Below are the financial statements of Advanced Energy Industries, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue, net | 1,482.04a | 1,655.81a | 1,845.42a |
| Cost of revenue | -952.7a | -1,063.41a | -1,169.92a |
| Gross profit | 529.34a | 592.4a | 675.51a |
| Operating expenses | — | — | — |
| Research and development | -211.83a | -202.44a | -191.02a |
| Selling, general, and administrative | -224.54a | -221.03a | -218.46a |
| Amortization of intangible assets | -26.05a | -28.25a | -26.11a |
| Restructuring, asset impairments, and other charges | -30.32a | -26.98a | -6.81a |
| Total operating expenses | -492.74a | -478.7a | -442.41a |
| Operating income | 36.61a | 113.69a | 233.1a |
| Interest income | 42.86a | 27.09a | 4.15a |
| Interest expense | -25.11a | -16.57a | -7.33a |
| Other income (expense), net | -1.99a | -1.76a | 11.82a |
| Income from continuing operations, before income tax | 52.38a | 122.46a | 241.74a |
| Income tax provision (benefit) | -3.93a | -8.29a | -39.85a |
| Income from continuing operations | 56.31a | 130.75a | 201.89a |
| Loss from discontinued operations, net of income tax | -2.09a | -2.47a | -2.22a |
| Net income | 54.21a | 128.28a | 199.68a |
| Income from continuing operations attributable to noncontrolling interest | 0a | 0a | 0.02a |
| Net income attributable to Advanced Energy Industries, Inc. | 54.21a | 128.28a | 199.66a |
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