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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 544,372 $ 480,368
Marketable securities 2,296 2,654
Accounts and other receivable, net 237,227 235,178
Inventories 338,410 221,346
Income taxes receivable 10,768 4,804
Other current assets 29,161 35,899
Total current assets 1,162,234 980,249
Property and equipment, net 114,830 114,731
Operating lease right-of-use assets 101,769 103,858
Deposits and other assets 19,669 19,101
Goodwill 212,190 209,983
Intangible assets, net 159,406 168,939
Deferred income tax assets 47,242 50,801
TOTAL ASSETS 1,817,340 1,647,662
Current liabilities:    
Accounts payable 193,708 125,224
Income taxes payable 9,226 11,850
Accrued payroll and employee benefits 55,833 63,487
Other accrued expenses 53,445 49,565
Customer deposits and other 22,141 12,179
Current portion of long-term debt 20,000 17,500
Current portion of operating lease liabilities 15,843 16,592
Total current liabilities 370,196 296,397
Long-term debt, net 372,733 304,546
Operating lease liabilities 95,180 95,993
Pension benefits 67,255 80,447
Deferred income tax liabilities 9,921 10,088
Uncertain tax positions 5,940 12,839
Long-term deferred revenue 6,200 7,352
Other long-term liabilities 18,419 24,660
Total liabilities 945,844 832,322
Commitments and contingencies (Note 19)
Stockholders' equity:    
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 70,000 shares authorized; 37,589 and 38,293 issued and outstanding at December 31, 2021 and 2020, respectively 38 38
Additional paid-in capital 115,706 105,009
Accumulated other comprehensive loss (1,216) (2,605)
Retained earnings 756,323 712,297
Advanced Energy stockholders' equity 870,851 814,739
Noncontrolling interest 645 601
Total stockholders' equity 871,496 815,340
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,817,340 $ 1,647,662