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ADVANCED ENERGY INDUSTRIES INC (AEIS)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]1,456.01,415.8788.9718.9671.0483.7414.8367.3
            Revenue growth  2.8%79.5%9.7%7.1%38.7%16.6%12.9%22.7%
Cost of goods sold   [+]923.6874.0473.3353.3314.6230.6197.9179.3
Gross profit  532.3541.9315.7365.6356.4253.1216.9188.1
            Gross margin  36.6%38.3%40.0%50.9%53.1%52.3%52.3%51.2%
Selling, general and administrative  192.0188.6142.6108.093.377.766.158.5
Research and development  161.8144.0101.576.058.044.439.636.9
Other operating expenses       4.24.4 
EBITDA   [+]209.3237.085.6189.4210.2134.7115.798.1
            EBITDA margin  14.4%16.7%10.8%26.3%31.3%27.8%27.9%26.7%
Depreciation and amortization  30.827.614.07.85.13.64.55.5
EBITA  178.5209.371.6181.6205.1131.0111.292.6
            EBITA margin  12.3%14.8%9.1%25.3%30.6%27.1%26.8%25.2%
Amortization of intangibles  22.120.112.25.84.44.24.45.0
EBIT   [+]156.4189.259.4175.8200.8126.9106.987.6
            EBIT margin  10.7%13.4%7.5%24.5%29.9%26.2%25.8%23.8%
Non-recurring items   [+]4.813.25.04.2  0.21.5
Interest expense  5.05.83.40.20.1   
Other income (expense), net  2.0-12.116.21.1-2.51.2-1.2-0.1
Pre-tax income  148.7158.167.2172.4198.2128.1105.486.0
Income taxes  14.023.010.725.262.111.122.016.5
            Tax rate  9.4%14.5%15.9%14.6%31.3%8.7%20.8%19.2%
Minority interest  0.00.10.00.1    
Earnings from continuing ops  134.7270.256.5294.2136.1116.9325.592.0
Earnings from discontinued ops  0.1-0.48.50.01.810.5-242.0-22.5
Net income  134.7269.864.9294.2137.9127.583.569.5
            Net margin  9.3%19.1%8.2%40.9%20.5%26.3%20.1%18.9%
   
Basic EPS   [+]$3.53$7.05$1.47$7.53$3.42$2.94$7.99$2.28
Diluted EPS   [+]$3.51$7.01$1.47$7.48$3.39$2.92$7.92$2.24
   
Shares outstanding (basic)   [+]38.138.338.339.139.839.740.740.4
Shares outstanding (diluted)   [+]38.438.538.539.440.240.041.141.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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