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Applied Optoelectronics AAOI TW — Deferred Tax Assets Valuation Allowance

Discontinued — last reported Q3 '20

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Other financials

Income statement

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Revenue$151.1M+51.4%
Gross profit$15.9M-21.1%
Operating income-$16.5M-147%
Net income-$14.3M-55.7%
EPS (diluted)-$0.42-55.6%

Balance sheet

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Cash & equivalents$439.7M+760%
Total debt$115.1M+280%
Total equity$1.1B+258%
Total assets$1.6B+143%

Cash flow

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Operating cash flow-$85.4M-67.6%
CapEx$58.2M+105%
Free cash flow-$143.6M-81.0%

Valuation

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Market cap$12.99B+752%
Enterprise value$12.66B+732%
P/S25.6×+20.7×

Profitability

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Gross margin22.7%
Operating margin-24.5%
Net margin-8.5%-3.9pp
FCF margin-82.4%+129pp

Returns & leverage

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Return on equity-6.1%-2.9pp
Debt / equity0.1×0.0×
Current ratio3.8×+1.9×

Where this comes from

Reported directly by Applied Optoelectronics in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

The official record: Applied Optoelectronics’s 10-Q, filed November 5, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does TW — deferred tax assets valuation allowance mean?
The portion of tax assets that the company expects it will not be able to use to lower future taxes.
How do you interpret TW — deferred tax assets valuation allowance?
A decrease suggests improved confidence in future profitability, while an increase indicates management's skepticism regarding the segment's future earnings potential.
How does TW — deferred tax assets valuation allowance compare across companies?
Comparable to valuation allowance adjustments reported in the income tax disclosures of companies with significant deferred tax assets.