ASML Announces 2012 Fourth Quarter And Full Year Results In Line With Guidance
ASML – Reconciliation U.S. GAAP – IFRS 1,2
| Net income | Three months ended, | Twelve months ended, | |||||||||
| Dec 31, | Dec 31, | Dec 31, | Dec 31, | ||||||||
| 2012 | 2011 | 2012 | 2011 | ||||||||
| (in millions EUR) | |||||||||||
| Net income based on U.S. GAAP | 297.7 | 284.7 | 1,146.3 | 1,467.0 | |||||||
| Development expenditures (see Note 1) | 41.1 | 25.8 | 164.8 | (2.2) | |||||||
| Share-based payments (see Note 2) | (1.4) | 0.3 | (1.0) | (0.3) | |||||||
| Reversal of write-downs (see Note 3) | (14.0) | 3.4 | (7.2) | 4.6 | |||||||
| Income taxes (see Note 4) | (2.6) | 2.8 | (0.6) | 24.9 | |||||||
| Net income based on IFRS | 320.8 | 317.0 | 1,302.3 | 1,494.0 | |||||||
| Shareholders’ equity | Dec 31, | Sep 30, | Jul 1, | Apr 1, | Dec 31, | ||||||
| 2012 | 2012 | 2012 | 2012 | 2011 | |||||||
| (in millions EUR) | |||||||||||
| Shareholders’ equity based on U.S. GAAP | 4,066.9 | 6,905.7 | 3,595.5 | 3,612.0 | 3,444.2 | ||||||
| Development expenditures (see Note 1) | 396.8 | 356.6 | 308.7 | 267.3 | 233.0 | ||||||
| Share-based payments (see Note 2) | 4.1 | 4.1 | 4.0 | 3.7 | 2.7 | ||||||
| Reversal of write-downs (see Note 3) | - | 14.0 | 14.4 | 6.5 | 7.2 | ||||||
| Income taxes (see Note 4) | 30.4 | 35.0 | 36.4 | 31.4 | 32.7 | ||||||
| Equity based on IFRS | 4,498.2 | 7,315.4 | 3,959.0 | 3,920.9 | 3,719.8 | ||||||
Notes to the reconciliation from U.S. GAAP to IFRS
Note 1 Development expenditures
Under IFRS, ASML applies IAS 38, “Intangible Assets”. In accordance with IAS 38, ASML capitalizes certain development expenditures that are amortized over the expected useful life of the related product generally ranging between one and three years. Amortization starts when the developed product is ready for volume production.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
