Axcelis technologies inc (ACLS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

11,221

9,712

704

556

6,062

8,463

8,838

14,669

13,915

91,680

11,841

13,932

9,506

3,965

2,151

2,937

1,948

826

6,101

5,883

1,868

164

-4,704

-6,900

174

614

-4,750

-4,020

-8,988

-14,818

-8,717

-471

-10,028

-2,113

1,151

4,227

1,812

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

2,363

2,297

1,983

1,985

1,615

1,564

1,432

1,328

1,448

1,250

1,320

1,255

1,177

1,065

1,132

1,143

918

1,261

1,310

1,156

1,142

1,148

1,142

1,159

1,140

1,127

1,229

1,325

1,394

1,458

1,794

1,729

1,896

2,317

2,171

2,127

1,882

Gain on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

799

368

-

-

-

-

-

-

-

-

Deferred income taxes

899

2,486

-523

759

582

4,442

623

3,693

2,451

-80,009

834

-2,888

-22

54

-15

530

-50

695

-13

-37

134

832

100

22

312

-1,737

220

-4

56

-172

3

617

378

510

59

-17

33

Stock-based compensation expense

1,724

2,033

2,151

2,317

1,672

2,181

2,415

2,056

1,132

1,347

1,745

1,505

1,075

1,249

1,851

1,241

838

1,108

1,412

1,929

1,126

1,033

1,597

1,010

1,172

1,232

1,461

805

839

565

1,401

928

1,082

1,043

1,520

902

1,222

Provision for excess and obsolete inventory

802

833

632

722

607

548

487

685

485

6,588

533

436

578

-91

327

266

549

886

298

295

242

1,227

346

185

59

111

81

159

2,211

13,814

272

158

248

354

125

290

246

Changes in operating assets & liabilities:
Accounts receivable

-19,223

35,234

-12,886

-8,704

-7,642

-6,345

10,752

-514

-16

5,199

21,073

-18,877

16,178

6,237

-18,550

16,161

10,287

-1,630

-3,025

-871

355

13,233

-1,671

-6,127

1,634

7,169

-1,228

7,045

-1,458

-335

-10,127

4,794

-4,810

-4,698

-17,423

7,674

-8,245

Inventories

-1,924

1,351

5,441

4,990

6,171

5,645

-4,463

-2,132

11,462

2,330

710

6,683

844

-962

5,994

2,683

-1,143

-3,158

-285

12,418

6,963

-1,452

2,815

10,865

52

1,246

-3,024

-2,103

1,672

-9,399

-3,717

-1,064

8,277

-1,514

-510

544

13,350

Prepaid expenses and other current assets

4,435

-51

-278

-741

1,174

1,485

-1,321

1,864

-592

2,221

-2,608

1,906

2,347

998

-2,996

1,840

1,214

-4,277

1,432

1,120

1,085

1,735

-1,685

82

1,252

-554

-620

505

544

104

-5,298

423

385

2,861

-1,468

-38

-4,404

Accounts payable and other current liabilities

1,689

3,737

-1,328

-4,648

-16,911

10,169

-2,840

-6,196

-1,836

3,655

10,557

7,739

3,049

4,930

-7,841

2,639

1,082

-3,844

-11,364

9,747

11,466

5,621

-989

-1,835

-2,025

1,032

634

599

5,043

-1,889

-7,673

-1,766

-2,162

-2,703

-11,619

-6,786

3,168

Deferred revenue

4,859

1,808

13,362

-6,400

-2,098

4,810

2,603

-3,321

1,963

1,726

1,494

1,774

2,085

3,171

-6,579

5,649

226

-1,607

1,296

216

1,455

2,205

749

237

-614

635

-1,925

-48

-843

-307

-1,980

709

-3,818

333

-1,350

7

-2,996

Income taxes

53

23

-56

-161

32

257

43

-217

113

-20

27

5

2

17

35

20

30

-119

-31

-28

132

-363

138

-48

61

147

34

-132

84

-90

151

-362

76

-291

169

626

3

Other assets and liabilities

645

462

4,667

7,562

4,207

1,904

6,753

6,639

317

505

251

-19

749

3,776

2,867

263

5,364

2,427

232

3,466

422

643

818

-3,098

1,304

-507

1,908

1,356

549

-303

3,201

257

-6,483

148

2,720

45

5,875

Proceeds from sale of dry strip assets and intellectual property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

800

400

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

39,677

-13,249

19,981

-7,977

-12,349

29,745

1,880

6,840

8,500

15,962

8,925

34,065

-2,668

4,225

3,690

-6,522

-10,181

5,844

655

3,028

8,740

-2,292

-1,898

-7,892

-3,963

-4,193

-52

-8,918

-1,879

776

1,192

-2,868

-9,697

2,681

8,907

-6,849

-1,206

Expenditures for property, plant and equipment and capitalized software

1,290

905

2,307

4,502

4,255

863

2,177

952

723

375

5,061

733

1,116

245

402

584

1,275

501

657

352

320

186

143

340

227

337

148

186

150

55

151

244

141

174

719

621

610

Proceeds from sale leaseback obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

48,940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,290

-905

-2,307

-4,502

-4,255

-863

-2,177

-952

-723

-375

-5,061

-733

-1,116

-137

-240

-584

-1,275

-501

-657

-352

-320

-186

-143

-340

-227

1,246

-1,627

613

253

8,658

-153

-238

-144

-171

-710

-624

-616

Cash flows from financing activities
Net settlement on restricted stock grants

1,162

-3,234

11

1,310

281

-2,812

6

1,161

226

-50

0

-848

-286

-9

0

0

-2

-772

4

2

758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

7,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,583

1,479

1

-3

3

2

-6

3

-

-

3

6

Financing fees and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

847

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on sale leaseback obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Employee Stock Purchase Plan

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

0

4

175

228

0

36

239

Proceeds from exercise of stock options

4,499

2,066

643

568

1,828

445

467

376

446

4,403

1,822

6,759

2,531

490

1,181

362

194

384

1,872

728

937

837

475

306

1,277

556

907

157

49

105

16

45

802

16

33

42

197

Net cash (used in) provided by financing activities

-4,145

-1,217

632

-14,370

1,547

853

461

-348

220

4,743

1,822

6,260

2,245

758

1,152

245

192

-160

1,876

943

34,866

656

290

533

1,277

708

14,609

354

49

257

16

49

977

243

28

-116

436

Effect of exchange rate changes on cash and cash equivalents

640

-268

703

45

123

-426

487

931

-406

-138

-349

-462

105

321

43

270

-127

-54

-88

-82

509

39

-1,301

248

-338

212

748

149

-968

75

368

-364

-795

-289

-1,669

664

425

Net increase (decrease) in cash, cash equivalents and restricted cash

34,882

-15,639

19,009

-26,804

-14,934

29,309

651

6,471

7,591

20,192

5,337

39,130

-1,434

5,167

4,645

-6,591

-11,391

5,129

1,786

3,537

43,795

-1,783

-3,052

-7,451

-3,251

-2,027

13,678

-7,802

-2,545

9,766

1,423

-3,421

-9,659

2,464

6,556

-6,925

-961