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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 340,402 $ 349,301
Marketable securities 747 2,470
Accounts and other receivable, net of allowances of $3,831 and $1,856, respectively 250,151 100,442
Inventories 240,699 97,987
Income taxes receivable 2,124 2,220
Other current assets 45,757 10,173
Current assets from discontinued operations 84 5,855
Total current assets 879,964 568,448
Property and equipment, net 104,568 31,269
Operating lease right-of-use assets 111,193  
Deposits and other assets 20,650 6,874
Goodwill 232,200 101,900
Intangible assets, net 189,601 54,910
Deferred income tax assets 56,488 47,099
Non-current assets from discontinued operations 755 5,984
TOTAL ASSETS 1,595,419 816,484
Current liabilities:    
Accounts payable 210,647 39,646
Income taxes payable 7,070 13,258
Accrued payroll and employee benefits 48,685 21,775
Other accrued expenses 42,633 22,999
Customer deposits and other 10,804 7,345
Current portion of long-term debt 17,500  
Current portion of operating lease liabilities 17,648  
Current liabilities from discontinued operations 910 5,286
Total current liabilities 355,897 110,309
LONG-TERM LIABILITIES:    
Long-term debt 325,769  
Operating lease liabilities 95,101  
Deferred income tax liabilities 46,992 6,988
Uncertain tax positions 15,708 14,318
Long-term deferred revenue 8,153 29,108
Other long-term liabilities 86,586 37,744
Non-current liabilities from discontinued operations 1,045 10,715
Total liabilities 935,251 209,182
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; 38,332 and 38,164 issued and outstanding, respectively 38 38
Additional paid-in capital 101,757 97,418
Accumulated other comprehensive loss (9,628) (3,449)
Retained earnings 567,460 512,783
Advanced Energy stockholders' equity 659,627 606,790
Noncontrolling interest 541 512
Total stockholders' equity 660,168 607,302
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,595,419 $ 816,484