10-Q Filing

AXCELIS TECHNOLOGIES INC CIK: 1113232 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-061003`
Period End Date	20110930
Filing Date	20111104
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	acls-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 88 Cash Flow Statement 52

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`	$44.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$39.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$109.65M	USD	Point-in-time
Inventories, net	`InventoryNet`	$121.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$215.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$38.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.90M	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$107.00K	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`	$19.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$280.87M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$272.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.60M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$13.19M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$3.64M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$2.56M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$777.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$9.86M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$13.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.46M	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`	$49.62M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.09M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$2.42M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.76M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.19M	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`	$107.00K	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`	$498.01M	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`	$-286.33M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.23M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.20M	USD	Point-in-time
Total Stockholders' equity	`StockholdersEquity`	$215.77M	USD	Point-in-time
Total Stockholders' equity	`StockholdersEquity`	$205.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$272.67M	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`	$64.35M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$66.16M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$235.29M	USD	3 Qtrs
Product	`SalesRevenueGoodsNet`	$157.13M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$8.11M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$24.68M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$23.72M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$8.94M	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$72.45M	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$75.11M	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$259.00M	USD	3 Qtrs
Total Revenue	`SalesRevenueNet`	$181.81M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$47.85M	USD	1 Quarter
Product	`CostOfGoodsSold`	$149.83M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$40.05M	USD	1 Quarter
Product	`CostOfGoodsSold`	$111.86M	USD	3 Qtrs
Service	`CostOfServices`	$5.50M	USD	1 Quarter
Service	`CostOfServices`	$15.61M	USD	3 Qtrs
Service	`CostOfServices`	$5.79M	USD	1 Quarter
Service	`CostOfServices`	$17.06M	USD	3 Qtrs
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$45.56M	USD	1 Quarter
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$166.89M	USD	3 Qtrs
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$53.64M	USD	1 Quarter
Total Cost of revenue	`CostOfGoodsAndServicesSold`	$127.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$26.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.11M	USD	3 Qtrs
Gross profit	`GrossProfit`	$54.34M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$35.04M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$11.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.48M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.15M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.73M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$20.36M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.93M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.05M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.46M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$24.91M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$71.89M	USD	3 Qtrs
Total Operating expenses	`OperatingExpenses`	$27.08M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$83.70M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-17.55M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-189.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-3.44M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$8.42M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$24.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$69.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-45.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.06M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.56M	USD	1 Quarter
Total Other income (expense)	`NonoperatingIncomeExpense`	$-21.00K	USD	3 Qtrs
Total Other income (expense)	`NonoperatingIncomeExpense`	$-1.98M	USD	1 Quarter
Total Other income (expense)	`NonoperatingIncomeExpense`	$-1.99M	USD	3 Qtrs
Total Other income (expense)	`NonoperatingIncomeExpense`	$1.57M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.38M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.54M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.42M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.40M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.36M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.21M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$230.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$854.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.15M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-21.90M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.27M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.19M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.42M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.15M	shares	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	104.31M	shares	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	104.63M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.19M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.63M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.45M	shares	3 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.31M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.15M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-21.90M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.27M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.19M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.37M	USD	3 Qtrs
Taxes	`DeferredIncomeTaxExpenseBenefit`	$75.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.64M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.95M	USD	3 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$1.73M	USD	3 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$661.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.89M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.99M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-9.28M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.38M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.75M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.91M	USD	3 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.24M	USD	3 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.39M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.85M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.34M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$201.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$798.00K	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.36M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.64M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$852.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.59M	USD	3 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$761.00K	USD	3 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.95M	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.42M	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.95M	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$2.66M	USD	3 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$199.00K	USD	3 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$523.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$272.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$104.00K	USD	3 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$206.00K	USD	3 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$275.00K	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$348.00K	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-213.00K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-580.00K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$57.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$4.10M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.33M	USD	3 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`	$44.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	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`	$44.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time

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