Cash flow Axcelis Technologies, Inc.

Equities

ACLS

US0545402085

Semiconductor Equipment & Testing

Real-time Estimate Cboe BZX Other stock markets 12:22:28 2026-01-12 pm EST			5-day change	1st Jan Change
95.60 ^USD	+2.69%		+7.75%	+19.42%

Nov. 06	Tranche Update on Axcelis Technologies, Inc.'s Equity Buyback Plan announced on March 1, 2022.	CI
Nov. 05	B. Riley Adjusts Axcelis Technologies Price Target to $84 From $85, Maintains Neutral Rating	MT

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Published financial data: AXCELIS TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	475M	662M	920M	1.13B	1.02B
Total Revenues	475M	662M	920M	1.13B	1.02B
Cost of Goods Sold, Total	276M	376M	518M	639M	563M
Gross Profit	199M	286M	402M	491M	455M
Selling General & Admin Expenses, Total	79.2M	94.12M	111M	129M	139M
R&D Expenses	61.34M	65M	78.03M	96.32M	105M
Other Operating Expenses, Total	141M	159M	189M	226M	244M
Operating Income	58.04M	127M	212M	266M	211M
Interest Expense, Total	-5.21M	-4.84M	-5.58M	-5.35M	-5.46M
Interest And Investment Income	738K	209K	4.55M	18.2M	24.4M
Net Interest Expenses	-4.47M	-4.63M	-1.02M	12.85M	18.94M
Currency Exchange Gains (Loss)	1.4M	-2.5M	-6.4M	-	0
Other Non Operating Income (Expenses)	918K	229K	-51K	-48K	539K
EBT, Excl. Unusual Items	55.89M	120M	205M	279M	230M
Restructuring Charges	-	-	-	-	-
EBT, Incl. Unusual Items	55.89M	120M	205M	279M	230M
Income Tax Expense	5.9M	21.78M	21.81M	32.34M	29.28M
Earnings From Continuing Operations	49.98M	98.65M	183M	246M	201M
Net Income to Company	49.98M	98.65M	183M	246M	201M
Net Income - (IS)	49.98M	98.65M	183M	246M	201M
Net Income to Common Incl Extra Items	49.98M	98.65M	183M	246M	201M
Net Income to Common Excl. Extra Items	49.98M	98.65M	183M	246M	201M
Per Share Items
Net EPS - Basic	1.5	2.94	5.54	7.52	6.17
Basic EPS - Continuing Operations	1.5	2.94	5.54	7.52	6.17
Basic Weighted Average Shares Outstanding	33.26M	33.56M	33.04M	32.76M	32.55M
Net EPS - Diluted	1.46	2.88	5.46	7.43	6.15
Diluted EPS - Continuing Operations	1.46	2.88	5.46	7.43	6.15
Diluted Weighted Average Shares Outstanding	34.13M	34.27M	33.54M	33.16M	32.7M
Normalized Basic EPS	1.05	2.24	3.88	5.32	4.42
Normalized Diluted EPS	1.02	2.2	3.82	5.25	4.4
Supplemental Items
EBITDA	62.78M	133M	219M	273M	220M
EBITA	58.04M	127M	212M	266M	211M
EBIT	58.04M	127M	212M	266M	211M
EBITDAR	69.14M	141M	227M	286M	232M
Total Revenues (As Reported)	475M	662M	920M	1.13B	1.02B
Effective Tax Rate - (Ratio)	10.56	18.08	10.64	11.61	12.72
Current Domestic Taxes	157K	82K	10.15M	48.86M	40.99M
Current Foreign Taxes	1.06M	1.44M	3.12M	3.5M	3.89M
Total Current Taxes	1.22M	1.52M	13.27M	52.35M	44.88M
Deferred Domestic Taxes	4.89M	20.93M	9M	-18.97M	-13.55M
Deferred Foreign Taxes	-204K	-670K	-459K	-1.05M	-2.04M
Total Deferred Taxes	4.68M	20.26M	8.54M	-20.02M	-15.59M
Normalized Net Income	34.93M	75.27M	128M	174M	144M
Interest on Long-Term Debt	5.21M	5.09M	4.99M	4.87M	4.73M
Supplemental Operating Expense Items
Selling and Marketing Expenses	37.36M	45.94M	52.07M	61.13M	66.23M
General and Administrative Expenses	39.09M	45.14M	56.41M	64.68M	69.33M
