Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 4

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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Applied Optoelectronics, Inc. and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands)

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      June 30,    December 31,  
 ​   2025    2024  
 ASSETS         
 Current Assets         
 Cash and cash equivalents  $64,699  $67,428 
 Restricted cash   22,496   11,705 
 Accounts receivable, net   211,452   116,801 
 Inventories, net   138,867   88,135 
 Prepaid expenses and other current assets   20,824   17,199 
 Total current assets   458,338   301,268 
 Property, plant and equipment, net   269,386   219,235 
 Land use rights, net   4,798   4,837 
 Operating right of use assets   22,106   9,646 
 Intangible assets, net   3,639   3,680 
 Other assets, net   38,583   8,366 
 TOTAL ASSETS  $796,850  $547,032 
 LIABILITIES AND STOCKHOLDERS' EQUITY         
 Current liabilities         
 Accounts payable  $132,962  $104,969 
 Bank acceptance payable   32,107   19,259 
 Accrued liabilities   27,686   22,091 
 Current lease liabilities - operating   1,905   1,380 
 Current portion of notes payable and long-term debt   22,183   22,370 
 Total current liabilities   216,843   170,069 
 Non-current lease liabilities - operating   21,090   9,041 
 Long term debt   -   4,313 
 Convertible senior notes   133,936   134,497 
 TOTAL LIABILITIES   371,869   317,920 
 Commitments and contingencies (Note 18)           
 Stockholders' equity:         
 Preferred Stock; 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively   —   — 
 Common Stock; 120,000 and 80,