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10-Q Filing

ADVANCED ENERGY INDUSTRIES INC CIK: 927003 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0000927003-12-000010
Period End Date 20120331
Filing Date 20120508
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance aeis-20120331.xml
Filing Contents
Balance Sheet 91 line items
Line Item Tag Value Unit Period
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $6.69M USD Point-in-time
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $6.80M USD Point-in-time
Inventory, reserves InventoryValuationReserves $14.71M USD Point-in-time
Inventory, reserves InventoryValuationReserves $13.61M USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $132.42M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $130.91M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $25.32M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $25.57M USD Point-in-time
Accounts receivable, net of allowances of $6,693 and $6,796, respectively AccountsReceivableNetCurrent $103.41M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, net of allowances of $6,693 and $6,796, respectively AccountsReceivableNetCurrent $132.49M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories, net of reserves of $186 and $235, respectively InventoryNet $83.16M USD Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories, net of reserves of $186 and $235, respectively InventoryNet $80.28M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $9.01M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $9.01M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 70.00M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $13.83M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 70.00M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $14.86M USD Point-in-time
Other current assets OtherAssetsCurrent $11.67M USD Point-in-time
Other current assets OtherAssetsCurrent $10.73M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 40.06M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 41.96M shares Point-in-time
Total current assets AssetsCurrent $371.93M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 41.96M shares Point-in-time
Total current assets AssetsCurrent $390.49M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 40.06M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $42.34M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $41.25M USD Point-in-time
Deposits and other UncertainTaxPositionsAndOtherDeposits $9.03M USD Point-in-time
Deposits and other UncertainTaxPositionsAndOtherDeposits $8.96M USD Point-in-time
Goodwill Goodwill $46.52M USD Point-in-time
Goodwill Goodwill $46.52M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $42.07M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $43.44M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $1.64M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $1.71M USD Point-in-time
Total assets Assets $512.49M USD Point-in-time
Total assets Assets $533.38M USD Point-in-time
Accounts payable AccountsPayableCurrent $44.83M USD Point-in-time
Accounts payable AccountsPayableCurrent $38.23M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.67M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $3.31M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $9.18M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $9.56M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $8.43M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $8.75M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $11.23M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $10.80M USD Point-in-time
Customer deposits CustomerDepositsAndDeferredRevenueCurrent $8.18M USD Point-in-time
Customer deposits CustomerDepositsAndDeferredRevenueCurrent $14.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $78.61M USD Point-in-time
Total current liabilities LiabilitiesCurrent $91.24M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $7.00M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $6.47M USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $16.40M USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $16.40M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualNoncurrent $5.57M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualNoncurrent $6.29M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $15.35M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $5.63M USD Point-in-time
Total liabilities Liabilities $126.04M USD Point-in-time
Total liabilities Liabilities $122.94M USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value, 70,000 shares authorized; 40,056 and 41,956 issued and outstanding, respectively CommonStockValueOutstanding $40.00K USD Point-in-time
Common stock, $0.001 par value, 70,000 shares authorized; 40,056 and 41,956 issued and outstanding, respectively CommonStockValueOutstanding $42.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $254.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $236.93M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $124.77M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $125.84M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $26.75M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $28.53M USD Point-in-time
Total stockholders' equity StockholdersEquity $407.34M USD Point-in-time
Total stockholders' equity StockholdersEquity $389.55M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $512.49M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $533.38M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
SALES SalesRevenueNet $137.65M USD 1 Quarter
SALES SalesRevenueNet $105.79M USD 1 Quarter
COST OF SALES CostOfGoodsAndServicesSold $66.04M USD 1 Quarter
COST OF SALES CostOfGoodsAndServicesSold $75.61M USD 1 Quarter
GROSS PROFIT GrossProfit $39.74M USD 1 Quarter
GROSS PROFIT GrossProfit $62.05M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.12M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.86M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $20.91M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $20.06M USD 1 Quarter
Amortization of intangible assets FiniteLivedIntangibleAssetsAmortizationExpense $1.37M USD 1 Quarter
Amortization of intangible assets FiniteLivedIntangibleAssetsAmortizationExpense $921.00K USD 1 Quarter
Restructuring charges OtherRestructuringCosts $2.58M USD 1 Quarter
Restructuring charges OtherRestructuringCosts - USD 1 Quarter
Total operating expenses OperatingExpenses $37.69M USD 1 Quarter
Total operating expenses OperatingExpenses $39.12M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $24.36M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $623.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $411.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $663.00K USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.03M USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $25.02M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.25M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $268.00K USD 1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF INCOME TAXES IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $18.77M USD 1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF INCOME TAXES IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $766.00K USD 1 Quarter
