$ACLS
AXCELIS TECHNOLOGIES INC

2011 Q4 Form 10-Q Financial Statement

#000110465911061003 Filed on November 04, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q4
Revenue $60.41M $72.46M $93.40M
YoY Change -35.32% -3.53% 141.34%
Cost Of Revenue $37.80M $45.56M $61.90M
YoY Change -38.93% -15.06% 125.91%
Gross Profit $22.62M $26.90M $31.50M
YoY Change -28.18% 25.27% 176.32%
Gross Profit Margin 37.45% 37.12% 33.73%
Selling, General & Admin $11.80M $15.70M $16.30M
YoY Change -27.61% 4.38% 21.64%
% of Gross Profit 52.16% 58.36% 51.75%
Research & Development $12.10M $11.39M $11.00M
YoY Change 10.0% 15.37% 42.86%
% of Gross Profit 53.49% 42.35% 34.92%
Depreciation & Amortization $2.320M $2.170M $1.680M
YoY Change 38.1% 30.72% -9.19%
% of Gross Profit 10.26% 8.07% 5.33%
Operating Expenses $23.90M $27.08M $27.30M
YoY Change -12.45% 8.74% 29.38%
Operating Profit -$1.277M -$189.0K $4.200M
YoY Change -130.4% -94.5% -143.3%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $300.0K $1.570M -$1.900M
YoY Change -115.79% -179.25% 533.33%
Pretax Income -$900.0K $1.381M $2.300M
YoY Change -139.13% -125.48% -123.0%
Income Tax $1.200M $230.0K -$2.100M
% Of Pretax Income 16.65% -91.3%
Net Earnings -$2.100M $1.200M $4.300M
YoY Change -148.84% -119.05% -143.0%
Net Earnings / Revenue -3.48% 1.66% 4.6%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share -$78.95K $0.01 $156.9K
COMMON SHARES
Basic Shares Outstanding 106.5M shares 106.4M shares
Diluted Shares Outstanding 108.2M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.90M $44.40M $45.70M
YoY Change 2.63% -9.57% 1.56%
Cash & Equivalents $46.88M $44.41M $45.74M
Short-Term Investments
Other Short-Term Assets $10.10M $9.400M $15.30M
YoY Change -33.99% -43.71% 2.68%
Inventory $120.0M $121.9M $109.7M
Prepaid Expenses
Receivables $35.07M $39.90M $57.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $212.0M $215.6M $228.6M
YoY Change -7.26% 2.47% 18.09%
LONG-TERM ASSETS
Property, Plant & Equipment $37.20M $37.90M $38.59M
YoY Change -3.6% -2.57% -5.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.90M $19.20M $13.54M
YoY Change 46.99% 113.33% -15.89%
Total Long-Term Assets $57.21M $57.07M $52.24M
YoY Change 9.51% 19.14% -8.35%
TOTAL ASSETS
Total Short-Term Assets $212.0M $215.6M $228.6M
Total Long-Term Assets $57.21M $57.07M $52.24M
Total Assets $269.2M $272.7M $280.9M
YoY Change -4.14% 5.56% 12.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.55M $17.70M $36.71M
YoY Change -46.74% -30.59% 278.44%
Accrued Expenses $8.300M $13.20M $10.60M
YoY Change -21.7% 22.22% 13.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.47M $49.62M $68.13M
YoY Change -30.32% -8.78% 128.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.730M $7.300M $4.759M
YoY Change 20.4% 35.19% 8.16%
Total Long-Term Liabilities $5.730M $7.300M $4.759M
YoY Change 20.4% 35.19% 8.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.47M $49.62M $68.13M
Total Long-Term Liabilities $5.730M $7.300M $4.759M
Total Liabilities $54.69M $56.90M $72.89M
YoY Change -24.97% -4.85% 113.12%
SHAREHOLDERS EQUITY
Retained Earnings -$288.4M -$293.5M
YoY Change -1.73%
Common Stock $106.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.218M $1.218M
YoY Change 0.0%
Treasury Stock Shares 120.0K shares 120.0K shares
Shareholders Equity $214.6M $215.8M $205.6M
YoY Change
Total Liabilities & Shareholders Equity $269.2M $272.7M $280.9M
YoY Change -4.14% 5.56% 12.08%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q4
OPERATING ACTIVITIES
Net Income -$2.100M $1.200M $4.300M
YoY Change -148.84% -119.05% -143.0%
Depreciation, Depletion And Amortization $2.320M $2.170M $1.680M
YoY Change 38.1% 30.72% -9.19%
Cash From Operating Activities $2.680M $8.910M -$7.480M
YoY Change -135.83% -1585.0% -292.78%
INVESTING ACTIVITIES
Capital Expenditures -$170.0K -$720.0K -$640.0K
YoY Change -73.44% 157.14% 700.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K $3.640M
YoY Change -100.0% -96.67% -2241.18%
Cash From Investing Activities -$170.0K -$710.0K $2.990M
YoY Change -105.69% -3650.0% -1296.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K 30.00K 810.0K
YoY Change -70.37% -25.0% 406.25%
NET CHANGE
Cash From Operating Activities 2.680M 8.910M -7.480M
Cash From Investing Activities -170.0K -710.0K 2.990M
Cash From Financing Activities 240.0K 30.00K 810.0K
Net Change In Cash 2.750M 8.230M -3.680M
YoY Change -174.73% -1624.07% -197.1%
FREE CASH FLOW
Cash From Operating Activities $2.680M $8.910M -$7.480M
Capital Expenditures -$170.0K -$720.0K -$640.0K
Free Cash Flow $2.850M $9.630M -$6.840M
YoY Change -141.67% -3109.38% -272.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q3 us-gaap Gross Profit
GrossProfit
21470000 USD
us-gaap Sales Revenue Net
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181809000 USD
us-gaap Operating Expenses
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us-gaap Gross Profit
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us-gaap Cost Of Goods And Services Sold
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us-gaap Sales Revenue Net
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CY2010Q3 us-gaap Cost Of Goods Sold
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us-gaap Cost Of Goods Sold
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CY2010Q3 us-gaap Cost Of Services
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us-gaap Cost Of Services
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CY2010Q3 us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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us-gaap Gross Profit
