Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 4

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
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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      March 31,    December 31,  
 ​   2025    2024  
 ASSETS         
 Current Assets         
 Cash and cash equivalents  $51,144  $67,428 
 Restricted cash   15,667   11,705 
 Accounts receivable, net   171,101   116,801 
 Inventories   102,313   88,135 
 Prepaid expenses and other current assets   18,617   17,199 
 Total current assets   358,842   301,268 
 Property, plant and equipment, net   241,453   219,235 
 Land use rights, net   4,814   4,837 
 Operating right of use asset   9,216   9,646 
 Intangible assets, net   3,634   3,680 
 Other assets, net   26,709   8,366 
 TOTAL ASSETS  $644,668  $547,032 
 LIABILITIES AND STOCKHOLDERS' EQUITY         
 Current liabilities         
 Accounts payable  $124,866  $104,969 
 Bank acceptance payable   23,992   19,259 
 Accrued liabilities   20,488   22,091 
 Current lease liability - operating   1,349   1,380 
 Current portion of notes payable and long-term debt   20,312   22,370 
 Total current liabilities   191,007   170,069 
 Non-current lease liability - operating   8,608   9,041 
 Long term debt   1,811   4,313 
 Convertible senior notes   134,229   134,497 
 TOTAL LIABILITIES   335,655   317,920 
 Commitments and contingencies           
 Stockholders' equity:         
 Preferred Stock; 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively   —   — 
 Common Stock; 80,000 shares authorized at $0.001 par value