Research And Development Expense From Footnotes	61.83M	65.43M	78.36M	96.91M	105M
Net Rental Expense, Total	6.36M	7.91M	8.34M	12.77M	12.43M
Imputed Operating Lease Interest Expense	4.96M	5.61M	6.46M	8.12M	7.27M
Imputed Operating Lease Depreciation	1.4M	2.3M	1.88M	4.65M	5.16M
Stock-Based Comp., Other (Total)	10.48M	12.07M	13.44M	18.27M	20.95M
Total Stock-Based Compensation	10.48M	12.07M	13.44M	18.27M	20.95M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	203M	295M	186M	167M	124M
Short Term Investments	-	-	247M	339M	448M
Total Cash And Short Term Investments	203M	295M	432M	506M	571M
Accounts Receivable, Total	86.86M	104M	170M	218M	203M
Total Receivables	86.86M	104M	170M	218M	203M
Inventory	161M	195M	242M	306M	282M
Prepaid Expenses	19.37M	24.93M	33.3M	49.4M	60.47M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	-	-	-	-	6.42M
Total Current Assets	471M	619M	878M	1.08B	1.12B
Gross Property Plant And Equipment	122M	134M	139M	174M	177M
Accumulated Depreciation	-66.91M	-70.67M	-69.15M	-72.83M	-78.51M
Net Property Plant And Equipment	54.93M	63.45M	69.75M	101M	98.75M
Deferred Tax Assets Long-Term	57.85M	35.45M	31.7M	53.43M	68.28M
Deferred Charges Long-Term	38.46M	32M	30.24M	36.92M	45.17M
Other Long-Term Assets, Total	2.59M	3.08M	4.3M	10.31M	12.97M
Total Assets	625M	753M	1.01B	1.28B	1.35B
Liabilities
Accounts Payable, Total	24.01M	38.02M	62.35M	54.4M	46.93M
Accrued Expenses, Total	24.56M	30.73M	35.54M	31.44M	25.54M
Current Portion of Leases	3.33M	5.7M	6.6M	6.49M	5.82M
Current Income Taxes Payable	654K	887K	4.3M	6.16M	-
Unearned Revenue Current, Total	21.22M	60.45M	123M	165M	94.67M
Other Current Liabilities	10.65M	14.35M	15.88M	21.95M	34.57M
Total Current Liabilities	84.43M	150M	248M	285M	208M
Long-Term Leases	49.34M	50.77M	52.12M	69.4M	67.65M
Unearned Revenue Non Current	1.84M	7.98M	31.31M	46.21M	43.5M
Other Non Current Liabilities	7.41M	5.39M	14.83M	16.35M	17.32M
Total Liabilities	143M	214M	346M	417M	336M
Common Stock, Total	34K	33K	33K	33K	32K
Additional Paid In Capital	570M	560M	550M	547M	549M
Retained Earnings	-91.97M	-22.72M	119M	320M	470M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	3.44M	1.76M	-1.97M	-1.85M	-6.21M
Total Common Equity	482M	539M	667M	865M	1.01B
Total Equity	482M	539M	667M	865M	1.01B
Total Liabilities And Equity	625M	753M	1.01B	1.28B	1.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	33.73M	33.25M	32.71M	32.63M	32.15M
ECS Total Common Shares Outstanding	33.63M	33.24M	32.78M	32.68M	32.36M
Book Value / Share	14.32	16.21	20.36	26.46	31.29
Tangible Book Value	482M	539M	667M	865M	1.01B
Tangible Book Value Per Share	14.32	16.21	20.36	26.46	31.29
Total Debt	52.67M	56.47M	58.71M	75.89M	73.46M
Net Debt	-151M	-238M	-373M	-430M	-498M
Debt Equivalent Oper. Leases	50.87M	63.27M	66.72M	102M	99.42M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	100M	134M	187M	231M	227M
Inventories - Work In Process, Total	33.87M	43.16M	35.07M	45.37M	34.49M
Inventories - Finished Goods, Total	26.96M	18.04M	20.02M	29.91M	20.59M
Land - (BS)	10.89M	15.88M	18M	21.8M	25.81M
Machinery, Total	30.77M	34.31M	34.73M	41.55M	45.48M
