ACLS FY 2021 Earnings Report — Axcelis Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Axcelis Technologies, Inc.ACLS

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$662M	—	$475M	—	39.6%
Op. Income	$127M	—	$58M	—	119.4%
Gross Margin	43.2%	—	41.8%	—	1.4pp
Net Margin	14.9%	—	10.5%	—	4.4pp
EPS (Diluted)	$2.88	—	$1.46	—	97.3%
Free Cash Flow	$141M	—	$62M	—	127.2%

Revenue Flow

Item	Amount
REVENUE	$662M
Cost of Revenue	$376M
GROSS PROFIT	$286M
R&D Expenses	$65M
Selling & Marketing	$48M
General & Administrative	$46M
SG&A Expenses	$94M
Other Expenses	$0
Operating Expenses	$159M
Cost & Expenses	$535M
OPERATING INCOME	$127M
Interest Income	$209.0K
Interest Expense	$5M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$120M
Income Tax Expense	$22M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$125M
EBITDA	$136M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$662M
Cost of Revenue	$376M
GROSS PROFIT	$286M
R&D Expenses	$65M
Selling & Marketing	$48M
General & Administrative	$46M
SG&A Expenses	$94M
Other Expenses	$0
Operating Expenses	$159M
Cost & Expenses	$535M
OPERATING INCOME	$127M
Interest Income	$209.0K
Interest Expense	$5M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$120M
Income Tax Expense	$22M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$125M
EBITDA	$136M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$11M
Stock-Based Compensation	$12M
Deferred Income Tax	$20M
Other Non-Cash Items	$4M
Change in Working Capital	$5M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$763.0K
Common Stock Repurchased	-$50M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$52M
FREE CASH FLOW	$141M
Net Change in Cash	$91M

Balance Sheet

Item	Amount
Cash & Equivalents	$295M
Short-Term Investments	$0
Net Receivables	$104M
Inventory	$195M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$619M
PP&E (Net)	$63M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$35M
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$134M
TOTAL ASSETS	$753M
Account Payables	$38M
Short-Term Debt	$0
Deferred Revenue	$60M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$150M
Long-Term Debt	$0
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$64M
TOTAL LIABILITIES	$214M
Common Stock	$33.0K
Additional Paid-In Capital	$560M
Retained Earnings	-$23M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$539M
Minority Interest	$0
TOTAL EQUITY	$539M
TOTAL LIABILITIES & EQUITY	$753M
Total Debt	$47M
Net Debt	-$248M