ACLS FY 2020 Earnings Report — Axcelis Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Axcelis Technologies, Inc.ACLS

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$475M	—	$343M	—	38.4%
Op. Income	$58M	—	$24M	—	139.8%
Gross Margin	41.8%	—	42.0%	—	-0.2pp
Net Margin	10.5%	—	5.0%	—	5.6pp
EPS (Diluted)	$1.46	—	$0.50	—	192.0%
Free Cash Flow	$62M	—	-$26M	—	343.6%

Revenue Flow

Item	Amount
REVENUE	$475M
Cost of Revenue	$276M
GROSS PROFIT	$199M
R&D Expenses	$62M
Selling & Marketing	$39M
General & Administrative	$40M
SG&A Expenses	$79M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$417M
OPERATING INCOME	$58M
Interest Income	$738.0K
Interest Expense	$5M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$6M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$10M
EBIT	$61M
EBITDA	$71M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$475M
Cost of Revenue	$276M
GROSS PROFIT	$199M
R&D Expenses	$62M
Selling & Marketing	$39M
General & Administrative	$40M
SG&A Expenses	$79M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$417M
OPERATING INCOME	$58M
Interest Income	$738.0K
Interest Expense	$5M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$6M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$10M
EBIT	$61M
EBITDA	$71M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$10M
Stock-Based Compensation	$10M
Deferred Income Tax	$5M
Other Non-Cash Items	$4M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$7M
Acquisitions (Net)	$168.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	-$399.0K
Common Stock Repurchased	-$8M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$2M
FREE CASH FLOW	$62M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$203M
Short-Term Investments	$0
Net Receivables	$87M
Inventory	$161M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$471M
PP&E (Net)	$55M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$58M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$154M
TOTAL ASSETS	$625M
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$21M
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$84M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$143M
Common Stock	$34.0K
Additional Paid-In Capital	$570M
Retained Earnings	-$92M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$482M
Minority Interest	$0
TOTAL EQUITY	$482M
TOTAL LIABILITIES & EQUITY	$625M
Total Debt	$48M
Net Debt	-$155M