6-K - ASML - Equibles

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ______________________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For April 20, 2022

Commission File Number 001-33463

______________________

ASML Holding N.V.

De Run 6501

5504 DR Veldhoven

The Netherlands

(Address of principal executive offices)

______________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ¨

EXHIBITS 99.1 AND 99.3 TO THIS REPORT ON FORM 6-K ARE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-116337), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-126340), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-136362), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-141125), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-142254), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-144356), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-147128), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-153277), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-162439), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-170034), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-188938), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-190023), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-192951), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-203390), THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-219442) AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-227464) OF ASML HOLDING N.V. AND IN THE OUTSTANDING PROSPECTUSES CONTAINED IN SUCH REGISTRATION STATEMENTS.

Exhibits

99.1 “ASML reports €3.5 billion net sales and €695 million net income in Q1 2022. Sales growth expectations for 2022 unchanged.", press release dated April 20, 2022

99.2 “ASML reports €3.5 billion net sales and €695 million net income in Q1 2022. Sales growth expectations for 2022 unchanged.", presentation dated April 20, 2022

99.3 Summary US GAAP Consolidated Financial Statements

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ASML HOLDING N.V. (Registrant)

Date: April 20, 2022 By: /s/ Peter T.F.M. Wennink

Peter T.F.M. Wennink

Chief Executive Officer

Document

Exhibit 99.1

ASML reports €3.5 billion net sales and €695 million net income in Q1 2022

Sales growth expectations for 2022 unchanged

VELDHOVEN, the Netherlands, April 20, 2022 – today ASML Holding NV (ASML) has published its 2022 first-quarter results.

•Q1 net sales of €3.5 billion, gross margin of 49.0%, net income of €695 million

•Q1 net bookings of €7.0 billion2

•ASML expects Q2 2022 net sales between €5.1 billion and €5.3 billion and a gross margin between 49% and 50%

(Figures in millions of euros unless otherwise indicated)	Q4 2021	Q1 2022
Net sales	4,986	3,534
...of which Installed Base Management sales 1	1,522	1,247
New lithography systems sold (units)	72	59
Used lithography systems sold (units)	10	3
Net bookings 2	7,050	6,977
Gross profit	2,701	1,731
Gross margin (%)	54.2	49.0
Net income	1,774	695
EPS (basic; in euros)	4.39	1.73
End-quarter cash and cash equivalents and short-term investments	7,590	4,723

(1) Installed Base Management sales equals our net service and field option sales.

(2) Our systems net bookings include all system sales orders for which written authorizations have been accepted.

Numbers have been rounded for readers' convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com

CEO statement and outlook

"Our first-quarter net sales came in at €3.5 billion which is at the high end of our guidance. The gross margin of 49.0%, is as guided. Our first-quarter net bookings came in at €7.0 billion, including €2.5 billion from 0.33 NA and 0.55 NA EUV systems as well as very strong DUV bookings, reflecting the continued high demand for advanced and mature nodes.

"We continue to see that the demand for our systems is higher than our current production capacity. We accommodate our customers through offering high-productivity upgrades and reducing cycle time in our factories, and we continue to offer a fast shipment process. In addition, we are actively working to significantly expand capacity together with our supply chain partners. In light of the demand and our plans to increase capacity, we expect to revisit our scenarios for 2025 and growth opportunities beyond. We plan to communicate updates in the second half of the year.

"ASML expects second-quarter net sales between €5.1 billion and €5.3 billion with a gross margin between 49% and 50%. ASML expects R&D costs of around €790 million and SG&A costs of around €220 million. For the full year, we continue to expect a revenue growth of around 20%," said ASML President and Chief Executive Officer Peter Wennink.

Products and business highlights

•We received multiple orders this quarter for our High-NA EXE:5200 systems (EUV 0.55 NA) from both Logic and Memory customers.

•In our Applications business, we shipped our first eScan460 system, which is our next-generation single-beam inspection system, with higher resolution and 50% faster throughput than eScan430.

