← APPLIED OPTOELECTRONICS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $31.2m | $74.0m | ($2.1m) | ($66.0m) | ($58.5m) | ($54.2m) | ($66.4m) | ($56.0m) | ($186.7m) | ($38.2m) | — | |
| Depreciation and amortization | $14.2m | $20.4m | $29.7m | $24.0m | $24.7m | $25.4m | $23.2m | $20.4m | $20.6m | $27.7m | $35.3m | |
| Depreciation | $13.7m | $19.9m | $29.2m | $23.5m | $24.2m | $24.8m | $22.6m | $19.7m | $20.2m | $27.2m | $35.3m | |
| Amortization of Debt Issuance Costs | — | — | $42k | $892k | $900k | $865k | $902k | $2.3m | $1.4m | ($1.0m) | — | |
| Amortization of Intangible Assets | $500k | $500k | $500k | $500k | $500k | $500k | $600k | $700k | $400k | $400k | — | |
| Deferred Income Tax Expense (Benefit) | ($11.4m) | ($98k) | ($9.1m) | $14.5m | $7.2m | $0 | $0 | $0 | $0 | ($8.5m) | ($6.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $3.8m | $7.8m | $11.1m | $11.8m | $13.0m | $12.1m | $9.6m | $11.9m | $14.8m | $11.7m | $15.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $10.7m | $4.1m | $897k | $1.1m | $960k | $453k | $956k | $4.3m | $10.5m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $11.8m | $13.0m | $12.1m | $9.6m | $11.9m | $14.8m | $11.7m | $15.2m | |
| Nonoperating Income (Expense) | — | — | — | ($2.6m) | ($2.4m) | $2.6m | ($7.4m) | ($14.7m) | ($115.8m) | $7.9m | — | |
| Other Nonoperating Income (Expense) | ($2.0m) | ($2.4m) | $990k | $1.8m | $3.0m | $8.2m | ($1.2m) | ($5.9m) | ($109.9m) | $9.6m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $11.1m | $10.1m | ($29.3m) | $4.4m | $8.4m | $7.0m | $12.7m | ($13.1m) | $68.7m | $127.6m | ($102.6m) | |
| Increase (Decrease) in Inventories | ($10.2m) | $21.9m | $28.4m | ($1.6m) | $23.7m | ($15.8m) | ($1.1m) | ($6.8m) | $29.4m | $100.7m | ($143.8m) | |
| Inventory Write-down | $3.7m | $1.9m | $3.5m | $13.4m | $20.4m | $16.8m | $10.4m | $10.6m | $3.7m | $9.3m | — | |
| Increase (Decrease) in Accounts Payable | $9.1m | $7.2m | ($13.7m) | $3.1m | ($3.3m) | $7.1m | $13.0m | ($15.0m) | $72.1m | $39.0m | $153.1m | |
| Net Cash Provided by (Used in) Operating Activities | $57.1m |
$84.3m
+47.60%
|
$14.0m
-83.36%
|
($1.8m)
-112.50%
|
($44.0m)
-2409.06%
|
($11.6m)
+73.54%
|
($14.0m)
-20.42%
|
($7.9m)
+43.45%
|
($69.5m)
-776.86%
|
($174.4m)
-150.88%
|
($131.8m)
+24.43%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $49.4m | $67.0m | $71.9m | $28.8m | $15.8m | $8.0m | $3.2m | $9.1m | $43.4m | $179.1m | ($469.5m) | |
| Property, plant and equipment acquisitions funded by liabilities | $49.4m | $67.0m | $71.9m | $28.8m | $15.8m | $8.0m | $3.2m | $9.1m | $43.4m | $179.1m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($126k) | ($97k) | ($71.9m) | ($28.8m) | ($15.8m) | ($8.0m) | ($3.2m) | ($9.1m) | ($43.4m) | ($179.1m) | $9.2m | |
| Restricted Cash and Investments, Current | $8k | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($41.5m) | ($70.2m) | ($76.5m) | ($32.1m) | ($19.3m) | ($10.5m) | ($3.8m) | ($14.8m) | ($50.7m) | ($210.6m) | ($769.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | $0 | $0 | $6.2m | $0 | $0 | ($112.0m) | $0 | — | |
| Proceeds from Issuance of Common Stock | $27.2m | $21.6m | $0 | $0 | $39.2m | $15.4m | $1.2m | $69.0m | $146.3m | $518.9m | $1.4b | |
| Net Cash Provided by (Used in) Financing Activities | $4.6m |
$18.2m
+293.02%
|
$34.8m
+90.76%
|
$42.6m
+22.39%
|
$47.4m
+11.37%
|
$14.1m
-70.30%
|
$10.8m
-23.67%
|
$40.6m
+277.36%
|
$142.2m
+250.38%
|
$527.9m
+271.32%
|
$1.3b
+148.56%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $19.2m | $32.0m | ($25.9m) | $9.0m | ($16.9m) | ($9.0m) | ($5.5m) | $19.5m | $24.0m | $136.9m | $498.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $19.2m | $83.9m | $58.0m | $67.0m | $50.1m | $41.1m | $35.6m | $55.1m | $79.1m | $216.0m | $498.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.9m | ($385k) | $1.7m | $298k | ($999k) | ($876k) | $1.6m | $1.6m | $2.1m | ($6.0m) | $10.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.7m | $872k | $848k | $3.2m | $5.0m | $4.9m | $5.1m | $8.1m | $4.9m | $2.5m | — | |
| Income Taxes Paid, Net | ($12k) | $5.8m | $8.5m | ($890k) | ($364k) | $1k | $0 | $9k | $0 | — | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($617k) | ($2.0m) | $663k | $20k | $1k | $454k | ($1.5m) | $711k | $144k | $2.0m | — | |
| Gain (Loss) on Disposition of Assets | ($126k) | ($97k) | ($7k) | ($13k) | ($15k) | ($1k) | $47k | ($51k) | ($132k) | ($38k) | — | |
| General and Administrative Expense | $25.5m | $35.3m | $39.5m | $41.5m | $41.9m | $42.4m | $46.7m | $53.2m | $59.6m | $75.7m | — | |
| Income Tax Expense (Benefit) | ($10.2m) | $10.6m | ($7.6m) | $14.7m | $7.2m | $2k | $1k | $9k | $2k | ($8.5m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $6.8m | $3.5m | — | |
| Investment Income, Interest | $247k | $221k | $282k | $925k | $255k | $70k | $126k | $609k | $874k | $1.8m | — | |
| Operating Expenses | $63.9m | $79.3m | $98.5m | $94.9m | $99.4m | $94.5m | $92.6m | $100.3m | $132.7m | $191.5m | — | |
| Operating Lease, Expense | — | — | — | $1.2m | $1.2m | $1.2m | $1.2m | — | — | — | — | |
| Proceeds from Stock Options Exercised | $859k | $1.5m | $120k | $14k | $13k | $8k | $0 | $22k | — | — | — |