ASML Holding NV Files 20-F for Fiscal Year Ended December 31, 2023

Ticker: ASMLF · Form: 20-F · Filed: Feb 14, 2024 · CIK: 937966

Asml Holding NV 20-F Filing Summary
FieldDetail
CompanyAsml Holding NV (ASMLF)
Form Type20-F
Filed DateFeb 14, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: ASML, 20-F, Annual Report, Semiconductor, Financials

TL;DR

<b>ASML Holding NV has submitted its 2023 annual report on Form 20-F, detailing its financial performance and business operations.</b>

AI Summary

ASML HOLDING NV (ASMLF) filed a Foreign Annual Report (20-F) with the SEC on February 14, 2024. ASML Holding NV filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business address is De Run 6501, Veldhoven, P7, 5504. The filing was made on February 14, 2024. ASML Holding NV is classified under SIC code 3559 (Special Industry Machinery, NEC).

Why It Matters

For investors and stakeholders tracking ASML HOLDING NV, this filing contains several important signals. This filing provides a comprehensive overview of ASML's financial health and strategic direction for the past fiscal year, crucial for investors and stakeholders to assess performance and future prospects. As a key player in the semiconductor industry, ASML's disclosures are vital for understanding supply chain dynamics and technological advancements in chip manufacturing.

Risk Assessment

Risk Level: medium — ASML HOLDING NV shows moderate risk based on this filing. The filing is a standard annual report, but the semiconductor industry is subject to rapid technological changes and geopolitical risks, which could impact ASML's future performance.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to understand ASML's operational performance and potential challenges in the evolving semiconductor market.

Key Numbers

  • 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
  • 2024-02-14 — Filing Date (FILED AS OF DATE)
  • 3559 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

  • ASML HOLDING NV (company) — COMPANY CONFORMED NAME
  • 0000937966 (company) — CENTRAL INDEX KEY
  • 3559 (company) — STANDARD INDUSTRIAL CLASSIFICATION
  • DE RUN 6501 (company) — BUSINESS ADDRESS STREET 1
  • Veldhoven (company) — BUSINESS ADDRESS CITY
  • 001-33463 (company) — SEC FILE NUMBER
  • 24631903 (company) — FILM NUMBER
  • 20231231 (date) — CONFORMED PERIOD OF REPORT

FAQ

When did ASML HOLDING NV file this 20-F?

ASML HOLDING NV filed this Foreign Annual Report (20-F) with the SEC on February 14, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by ASML HOLDING NV (ASMLF).

Where can I read the original 20-F filing from ASML HOLDING NV?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ASML HOLDING NV.

What are the key takeaways from ASML HOLDING NV's 20-F?

ASML HOLDING NV filed this 20-F on February 14, 2024. Key takeaways: ASML Holding NV filed its annual report on Form 20-F for the fiscal year ended December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal business address is De Run 6501, Veldhoven, P7, 5504..

Is ASML HOLDING NV a risky investment based on this filing?

Based on this 20-F, ASML HOLDING NV presents a moderate-risk profile. The filing is a standard annual report, but the semiconductor industry is subject to rapid technological changes and geopolitical risks, which could impact ASML's future performance.

What should investors do after reading ASML HOLDING NV's 20-F?

Investors should review the detailed financial statements and risk factors within the 20-F to understand ASML's operational performance and potential challenges in the evolving semiconductor market. The overall sentiment from this filing is neutral.

How does ASML HOLDING NV compare to its industry peers?

ASML Holding NV operates in the semiconductor equipment manufacturing industry, a critical sector for global technology and electronics production.

Are there regulatory concerns for ASML HOLDING NV?

As a foreign private issuer, ASML Holding NV files its annual report on Form 20-F, which is a comprehensive disclosure document required by the SEC.

Industry Context

ASML Holding NV operates in the semiconductor equipment manufacturing industry, a critical sector for global technology and electronics production.

Regulatory Implications

As a foreign private issuer, ASML Holding NV files its annual report on Form 20-F, which is a comprehensive disclosure document required by the SEC.

What Investors Should Do

  1. Review ASML's detailed financial statements for the fiscal year 2023.
  2. Analyze the risk factors section for potential business challenges and uncertainties.
  3. Compare ASML's performance and disclosures with industry peers.

Key Dates

  • 2024-02-14: Filing Date — Submission of the 2023 annual report on Form 20-F.
  • 2023-12-31: Fiscal Year End — End of the reporting period for the 20-F filing.

Year-Over-Year Comparison

This filing represents the annual disclosure for the fiscal year 2023, following previous filings for earlier periods.

