AXT, Inc. (AXTI)

AXT, Inc. Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	24.9	37.75	34.95	36.76	72.6	26.89
Short-Term Investments	-	2.14	9.34	5.42	0.24	9.43
Cash & Short-Term Investments	24.9	39.89	44.29	42.18	72.84	36.32
Cash Growth	-24.07%	-9.92%	4.99%	-42.09%	100.56%	-6.04%
Accounts Receivable	27.97	19.26	29.25	34.84	24.56	19.03
Receivables	27.97	19.26	29.25	34.84	24.56	19.03
Inventory	86.11	86.5	89.63	65.91	51.52	49.15
Prepaid Expenses	14.99	12.64	13.98	17.25	15.6	8.7
Restricted Cash	13.89	12.36	6.4	-	-	-
Total Current Assets	167.86	170.66	183.55	160.19	164.52	113.21
Property, Plant & Equipment	168.91	169.15	162.78	144.74	118.51	100.34
Long-Term Investments	-	12.48	16.73	19.74	12.1	5.96
Other Intangible Assets	-	1.82	1.93	2.11	1.68	1.12
Long-Term Deferred Tax Assets	-	1.68	2.24	2.34	-	-
Other Long-Term Assets	18.81	2.92	2.86	3.33	2.05	2.72
Total Assets	355.58	358.7	370.07	332.44	298.86	223.35
Accounts Payable	12.78	9.62	10.08	16.65	12.67	10.1
Accrued Expenses	11.94	7.36	8.8	8.42	7.18	5.18
Short-Term Debt	54.05	52.92	47.08	14.12	10.41	5.75
Current Portion of Leases	-	0.46	0.49	0.49	0.45	0.32
Current Income Taxes Payable	-	-	0.73	0.54	0.76	0.17
Current Unearned Revenue	-	0.31	0.34	0.95	0.37	0.4
Other Current Liabilities	-	10.89	7.82	6.67	7.24	5.62
Total Current Liabilities	78.77	81.56	75.33	47.82	39.08	27.53
Long-Term Debt	-	2.1	-	-	-	-
Long-Term Leases	1.99	2.35	1.32	1.94	2.37	2.7
Other Long-Term Liabilities	8.6	3.55	3.68	2.45	1.88	0.37
Total Liabilities	89.36	89.56	80.33	52.21	43.33	30.59
Common Stock	0.05	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	240.77	238.45	235.31	231.62	230.38	236.96
Retained Earnings	-38.58	-32.04	-14.16	-29.97	-44.55	-47.78
Comprehensive Income & Other	-5.04	-6	-3.12	6.3	3.21	-4.86
Total Common Equity	197.2	200.46	218.08	208	189.09	184.35
Minority Interest	65.49	65.16	68.14	68.7	62.91	4.88
Shareholders' Equity	266.22	269.15	289.75	280.23	255.53	192.76
Total Liabilities & Equity	355.58	358.7	370.07	332.44	298.86	223.35
Total Debt	56.05	57.83	48.89	16.54	13.23	8.76
Net Cash (Debt)	-31.15	-17.94	-4.6	25.64	59.61	27.56
Net Cash Growth	-	-	-	-56.98%	116.31%	-28.71%
Net Cash Per Share	-0.72	-0.42	-0.11	0.60	1.45	0.70
Filing Date Shares Outstanding	43.16	43.03	42.58	42.09	41.06	39.89
Total Common Shares Outstanding	43.16	43.02	42.57	42.01	40.95	39.69
Working Capital	89.09	89.1	108.22	112.36	125.44	85.68
Book Value Per Share	4.57	4.66	5.12	4.95	4.62	4.64
Tangible Book Value	197.2	198.64	216.15	205.89	187.41	183.23
Tangible Book Value Per Share	4.57	4.62	5.08	4.90	4.58	4.62
Buildings	-	125.79	118.55	108.78	94.57	38.84
Machinery	-	65.92	62.8	59.28	48.21	45.74
Construction In Progress	-	38.48	36.68	31.66	24.54	61.83
Leasehold Improvements	-	7.6	7.43	7.04	6.29	4.88

Source: S&P Capital IQ. Standard template. Financial Sources.