10-Q Filing

AXCELIS TECHNOLOGIES INC CIK: 1113232 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-044192`
Period End Date	20110630
Filing Date	20110805
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	acls-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 88 Cash Flow Statement 53

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$124.27M	USD	Point-in-time
Inventories, net	`InventoryNet`	$109.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.63M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$38.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$38.11M	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$116.00K	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$107.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.91M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$280.87M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$287.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.71M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.60M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.40M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$2.56M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.13M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$650.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.93M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$13.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.52M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.53M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.42M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.37M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.76M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.32M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$106.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$106.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$493.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$496.58M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.22M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-293.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-287.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.23M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.20M	USD	Point-in-time
Total Stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$217.19M	USD	Point-in-time
Total Stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$205.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$287.41M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$280.87M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$84.33M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$90.97M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$50.69M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$170.94M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$7.51M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$9.05M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$15.73M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$15.61M	USD	2 Qtrs
Total Revenue	`SalesRevenueNet`	$58.20M	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$93.38M	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$186.55M	USD	2 Qtrs
Total Revenue	`SalesRevenueNet`	$106.70M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$64.01M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$33.69M	USD	1 Quarter
Product	`CostOfGoodsSold`	$109.78M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$52.91M	USD	1 Quarter
Service	`CostOfServices`	$6.34M	USD	1 Quarter
Service	`CostOfServices`	$4.64M	USD	1 Quarter
Service	`CostOfServices`	$9.82M	USD	2 Qtrs
Service	`CostOfServices`	$11.55M	USD	2 Qtrs
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$38.34M	USD	1 Quarter
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$121.33M	USD	2 Qtrs
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$73.83M	USD	2 Qtrs
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$59.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$65.22M	USD	2 Qtrs
Gross profit	`GrossProfit`	$19.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.88M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$23.65M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$11.83M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.61M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$15.49M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$6.61M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$13.21M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.16M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.47M	USD	2 Qtrs
Total Operating expenses	`OperatingExpenses`	$27.92M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$23.55M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$46.98M	USD	2 Qtrs
Total Operating expenses	`OperatingExpenses`	$56.61M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-3.68M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-14.11M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$8.61M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$6.22M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$54.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.16M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$342.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.61M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-65.00K	USD	2 Qtrs
Total Other income (expense)	`NonoperatingIncomeExpense`	$-1.15M	USD	1 Quarter
Total Other income (expense)	`NonoperatingIncomeExpense`	$-1.59M	USD	2 Qtrs
Total Other income (expense)	`NonoperatingIncomeExpense`	$-11.00K	USD	2 Qtrs
Total Other income (expense)	`NonoperatingIncomeExpense`	$367.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.31M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.12M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.07M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.02M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$977.00K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$844.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.51M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.22M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.04M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-15.63M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.53M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.10M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.02M	shares	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	104.17M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	104.14M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.72M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.17M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.14M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.91M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$4.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.04M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-15.63M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.71M	USD	2 Qtrs
Taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.12M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.57M	USD	2 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$1.33M	USD	2 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$536.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.01M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-571.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-13.84M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.44M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.05M	USD	2 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.50M	USD	2 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.62M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.99M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.37M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-110.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$629.00K	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.67M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.92M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.05M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.19M	USD	2 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.23M	USD	2 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$480.00K	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.12M	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$9.00K	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24M	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.64M	USD	2 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$194.00K	USD	2 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$514.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$55.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$239.00K	USD	2 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$275.00K	USD	2 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$206.00K	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-253.00K	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$320.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.09M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.71M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.87M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.89M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time

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