Axcelis Technologies, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $120.2M | $201.0M | $246.3M | $183.1M | $98.7M | $50.0M | $17.0M | $45.9M |
| Depreciation & Amortization | $17.6M | $15.8M | $13.1M | $11.6M | $10.8M | $9.9M | $7.9M | $5.8M |
| Depreciation | $8.7M | $7.7M | $6.2M | $5.1M | $4.2M | $3.4M | $2.6M | $3.2M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $20.8M | $21.0M | $18.3M | $13.4M | $12.1M | $10.5M | $8.2M | $7.8M |
| Net Cash from Operating Activities | $118.3M | $140.8M | $156.9M | $215.6M | $150.2M | $69.7M | $-13.6M | $47.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.3M | $12.2M | $20.7M | $10.7M | $8.7M | $7.4M | $12.0M | $4.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $29.9M | $-108.7M | $-100.9M | $-257.3M | $-8.7M | $-7.3M | $-12.0M | $-4.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $121.1M | $60.5M | $52.5M | $57.5M | $50.0M | $7.5M | $17.7M | — |
| Net Cash from Financing Activities | $-124.5M | $-71.2M | $-68.3M | $-65.5M | $-52.5M | $-2.4M | $-13.4M | $1.2M |
| Net Change in Cash | $25.0M | $-42.9M | $-12.4M | $-109.3M | $91.4M | $57.7M | $-38.4M | $44.0M |
| Free Cash Flow | $107.0M | $128.6M | $136.2M | $204.9M | $141.5M | $62.3M | $-25.6M | $42.3M |