AXT, Inc. (AXTI)

AXT, Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.83	37.75	34.95	36.76	72.6
Short-Term Investments	-	2.14	9.34	5.42	0.24
Cash & Short-Term Investments	22.83	39.89	44.29	42.18	72.84
Cash Growth	-42.76%	-9.92%	4.99%	-42.09%	100.56%
Accounts Receivable	25.64	19.26	29.25	34.84	24.56
Receivables	25.64	19.26	29.25	34.84	24.56
Inventory	85.08	86.5	89.63	65.91	51.52
Prepaid Expenses	13.74	12.64	13.98	17.25	15.6
Restricted Cash	10.98	12.36	6.4	-	-
Total Current Assets	158.27	170.66	183.55	160.19	164.52
Property, Plant & Equipment	162.2	169.15	162.78	144.74	118.51
Long-Term Investments	14.62	13.03	16.73	19.74	12.1
Other Intangible Assets	1.71	1.82	1.93	2.11	1.68
Long-Term Deferred Tax Assets	1.42	1.68	2.24	2.34	-
Other Long-Term Assets	1.1	2.37	2.86	3.33	2.05
Total Assets	339.31	358.7	370.07	332.44	298.86
Accounts Payable	12.36	9.62	10.08	16.65	12.67
Accrued Expenses	6.94	7.36	8.8	8.42	7.18
Short-Term Debt	45.96	52.92	47.08	14.12	10.41
Current Portion of Long-Term Debt	1.3	-	-	-	-
Current Portion of Leases	0.54	0.46	0.49	0.49	0.45
Current Income Taxes Payable	0.13	-	0.73	0.54	0.76
Current Unearned Revenue	1.59	0.31	0.34	0.95	0.37
Other Current Liabilities	5.37	10.89	7.82	6.67	7.24
Total Current Liabilities	74.18	81.56	75.33	47.82	39.08
Long-Term Debt	5.8	-	-	-	-
Long-Term Leases	1.98	2.35	1.32	1.94	2.37
Other Long-Term Liabilities	2.45	5.65	3.68	2.45	1.88
Total Liabilities	84.41	89.56	80.33	52.21	43.33
Common Stock	0.05	0.04	0.04	0.04	0.04
Additional Paid-In Capital	241.51	238.45	235.31	231.62	230.38
Retained Earnings	-43.66	-32.04	-14.16	-29.97	-44.55
Comprehensive Income & Other	-8.66	-6	-3.12	6.3	3.21
Total Common Equity	189.24	200.46	218.08	208	189.09
Minority Interest	62.14	65.16	68.14	68.7	62.91
Shareholders' Equity	254.91	269.15	289.75	280.23	255.53
Total Liabilities & Equity	339.31	358.7	370.07	332.44	298.86
Total Debt	55.58	55.73	48.89	16.54	13.23
Net Cash (Debt)	-32.74	-15.84	-4.6	25.64	59.61
Net Cash Growth	-	-	-	-56.98%	116.31%
Net Cash Per Share	-0.76	-0.37	-0.11	0.60	1.45
Filing Date Shares Outstanding	44.06	43.03	42.58	42.09	41.06
Total Common Shares Outstanding	43.82	43.02	42.57	42.01	40.95
Working Capital	84.1	89.1	108.22	112.36	125.44
Book Value Per Share	4.32	4.66	5.12	4.95	4.62
Tangible Book Value	187.53	198.64	216.15	205.89	187.41
Tangible Book Value Per Share	4.28	4.62	5.08	4.90	4.58
Buildings	137.42	125.79	118.55	108.78	94.57
Machinery	67.92	65.92	62.8	59.28	48.21
Construction In Progress	23.53	38.48	36.68	31.66	24.54
Leasehold Improvements	7.58	7.6	7.43	7.04	6.29

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q