Axcelis Technologies, Inc. (ACLS) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments294,923203,479139,881177,993133,40770,79178,889
Cash and cash equivalents294,923203,479139,881177,993133,40770,79178,889
Restricted cash and investments    750  
Receivables104,41086,86583,75378,72775,30250,57336,868
Inventory, net of allowances, customer advances and progress billings194,984161,076140,364129,000120,544113,853115,904
Inventory194,984161,076140,364129,000120,544113,853115,904
Prepaid expense700700700    
Other undisclosed current assets24,22918,67110,98111,0519,7725,5124,792
Total current assets:619,246470,791375,679396,771339,775240,729236,453
Noncurrent Assets
Finance lease, right-of-use asset19,23820,544 
Operating lease, right-of-use asset9,2424,542 
Property, plant and equipment34,97229,84025,32841,14936,16830,84030,031
Restricted cash and investments7577536,6536,9096,7236,8646,936
Deferred income tax assets35,45457,851 
Other noncurrent assets34,33140,30344,64531,67322,40423,79814,860
Deferred tax assets, net71,93983,148  
Other undisclosed noncurrent assets  95,789    
Total noncurrent assets:133,994153,833172,415151,670148,44361,50251,827
TOTAL ASSETS:753,240624,624548,094548,441488,218302,231288,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76,06853,50936,02560,45457,98232,80432,414
Accounts payable38,02524,01325,34135,95532,64224,99619,849
Accrued liabilities6,4244,2802,7594,8194,1122,4263,363
Employee-related liabilities30,73224,5627,63119,21820,9555,1429,059
Taxes payable887654294462273240143
Deferred revenue60,45421,221 
Debt979756     
Deferred revenue and credits16,18110,3357,863
Contract with customer, liability24,601 
Other liabilities12,6398,9457,6395,0305,1244,5924,091
Other undisclosed current liabilities  39919,513   
Total current liabilities:150,14084,43168,66484,99779,28747,73144,368
Noncurrent Liabilities
Long-term debt and lease obligation46,41547,393     
Finance lease, liability46,41547,393 
Liabilities, other than long-term debt17,72611,19816,0927,8787,9975,6996,258
Deferred revenue and credits1,964674679
Accounts payable and accrued liabilities  485272390240192
Deferred revenue7,9821,837 
Contract with customer, liability4,650 
Liability, pension and other postretirement and postemployment benefits  3,7533,327   
Other liabilities9,7449,3617,2044,2795,6434,7855,387
Other undisclosed noncurrent liabilities  43,91147,22947,32447,34647,394
Total noncurrent liabilities:64,14158,59160,00355,10755,32153,04553,652
Total liabilities:214,281143,022128,667140,104134,608100,77698,020
Stockholders' equity
Stockholders' equity attributable to parent, including:538,959481,602419,427408,337353,610201,455190,260
Treasury stock, value      (1,218)
Additional paid in capital559,883570,102559,878565,116556,147535,408529,002
Accumulated other comprehensive income (loss)1,7653,435(258)4482,176(2,279)(1,431)
Accumulated deficit(22,722)(91,969)(140,226)(157,260)(204,745)(331,704)(336,209)
Other undisclosed stockholders' equity attributable to parent333433333230116
Total stockholders' equity:538,959481,602419,427408,337353,610201,455190,260
TOTAL LIABILITIES AND EQUITY:753,240624,624548,094548,441488,218302,231288,280

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues662,428474,560342,958442,575410,561266,980301,495
Revenue, net410,561266,980301,495
Cost of revenue
(Cost of Goods and Services Sold)
(375,983)(275,976)(198,806)(262,939)(260,314)(167,382)(199,789)
Gross profit:286,445198,584144,152179,636150,24799,598101,706
Operating expenses(159,120)(140,543)(119,947)(119,677)(102,405)(82,975)(80,988)
Operating income:127,32558,04124,20559,95947,84216,62320,718
Nonoperating expense(6,897)(2,155)(3,283)(5,254)(4,011)(5,599)(5,513)
Investment income, nonoperating2097382,9552,32871423864
Other nonoperating income (expense)(2,271)2,318(1,083)(2,472)396(764)(601)
Interest and debt expense(4,835)(5,211)(5,155)(5,110)(5,121)(5,073)(4,976)
Income from continuing operations before equity method investments, income taxes:115,59350,67515,76749,59538,7105,95110,229
Other undisclosed income from continuing operations before income taxes4,8355,2115,1555,1105,1215,0734,976
Income from continuing operations before income taxes:120,42855,88620,92254,70543,83111,02415,205
Income tax expense (benefit)(21,778)(5,904)(3,888)(8,820)83,128(23)(527)
Net income available to common stockholders, diluted:98,65049,98217,03445,885126,95911,00114,678

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:98,65049,98217,03445,885126,95911,00114,678
Other comprehensive income (loss)(1,670)3,693(706)(1,728)4,455(848)(2,707)
Comprehensive income, net of tax, attributable to parent:96,98053,67516,32844,157131,41410,15311,971

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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