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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 346,441 $ 349,301
Marketable securities 2,614 2,470
Accounts and other receivable, net of allowances of $7,745 and $1,856, respectively 246,564 100,442
Inventories 230,019 97,987
Income taxes receivable 4,245 2,220
Other current assets 36,825 10,173
Current assets from discontinued operations 30 5,855
Total current assets 866,738 568,448
Property and equipment, net 108,109 31,269
Operating lease right-of-use assets 105,404  
Deposits and other assets 22,287 6,874
Goodwill 202,932 101,900
Intangible assets, net 184,011 54,910
Deferred income tax assets 42,656 47,099
Non-current assets from discontinued operations 269 5,984
TOTAL ASSETS 1,532,406 816,484
Current liabilities:    
Accounts payable 170,671 39,646
Income taxes payable 9,687 13,258
Accrued payroll and employee benefits 51,545 21,775
Other accrued expenses 40,777 22,999
Customer deposits and other 10,926 7,345
Current portion of long-term debt 17,500  
Current portion of operating lease liabilities 18,312  
Current liabilities from discontinued operations 914 5,286
Total current liabilities 320,332 110,309
Long-term debt 321,527  
Operating lease liabilities 90,538  
Pension benefits 68,169 19,407
Deferred income tax liabilities 9,952 6,988
Uncertain tax positions 16,055 14,318
Long-term deferred revenue 8,011 29,108
Other long-term liabilities 19,675 18,337
Non-current liabilities from discontinued operations 887 10,715
Total liabilities 855,146 209,182
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; 38,358 and 38,164 issued and outstanding, respectively 38 38
Additional paid-in capital 104,849 97,418
Accumulated other comprehensive loss (5,897) (3,449)
Retained earnings 577,724 512,783
Advanced Energy stockholders' equity 676,714 606,790
Noncontrolling interest 546 512
Total stockholders' equity 677,260 607,302
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,532,406 $ 816,484