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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 521,236 $ 544,372
Marketable securities 2,282 2,296
Accounts and other receivable, net 248,732 237,227
Inventories 360,801 338,410
Other current assets 41,429 39,929
Total current assets 1,174,480 1,162,234
Property and equipment, net 117,287 114,830
Operating lease right-of-use assets 101,581 101,769
Deposits and other assets 27,175 19,669
Goodwill 211,493 212,190
Intangible assets, net 153,608 159,406
Deferred income tax assets 46,734 47,242
TOTAL ASSETS 1,832,358 1,817,340
Current liabilities:    
Accounts payable 183,085 193,708
Income taxes payable 15,627 9,226
Accrued payroll and employee benefits 49,618 55,833
Other accrued expenses 49,704 53,445
Customer deposits and other 29,643 22,141
Current portion of long-term debt 20,000 20,000
Current portion of operating lease liabilities 15,718 15,843
Total current liabilities 363,395 370,196
Long-term debt, net 367,868 372,733
Operating lease liabilities 95,123 95,180
Pension benefits 65,956 67,255
Deferred income tax liabilities 9,346 9,921
Other long-term liabilities 29,351 30,559
Total liabilities 931,039 945,844
Commitments and contingencies (Note 17)
Stockholders' equity:    
Common stock, $0.001 par value, 70,000 shares authorized; 37,559 and 37,589 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 38 38
Additional paid-in capital 116,928 115,706
Accumulated other comprehensive income (loss) 750 (1,216)
Retained earnings 782,972 756,323
Advanced Energy stockholders' equity 900,688 870,851
Noncontrolling interest 631 645
Total stockholders' equity 901,319 871,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,832,358 $ 1,817,340