10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000720500-18-000016`
Period End Date	20171231
Filing Date	20180208
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	asys-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 34 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.47M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$866.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$24.64M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.91M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $1,473 and $866 at December 31, 2017, and September 30, 2017, respectively)	`AccountsReceivableNetCurrent`	$24.36M	USD	Point-in-time
Trade (less allowance for doubtful accounts of $1,473 and $866 at December 31, 2017, and September 30, 2017, respectively)	`AccountsReceivableNetCurrent`	$22.52M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled and other	`ReceivablesLongTermContractsOrPrograms`	$14.28M	USD	Point-in-time
Unbilled and other	`ReceivablesLongTermContractsOrPrograms`	$21.62M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	14.88M	shares	Point-in-time
Inventories	`InventoryNet`	$30.21M	USD	Point-in-time
Inventories	`InventoryNet`	$22.76M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	14.71M	shares	Point-in-time
Vendor deposits	`DepositsAssets`	$5.18M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.71M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.88M	shares	Point-in-time
Vendor deposits	`DepositsAssets`	$11.81M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.31M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$157.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$138.85M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$15.64M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$15.79M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$3.50M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$3.38M	USD	Point-in-time
Goodwill - Net	`Goodwill`	$11.40M	USD	Point-in-time
Goodwill - Net	`Goodwill`	$11.48M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$2.59M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$2.62M	USD	Point-in-time
Deferred Income Taxes - Long-Term	`DeferredTaxAssetsNetNoncurrent`	$200.00K	USD	Point-in-time
Deferred Income Taxes - Long-Term	`DeferredTaxAssetsNetNoncurrent`	$200.00K	USD	Point-in-time
Other Assets - Long-Term	`OtherAssetsNoncurrent`	$980.00K	USD	Point-in-time
Other Assets - Long-Term	`OtherAssetsNoncurrent`	$1.00M	USD	Point-in-time
Total Assets	`Assets`	$191.62M	USD	Point-in-time
Total Assets	`Assets`	$173.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.48M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.59M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.42M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.40M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.25M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.06M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$48.78M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$19.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$361.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$365.00K	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$5.63M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$4.08M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$4.08M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$286.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.16M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$8.13M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$8.22M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$7.04M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$6.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$74.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$101.14M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$147.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$149.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$127.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$125.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.99M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-26.70M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-20.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$98.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$90.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$191.62M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$173.11M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$73.61M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$29.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$53.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$20.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.34M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.58M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.99M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.63M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$7.77M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-180.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-143.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-26.00K	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$-48.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-242.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.69M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$90.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-332.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.45M	USD	1 Quarter
Add: net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-279.00K	USD	1 Quarter
Add: net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$6.45M	USD	1 Quarter
Net income (loss) attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-53.00K	USD	1 Quarter
Basic income (loss) per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.78M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.18M	shares	1 Quarter
Diluted income (loss) per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted income (loss) per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.30M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.18M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-332.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$654.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$471.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$41.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$33.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$143.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$190.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-31.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$319.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$253.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-143.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-26.00K	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-1.18M	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$48.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$2.42M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-14.88M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.56M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.62M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$239.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.09M	USD	1 Quarter
Vendor deposits and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-725.00K	USD	1 Quarter
Vendor deposits and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.97M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$78.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.25M	USD	1 Quarter
Customer deposits and accrued liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-29.02M	USD	1 Quarter
Customer deposits and accrued liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$584.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInOtherDeferredLiability`	$1.48M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInOtherDeferredLiability`	$-619.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$263.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.54M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$1.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$160.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$89.00K	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$21.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-138.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$295.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-257.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.57M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.02M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.70M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$51.12M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$51.12M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-332.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.45M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$541.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-941.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.99M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.27M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-375.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-898.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$6.99M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.