Full Time Employees	1K	1.12K	1.39K	1.62K	1.52K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	460K	-
Order Backlog	116M	461M	1.12B	1.21B	646M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	49.98M	98.65M	183M	246M	201M
Depreciation & Amortization - CF	4.74M	5.52M	6.41M	7.47M	9.01M
Depreciation & Amortization, Total	4.74M	5.52M	6.41M	7.47M	9.01M
Amortization of Deferred Charges, Total - (CF)	5.2M	5.3M	5.2M	5.6M	6.8M
(Gain) Loss From Sale Of Asset	-168K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-12.44M
Stock-Based Compensation (CF)	10.48M	12.07M	13.44M	18.27M	20.95M
Provision and Write-off of Bad Debts	-	-	-	1.13M	2.99M
Other Operating Activities, Total	8.38M	24.01M	19.09M	-24.63M	-2.08M
Change In Accounts Receivable	-1.39M	-18.15M	-67.27M	-50.76M	6.91M
Change In Inventories	-17.65M	-39.02M	-58.43M	-69.96M	5.92M
Change In Accounts Payable	18.06M	22.05M	31.39M	-8.1M	-413K
Change in Unearned Revenues	-6.22M	45.38M	86.37M	56.18M	-71.1M
Change In Income Taxes	332K	253K	3.49M	3.79M	-9.03M
Change in Other Net Operating Assets	-2.05M	-5.87M	-7.16M	-28.38M	-17.68M
Cash from Operations	69.7M	150M	216M	157M	141M
Capital Expenditure	-7.43M	-8.72M	-10.68M	-20.66M	-12.18M
Sale of Property, Plant, and Equipment	168K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-247M	-80.2M	-96.54M
Cash from Investing	-7.27M	-8.72M	-257M	-101M	-109M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-399K	-763K	-987K	-1.24M	-1.52M
Total Debt Repaid	-399K	-763K	-987K	-1.24M	-1.52M
Issuance of Common Stock	9.43M	4.87M	2.91M	2.08M	2.38M
Repurchase of Common Stock	-7.5M	-49.99M	-57.5M	-52.5M	-60.49M
Other Financing Activities, Total	-3.92M	-6.56M	-9.91M	-16.61M	-11.56M
Cash from Financing	-2.39M	-52.45M	-65.48M	-68.27M	-71.19M
Foreign Exchange Rate Adjustments	-2.35M	2.43M	-2.21M	-139K	-3.79M
Net Change in Cash	57.7M	91.45M	-109M	-12.4M	-42.89M
Supplemental Items
Cash Interest Paid	5.16M	5.09M	4.99M	4.87M	4.73M
Cash Income Tax Paid (Refund)	876K	1.5M	10.76M	54.22M	61.13M
Levered Free Cash Flow	30.48M	97.06M	120M	82.2M	97.56M
Unlevered Free Cash Flow	33.73M	100M	123M	85.54M	101M
Change In Net Working Capital	15.53M	-6.33M	24.06M	91.26M	55.36M
Net Debt Issued / Repaid	-399K	-763K	-987K	-1.24M	-1.52M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.19	11.55	15.02	14.47	10.02
Return on Total Capital	7.2	14.09	20.09	19.93	13
Return On Equity %	11.09	19.33	30.36	32.15	21.41
Return on Common Equity	11.09	19.33	30.36	32.15	21.41
Margin Analysis
Gross Profit Margin %	41.85	43.24	43.67	43.45	44.67
SG&A Margin	16.69	14.21	12.11	11.43	13.65
EBITDA Margin %	13.23	20.05	23.78	24.17	21.59
EBITA Margin %	12.23	19.22	23.08	23.51	20.71
EBIT Margin %	12.23	19.22	23.08	23.51	20.71
Income From Continuing Operations Margin %	10.53	14.89	19.9	21.78	19.75
Net Income Margin %	10.53	14.89	19.9	21.78	19.75
Net Avail. For Common Margin %	10.53	14.89	19.9	21.78	19.75
Normalized Net Income Margin	7.36	11.36	13.92	15.4	14.14
Levered Free Cash Flow Margin	6.42	14.65	12.99	7.27	9.58
Unlevered Free Cash Flow Margin	7.11	15.11	13.37	7.57	9.92
