Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 114

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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7   3,206 
 2028   3,214 
 2029   3,211 
 2030 and thereafter   35,781 
 Total lease payments   49,290 
 Less imputed interest   (6,271)
 Present value  $43,019 

   ​
   The weighted average remaining lease term and discount rate for the leases were as follows for the periods indicated:
   ​
   
       Nine months ended September 30,  
   2025    2024  
 Weighted Average Remaining Lease Term (Years) - operating leases   13.91   4.38 
 Weighted Average Discount Rate - operating leases   3.11%  3.12%

   Supplemental cash flow information related to the leases was as follows for the periods indicated (in thousands):

       Nine months ended September 30,  
   2025    2024  
 Cash paid for amounts included in the measurement of lease liabilities       
 Operating cash flows from operating leases  $2,652  $964 

   ​

       11

   Note 5.  Cash, Cash Equivalents and Restricted Cash
   ​
   The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statement of financial position that sum to the total of the same such amounts in the statement of cash flows (in thousands):

       September 30,    December 31,  
   2025    2024  
 Cash and cash equivalents  $136,961  $67,428 
 Restricted cash   13,756   11,705 
 Total cash, cash equivalents and restricted cash shown in the statement of cash flows  $150,717  $79,133 

   ​
   Restricted cash includes guarantee deposits for customs duties, a China government subsidy fund, and deposits as collateral in order to secure bank acceptance notes issued to vendors. As of  September 30, 2025 and   December 31, 2024, there were $9.7 million and $8.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, as of  September 30, 2025 and  December 31, 2024 certificates of deposit associated with credit facilities with a bank