Advanced Energy Industries (AEIS) FY2021 results: revenue $1.5 billion, up 2.8% on the year
Advanced Energy Industries Inc. (AEIS) reported revenue of $1.5 billion for fiscal 2021, the year ended 31 December 2021, up 2.8% on the year before. Net income was $135 million, unchanged, and diluted earnings per share $3.51. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2022.
Revenue
$1.5 billion
+2.8% on the year
FY2014FY2021
Operating margin
10.4%
12.4% a year earlier
FY2014FY2021
Net income
$135 million
+0.0% on the year
FY2014FY2021
Diluted EPS
$3.51
+0.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
140
201
48.4
-30.3%
Capital expenditure
28.8
36.4
25.2
-20.8%
Free cash flow
111
165
23.2
-32.4%
Free cash flow margin
7.7%
11.6%
2.9%
Cash from investing
-47.3
-42.8
-394
Cash from financing
-25.4
-29.6
339
Depreciation and amortisation
52.9
47.8
26.1
+10.7%
Share-based compensation
15.7
12.3
7.3
+28.3%
Buybacks
78.1
11.6
n/a
+571.8%
Dividends paid
15.4
n/a
n/a
Dividend per share
$0.10
n/a
n/a
Diluted shares, weighted
38m
39m
38m
-0.5%
Shares outstanding at period end
38m
38m
38m
-1.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
871
815
677
+6.9%
Non-controlling interest
0.6
0.6
0.5
+7.3%
Debt
393
322
339
+21.9%
Operating lease liabilities
95.2
96.0
90.5
-0.8%
Other liabilities
458
414
426
+10.5%
Total liabilities and equity
1,817
1,648
1,532
+10.3%
Fixed assets
115
115
108
+0.1%
Goodwill
212
210
203
+1.1%
Intangible assets
159
169
184
-5.6%
Investments
2.3
2.7
2.6
-13.5%
Cash and equivalents
544
480
346
+13.3%
Inventory
338
221
230
+52.9%
Other assets
446
450
458
-0.8%
Total assets
1,817
1,648
1,532
+10.3%
10-K for the year ended 31 December 2021, filed 16 March 2022: the filing.