Asset Turnover
Asset Turnover	0.81	0.96	1.04	0.99	0.77
Fixed Assets Turnover	8.79	11.19	13.81	13.22	10.18
Receivables Turnover (Average Receivables)	5.56	6.93	6.71	5.83	4.83
Inventory Turnover (Average Inventory)	1.83	2.11	2.37	2.33	1.91
Short Term Liquidity
Current Ratio	5.58	4.12	3.54	3.79	5.41
Quick Ratio	3.44	2.66	2.43	2.54	3.73
Operating Cash Flow to Current Liabilities	0.83	1	0.87	0.55	0.68
Days Sales Outstanding (Average Receivables)	65.79	52.7	54.39	62.59	75.71
Days Outstanding Inventory (Average Inventory)	199.89	172.83	154.04	156.69	191.28
Average Days Payable Outstanding	30.44	27.62	32.38	30.29	34.41
Cash Conversion Cycle (Average Days)	235.24	197.9	176.04	188.99	232.59
Long Term Solvency
Total Debt/Equity	10.94	10.48	8.8	8.77	7.25
Total Debt / Total Capital	9.86	9.48	8.09	8.07	6.76
LT Debt/Equity	10.25	9.42	7.81	8.02	6.68
Long-Term Debt / Total Capital	9.24	8.53	7.18	7.38	6.23
Total Liabilities / Total Assets	22.9	28.45	34.17	32.53	24.91
EBIT / Interest Expense	11.14	26.33	38.08	49.71	38.59
EBITDA / Interest Expense	13.27	29.11	40.73	53.49	42.52
(EBITDA - Capex) / Interest Expense	11.84	27.31	38.81	49.63	40.29
Total Debt / EBITDA	0.76	0.4	0.26	0.27	0.32
Net Debt / EBITDA	-2.18	-1.69	-1.64	-1.5	-2.14
Total Debt / (EBITDA - Capex)	0.85	0.43	0.27	0.29	0.33
Net Debt / (EBITDA - Capex)	-2.44	-1.81	-1.73	-1.62	-2.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	38.37	39.59	38.88	22.89	-9.97
Gross Profit, 1 Yr. Growth %	37.76	44.24	40.27	22.28	-7.46
EBITDA, 1 Yr. Growth %	122.74	111.6	64.68	24.91	-19.56
EBITA, 1 Yr. Growth %	139.79	119.37	66.79	25.16	-20.69
EBIT, 1 Yr. Growth %	139.79	119.37	66.79	25.16	-20.69
Earnings From Cont. Operations, 1 Yr. Growth %	193.42	97.37	85.58	34.51	-18.38
Net Income, 1 Yr. Growth %	193.42	97.37	85.58	34.51	-18.38
Normalized Net Income, 1 Yr. Growth %	167.12	115.49	70.13	35.98	-17.35
Diluted EPS Before Extra, 1 Yr. Growth %	192	97.26	89.58	36.08	-17.23
Accounts Receivable, 1 Yr. Growth %	3.72	20.2	62.6	28.39	-6.8
Inventory, 1 Yr. Growth %	14.76	21.05	24.32	26.43	-7.91
Net Property, Plant and Equip., 1 Yr. Growth %	3.52	15.52	9.93	45.26	-2.53
Total Assets, 1 Yr. Growth %	13.96	20.59	34.57	26.47	5.21
Tangible Book Value, 1 Yr. Growth %	14.82	11.91	23.8	29.62	17.1
Common Equity, 1 Yr. Growth %	14.82	11.91	23.8	29.62	17.1
Cash From Operations, 1 Yr. Growth %	-612.75	115.47	43.56	-27.24	-10.23
Capital Expenditures, 1 Yr. Growth %	-37.89	17.27	22.54	93.35	-41.03
Levered Free Cash Flow, 1 Yr. Growth %	-245.78	218.47	23.17	-31.24	18.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-290.75	196.68	22.93	-30.47	18.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.55	38.98	39.23	30.64	5.18
Gross Profit, 2 Yr. CAGR %	5.14	40.96	42.24	30.96	6.38
EBITDA, 2 Yr. CAGR %	-0.28	117.1	86.67	43.42	0.24
EBITA, 2 Yr. CAGR %	-1.61	129.35	91.28	44.48	-0.37
EBIT, 2 Yr. CAGR %	-1.61	129.35	91.28	44.48	-0.37
Earnings From Cont. Operations, 2 Yr. CAGR %	4.37	140.65	91.39	58	4.78
Net Income, 2 Yr. CAGR %	4.37	140.65	91.39	58	4.78
Normalized Net Income, 2 Yr. CAGR %	1.07	139.92	91.47	52.1	6.02
