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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 458,818 $ 544,372
Accounts and other receivable, net 300,683 237,227
Inventories 376,012 338,410
Other current assets 53,001 42,225
Total current assets 1,188,514 1,162,234
Property and equipment, net 148,462 114,830
Operating lease right-of-use assets 100,177 101,769
Other assets 84,056 66,911
Intangible assets, net 189,526 159,406
Goodwill 281,433 212,190
TOTAL ASSETS 1,992,168 1,817,340
Current liabilities:    
Accounts payable 170,467 193,708
Accrued payroll and employee benefits 82,733 55,833
Other accrued expenses 76,750 62,671
Customer deposits and other 26,322 22,141
Current portion of long-term debt 20,000 20,000
Current portion of operating lease liabilities 16,771 15,843
Total current liabilities 393,043 370,196
Long-term debt, net 353,262 372,733
Operating lease liabilities 94,460 95,180
Pension benefits 44,031 67,255
Other long-term liabilities 41,105 40,480
Total liabilities 925,901 945,844
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; 37,429 and 37,589 issued and outstanding at December 31, 2022 and December 31, 2021, respectively 37 38
Additional paid-in capital 134,640 115,706
Accumulated other comprehensive income (loss) 16,320 (1,216)
Retained earnings 915,270 756,323
Advanced Energy Industries, Inc. stockholders' equity 1,066,267 870,851
Noncontrolling interest   645
Total stockholders' equity 1,066,267 871,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,992,168 $ 1,817,340