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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments452,864444,699432,166342,128287,167297,141
Cash and cash equivalents132,504164,479185,595308,552287,167297,141
Short-term investments320,360280,220246,57133,576  
Receivables159,199189,597169,773173,893146,120118,987
Inventory, net of allowances, customer advances and progress billings299,841262,054242,406226,507213,063203,838
Inventory299,841262,054242,406226,507213,063203,838
Prepaid expense600600600600600600
Other undisclosed current assets37,66537,49232,70032,01432,77828,140
Total current assets:950,169934,442877,645775,142679,728648,706
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization17,30517,62317,94218,26518,59018,914
Operating lease, right-of-use asset31,99810,66012,14611,89310,8799,403
Property, plant and equipment43,15640,97039,66438,77835,57235,500
Restricted cash and investments6,6526,653752749753755
Deferred income tax assets38,94435,42831,70128,37233,71536,226
Other noncurrent assets33,49434,05033,79133,06232,49932,692
Total noncurrent assets:171,549145,384135,996131,119132,008133,490
TOTAL ASSETS:1,121,7181,079,8261,013,641906,261811,736782,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,18597,435110,48991,59975,22970,234
Taxes payable5403211,734
Employee-related liabilities28,55717,15010,538
Accounts payable60,50460,47362,34654,02049,41050,759
Accrued liabilities34,68136,96248,1438,4828,3487,203
Deferred revenue138,890156,876123,471101,16962,68560,477
Debt1,3671,2971,2291,1641,1011,039
Other liabilities13,01812,33412,94313,92413,95515,747
Total current liabilities:248,460267,942248,132207,856152,970147,497
Noncurrent Liabilities
Long-term debt and lease obligation44,45544,83145,18545,50845,82246,128
Finance lease, liability44,45544,83145,18545,50845,82246,128
Liabilities, other than long-term debt84,76665,23253,06838,00726,01729,298
Deferred revenue43,65044,84931,30621,4208,86414,363
Other liabilities41,11620,38321,76216,58717,15314,935
Total noncurrent liabilities:129,221110,06398,25383,51571,83975,426
Total liabilities:377,681378,005346,385291,371224,809222,923
Equity
Equity, attributable to parent, including:744,037701,821667,256614,890586,927559,273
Additional paid in capital540,120547,692550,299549,735549,401554,633
Accumulated other comprehensive income (loss)(2,929)(1,918)(1,968)(5,771)(2,089)588
Retained earnings206,813156,014118,89270,89339,5824,019
Other undisclosed equity, attributable to parent333333333333
Total equity:744,037701,821667,256614,890586,927559,273
TOTAL LIABILITIES AND EQUITY:1,121,7181,079,8261,013,641906,261811,736782,196

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues273,970254,020266,051229,175221,177203,595
Cost of revenue
(Cost of Goods and Services Sold)
(154,267)(150,001)(156,530)(125,854)(121,996)(113,829)
Gross profit:119,703104,019109,521103,32199,18189,766
Operating expenses(55,995)(52,662)(53,432)(50,119)(45,036)(40,843)
Operating income:63,70851,35756,08953,20254,14548,923
Nonoperating income (expense)9081,5459,707(8,193)(5,949)(3,040)
Investment income, nonoperating4,3073,9362,9931,11135295
Other nonoperating income (expense)(2,050)(1,038)8,189(7,971)(5,051)(1,617)
Interest and debt expense(1,349)(1,353)(1,475)(1,333)(1,250)(1,518)
Income from continuing operations before equity method investments, income taxes:63,26751,54964,32143,67646,94644,365
Other undisclosed income from continuing operations before income taxes1,3491,3531,4751,3331,2501,518
Income from continuing operations before income taxes:64,61652,90265,79645,00948,19645,883
Income tax expense(3,037)(5,205)(8,804)(4,726)(4,007)(4,269)
Income from continuing operations:61,57947,69756,99240,28344,18941,614
Income before gain (loss) on sale of properties:40,28344,18941,614
Net income available to common stockholders, diluted:61,57947,69756,99240,28344,18941,614

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:61,57947,69756,99240,28344,18941,614
Other comprehensive income (loss)(1,011)503,803(3,682)(2,677)(1,177)
Comprehensive income, net of tax, attributable to parent:60,56847,74760,79536,60141,51240,437

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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