Diluted EPS Before Extra, 2 Yr. CAGR %	3.99	140	93.38	60.62	6.13
Accounts Receivable, 2 Yr. CAGR %	5.04	11.65	39.8	44.48	9.39
Inventory, 2 Yr. CAGR %	11.74	17.86	22.68	25.37	7.9
Net Property, Plant and Equip., 2 Yr. CAGR %	15.53	9.36	12.69	26.36	18.98
Total Assets, 2 Yr. CAGR %	6.72	17.23	27.39	30.46	15.35
Tangible Book Value, 2 Yr. CAGR %	8.6	13.36	17.71	26.68	23.2
Common Equity, 2 Yr. CAGR %	8.6	13.36	17.71	26.68	23.2
Cash From Operations, 2 Yr. CAGR %	21.83	232.39	75.88	2.2	-19.18
Capital Expenditures, 2 Yr. CAGR %	25.57	-14.65	19.88	53.93	6.78
Levered Free Cash Flow, 2 Yr. CAGR %	-8.53	115.46	98.06	-7.97	-9.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.72	137.89	90.98	-7.55	-9.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.95	14.39	38.95	33.56	15.39
Gross Profit, 3 Yr. CAGR %	9.74	16.83	40.73	35.25	16.65
EBITDA, 3 Yr. CAGR %	7.85	28.14	98	63.28	18.28
EBITA, 3 Yr. CAGR %	6.65	28.53	106.25	66.06	18.3
EBIT, 3 Yr. CAGR %	6.65	28.53	106.25	66.06	18.3
Earnings From Cont. Operations, 3 Yr. CAGR %	-26.71	29.07	120.69	70.16	26.77
Net Income, 3 Yr. CAGR %	-26.71	29.07	120.69	70.16	26.77
Normalized Net Income, 3 Yr. CAGR %	8.44	30.09	113.95	70.83	24.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-27.3	28.73	121.86	72.01	28.77
Accounts Receivable, 3 Yr. CAGR %	4.88	9.87	26.56	35.89	24.84
Inventory, 3 Yr. CAGR %	10.14	14.76	19.98	23.92	13.12
Net Property, Plant and Equip., 3 Yr. CAGR %	14.94	15.53	9.55	22.64	15.89
Total Assets, 3 Yr. CAGR %	8.56	11.16	22.75	27.08	21.43
Tangible Book Value, 3 Yr. CAGR %	10.85	9.69	16.74	21.55	23.4
Common Equity, 3 Yr. CAGR %	10.85	9.69	16.74	21.55	23.4
Cash From Operations, 3 Yr. CAGR %	7.39	47.33	151.25	31.05	-2.12
Capital Expenditures, 3 Yr. CAGR %	0.68	22.74	-3.72	40.59	11.79
Levered Free Cash Flow, 3 Yr. CAGR %	6.52	38.64	78.82	39.2	0.17
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.88	36.19	90.9	36.37	0.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.5	19.93	17.51	20.63	24.31
Gross Profit, 5 Yr. CAGR %	14.32	23.53	21.74	22.29	25.83
EBITDA, 5 Yr. CAGR %	19.65	47.91	34.32	34.05	50.8
EBITA, 5 Yr. CAGR %	22.86	49.75	34.73	34.69	54.17
EBIT, 5 Yr. CAGR %	22.86	49.75	34.73	34.69	54.17
Earnings From Cont. Operations, 5 Yr. CAGR %	27.77	55.07	7.6	39.94	63.82
Net Income, 5 Yr. CAGR %	27.77	55.07	7.6	39.94	63.82
Normalized Net Income, 5 Yr. CAGR %	29.71	60.5	36.13	38.48	61.56
Diluted EPS Before Extra, 5 Yr. CAGR %	24.4	51.57	7.52	40.65	65.19
Accounts Receivable, 5 Yr. CAGR %	18.7	15.6	17.66	22.59	19.39
Inventory, 5 Yr. CAGR %	8.04	11.36	15	18.89	14.99
Net Property, Plant and Equip., 5 Yr. CAGR %	12.83	15.52	14.04	19.75	13.23
Total Assets, 5 Yr. CAGR %	17.26	20.04	15.73	18.51	19.73
Tangible Book Value, 5 Yr. CAGR %	21.25	21.75	13.54	16.2	19.28
Common Equity, 5 Yr. CAGR %	21.25	21.75	13.54	16.2	19.28
Cash From Operations, 5 Yr. CAGR %	30.71	76.42	30.81	27.28	59.61
Capital Expenditures, 5 Yr. CAGR %	32.36	28.32	7.96	34.37	0.35
Levered Free Cash Flow, 5 Yr. CAGR %	1.29	141.52	36.51	17.68	36.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.26	118.93	34.06	16.64	41.68