ASML Q1 2017 Earnings Report — ASML Holding N.V. Revenue & Financial Results | Market Cap Arena

ASML Holding N.V.ASML

Q1 2017 Earnings

Reported March 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.6B	—	45.8%
Op. Income	$625M	—	$267M	—	134.6%
Gross Margin	47.6%	—	42.6%	—	5.0pp
Net Margin	23.3%	—	14.9%	—	8.4pp
EPS (Diluted)	$1.22	—	$0.54	—	126.1%
Free Cash Flow	-$240M	—	-$76M	—	-217.2%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$368M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$115M
Other Expenses	-$28M
Operating Expenses	$456M
Cost & Expenses	$1.6B
OPERATING INCOME	$625M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$609M
Income Tax Expense	$80M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$129M
EBIT	$597M
EBITDA	$726M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$368M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$115M
Other Expenses	-$28M
Operating Expenses	$456M
Cost & Expenses	$1.6B
OPERATING INCOME	$625M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$609M
Income Tax Expense	$80M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$129M
EBIT	$597M
EBITDA	$726M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$526M
Depreciation & Amortization	$128M
Stock-Based Compensation	$0
Deferred Income Tax	$19M
Other Non-Cash Items	$48M
Change in Working Capital	-$916M
OPERATING CASH FLOW	-$195M
Capital Expenditure	-$45M
Acquisitions (Net)	$0
Purchases of Investments	-$122M
Sales/Maturities of Investments	$347M
Other Investing Activities	$0
NET CASH FROM INVESTING	$174M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	-$240M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$1.1B
Net Receivables	$1.6B
Inventory	$3.5B
Other Current Assets	$688M
TOTAL CURRENT ASSETS	$10.2B
PP&E (Net)	$1.9B
Goodwill	$5.6B
Intangible Assets	$1.5B
Long-Term Investments	$249M
Tax Assets	$40M
Other Non-Current Assets	$725M
TOTAL NON-CURRENT ASSETS	$10.0B
TOTAL ASSETS	$20.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$3.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$479M
Other Non-Current Liabilities	$882M
TOTAL NON-CURRENT LIABILITIES	$4.9B
TOTAL LIABILITIES	$8.3B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$12.0B
TOTAL STOCKHOLDERS' EQUITY	$12.0B
Minority Interest	$0
TOTAL EQUITY	$12.0B
TOTAL LIABILITIES & EQUITY	$20.2B
Total Debt	$3.5B
Net Debt	$151M