10-Q Filing

AXCELIS TECHNOLOGIES INC CIK: 1113232 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-036345`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	acls-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 48 Cash Flow Statement 49 Comprehensive Income 8

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$38.12M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$95.53M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$95.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.27M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$184.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$184.17M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.11M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$31.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.15M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$32.01M	USD	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$825.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	120,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	120,000.00	shares	Point-in-time
Long-term restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$825.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$15.81M	USD	Point-in-time
Total assets	`Assets`	$233.55M	USD	Point-in-time
Total assets	`Assets`	$232.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.45M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.69M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.84M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$1.32M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$1.50M	USD	Point-in-time
Warranty	`ProductWarrantyAccrualClassifiedCurrent`	$1.54M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$474.00K	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$417.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.84M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.39M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$762.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$471.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.46M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$14.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$14.53M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$257.00K	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$322.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$57.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.78M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 300,000 shares authorized; 111,269 shares issued and 111,149 shares outstanding at March 31, 2014;110,225 shares issued and 110,105 shares outstanding at December 31, 2013	`CommonStockValueOutstanding`	$111.00K	USD	Point-in-time
Common stock, $0.001 par value, 300,000 shares authorized; 111,269 shares issued and 111,149 shares outstanding at March 31, 2014;110,225 shares issued and 110,105 shares outstanding at December 31, 2013	`CommonStockValueOutstanding`	$110.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$510.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$513.41M	USD	Point-in-time
Treasury stock, at cost, 120 shares at March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$1.22M	USD	Point-in-time
Treasury stock, at cost, 120 shares at March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$1.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-339.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-339.45M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$177.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$232.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$233.55M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$34.45M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$55.02M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$6.27M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$5.83M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$60.84M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$40.73M	USD	1 Quarter
Product	`CostOfGoodsSold`	$22.18M	USD	1 Quarter
Product	`CostOfGoodsSold`	$33.80M	USD	1 Quarter
Services	`CostOfServices`	$5.60M	USD	1 Quarter
Services	`CostOfServices`	$5.30M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$39.10M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$27.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.21M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.26M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.48M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.48M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.59M	USD	1 Quarter
Gain on sale of dry strip assets and intellectual property	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$368.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$1.80M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$200.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.41M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-9.49M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$326.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$251.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$829.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$292.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$43.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$832.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.65M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$369.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$195.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$333.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.99M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$174.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	108.23M	shares	1 Quarter
Basic weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	110.65M	shares	1 Quarter
Diluted weighted average common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.80M	shares	1 Quarter
Diluted weighted average common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.23M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.99M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$174.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.14M	USD	1 Quarter
Gain on sale of dry strip assets and intellectual property	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$368.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$56.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$312.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$839.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.17M	USD	1 Quarter
Provision for excess inventory	`InventoryWriteDown`	$59.00K	USD	1 Quarter
Provision for excess inventory	`InventoryWriteDown`	$2.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.63M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.46M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$52.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.67M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$544.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.25M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.02M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.04M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-614.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-843.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$61.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$84.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$549.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.30M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.96M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.88M	USD	1 Quarter
Proceeds from sale of dry strip assets and intellectual property	`ProceedsFromSaleOfProductiveAssets`	$400.00K	USD	1 Quarter
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.00K	USD	1 Quarter
Expenditures for property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$227.00K	USD	1 Quarter
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.00K	USD	1 Quarter
Net cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$253.00K	USD	1 Quarter
Net cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-227.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$49.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.28M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.28M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$49.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-338.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-968.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.25M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-2.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.29M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.99M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$174.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-677.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.08M	USD	1 Quarter
Amortization of actuarial losses from pension plan	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$8.00K	USD	1 Quarter
Amortization of actuarial losses from pension plan	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$6.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.06M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-497.00K	USD	1 Quarter

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