ASML Q4 2018 Earnings Report — ASML Holding N.V. Revenue & Financial Results | Market Cap Arena

ASML Holding N.V.ASML

Q4 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$3.7B	$3.2B	—	13.2%	—
Op. Income	$954M	$956M	—	-0.2%	—
Gross Margin	44.3%	48.1%	—	-3.8pp	—
Net Margin	25.1%	24.5%	—	0.6pp	—
EPS (Diluted)	$2.17	$1.86	—	17.0%	—
Free Cash Flow	$1.7B	$413M	—	321.4%	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.6B
R&D Expenses	$517M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$157M
Other Expenses	$0
Operating Expenses	$675M
Cost & Expenses	$2.7B
OPERATING INCOME	$954M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$968M
Income Tax Expense	$47M
Net Income from Continuing Ops	$921M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$921M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$921M
D&A	$129M
EBIT	$954M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.6B
R&D Expenses	$517M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$157M
Other Expenses	$0
Operating Expenses	$675M
Cost & Expenses	$2.7B
OPERATING INCOME	$954M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$968M
Income Tax Expense	$47M
Net Income from Continuing Ops	$921M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$921M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$921M
D&A	$129M
EBIT	$954M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$920M
Depreciation & Amortization	$129M
Stock-Based Compensation	$0
Deferred Income Tax	-$287M
Other Non-Cash Items	$199M
Change in Working Capital	$1.0B
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$228M
Acquisitions (Net)	$0
Purchases of Investments	-$611M
Sales/Maturities of Investments	$413M
Other Investing Activities	-$147.1K
NET CASH FROM INVESTING	-$444M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$428M
Common Dividends Paid	$3M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$420M
FREE CASH FLOW	$1.7B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$1.1B
Net Receivables	$2.7B
Inventory	$4.0B
Other Current Assets	$904M
TOTAL CURRENT ASSETS	$12.3B
PP&E (Net)	$2.0B
Goodwill	$5.3B
Intangible Assets	$1.3B
Long-Term Investments	$1.4B
Tax Assets	$277M
Other Non-Current Assets	$943M
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$23.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$3.5B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$294M
Other Non-Current Liabilities	$236M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$9.9B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$13.6B
TOTAL STOCKHOLDERS' EQUITY	$13.6B
Minority Interest	$0
TOTAL EQUITY	$13.6B
TOTAL LIABILITIES & EQUITY	$23.6B
Total Debt	$3.5B
Net Debt	-$111M