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CY2010Q3 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2010Q3 us-gaap Selling And Marketing Expense
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CY2010Q3 us-gaap Sales Revenue Goods Net
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us-gaap Selling And Marketing Expense
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CY2010Q3 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2010Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2010Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Sales Revenue Goods Net
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CY2010Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000 USD
us-gaap Investment Income Interest
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CY2010Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2011Q3 us-gaap Assets Current
AssetsCurrent
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CY2011Q3 us-gaap Preferred Stock Value
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CY2010Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2010Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2010Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2010Q3 us-gaap Sales Revenue Services Net
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CY2010Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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-0.21
us-gaap Sales Revenue Services Net
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CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104307000 shares
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2011Q3 us-gaap Nonoperating Income Expense
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CY2011Q3 us-gaap Operating Income Loss
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CY2011Q3 us-gaap Operating Expenses
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CY2011Q3 us-gaap Gross Profit
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CY2011Q3 us-gaap Cost Of Goods And Services Sold
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CY2011Q3 us-gaap Sales Revenue Net
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CY2010Q3 us-gaap Sales Revenue Net
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Nonoperating Income Expense
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us-gaap Operating Income Loss
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CY2010Q4 us-gaap Liabilities And Stockholders Equity
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CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2010Q4 us-gaap Treasury Stock Value
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CY2010Q4 us-gaap Additional Paid In Capital
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CY2010Q4 us-gaap Common Stock Value
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CY2010Q4 us-gaap Preferred Stock Value
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CY2010Q4 us-gaap Other Liabilities Noncurrent
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CY2010Q4 us-gaap Deferred Revenue Noncurrent
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CY2010Q4 us-gaap Liabilities Current
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CY2010Q4 us-gaap Other Liabilities Current
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CY2010Q4 us-gaap Deferred Revenue Current
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CY2010Q4 us-gaap Product Warranty Accrual Classified Current
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CY2010Q4 us-gaap Employee Related Liabilities Current
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CY2010Q4 us-gaap Accounts Payable Current
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CY2010Q4 us-gaap Assets
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CY2010Q4 us-gaap Accounts Receivable Net Current
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CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2010Q4 us-gaap Commitments And Contingencies
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CY2011Q3 us-gaap Liabilities And Stockholders Equity
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us-gaap Proceeds From Stock Plans
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us-gaap Proceeds From Stock Options Exercised
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acls Payments Of Financing Fees And Other Expenses
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523000 USD
us-gaap Increase Decrease In Restricted Cash
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
106475496 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001113232
dei Entity Registrant Name
EntityRegistrantName
AXCELIS TECHNOLOGIES INC
us-gaap Increase Decrease In Other Operating Capital Net
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
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2011
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Inventory Write Down
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us-gaap Share Based Compensation
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us-gaap Depreciation Depletion And Amortization
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CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Net Cash Provided By Used In Continuing Operations
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-1330000 USD

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