Income (loss) from discontinued operations, net of income taxes DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax $303.00K USD 1 Quarter
Income (loss) from discontinued operations, net of income taxes DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax $140.00K USD 1 Quarter
NET INCOME (LOSS) NetIncomeLoss $18.91M USD 1 Quarter
NET INCOME (LOSS) NetIncomeLoss $1.07M USD 1 Quarter
Basic weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 43.44M shares 1 Quarter
Basic weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 40.78M shares 1 Quarter
Diluted weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 44.13M shares 1 Quarter
Diluted weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 41.29M shares 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE IncomeLossFromContinuingOperationsPerBasicShare $0.02 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE IncomeLossFromContinuingOperationsPerBasicShare $0.43 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE IncomeLossFromContinuingOperationsPerDilutedShare $0.43 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE IncomeLossFromContinuingOperationsPerDilutedShare $0.02 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE EarningsPerShareBasic $0.44 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE EarningsPerShareBasic $0.03 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE EarningsPerShareDiluted $0.43 USD 1 Quarter
DILUTED EARNINGS (LOSS) PER SHARE EarningsPerShareDiluted $0.03 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $18.91M USD 1 Quarter
Net income (loss) NetIncomeLoss $1.07M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.26M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.21M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.74M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.01M USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $478.00K USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-180.00K USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Restructuring charges RestructuringCharges $2.58M USD 1 Quarter
Gain on sale of discontinued operations, net of income taxes GainLossOnSaleOfPropertyPlantEquipment $-556.00K USD 1 Quarter
Gain on sale of discontinued operations, net of income taxes GainLossOnSaleOfPropertyPlantEquipment $-632.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $904.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.76M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.93M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.31M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $-1.11M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $-3.49M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-6.82M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.21M USD 1 Quarter
Other current liabilities and accrued expenses IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses $9.75M USD 1 Quarter
Other current liabilities and accrued expenses IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses $-1.75M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxes $-1.78M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxes $386.00K USD 1 Quarter
Non-current liabilities IncreaseDecreaseInNonCurrentLiabilities - USD 1 Quarter
Non-current liabilities IncreaseDecreaseInNonCurrentLiabilities $-348.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.69M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.71M USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $4.33M USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $-22.00K USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $4.56M USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $2.00M USD 1 Quarter
Proceeds from sale of gas flow control business ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from sale of gas flow control business ProceedsFromDivestitureOfBusinesses $16.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.12M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.43M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.89M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.39M USD 1 Quarter
Payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $23.00K USD 1 Quarter
Payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $39.00K USD 1 Quarter
Purchase and retirement of treasury stock PaymentsForRepurchaseOfCommonStock $21.93M USD 1 Quarter
Purchase and retirement of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $101.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.62M USD 1 Quarter
Excess tax benefit from stock-based compensation deduction ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-88.00K USD 1 Quarter
Excess tax benefit from stock-based compensation deduction ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-254.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-22.11M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $1.49M USD 1 Quarter
EFFECT OF CURRENCY TRANSLATION ON CASH EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-1.91M USD 1 Quarter
EFFECT OF CURRENCY TRANSLATION ON CASH EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-315.00K USD 1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $1.50M USD 1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $7.78M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $132.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $130.91M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $132.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $130.91M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
Cash paid for interest InterestPaidNet $14.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $10.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $6.25M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $1.17M USD 1 Quarter
Cash received for refunds of income taxes ProceedsFromIncomeTaxRefunds $176.00K USD 1 Quarter
Cash received for refunds of income taxes ProceedsFromIncomeTaxRefunds $5.00K USD 1 Quarter
Cash held in banks outside the United States CashHeldInBanksOutside $58.49M USD 1 Quarter
Cash held in banks outside the United States CashHeldInBanksOutside $57.03M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net Income (Loss) NetIncomeLoss $18.91M USD 1 Quarter
Net Income (Loss) NetIncomeLoss $1.07M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $-287.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $-1.80M USD 1 Quarter
Unrealized gains (losses) on securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $19.00K USD 1 Quarter
Unrealized gains (losses) on securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-3.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-710.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $18.62M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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