10-Q Filing

AXCELIS TECHNOLOGIES INC CIK: 1113232 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-055070`
Period End Date	20120630
Filing Date	20120807
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	acls-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 85 Cash Flow Statement 53 Comprehensive Income 12

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.98M	USD	Point-in-time
Inventories, net	`InventoryNet`	$126.65M	USD	Point-in-time
Inventories, net	`InventoryNet`	$120.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$212.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.62M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$35.78M	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$104.00K	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$101.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$11.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.90M	USD	Point-in-time
Total assets	`Assets`	$269.25M	USD	Point-in-time
Total assets	`Assets`	$253.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.64M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.29M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.92M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$2.59M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$3.56M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$4.13M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$210.00K	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$495.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$8.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.79M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.07M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.47M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$1.49M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$761.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.36M	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	`CommonStockValueOutstanding`	$107.00K	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$108.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$502.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$499.33M	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`	$-288.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.94M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$214.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$205.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$269.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$253.02M	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$99.00M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$170.94M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$84.33M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$51.47M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$7.65M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$15.12M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$9.05M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$15.61M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$59.11M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$93.38M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$114.12M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$186.55M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$30.60M	USD	1 Quarter
Product	`CostOfGoodsSold`	$109.78M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$59.88M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$52.91M	USD	1 Quarter
Service	`CostOfServices`	$5.73M	USD	1 Quarter
Service	`CostOfServices`	$10.91M	USD	2 Qtrs
Service	`CostOfServices`	$11.55M	USD	2 Qtrs
Service	`CostOfServices`	$6.34M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$70.80M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$121.33M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$59.24M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$36.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.32M	USD	2 Qtrs
Gross profit	`GrossProfit`	$22.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$65.22M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$22.15M	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`	$10.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$12.81M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.67M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$15.49M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$6.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.29M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$17.47M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.49M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$153.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$3.03M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$52.28M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$56.61M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$23.35M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$27.92M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$8.61M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-562.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$6.22M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-8.96M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-373.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.61M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.16M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$551.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.15M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-355.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.59M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$560.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.02M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.07M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.31M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.19M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$469.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$844.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$977.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.50M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.04M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-471.00K	USD	1 Quarter
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.06	USD	2 Qtrs
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.64M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.02M	shares	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.35M	shares	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.10M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.91M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.35M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.64M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.72M	shares	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.50M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.04M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-471.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.62M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$995.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.01M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.12M	USD	2 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$536.00K	USD	2 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$406.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-571.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.21M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$808.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.44M	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.93M	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.62M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.11M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.99M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-286.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$629.00K	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.23M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.92M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-12.56M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.05M	USD	2 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.23M	USD	2 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$385.00K	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$9.00K	USD	2 Qtrs
(Increase) decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.24M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-382.00K	USD	2 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$194.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$239.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$847.00K	USD	2 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$275.00K	USD	2 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$179.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.03M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$320.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.09M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.16M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-13.08M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-7.89M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.80M	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`	$45.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.80M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.50M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.04M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-471.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.64M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.96M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.41M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.47M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$9.00M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$5.87M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-11.91M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.94M	USD	1 Quarter

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