10-Q Filing

AXCELIS TECHNOLOGIES INC CIK: 1113232 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-074161`
Period End Date	20120930
Filing Date	20121105
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	acls-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 86 Cash Flow Statement 53 Comprehensive Income 12

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$35.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.98M	USD	Point-in-time
Inventories, net	`InventoryNet`	$123.28M	USD	Point-in-time
Inventories, net	`InventoryNet`	$120.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$212.03M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$35.11M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.20M	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$103.00K	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$104.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.93M	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`	$236.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.68M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.29M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.17M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$3.64M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$2.11M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$3.56M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$495.00K	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$356.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.79M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.64M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.67M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$1.49M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$544.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.69M	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`	$503.73M	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`	$-307.66M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$199.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$214.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$269.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$236.59M	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$64.35M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$136.10M	USD	3 Qtrs
Product	`SalesRevenueGoodsNet`	$37.09M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$235.29M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$8.11M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$7.55M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$23.72M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$22.66M	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$72.45M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$44.64M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$158.76M	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$259.00M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$84.69M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$149.83M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$24.81M	USD	1 Quarter
Product	`CostOfGoodsSold`	$40.05M	USD	1 Quarter
Service	`CostOfServices`	$5.46M	USD	1 Quarter
Service	`CostOfServices`	$16.38M	USD	3 Qtrs
Service	`CostOfServices`	$17.06M	USD	3 Qtrs
Service	`CostOfServices`	$5.50M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$166.89M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$45.56M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$30.27M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$101.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$14.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.69M	USD	3 Qtrs
Gross profit	`GrossProfit`	$92.11M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$11.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.85M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.00M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$35.04M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.47M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$18.28M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.24M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.73M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$25.93M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.61M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.33M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$578.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$3.61M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$22.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$74.51M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$83.70M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$27.08M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-16.82M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$8.42M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-7.86M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-189.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$27.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$24.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-45.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-627.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-999.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$1.56M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.57M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-21.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-972.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-618.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.79M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.47M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.40M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.38M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.21M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$230.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.43M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$243.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.19M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.22M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.72M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.15M	USD	1 Quarter
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	3 Qtrs
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.07	USD	3 Qtrs
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.86M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.52M	shares	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.15M	shares	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	106.42M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.86M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.19M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.45M	shares	3 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.52M	shares	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.19M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.22M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.72M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.42M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$998.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$75.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.64M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.41M	USD	3 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$-1.10M	USD	1 Quarter
Provision for excess inventory	`InventoryWriteDown`	$661.00K	USD	3 Qtrs
Provision for excess inventory	`InventoryWriteDown`	$678.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.99M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.14M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.38M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.50M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.49M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.91M	USD	3 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.60M	USD	3 Qtrs
Accounts payable & other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.24M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.34M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.09M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-135.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$798.00K	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.64M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.02M	USD	3 Qtrs
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.37M	USD	3 Qtrs
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$852.00K	USD	3 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$536.00K	USD	3 Qtrs
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.95M	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-535.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.95M	USD	3 Qtrs
Financing fees and other expenses	`PaymentsOfFinancingFeesAndOtherExpenses`	$199.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$272.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$863.00K	USD	3 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$275.00K	USD	3 Qtrs
Proceeds from Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$179.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.04M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$348.00K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-580.00K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-791.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.33M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-11.66M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	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`	$45.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.88M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.19M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.22M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.72M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.15M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.03M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-308.00K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$6.16M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-19.52M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.85M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.61M	USD	1 Quarter

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