Axcelis technologies inc (ACLS)
CashFlow / TTM
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

22,193

17,034

15,785

23,919

38,032

45,885

129,102

132,105

131,368

126,959

39,244

29,554

18,559

11,001

7,862

11,812

14,758

14,678

14,016

3,211

-9,572

-11,266

-10,816

-10,862

-7,982

-17,144

-32,576

-36,543

-32,994

-34,034

-21,329

-11,461

-6,763

5,077

0

0

0

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

8,628

7,880

7,147

6,596

5,939

5,772

5,458

5,346

5,273

5,002

4,817

4,629

4,517

4,258

4,454

4,632

4,645

4,869

4,756

4,588

4,591

4,589

4,568

4,655

4,821

5,075

5,406

5,971

6,375

6,877

7,736

8,113

8,511

8,497

0

0

0

Gain on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,167

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

3,621

3,304

5,260

6,406

9,340

11,209

-73,242

-73,031

-79,612

-82,085

-2,022

-2,871

547

519

1,160

1,162

595

779

916

1,029

1,088

1,266

-1,303

-1,183

-1,209

-1,465

100

-117

504

826

1,508

1,564

930

585

0

0

0

Stock-based compensation expense

8,225

8,173

8,321

8,585

8,324

7,784

6,950

6,280

5,729

5,672

5,574

5,680

5,416

5,179

5,038

4,599

5,287

5,575

5,500

5,685

4,766

4,812

5,011

4,875

4,670

4,337

3,670

3,610

3,733

3,976

4,454

4,573

4,547

4,687

0

0

0

Provision for excess and obsolete inventory

2,989

2,794

2,509

2,364

2,327

2,205

8,245

8,291

8,042

8,135

1,456

1,250

1,080

1,051

2,028

1,999

2,028

1,721

2,062

2,110

2,000

1,817

701

436

410

2,562

16,265

16,456

16,455

14,492

1,032

885

1,017

1,015

0

0

0

Changes in operating assets & liabilities:
Accounts receivable

-5,579

6,002

-35,577

-11,939

-3,749

3,877

15,421

25,742

7,379

23,573

24,611

-15,012

20,026

14,135

6,268

21,793

4,761

-5,171

9,692

11,046

5,790

7,069

1,005

1,448

14,620

11,528

4,024

-4,875

-7,126

-10,478

-14,841

-22,137

-19,257

-22,692

0

0

0

Inventories

9,858

17,953

22,247

12,343

5,221

10,512

7,197

12,370

21,185

10,567

7,275

12,559

8,559

6,572

4,376

-1,903

7,832

15,938

17,644

20,744

19,191

12,280

14,978

9,139

-3,829

-2,209

-12,854

-13,547

-12,508

-5,903

1,982

5,189

6,797

11,870

0

0

0

Prepaid expenses and other current assets

3,365

104

1,640

597

3,202

1,436

2,172

885

927

3,866

2,643

2,255

2,189

1,056

-4,219

209

-511

-640

5,372

2,255

1,217

1,384

-905

160

583

-125

533

-4,145

-4,227

-4,386

-1,629

2,201

1,740

-3,049

0

0

0

Accounts payable and other current liabilities

-550

-19,150

-12,718

-14,230

-15,778

-703

-7,217

6,180

20,115

25,000

26,275

7,877

2,777

810

-7,964

-11,487

-4,379

6,005

15,470

25,845

14,263

772

-3,817

-2,194

240

7,308

4,387

-3,920

-6,285

-13,490

-14,304

-18,250

-23,270

-17,940

0

0

0

Deferred revenue

13,629

6,672

9,674

-1,085

1,994

6,055

2,971

1,862

6,957

7,079

8,524

451

4,326

2,467

-2,311

5,564

131

1,360

5,172

4,625

4,646

2,577

1,007

-1,667

-1,952

-2,181

-3,123

-3,178

-2,421

-5,396

-4,756

-4,126

-4,828

-4,006

0

0

0

Income taxes

-141

-162

72

171

115

196

-81

-97

125

14

51

59

74

102

-34

-100

-148

-46

-290

-121

-141

-212

298

194

110

133

-104

13

-217

-225