Update share buyback program

As part of its financial policy to return excess cash to its shareholders through growing annualized dividends and share buybacks, ASML executes a share buyback program which started on July 22, 2021, and is to be closed by December 31, 2023. Based on this program, ASML intends to repurchase shares up to an amount of €9 billion, of which we expect a total of up to 0.45 million shares will be used to cover employee share plans. ASML intends to cancel the remainder of the shares repurchased. In the first quarter, we purchased around €2.1 billion worth of shares under the current program.

The share buyback program will be executed within the limitations of the existing authority granted by the Annual General Meeting of Shareholders (AGM) on April 29, 2021, and of the authority to be granted by future AGMs. The share buyback program may be suspended, modified or discontinued at any time. All transactions under this program will be published on ASML's website (www.asml.com/investors) on a weekly basis.

Media Relations contacts	Investor Relations contacts
Monique Mols +31 6 5284 4418	Skip Miller +1 480 235 0934
Ryan Young +1 480 205 8659	Marcel Kemp +31 40 268 6494
Karen Lo +886 36 23 6639	Peter Cheang +886 3 659 6771

Quarterly video interview and investor call

With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2022 first-quarter results and outlook for 2022. This video and the transcript can be viewed on www.asml.com.

An investor call for both investors and the media will be hosted by CEO Peter Wennink and CFO Roger Dassen on April 20, 2022 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

About ASML

ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across Europe, the US and Asia. Every day, ASML’s more than 33,100 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

US GAAP Financial Reporting

ASML's primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly Summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on www.asml.com.

The consolidated balance sheets of ASML Holding N.V. as of April 3, 2022, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and three months ended April 3, 2022 as presented in this press release are unaudited.

Regulated information

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Forward Looking Statements

This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology industry and business environment trends, rising business costs, outlook and expected financial results, including expected net sales, gross margin, R&D costs, SG&A costs and estimated annualized effective tax rate, bookings, expected growth in net sales, full year 2022 expectations including revenue, shipments and expectations for EUV, DUV, IBM and expectations by market segment, statements made at our 2021 Investor Day including revenue and gross margin opportunity for 2025 and growth opportunities beyond 2025, expected annual revenue growth rate for the period of 2020-2030, and our plan to revisit these expectations presented at the 2021 Investor Day, expected revenue recognition, including estimates of revenue to be recognized in periods after shipment, expected shipments, plans and strategies, including plans to increase capacity and plans to build additional cleanrooms, customer demand and plans to meet increasing demand, statements with respect to dividends and share buybacks and financial policy including statements with respect to the 2021-2023 share buyback program, including the amount of shares intended to be repurchased under the program, ESG strategy improvement and other non-historical statements. You can generally identify these statements by the use of words like "may", "will", "could", "should", "project", "believe", "anticipate", "expect", "plan", "estimate", "forecast", "potential", "intend", "continue", "target", "future", "progress", "goal" and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors, the impact of general economic conditions on consumer confidence and demand for our customers’ products, performance of our systems, the impact of the COVID-19 outbreak and measures taken to contain it on us, our suppliers, the global economy and financial markets, the impact of the Russian military actions in the Ukraine and measures taken in response on the global economy and global financial markets and other factors that may impact ASML’s financial results, including customer demand and ASML’s ability to obtain parts and components for its products and otherwise meet demand, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, production capacity and our ability to increase capacity to meet demand, the impact of inflation, the number and timing of systems ordered, shipped and recognized in revenue, and the risk of order cancellation or push out, supply chain capacity and logistics and constraints on our ability to produce systems to meet demand, trends in the semi-conductor industry, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, availability of raw materials, critical manufacturing equipment and qualified employees, trade environment, import/export and national security regulations and orders and their impact on us, changes in exchange and tax rates, available liquidity and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, results of the share repurchase programs and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2021 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

q12022presentationwebsit

Public ASML 2022 First-Quarter Veldhoven, the Netherlands April 20, 2022 ASML reports €3.5 billion net sales and €695 million net income in Q1 Sales growth expectations for 2022 unchanged Exhibit 99.2

Public Page 2April 20, 2022 • Investor key messages • Business summary • Outlook • Financial statements Agenda

