Axcelis Technologies Inc. (ACLS) Financial Statements (2025 and earlier)

Company Profile

Business Address 108 CHERRY HILL DRIVE
BEVERLY, MA 01915
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments506,148432,166294,923203,479139,881177,993
Cash and cash equivalent167,297185,595294,923203,479139,881177,993
Short-term investments338,851246,571    
Receivables217,964169,773104,41086,86583,75378,727
Inventory, net of allowances, customer advances and progress billings306,482242,406194,984161,076140,364129,000
Inventory306,482242,406194,984161,076140,364129,000
Prepaid expense600600700700700 
Other undisclosed current assets48,79732,70024,22918,67110,98111,051
Total current assets:1,079,991877,645619,246470,791375,679396,771
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization16,63217,94219,23820,544 ✕
Operating lease, right-of-use asset30,71612,1469,2424,542 ✕
Property, plant and equipment53,97139,66434,97229,84025,32841,149
Restricted cash and investments6,6547527577536,6536,909
Deferred income tax assets53,42831,70135,45457,851 ✕
Other noncurrent assets40,57533,79134,33140,30344,64531,673
Deferred tax assets, net✕✕✕✕✕✕71,939
Other undisclosed noncurrent assets     95,789 
Total noncurrent assets:201,976135,996133,994153,833172,415151,670
TOTAL ASSETS:1,281,9671,013,641753,240624,624548,094548,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106,107110,48976,06853,50936,02560,454
Taxes payable✕✕✕887654294462
Employee-related liabilities✕✕✕30,73224,5627,63119,218
Accounts payable54,40062,34638,02524,01325,34135,955
Accrued liabilities51,70748,1436,4244,2802,7594,819
Deferred revenue164,677123,47160,45421,221 ✕
Debt1,5111,229979756  
Other liabilities12,83412,94312,6398,9457,6395,030
Contract with customer, liability✕✕✕✕✕24,601 
Other undisclosed current liabilities     39919,513
Total current liabilities:285,129248,132150,14084,43168,66484,997
Noncurrent Liabilities
Long-term debt and lease obligation43,67445,18546,41547,393  
Finance lease, liability43,67445,18546,41547,393 ✕
Liabilities, other than long-term debt88,28253,06817,72611,19816,0927,878
Accounts payable and accrued liabilities     485272
Deferred revenue46,20831,3067,9821,837 ✕
Contract with customer, liability✕✕✕✕✕4,650 
Liability, pension and other postretirement and postemployment benefits     3,7533,327
Other liabilities42,07421,7629,7449,3617,2044,279
Other undisclosed noncurrent liabilities     43,91147,229
Total noncurrent liabilities:131,95698,25364,14158,59160,00355,107
Total liabilities:417,085346,385214,281143,022128,667140,104
Equity
Equity, attributable to parent, including:864,882667,256538,959481,602419,427408,337
Additional paid in capital547,189550,299559,883570,102559,878565,116
Accumulated other comprehensive income (loss)(1,846)(1,968)1,7653,435(258)448
Retained earnings (accumulated deficit)319,506118,892(22,722)(91,969)(140,226)(157,260)
Other undisclosed equity, attributable to parent333333343333
Total equity:864,882667,256538,959481,602419,427408,337
TOTAL LIABILITIES AND EQUITY:1,281,9671,013,641753,240624,624548,094548,441

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,130,604919,998662,428474,560342,958442,575
Cost of revenue
(Cost of Product and Service Sold)		(639,303)(518,208)(375,983)(275,976)(198,806)(262,939)
Gross profit:491,301401,790286,445198,584144,152179,636
Operating expenses(225,506)(189,429)(159,120)(140,543)(119,947)(119,677)
Operating income:265,795212,361127,32558,04124,20559,959
Nonoperating income (expense)12,804(7,476)(6,897)(2,155)(3,283)(5,254)
Investment income, nonoperating18,1994,5512097382,9552,328
Other nonoperating income (expense)(48)(6,451)(2,271)2,318(1,083)(2,472)
Interest and debt expense(5,347)(5,576)(4,835)(5,211)(5,155)(5,110)
Income from continuing operations before equity method investments, income taxes:273,252199,309115,59350,67515,76749,595
Other undisclosed income from continuing operations before income taxes5,3475,5764,8355,2115,1555,110
Income from continuing operations before income taxes:278,599204,885120,42855,88620,92254,705
Income tax expense(32,336)(21,806)(21,778)(5,904)(3,888)(8,820)
Income from continuing operations:246,263183,07998,65049,98217,03445,885
Income before gain (loss) on sale of properties:✕✕✕98,65049,98217,03445,885
Net income available to common stockholders, diluted:246,263183,07998,65049,98217,03445,885

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:246,263183,07998,65049,98217,03445,885
Other comprehensive income (loss)122(3,733)(1,670)3,693(706)(1,728)
Comprehensive income, net of tax, attributable to parent:246,385179,34696,98053,67516,32844,157

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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