ASML Q3 2018 Earnings Report — ASML Holding N.V. Revenue & Financial Results | Market Cap Arena

ASML Holding N.V.ASML

Q3 2018 Earnings

Reported September 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$3.2B	—	$2.9B	—	13.4%
Op. Income	$956M	—	$767M	—	24.7%
Gross Margin	48.1%	—	42.9%	—	5.2pp
Net Margin	24.5%	—	22.8%	—	1.7pp
EPS (Diluted)	$1.86	—	$1.51	—	23.3%
Free Cash Flow	$413M	—	$340M	—	21.5%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.6B
R&D Expenses	$463M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$142M
Other Expenses	$0
Operating Expenses	$606M
Cost & Expenses	$2.3B
OPERATING INCOME	$956M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$947M
Income Tax Expense	$152M
Net Income from Continuing Ops	$796M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$796M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$796M
D&A	$129M
EBIT	$956M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.6B
R&D Expenses	$463M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$142M
Other Expenses	$0
Operating Expenses	$606M
Cost & Expenses	$2.3B
OPERATING INCOME	$956M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$947M
Income Tax Expense	$152M
Net Income from Continuing Ops	$796M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$796M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$796M
D&A	$129M
EBIT	$956M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$793M
Depreciation & Amortization	$128M
Stock-Based Compensation	$0
Deferred Income Tax	-$49M
Other Non-Cash Items	$57M
Change in Working Capital	-$370M
OPERATING CASH FLOW	$560M
Capital Expenditure	-$147M
Acquisitions (Net)	$0
Purchases of Investments	-$257M
Sales/Maturities of Investments	$108M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$296M
Net Debt Issuance	-$192.2K
Common Stock Repurchased	-$429M
Common Dividends Paid	$17M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$407M
FREE CASH FLOW	$413M
Net Change in Cash	-$157M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$867M
Net Receivables	$3.4B
Inventory	$4.0B
Other Current Assets	$760M
TOTAL CURRENT ASSETS	$11.5B
PP&E (Net)	$2.0B
Goodwill	$5.3B
Intangible Assets	$1.3B
Long-Term Investments	$1.4B
Tax Assets	$127M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$22.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$3.5B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$423M
Other Non-Current Liabilities	$312M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$9.7B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$13.0B
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$0
TOTAL EQUITY	$13.0B
TOTAL LIABILITIES & EQUITY	$22.7B
Total Debt	$3.5B
Net Debt	$911M