Public Page 3April 20, 2022 Investor key messages

Public Page 4April 20, 2022 Investor key messages • Global megatrends in the electronics industry, supported by a highly profitable and fiercely innovative ecosystem, are expected to continue to fuel growth across the semiconductor market • Growth in semiconductor end markets and increasing lithography intensity are driving demand for our products and services • ASML’s comprehensive product portfolio is aligned with our customers’ roadmaps, delivering cost effective solutions in support of all applications from leading edge to mature nodes • Based on different market scenarios as presented during our Investor Day in September 2021, we presented an opportunity to reach annual revenue in 2025 between approximately €24 billion and €30 billion, with a gross margin between approximately 54% and 56% • As presented at our Investor Day in September 2021 we see significant growth opportunities beyond 2025 and we expect our systems and Installed Base Management1 could provide an annual revenue growth rate of around 11% for the period 2020-20302 • ASML and its supply chain partners are actively adding and improving capacity to meet current and future customer demand. Based on market developments we are looking at feasibility of further increasing our capacity beyond what we presented during our September 2021 Investor Day • In light of the demand and our plans to increase capacity, we expect to revisit our scenarios for 2025 and growth opportunities beyond. We plan to communicate updates in the second half of the year • We are continuously striving to improve our performance on ESG Sustainability KPIs and are upgrading our ESG Sustainability strategy to accelerate progress • We expect to continue to return significant amounts of cash to our shareholders through a combination of growing dividends and share buybacks 1 Installed Base Management equals our net service and field option sales, 2 based on third party research and our assumptions

Public Page 5April 20, 2022 Business summary

Public Page 6April 20, 2022 1 Installed Base Management equals our net service and field option sales 2 Our systems net bookings include all system sales orders for which written authorizations have been accepted. Q1 results summary • Net sales of €3.5 billion, net systems sales of €2.3 billion, Installed Base Management1 sales of €1.2 billion • Gross margin of 49.0% • Operating margin of 22.2% • Net income as a percentage of net sales of 19.7% • Earnings per share (basic) of €1.73 • Net bookings2 of €7.0 billion, including €2.5 billion of EUV 0.33 NA systems and multiple EUV 0.55 NA (EXE:5200) systems

Public Page 7April 20, 2022 Net system sales breakdown (Quarterly) Q1’22 total system sales €2,287 million Q4’21 total system sales €3,464 million

Public Page 8April 20, 2022 Logic Memory Installed Base Management1 1 Installed Base Management equals our net service and field option sales Total net sales € million by End-use

Public Page 9April 20, 2022 Litho systems bookings activity by End-use Q1’22 total system value €6,977 million Q4’21 total system value €7,050 million Lithography systems New Used Units 154 9 Lithography systems New Used Units 182 9 Our systems net bookings include all system sales orders for which written authorizations have been accepted.

Public Page 10April 20, 2022 • In Q1 2022 we repurchased around 3.6 million shares for a total amount of around €2.1 billion • Total shares bought under the 2021-2023 program until end of Q1 is around 10.2 million shares for a total amount of €6.7 billion • Intention to declare a total dividend for 2021 of €5.50 per ordinary share, consisting of: ◦ interim dividend of €1.80 per ordinary share paid in November 2021 ◦ final dividend of €3.70 per ordinary share, as proposed to the 2022 AGM Capital return to shareholders Capital return is cumulative dividend + share buyback Share buyback Dividend paid The dividend for a year is paid in the subsequent year, except interim Total dividend Interim dividend Proposed final dividend

Public Page 11April 20, 2022 Outlook

Public Page 12April 20, 2022 Outlook Q2 • Net sales between €5.1 billion and €5.3 billion, ◦ including, Installed Base Management1 sales of around €1.2 billion ◦ excluding, net revenue shift of around €800 million due to fast shipments to subsequent quarters • Gross margin between 49% and 50% • R&D costs of around €790 million • SG&A costs of around €220 million 2022 • Strong demand drives expected net sales growth of around 20% • Estimated annualized effective tax rate between 15% and 16% 1 Installed Base Management equals our net service and field option sales

