gaap Restructuring Charges
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1043000
CY2024Q1 aeis Other Miscellaneous Charges
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276000
CY2024Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
245000
CY2023Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1043000
CY2024Q1 aeis Number Of Restructuring Plans In Process
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CY2023Q4 us-gaap Restructuring Reserve
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17342000
CY2024Q1 us-gaap Restructuring Charges
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CY2024Q1 us-gaap Payments For Restructuring
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CY2024Q1 us-gaap Restructuring Reserve
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10804000
CY2024Q1 aeis Other Miscellaneous Charges
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300000
CY2023Q4 us-gaap Product Warranty Accrual
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CY2024Q1 us-gaap Product Warranty Accrual Warranties Issued
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436000
CY2024Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
595000
CY2024Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
139000
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3987000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5860000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2024Q1 aeis Short Term And Variable Lease Costs
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CY2023Q1 aeis Short Term And Variable Lease Costs
ShortTermAndVariableLeaseCosts
1083000
CY2024Q1 us-gaap Lease Cost
LeaseCost
6527000
CY2023Q1 us-gaap Lease Cost
LeaseCost
6763000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
17405000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20576000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17968000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15529000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15168000
CY2024Q1 aeis Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
60360000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
147006000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30104000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
116902000
CY2024Q1 aeis Future Commencement Lease Agreement Payments
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36300000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5721000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5820000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16837000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
208000
CY2024Q1 aeis Number Of Stock Based Incentive Compensation Plans
NumberOfStockBasedIncentiveCompensationPlans
2
CY2024Q1 aeis Number Of Stock Based Incentive Compensation Plans
NumberOfStockBasedIncentiveCompensationPlans
2
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
1800000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11005000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6801000
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
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CY2023Q1 us-gaap Amortization Of Financing Costs
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133000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
925000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
930000000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13505000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14321000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
911495000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
891495000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
895679000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
15000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
20000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
315000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
575000000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
925000000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
925000000
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
6302000
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2590000
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
820000
CY2024Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
7122000
CY2023Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
2723000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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aeis-20240331_pre.xml Edgar Link unprocessable