Filing Stats: 4,572 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-02-14 06:09:17

Filing Documents

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes No Name and address of person authori zed to rec eive notices and communications from the Securities and Exchange Commission: James A. McDonald Skadden, Arps, Slate, Meagher & Flom (UK) LLP 22 Bishopsgate, London, England EC2N 4BQ We are over 42,400 individuals – thinkers, innovators, problem solvers, planners, movers and makers. As a team, working together with our partners and customers, we help feed the world's ever-growing demand for faster and more efficient microchips. We create impact by pushing technology to new limits, unlocking the potential of society and enabling people to tackle some of humanity's biggest challenges. Together we create impact. Delivering for our customers Embracing change, driving innovation A sustainability mindset Making a difference Helping our teams thrive Working together, growing together Impact through collaboration See page 18 > See page 35 > See page 89 > See page 105 > See page 124 > See page 135 > See page 144 > ASML ANNUAL REPORT 2023 SMALL PATTERNS. BIG IMPACT. STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIALS 2 Together we create impact Throughout this year's report we feature ASML colleagues and look at the impact they are having on ASML and society. 18 Delivering for our customers 35 Embracing change, driving innovation 89 A sustainability mindset 105 Making a difference 124 Helping our teams thrive 135 Working together, growing together 144 Impact through collaboration View our Highlights online > Our 2023 online report highlights key information from this pdf with additional links to relevant information on our corporate website. 4

Forward-looking statements

Forward-looking statements 5 Message from the CEO 8 At a glance 11 Our unique offer 13 Our products and services 20 Q&A with the CTO 22 Innovation 24 Marketplace 30 Our business strategy 32 Our business model 40 Q&A with the CFO Financial performance 43 Performance KPIs 48 Long-term growth opportunities Risk 50 How we manage risk 55

Risk factors

Risk factors 68 Q&A with the CBO Environmental, social and governance 71 Our material ESG sustainability topics 74 Contributing to the UN Sustainable Development Goals Environmental 76 Energy efficiency and climate action 91 Circular economy 103 Water management Social 107 Attractive workplace for all 126 Responsible supply chain 137 Innovation ecosystem 146 Valued partner in our communities Governance 156 ESG integrated governance 174 Transparent reporting Corporate Governance 180 Board of Management 182 Supervisory Board 185 Other Board-related matters 188 AGM and share capital 193 Financial reporting and audit 195 Compliance with Corporate Governance requirements Supervisory Board Report 196 Message from the Chair of the Supervisory Board 198 Supervisory Board focus in 2023 202 Meetings and attendance 206 Supervisory Board committees 216

Financial statements and Profit Allocation

Financial statements and Profit Allocation Remuneration Report 217 Message from the Chair of the Remuneration Committee 219 Remuneration at a glance 221 Remuneration Committee 224 Board of Management remuneration 240 Supervisory Board remuneration Consolidated Financial Statements 246 Report of Independent Registered Public Accounting Firm 248 Consolidated Statements of Operations 249 Consolidated Statements of Comprehensive Income 250 Consolidated Balance Sheets 251 Consolidated Statements of Shareholders' Equity 253 Consolidated Statements of Cash Flows 254 Notes to the Consolidated

Financial Statements

Financial Statements Non-financial Statements 298 Assurance Report of the Independent Auditor 300 About the non-financial information 307 Non-financial indicators 327 Other appendices 347 Definitions 355 Exhibit index ASML ANNUAL REPORT 2023 CONTENTS STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIALS 3 Contents STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIALS & NON-FINANCIALS A definition or explanation of abbreviations, technical terms and other terms used throughout this Annual Report can be found in the Definitions section. In some cases, numbers have been rounded for readers' convenience. This report comprises regulated information within the meaning of articles 1:1 and 5:25c of the Dutch Financial Markets Supervision Act (Wet op het Financieel Toezicht). In this report the name ASML' is sometimes used for convenience in contexts where reference is made to ASML Holding NV and/or any of its subsidiaries, as the context may require. References to our website and/or video presentations in this Annual Report are for reference only and none nor any portion thereof are incorporated by reference in this report. 2024, ASML Holding NV All Rights Reserved. This Annual Report contains statements relating to our business, expected results, business and industry trends and other matters that are "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995.You can generally identify these statements by the use of words like " may", "will", "opportunity", "potential", "could", "should", "project", "believe", "anticipate", "expect", "plan", "estimate", "forecast", "model", "aim", "seek", "intend", "continue", "target", "future", "progress", "goal" and variations of these words or comparable words. They appear in a number of places throughout this Annual Report and include statements with respect to expected trends, plans, expectations, strategies, priorities, goal

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIALS 4 Special note regarding forward-looking statements Dear St akeholder , In last year's message, I wrote that I expected 202 3 to yet again see us break records – and ASM L's performance has fully justified that confidence . We have grown sales by 30% to 27.6 billion and lifted our gross margin to 51.3% . We returned 3.3 billion to shareholders through a combination of dividends and share buybacks. At the end of 2023, we finished with a backlog of 39.0 billion and we anticipate that with our sustained focus on technology innovation, we will continue to br eak new ground – not only in terms of technological development, but also in how we manage the environmental impact of our products and services. This stellar performance has been achieved against a backdrop of what turned out to be a real downturn in the semiconductor industry instead of the mild and short-term correction that many had forecast. In addition, we had to manage uncertainties created by geopolitical challenges including the US and Dutch governments' export contro l regulations, and global macro concerns around inflation, rising interest rates and lower GDP growth in certain economies. There have also been other uncertainties at play, driven by the ongoing war in Ukraine as well as the more recent conflict in the Middle East. These have inevitably dented confidence and reduced investment by our customers . In 2023, demand for our DUV systems continued to be s trong, particularly in China . During the previous two years, our Chinese customers had received significantly fewer systems than they had ordered, due to global demand for our sy stems exceeding supply. However, the shifts in demand timing from other customers that we experienced in 2023 meant that we had the opportunity to back fill these orders for mature and mid- critical nodes to China, while of course complying

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