-426

-408

580

507

0

0

0

Other assets and liabilities

13,336

16,898

18,340

20,426

19,503

15,613

14,214

7,712

1,054

1,486

4,757

7,373

7,655

12,270

10,921

8,286

11,489

6,547

4,763

5,349

-1,215

-333

-1,483

-393

4,061

3,306

3,510

4,803

3,704

-3,328

-2,877

-3,358

-3,570

8,788

0

0

0

Proceeds from sale of dry strip assets and intellectual property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

38,432

-13,594

29,400

11,299

26,116

46,965

33,182

40,227

67,452

56,284

44,547

39,312

-1,275

-8,788

-7,169

-10,204

-654

18,267

10,131

7,578

-3,342

-16,045

-17,946

-16,100

-17,126

-15,042

-10,073

-8,829

-2,779

-10,597

-8,692

-977

-4,958

3,533

0

0

0

Expenditures for property, plant and equipment and capitalized software

9,004

11,969

11,927

11,797

8,247

4,715

4,227

7,111

6,892

7,285

7,155

2,496

2,347

2,506

2,762

3,017

2,785

1,830

1,515

1,001

989

896

1,047

1,052

898

821

539

542

600

591

710

1,278

1,655

2,124

0

0

0

Proceeds from sale leaseback obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-9,004

-11,969

-11,927

-11,797

-8,247

-4,715

-4,227

-7,111

-6,892

-7,285

-7,047

-2,226

-2,077

-2,236

-2,600

-3,017

-2,785

-1,830

-1,515

-1,001

-989

-896

536

-948

5

485

7,897

9,371

8,520

8,123

-706

-1,263

-1,649

-2,121

0

0

0

Cash flows from financing activities
Net settlement on restricted stock grants

-751

-1,632

-1,210

-1,215

-1,364

-1,419

1,343

1,337

-672

-1,184

-1,143

-1,143

-295

-11

-774

-770

-768

-8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-106

1,480

3

-4

2

0

0

0

-

-

0

0

Financing fees and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

847

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,530

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on sale leaseback obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

392

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Employee Stock Purchase Plan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

331

407

407

439

503

0

0

0

Proceeds from exercise of stock options

7,776

5,105

3,484

3,308

3,116

1,734

5,692

7,047

13,430

15,515

11,602

10,961

4,564

2,227

2,121

2,812

3,178

3,921

4,374

2,977

2,555

2,895

2,614

3,046

2,897

1,669

1,218

327

215

968

879

896

893

288

0

0

0

Net cash (used in) provided by financing activities

-19,100

-13,408

-11,338

-11,509

2,513

1,186

5,076

6,437

13,045

15,070

11,085

10,415

4,400

2,347

1,429

2,153

2,851

37,525

38,341

36,755

36,345

2,756

2,808

17,127

16,948

15,720

15,269

676

371

1,299

1,285

1,297

1,132

591

0

0

0

Effect of exchange rate changes on cash and cash equivalents

1,120

603

445

229

1,115

586

874

38

-1,355

-844

-385

7

739

507

132

1

-351

285

378

-835

-505

-1,352

-1,179

870

771

141

4

-376

-889

-716

-1,080

-3,117

-2,089

-869

0

0

0

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

11,448

-38,368

6,580

-11,778

21,497

44,022

34,905

39,591

72,250

63,225

48,200

47,508

1,787

-8,170

-8,208

-11,067

-939

54,247

47,335

42,497

31,509

-15,537

-15,781

949

598

1,304

13,097

842

5,223

-1,891

-9,193

-4,060

-7,564

1,134

0

0

0