Public Page 13April 20, 2022 Financial Statements

Public Page 14April 20, 2022 Consolidated statements of operations € million Quarter on Quarter Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Net sales 4,364 4,020 5,241 4,986 3,534 Gross profit 2,352 2,045 2,711 2,701 1,731 Gross margin % 53.9 50.9 51.7 54.2 49.0 Other income 1 — — — 214 — R&D costs (623) (634) (609) (681) (739) SG&A costs (168) (172) (183) (203) (208) Income from operations 1,561 1,239 1,919 2,031 784 Operating income as a % of net sales 35.8 30.8 36.6 40.7 22.2 Net income 1,331 1,038 1,740 1,774 695 Net income as a % of net sales 30.5 25.8 33.2 35.6 19.7 Earnings per share (basic) € 3.21 2.52 4.27 4.39 1.73 Earnings per share (diluted) € 3.20 2.52 4.26 4.38 1.73 Lithography systems sold (units) 2 76 72 79 82 62 Net bookings 3 4,740 8,271 6,179 7,050 6,977 1 Other income includes the gain on the sale of Berliner Glas subsidiaries. 2 Lithography systems do not include metrology and inspection systems. 3 Our systems net bookings include all system sales orders for which written authorizations have been accepted. These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.

Public Page 15April 20, 2022 Consolidated statements of cash flows € million Quarter on Quarter Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Cash and cash equivalents, beginning of period 6,049 3,244 5,187 4,319 6,952 Net cash provided by (used in) operating activities (942) 3,569 1,802 6,417 (586) Net cash provided by (used in) investing activities (307) 991 (280) (476) (12) Net cash provided by (used in) financing activities (1,560) (2,613) (2,392) (3,327) (2,030) Effect of changes in exchange rates on cash 3 (4) 2 19 — Net increase (decrease) in cash and cash equivalents (2,806) 1,943 (868) 2,633 (2,628) Cash and cash equivalents, end of period 3,244 5,187 4,319 6,952 4,324 Short-term investments 1,412 187 137 638 399 Cash and cash equivalents and short-term investments 4,656 5,374 4,456 7,590 4,723 Purchases of property, plant and equipment and intangible assets (197) (247) (205) (291) (252) Free cash flow 1 (1,139) 3,322 1,597 6,126 (838) 1 Free cash flow, which is a non-GAAP measure, is defined as net cash provided by (used in) operating activities minus purchases of Property, plant and equipment and intangible assets, see US GAAP Consolidated Financial Statements. These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.

Public Page 16April 20, 2022 Consolidated balance sheets € million Quarter on Quarter Assets Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Cash & cash equivalents and short-term investments 4,656 5,374 4,456 7,590 4,723 Net accounts receivable and finance receivables 4,524 4,426 4,708 4,597 4,954 Contract assets 107 179 272 165 371 Inventories, net 4,748 5,086 4,944 5,179 6,074 Other assets and Held for sale assets 2,396 2,088 2,268 2,010 2,402 Tax assets 1,510 1,319 1,276 1,141 1,953 Equity method investments 842 865 963 893 940 Goodwill 4,556 4,556 4,556 4,556 4,556 Other intangible assets 1,014 988 964 952 923 Property, plant and equipment 2,522 2,609 2,730 2,983 3,159 Right-of-use assets 344 326 161 165 177 Total assets 27,219 27,816 27,298 30,231 30,232 Liabilities and shareholders' equity Current liabilities 6,876 8,754 9,163 12,298 13,613 Non-current liabilities 6,714 6,969 6,633 7,792 7,809 Shareholders' equity 13,629 12,093 11,502 10,141 8,810 Total liabilities and shareholders' equity 27,219 27,816 27,298 30,231 30,232 These numbers have been prepared in accordance with US GAAP. Numbers have been rounded for readers' convenience.

