Axcelis Technologies, Inc. (ACLS) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments432,166294,923203,479139,881177,993133,407
Cash and cash equivalents185,595294,923203,479139,881177,993133,407
Short-term investments246,571     
Restricted cash and investments      750
Receivables169,773104,41086,86583,75378,72775,302
Inventory, net of allowances, customer advances and progress billings242,406194,984161,076140,364129,000120,544
Inventory242,406194,984161,076140,364129,000120,544
Prepaid expense600700700700  
Other undisclosed current assets32,70024,22918,67110,98111,0519,772
Total current assets:877,645619,246470,791375,679396,771339,775
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization17,94219,23820,544 
Operating lease, right-of-use asset12,1469,2424,542 
Property, plant and equipment39,66434,97229,84025,32841,14936,168
Restricted cash and investments7527577536,6536,9096,723
Deferred income tax assets31,70135,45457,851 
Other noncurrent assets33,79134,33140,30344,64531,67322,404
Deferred tax assets, net71,93983,148
Other undisclosed noncurrent assets    95,789  
Total noncurrent assets:135,996133,994153,833172,415151,670148,443
TOTAL ASSETS:1,013,641753,240624,624548,094548,441488,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities110,48976,06853,50936,02560,45457,982
Taxes payable887654294462273
Employee-related liabilities30,73224,5627,63119,21820,955
Accounts payable62,34638,02524,01325,34135,95532,642
Accrued liabilities48,1436,4244,2802,7594,8194,112
Deferred revenue123,47160,45421,221 
Debt1,229979756   
Deferred revenue and credits16,181
Contract with customer, liability24,601 
Other liabilities12,94312,6398,9457,6395,0305,124
Other undisclosed current liabilities    39919,513 
Total current liabilities:248,132150,14084,43168,66484,99779,287
Noncurrent Liabilities
Long-term debt and lease obligation45,18546,41547,393   
Finance lease, liability45,18546,41547,393 
Liabilities, other than long-term debt53,06817,72611,19816,0927,8787,997
Deferred revenue and credits1,964
Accounts payable and accrued liabilities    485272390
Deferred revenue31,3067,9821,837 
Contract with customer, liability4,650 
Liability, pension and other postretirement and postemployment benefits    3,7533,327 
Other liabilities21,7629,7449,3617,2044,2795,643
Other undisclosed noncurrent liabilities    43,91147,22947,324
Total noncurrent liabilities:98,25364,14158,59160,00355,10755,321
Total liabilities:346,385214,281143,022128,667140,104134,608
Equity
Equity, attributable to parent, including:667,256538,959481,602419,427408,337353,610
Additional paid in capital550,299559,883570,102559,878565,116556,147
Accumulated other comprehensive income (loss)(1,968)1,7653,435(258)4482,176
Retained earnings (accumulated deficit)118,892(22,722)(91,969)(140,226)(157,260)(204,745)
Other undisclosed equity, attributable to parent333334333332
Total equity:667,256538,959481,602419,427408,337353,610
TOTAL LIABILITIES AND EQUITY:1,013,641753,240624,624548,094548,441488,218

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues919,998662,428474,560342,958442,575410,561
Revenue, net410,561
Cost of revenue
(Cost of Goods and Services Sold)
(518,208)(375,983)(275,976)(198,806)(262,939)(260,314)
Gross profit:401,790286,445198,584144,152179,636150,247
Operating expenses(189,429)(159,120)(140,543)(119,947)(119,677)(102,405)
Operating income:212,361127,32558,04124,20559,95947,842
Nonoperating income (expense)(7,476)(6,897)(2,155)(3,283)(5,254)(4,011)
Investment income, nonoperating4,5512097382,9552,328714
Other nonoperating income (expense)(6,451)(2,271)2,318(1,083)(2,472)396
Interest and debt expense(5,576)(4,835)(5,211)(5,155)(5,110)(5,121)
Income from continuing operations before equity method investments, income taxes:199,309115,59350,67515,76749,59538,710
Other undisclosed income from continuing operations before income taxes5,5764,8355,2115,1555,1105,121
Income from continuing operations before income taxes:204,885120,42855,88620,92254,70543,831
Income tax expense (benefit)(21,806)(21,778)(5,904)(3,888)(8,820)83,128
Income from continuing operations:183,07998,65049,98217,03445,885126,959
Income before gain (loss) on sale of properties:98,65049,98217,03445,885126,959
Net income available to common stockholders, diluted:183,07998,65049,98217,03445,885126,959

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:183,07998,65049,98217,03445,885126,959
Other comprehensive income (loss)(3,733)(1,670)3,693(706)(1,728)4,455
Comprehensive income, net of tax, attributable to parent:179,34696,98053,67516,32844,157131,414

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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