Advanced Energy Industries (AEIS) FY2022 results: revenue $1.8 billion, up 26.8% on the year
Advanced Energy Industries Inc. (AEIS) reported revenue of $1.8 billion for fiscal 2022, the year ended 31 December 2022, up 26.8% on the year before. Net income was $200 million, up 48.2%, and diluted earnings per share $5.29. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$1.8 billion
+26.8% on the year
FY2015FY2022
Operating margin
12.6%
10.4% a year earlier
FY2015FY2022
Net income
$200 million
+48.2% on the year
FY2015FY2022
Diluted EPS
$5.29
+50.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
184
140
201
+30.9%
Capital expenditure
58.9
28.8
36.4
+104.3%
Free cash flow
125
111
165
+11.9%
Free cash flow margin
6.8%
7.7%
11.6%
Cash from investing
-208
-47.3
-42.8
Cash from financing
-61.9
-25.4
-29.6
Depreciation and amortisation
60.3
52.9
47.8
+14.0%
Share-based compensation
19.8
15.7
12.3
+26.1%
Buybacks
26.6
78.1
11.6
-65.9%
Dividends paid
15.2
15.4
n/a
-1.2%
Dividend per share
$0.10
$0.10
n/a
0.0%
Diluted shares, weighted
38m
38m
39m
-1.7%
Shares outstanding at period end
37m
38m
38m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,066
871
815
+22.4%
Non-controlling interest
n/a
0.6
0.6
Debt
373
393
322
-5.0%
Operating lease liabilities
94.5
95.2
96.0
-0.8%
Other liabilities
458
458
414
+0.1%
Total liabilities and equity
1,992
1,817
1,648
+9.6%
Fixed assets
148
115
115
+29.3%
Goodwill
281
212
210
+32.6%
Intangible assets
190
159
169
+18.9%
Investments
n/a
2.3
2.7
Cash and equivalents
459
544
480
-15.7%
Receivables
301
n/a
n/a
Inventory
376
338
221
+11.1%
Other assets
237
446
450
-46.8%
Total assets
1,992
1,817
1,648
+9.6%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.