Public Page 17April 20, 2022 This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology industry and business environment trends, rising business costs, outlook and expected financial results, including expected net sales, gross margin, R&D costs, SG&A costs and estimated annualized effective tax rate, bookings, expected growth in net sales, full year 2022 expectations including revenue, shipments and expectations for EUV, DUV, IBM and expectations by market segment, statements made at our 2021 Investor Day including revenue and gross margin opportunity for 2025 and growth opportunities beyond 2025, expected annual revenue growth rate for the period of 2020-2030, and our plan to revisit these expectations presented at the 2021 Investor Day, expected revenue recognition, including estimates of revenue to be recognized in periods after shipment, expected shipments, plans and strategies, including plans to increase capacity and plans to build additional cleanrooms, customer demand and plans to meet increasing demand, statements with respect to dividends and share buybacks and financial policy including statements with respect to the 2021-2023 share buyback program, including the amount of shares intended to be repurchased under the program, ESG strategy improvement and other non-historical statements. You can generally identify these statements by the use of words like "may", "will", "could", "should", "project", "believe", "anticipate", "expect", "plan", "estimate", "forecast", "potential", "intend", "continue", "target", "future", "progress", "goal" and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, economic conditions, product demand and semiconductor equipment industry capacity, worldwide demand and manufacturing capacity utilization for semiconductors, the impact of general economic conditions on consumer confidence and demand for our customers’ products, performance of our systems, the impact of the COVID-19 outbreak and measures taken to contain it on us, our suppliers, the global economy and financial markets, the impact of the Russian military actions in the Ukraine and measures taken in response on the global economy and global financial markets and other factors that may impact ASML’s financial results, including customer demand and ASML’s ability to obtain parts and components for its products and otherwise meet demand, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, production capacity and our ability to increase capacity to meet demand, the impact of inflation, the number and timing of systems ordered, shipped and recognized in revenue, and the risk of order cancellation or push out, supply chain capacity and logistics and constraints on our ability to produce systems to meet demand, trends in the semi-conductor industry, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, availability of raw materials, critical manufacturing equipment and qualified employees, trade environment, import/export and national security regulations and orders and their impact on us, changes in exchange and tax rates, available liquidity and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, results of the share repurchase programs and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2021 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law. Forward looking statements

Public

Document

Exhibit 99.3

ASML - Summary US GAAP Consolidated Statements of Operations

	Three months ended,
	Apr 4,	Apr 3,
(unaudited, in millions €, except per share data)	2021	2022
Net system sales	3,128.8	2,287.2
Net service and field option sales	1,235.1	1,247.2
Total net sales	4,363.9	3,534.4
Total cost of sales	(2,011.5)	(1,803.4)
Gross profit	2,352.4	1,731.0
Research and development costs	(623.4)	(738.7)
Selling, general and administrative costs	(168.4)	(207.7)
Income from operations	1,560.6	784.6
Interest and other, net	(12.1)	(15.6)
Income before income taxes	1,548.5	769.0
Income tax expense	(230.3)	(114.4)
Income after income taxes	1,318.2	654.6
Profit related to equity method investments	13.2	40.7
Net income	1,331.4	695.3
Basic net income per ordinary share	3.21	1.73
Diluted net income per ordinary share	3.20	1.73
Weighted average number of ordinary shares used in computing per share amounts (in millions):
Basic	415.3	401.1
Diluted	415.8	401.5

ASML - Ratios and Other Data

	Three months ended,
	Apr 4,		Apr 3,
(unaudited, in millions €, except otherwise indicated)	2021		2022
Gross profit as a percentage of net sales	53.9	%	49.0	%
Income from operations as a percentage of net sales	35.8	%	22.2	%
Net income as a percentage of net sales	30.5	%	19.7	%
Income taxes as a percentage of income before income taxes	14.9	%	14.9	%
Shareholders’ equity as a percentage of total assets	50.1	%	29.1	%
Sales of lithography systems (in units) 1	76		62
Value of booked systems (EUR millions) 2	4,740		6,977
Net bookings lithography systems (in units) 1, 2	120		162
Number of payroll employees in FTEs	27,248		30,861
Number of temporary employees in FTEs	1,561		2,329

Lithography systems do not include metrology and inspection systems.
Our systems net bookings include all system sales orders for which written authorizations have been accepted.

