ADVANCED ENERGY INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
AEIS$219.30+11.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | |
| · · Years Ended December 31, | |||||||||
| · 2024 · 2023 · 2022 | |||||||||
| Revenue, net | | $1,482,042 | | $1,655,810 | | $1,845,422 | |||
| Cost of revenue | | 952,699 | | 1,063,412 | | 1,169,916 | |||
| Gross profit | | 529,343 | | 592,398 | | 675,506 | |||
| | | | | | | | | | |
| Operating expenses: | | | | | | ||||
| Research and development | | 211,834 | | 202,439 | | 191,020 | |||
| Selling, general, and administrative | | 224,538 | | 221,034 | | 218,463 | |||
| Amortization of intangible assets | | 26,046 | | 28,254 | | 26,114 | |||
| Restructuring, asset impairments, and other charges | | 30,318 | | 26,977 | | 6,814 | |||
| Total operating expenses | | 492,736 | | 478,704 | | 442,411 | |||
| Operating income | | 36,607 | | 113,694 | | 233,095 | |||
| | | | | | | | | | |
| Interest income | | | 42,860 | | | 27,092 | | | 4,147 |
| Interest expense | | | (25,105) | | | (16,566) | | | (7,325) |
| Other income (expense), net | | (1,985) | | (1,759) | | 11,824 | |||
| Income from continuing operations, before income tax | | 52,377 | | 122,461 | | 241,741 | |||
| Income tax provision (benefit) | | (3,929) | | (8,288) | | 39,850 | |||
| Income from continuing operations | | 56,306 | | 130,749 | | 201,891 | |||
| Loss from discontinued operations, net of income tax | | (2,092) | | (2,465) | | (2,215) | |||
| Net income | | $54,214 | | $128,284 | | $199,676 | |||
| Income from continuing operations attributable to noncontrolling interest | | - | | - | | 16 | |||
| Net income attributable to Advanced Energy Industries, Inc. | | $54,214 | | $128,284 | | $199,660 | |||
| | | | | | | | | | |
| Basic weighted-average common shares outstanding | | 37,476 | | 37,480 | | 37,463 | |||
| Diluted weighted-average common shares outstanding | | 37,839 | | 37,750 | | 37,721 | |||
| | | | | | | | | | |
| Earnings (loss) per share: | | | | | | ||||
| Continuing operations: | | | | | | ||||
| Basic earnings per share | | $1.50 | | $3.49 | | $5.39 | |||
| Diluted earnings per share | | $1.49 | | $3.46 | | $5.35 | |||
| Discontinued operations: | | | | | | | |||
| Basic loss per share | | $(0.06) | | $(0.07) | | $(0.06) | |||
| Diluted loss per share | | $(0.06) | | $(0.07) | | $(0.06) | |||
| Net income: | | | | | | | |||
| Basic earnings per share | | $1.45 | | $3.42 | | $5.33 | |||
| Diluted earnings per share | | $1.43 | | $3.40 | | $5.29 | |||
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