AXCELIS TECHNOLOGIES INC (ACLS) FY2024 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-03-31

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AXCELIS TECHNOLOGIES INC cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $42,223,000.00Net income → Operating adjustments reconciliation: $9,372,000.00Income taxes → Operating adjustments reconciliation: $21,374,000.00Accounts receivable → Operating adjustments reconciliation: $7,042,000.00Currency loss on foreign denominated transactions → Operating adjustments reconciliation: $6,560,000.00Stock-based compensation expense → Operating adjustments reconciliation: $4,690,000.00Depreciation and amortization → Operating adjustments reconciliation: $3,775,000.00Provision for excess and obsolete inventory → Operating adjustments reconciliation: $1,445,000.00Operating adjustments reconciliation → Accounts payable and other current liabilities: $29,118,000.00Operating adjustments reconciliation → Inventories: $11,427,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $5,489,000.00Operating adjustments reconciliation → Accretion of discounts and premiums on marketable securities: $3,306,000.00Operating adjustments reconciliation → Deferred revenue: $1,963,000.00Operating adjustments reconciliation → Other assets and liabilities: $1,399,000.00Operating adjustments reconciliation → Deferred income taxes: $1,097,000.00Operating adjustments reconciliation → Provision for doubtful accounts: $459,000.00Maturities of short-term investments → investing reconciliation: $91,050,000.00investing reconciliation → Purchase of short-term investments: $145,121,000.00investing reconciliation → Expenditures for property, plant and equipment and capitalized software: $1,620,000.00Net cash used in financing activities → financing reconciliation: $18,055,000.00financing reconciliation → Repurchase of common stock: $14,999,000.00financing reconciliation → Net settlement on restricted stock grants: $2,699,000.00financing reconciliation → Principal payments on finance lease obligation: $357,000.00Net cash used in investing activities → investing reconciliation: $55,691,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $173,951,000.00Net cash from operating activities → Cash sources and uses: $42,223,000.00Cash sources and uses → Exchange-rate effect: $1,813,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $140,615,000.00Cash sources and uses → Net cash used in investing activities: $55,691,000.00Cash sources and uses → Net cash used in financing activities: $18,055,000.00Currency loss on foreign denominated transactions: $6,560,000.00FX transaction gain & loss+$6.56 MNet income: $51,595,000.00Net income+$51.60 MAccretion of discounts and premiums on marketable securities: -$3,306,000.00Investment discount & premium−$3.31 MDepreciation and amortization: $3,775,000.00Depreciation & amortization+$3.78 MProvision for doubtful accounts: -$459,000.00Credit loss provision−$459.00 KDeferred income taxes: -$1,097,000.00Deferred income taxes−$1.10 MStock-based compensation expense: $4,690,000.00Stock-based compensation+$4.69 MProvision for excess and obsolete inventory: $1,445,000.00Excess & obsolete inventory+$1.45 MAccounts receivable: $7,042,000.00Accounts receivable+$7.04 MInventories: -$11,427,000.00Inventories−$11.43 MPrepaid expenses and other current assets: -$5,489,000.00Prepaid & other assets−$5.49 MAccounts payable and other current liabilities: -$29,118,000.00Payables & accrued liabilities−$29.12 MDeferred revenue: -$1,963,000.00Deferred revenue−$1.96 MIncome taxes: $21,374,000.00Income taxes payable+$21.37 MOther assets and liabilities: -$1,399,000.00Other working capital, net−$1.40 MNet cash from operating activities: $42,223,000.00Operating cash+$42.22 MOperating adjustments reconciliation: $54,258,000.00Principal payments on finance lease obligation: -$357,000.00Finance lease payments−$357.00 KNet settlement on restricted stock grants: -$2,699,000.00Restricted stock net settlement−$2.70 MRepurchase of common stock: -$14,999,000.00Common stock repurchases−$15.00 MNet cash used in financing activities: -$18,055,000.00. Cash required to fund net payments.Financing cash−$18.06 Mfinancing reconciliation: $18,055,000.00Expenditures for property, plant and equipment and capitalized software: -$1,620,000.00PP&E purchases−$1.62 MMaturities of short-term investments: $91,050,000.00Short-term investment maturities+$91.05 MPurchase of short-term investments: -$145,121,000.00Short-term investment purchases−$145.12 MNet cash used in investing activities: -$55,691,000.00. Cash required to fund net payments.Investing cash−$55.69 Minvesting reconciliation: $146,741,000.00Cash sources and uses: $216,174,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $173,951,000.00Beginning cash$173.95 MEnding cash: Cash, cash equivalents, and restricted cash: $140,615,000.00Ending cash$140.62 MExchange-rate effect: -$1,813,000.00FX effect−$1.81 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$40.60 MOperating cash − cash spent on PP&ECash flow / Net income0.82×Operating cash flow ÷ net incomeNet cash change−$33.34 MEnding cash − beginning cash
Chart details

AXCELIS TECHNOLOGIES INC cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024

Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
173,951,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
42,223,000 US dollars. Net cash provided.
Currency loss on foreign denominated transactions
6,560,000 US dollars
Net income
51,595,000 US dollars
Accretion of discounts and premiums on marketable securities
negative 3,306,000 US dollars
Depreciation and amortization
3,775,000 US dollars
Provision for doubtful accounts
negative 459,000 US dollars
Deferred income taxes
negative 1,097,000 US dollars
Stock-based compensation expense
4,690,000 US dollars
Provision for excess and obsolete inventory
1,445,000 US dollars
Accounts receivable
7,042,000 US dollars
Inventories
negative 11,427,000 US dollars
Prepaid expenses and other current assets
negative 5,489,000 US dollars
Accounts payable and other current liabilities
negative 29,118,000 US dollars
Deferred revenue
negative 1,963,000 US dollars
Income taxes
21,374,000 US dollars
Other assets and liabilities
negative 1,399,000 US dollars
Investing activities
negative 55,691,000 US dollars. Net cash used.
Expenditures for property, plant and equipment and capitalized software
negative 1,620,000 US dollars
Maturities of short-term investments
91,050,000 US dollars
Purchase of short-term investments
negative 145,121,000 US dollars
Financing activities
negative 18,055,000 US dollars. Net cash used.
Principal payments on finance lease obligation
negative 357,000 US dollars
Net settlement on restricted stock grants
negative 2,699,000 US dollars
Repurchase of common stock
negative 14,999,000 US dollars
Operating adjustment reconciliation
54,258,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
18,055,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
146,741,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,813,000 US dollars
Ending cash on Mar 31, 2024
140,615,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
216,174,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 33,336,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.82×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
42,223,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
1,620,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
40,603,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $42.22M of net income directly to operating cash and $9.37M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 42,223,000 US dollars minus 1,620,000 US dollars equals 40,603,000 US dollars.
AXCELIS TECHNOLOGIES INC (ACLS) FY2024 Q1 Statement of Cash Flows Sankey chart
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