ASML - Summary US GAAP Consolidated Balance Sheets

	Dec 31,	Apr 3,
(unaudited, in millions €)	2021	2022
ASSETS
Cash and cash equivalents	6,951.8	4,324.1
Short-term investments	638.5	398.5
Accounts receivable, net	3,028.0	3,494.6
Finance receivables, net	1,185.6	1,267.6
Current tax assets	42.0	811.0
Contract assets	164.6	371.3
Inventories, net	5,179.2	6,073.5
Other assets	1,000.5	1,468.2
Total current assets	18,190.2	18,208.8
Finance receivables, net	383.0	191.5
Deferred tax assets	1,098.7	1,141.9
Other assets	1,011.4	934.2
Equity method investments	892.5	940.0
Goodwill	4,555.6	4,555.6
Other intangible assets, net	952.1	923.4
Property, plant and equipment, net	2,982.7	3,159.4
Right-of-use assets - Operating	159.5	172.5
Right-of-use assets - Finance	5.3	4.5
Total non-current assets	12,040.8	12,023.0
Total assets	30,231.0	30,231.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	12,298.0	13,612.8
Total current liabilities	12,298.0	13,612.8
Long-term debt	4,075.0	3,951.7
Deferred and other tax liabilities	240.6	262.2
Contract liabilities	3,225.7	3,292.2
Accrued and other liabilities	251.1	302.5
Total non-current liabilities	7,792.4	7,808.6
Total liabilities	20,090.4	21,421.4
Total shareholders’ equity	10,140.6	8,810.4
Total liabilities and shareholders’ equity	30,231.0	30,231.8

ASML - Summary US GAAP Consolidated Statements of Cash Flows

	Three months ended,
	Apr 4,	Apr 3,
(unaudited, in millions €)	2021	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	1,331.4	695.3
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	117.9	131.0
Impairment and loss (gain) on disposal	6.2	12.1
Share-based compensation expense	21.0	11.5
Inventory reserves	34.4	50.2
Deferred tax expense (benefit)	(35.8)	(39.7)
Equity method investments	(21.5)	(47.5)
Changes in assets and liabilities	(2,395.3)	(1,399.0)
Net cash provided by (used in) operating activities	(941.7)	(586.1)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(189.4)	(240.1)
Purchase of intangible assets	(7.9)	(11.5)
Purchase of short-term investments	(608.5)	(19.6)
Maturity of short-term investments	499.1	259.5
Net cash provided by (used in) investing activities	(306.7)	(11.7)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury shares	(1,567.6)	(2,038.2)
Net proceeds from issuance of shares	11.0	21.5
Repayment of debt and finance lease obligations	(3.6)	(13.5)
Net cash provided by (used in) financing activities	(1,560.2)	(2,030.2)
Net cash flows	(2,808.6)	(2,628.0)
Effect of changes in exchange rates on cash	3.0	0.3
Net increase (decrease) in cash and cash equivalents	(2,805.6)	(2,627.7)
Cash and cash equivalents at beginning of the period	6,049.4	6,951.8
Cash and cash equivalents at end of the period	3,243.8	4,324.1

ASML - Quarterly Summary US GAAP Consolidated Statements of Operations


	Apr 4,	Jul 4,	Oct 3,	Dec 31,	Apr 3,
(unaudited, in millions , except per share data)	2021	2021	2021	2021	2022
Net system sales	3,128.8	2,949.6	4,111.1	3,463.2	2,287.2
Net service and field option sales	1,235.1	1,070.6	1,130.2	1,522.4	1,247.2
Total net sales	4,363.9	4,020.2	5,241.3	4,985.6	3,534.4
Total cost of sales	(2,011.5)	(1,975.6)	(2,529.9)	(2,285.0)	(1,803.4)
Gross profit	2,352.4	2,044.6	2,711.4	2,700.6	1,731.0
Research and development costs	(623.4)	(633.8)	(609.2)	(680.6)	(738.7)
Selling, general and administrative costs	(168.4)	(171.8)	(182.9)	(202.5)	(207.7)
Other income 1	—	—	—	213.7	—
Income from operations	1,560.6	1,239.0	1,919.3	2,031.2	784.6
Interest and other, net	(12.1)	(9.8)	(10.5)	(12.2)	(15.6)
Income before income taxes	1,548.5	1,229.2	1,908.8	2,019.0	769.0
Benefit from (provision for) income taxes	(230.3)	(204.2)	(270.9)	(316.0)	(114.4)
Income after income taxes	1,318.2	1,025.0	1,637.9	1,703.0	654.6
Profit related to equity method investments	13.2	13.2	102.3	70.4	40.7
Net income	1,331.4	1,038.2	1,740.2	1,773.4	695.3
Basic net income per ordinary share	3.21	2.52	4.27	4.39	1.73
Diluted net income per ordinary share	3.20	2.52	4.26	4.38	1.73
Weighted average number of ordinary shares used in computing per share amounts (in millions):
Basic	415.3	411.5	407.9	404.3	401.1
Diluted	415.8	412.0	408.6	405.0	401.5

All values are in Euros.

ASML - Quarterly Summary Ratios and other data

	Apr 4,		Jul 4,		Oct 3,		Dec 31,		Apr 3,
(unaudited, in millions €, except otherwise indicated)	2021		2021		2021		2021		2022
Gross profit as a percentage of net sales	53.9	%	50.9	%	51.7	%	54.2	%	49.0	%
Income from operations as a percentage of net sales	35.8	%	30.8	%	36.6	%	40.7	%	22.2	%
Net income as a percentage of net sales	30.5	%	25.8	%	33.2	%	35.6	%	19.7	%
Income taxes as a percentage of income before income taxes	14.9	%	16.6	%	14.2	%	15.7	%	14.9	%
Shareholders’ equity as a percentage of total assets	50.1	%	43.5	%	42.1	%	33.5	%	29.1	%
Sales of lithography systems (in units) 2	76		72		79		82		62
Value of booked systems (EUR millions) 3	4,740		8,271		6,179		7,050		6,977
Net bookings lithography systems (in units) 2, 3	120		167		178		191		162
Number of payroll employees in FTEs	27,248		27,777		29,025		29,861		30,861
Number of temporary employees in FTEs	1,561		1,609		1,659		2,155		2,329

Other income includes the gain on sale of Berliner Glas subsidiaries.
Lithography systems do not include metrology and inspection systems.
Our systems net bookings include all system sales orders for which written authorizations have been accepted.

ASML - Quarterly Summary US GAAP Consolidated Balance Sheets

	Apr 4,	Jul 4,	Oct 3,	Dec 31,	Apr 3,
(unaudited, in millions €)	2021	2021	2021	2021	2022
ASSETS
Cash and cash equivalents	3,243.8	5,186.6	4,318.7	6,951.8	4,324.1
Short-term investments	1,411.6	186.7	137.0	638.5	398.5
Accounts receivable, net	2,239.2	2,782.0	3,383.3	3,028.0	3,494.6
Finance receivables, net	2,218.6	1,637.4	1,185.9	1,185.6	1,267.6
Current tax assets	809.7	608.2	289.5	42.0	811.0
Contract assets	107.4	178.9	272.0	164.6	371.3
Inventories, net	4,748.1	5,086.3	4,944.2	5,179.2	6,073.5
Other assets	915.7	922.9	995.0	1,000.5	1,468.2
Held for sale assets	165.5	150.2	152.7	—	—
Total current assets	15,859.6	16,739.2	15,678.3	18,190.2	18,208.8
Finance receivables, net	66.6	6.2	139.0	383.0	191.5
Deferred tax assets	700.8	710.5	986.0	1,098.7	1,141.9
Other assets	1,313.4	1,016.4	1,120.9	1,011.4	934.2
Equity method investments	842.5	864.9	963.2	892.5	940.0
Goodwill	4,555.5	4,555.5	4,555.6	4,555.6	4,555.6
Other intangible assets, net	1,014.2	987.7	963.8	952.1	923.4
Property, plant and equipment, net	2,521.6	2,609.4	2,730.3	2,982.7	3,159.4
Right-of-use assets - Operating	179.7	161.8	155.0	159.5	172.5
Right-of-use assets - Finance	164.8	163.9	5.9	5.3	4.5
Total non-current assets	11,359.1	11,076.3	11,619.7	12,040.8	12,023.0
Total assets	27,218.7	27,815.5	27,298.0	30,231.0	30,231.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	6,829.1	8,707.5	9,114.7	12,298.0	13,612.8
Held for sale liabilities	47.2	46.6	47.9	—	—
Total current liabilities	6,876.3	8,754.1	9,162.6	12,298.0	13,612.8
Long-term debt	4,634.2	4,619.9	4,105.8	4,075.0	3,951.7
Deferred and other tax liabilities	245.2	247.7	282.6	240.6	262.2
Contract liabilities	1,583.2	1,860.2	2,001.7	3,225.7	3,292.2
Accrued and other liabilities	250.9	240.3	242.9	251.1	302.5
Total non-current liabilities	6,713.5	6,968.1	6,633.0	7,792.4	7,808.6
Total liabilities	13,589.8	15,722.2	15,795.6	20,090.4	21,421.4
Total shareholders’ equity	13,628.9	12,093.3	11,502.4	10,140.6	8,810.4
Total liabilities and shareholders’ equity	27,218.7	27,815.5	27,298.0	30,231.0	30,231.8

ASML - Quarterly Summary US GAAP Consolidated Statements of Cash Flows


	Apr 4,	Jul 4,	Oct 3,	Dec 31,	Apr 3,
(unaudited, in millions )	2021	2021	2021	2021	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	1,331.4	1,038.2	1,740.2	1,773.4	695.3
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	117.9	112.7	116.2	124.2	131.0
Impairment and loss (gain) on disposal	6.2	0.2	(39.8)	17.5	12.1
Share-based compensation expense	21.0	29.0	34.0	33.5	11.5
Gain on sale of subsidiaries	—	—	—	(213.7)	—
Inventory reserves	34.4	44.0	52.9	49.4	50.2
Deferred tax expense (benefit)	(35.8)	(7.5)	(270.1)	(106.2)	(39.7)
Equity method investments	(21.5)	(22.5)	(97.3)	91.4	(47.5)
Changes in assets and liabilities	(2,395.3)	2,374.8	265.5	4,647.5	(1,399.0)
Net cash provided by (used in) operating activities	(941.7)	3,568.9	1,801.6	6,417.0	(586.1)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(189.4)	(241.1)	(197.0)	(273.2)	(240.1)
Purchase of intangible assets	(7.9)	(6.3)	(7.9)	(17.5)	(11.5)
Purchase of short-term investments	(608.5)	—	(50.0)	(504.2)	(19.6)
Maturity of short-term investments	499.1	1,224.9	99.7	2.7	259.5
Loans issued and other investments	—	—	(124.4)	—	—
Proceeds from sale of subsidiaries (net of cash disposed)	—	12.9	—	316.1	—
Net cash provided by (used in) investing activities	(306.7)	990.4	(279.6)	(476.1)	(11.7)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid	—	(639.1)	—	(729.2)	—
Purchase of treasury shares	(1,567.6)	(1,983.9)	(2,401.6)	(2,607.2)	(2,038.2)
Net proceeds from issuance of shares	11.0	13.6	12.3	12.0	21.5
Repayment of debt and finance lease obligations	(3.6)	(3.2)	(2.6)	(2.6)	(13.5)
Net cash provided by (used in) financing activities	(1,560.2)	(2,612.6)	(2,391.9)	(3,327.0)	(2,030.2)
Net cash flows	(2,808.6)	1,946.7	(869.9)	2,613.9	(2,628.0)
Effect of changes in exchange rates on cash	3.0	(3.9)	2.0	19.2	0.3
Net increase (decrease) in cash and cash equivalents	(2,805.6)	1,942.8	(867.9)	2,633.1	(2,627.7)
Cash and cash equivalents at beginning of the period	6,049.4	3,243.8	5,186.6	4,318.7	6,951.8
Cash and cash equivalents at end of the period	3,243.8	5,186.6	4,318.7	6,951.8	4,324.1

All values are in Euros.

Notes to the Summary US GAAP Consolidated Financial Statements

Basis of preparation

The accompanying unaudited Summary Consolidated Financial Statements have been prepared in conformity with the accounting principles generally accepted in the United States of America ("US GAAP").

For further details on our annual disclosure requirements under US GAAP, including our significant accounting policies, these interim unaudited Summary Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes included within our 2021 Annual Report based on US GAAP, which is available on www.asml.com.

Forward Looking Statements