KLA CORP

10-K & 10-Q Filings

KLA Corporation is a supplier of advanced process control and process-enabling solutions for the semiconductor industry and related electronics industries. The company enables innovation by helping manufacturers improve yields, reduce waste, and reduce costs. KLA was formed in 1997 through the merger of KLA Instruments Corporation and Tencor Instruments. The company is organized into three reportable segments: Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display and Component Inspection. KLA's business is focused on enabling technological advances and improving manufacturing yields in the semiconductor industry. The company invests significantly in product R&D to maintain its competitive position. KLA's largest customers include Taiwan Semiconductor Manufacturing Company Limited, Samsung Electronics Co., Ltd., and other leading semiconductor, semiconductor-related, and electronic device manufacturers in Asia, the U.S., and Europe. The company generates most of its revenues from product sales and related service contracts, primarily through its direct sales force. International sales accounted for approximately 88%, 90%, and 89% of total revenues in the fiscal years ended June 30, 2023, 2022, and 2021, respectively. KLA's website is www.kla.com, and its ticker symbol is KLAC.

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20239 mos ending Mar 31, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$3171.94
2842.78
2929.41
2814.05
2984.49
3480.01
4036.70
4568.90
5806.42
6918.73
9211.88
10496.06
8140.92
7243.51
11.49%-11.02%Cost of Revenue (-)
$1330.02
1237.45
1232.96
1215.23
1163.39
1287.55
1447.37
1869.38
2449.56
2772.16
3592.44
4218.31
3255.36
2917.52
11.06%-10.38%Gross Profit (+)
$1841.93
1605.33
1696.45
1598.82
1821.10
2192.47
2589.33
2699.53
3356.86
4146.57
5619.44
6277.75
4885.56
4325.99
11.79%-11.45%Selling, General & Administrative (-)
$372.67
387.81
384.91
406.86
379.40
389.34
443.43
599.12
734.15
729.60
860.01
986.33
735.47
714.40
9.25%-2.86%Research & Development (-)
$452.94
487.83
539.47
530.62
481.26
526.87
608.71
711.03
863.86
928.49
1105.25
1296.73
979.62
953.22
10.03%-2.69%Non-recurring Operating Expenses (-)
$
256.65
289.47
Operating Expenses (-)
$825.60
875.64
924.38
937.48
860.66
916.21
1052.14
1310.15
1854.66
1658.09
1965.26
2283.05
1715.09
1957.10
9.69%14.11%Costs & Expenses (Total) (-)
$2155.62
2113.10
2157.34
2273.91
2003.41
2184.29
2466.39
3148.07
4304.22
4430.25
5557.70
6501.36
4970.44
4874.62
10.56%-1.93%Operating Income/Loss (+)
$1016.33
729.68
772.07
540.14
981.08
1295.72
1570.31
1420.84
1502.20
2488.48
3654.18
3994.70
3170.47
2368.89
13.25%-25.28%Non-operating Income/Expense (+)
$
-25.22
29.30
-4.61
91.43
66.66
104.52
56.79%Interest Expense (-)
$54.20
54.18
53.81
106.01
122.89
122.48
114.38
124.60
160.27
157.33
160.34
296.94
223.45
228.42
16.72%2.22%Earnings before Tax (+)
$974.09
690.62
734.46
434.13
858.19
1173.25
1455.93
1296.23
1316.71
2360.45
3489.24
3789.19
3013.68
2244.99
13.14%-25.51%Tax Expense (-)
$218.08
147.47
151.71
67.97
153.77
247.17
653.67
121.21
101.69
283.10
167.18
401.84
310.99
319.54
5.71%2.75%Income/Loss (Continuing Operations) (+)
$756.02
543.15
582.75
366.16
704.42
926.08
802.26
1175.02
1215.03
2077.35
3322.06
3387.35
2702.70
1925.45
14.61%-28.76%Profit/Loss (+)
$
1175.02
1215.03
2077.35
3322.06
3387.35
2702.70
1925.45
-28.76%Net Income/Loss (NCI) (-)
$
-0.60
-1.76
-0.94
0.25
0.07
0.07
Net Income/Loss (+)
$756.01
543.15
582.75
366.16
704.42
926.08
802.26
1175.62
1216.79
2078.29
3321.81
3387.28
2702.62
1925.45
14.61%-28.76%Net Income/Loss (Common) (+)
$756.01
543.15
582.75
366.16
704.42
926.08
802.26
1175.62
1216.79
2078.29
3321.81
3387.28
2702.62
1925.45
14.61%-28.76%EPS (Basic)
$4.53
3.27
3.51
2.26
4.52
5.92
5.13
7.53
7.76
13.49
22.07
24.28
19.26
14.20
16.49%-26.27%EPS (Diluted)
$4.44
3.21
3.47
2.24
4.49
5.88
5.10
7.49
7.70
13.37
21.92
24.15
19.16
14.11
16.65%-26.36%Weighted Avg Shares (Basic)
166.79
166.09
166.02
162.28
155.87
156.47
156.35
156.05
156.80
154.09
150.49
139.48
140.35
135.64
-1.61%-3.36%Weighted Avg Shares (Diluted)
170.15
169.26
168.12
163.70
156.78
157.48
157.38
156.95
158.00
155.44
151.56
140.24
141.07
136.43
-1.74%-3.29%Cash
$751.29
985.39
630.86
838.02
1108.49
1153.05
1404.38
1015.99
1234.41
1434.61
1584.91
1927.87
1568.51
1848.17
8.94%17.83%Short-term Investments
$1783.15
1933.49
2521.78
1549.09
1382.81
1863.69
1475.94
723.39
746.06
Receivables
$701.28
524.61
492.86
585.49
613.23
571.12
651.68
990.11
1107.41
1305.48
1811.88
1753.36
1940.07
1625.26
8.69%-16.23%Inventory
$650.80
634.45
656.46
617.90
698.63
732.99
931.85
1262.50
1310.98
1575.38
2146.89
2876.78
2749.74
3007.05
14.47%9.36%Other Assets (Current)
$277.52
273.56
284.87
314.07
64.87
71.22
85.16
323.08
324.68
1380.78
1625.24
1814.02
1760.43
3047.61
18.61%73.12%Assets (Current)
$4164.04
4351.50
4586.83
3904.58
3868.03
4392.07
4549.00
4315.07
4723.55
5696.25
7168.91
8372.03
8018.75
9528.08
6.56%18.82%Property, Plant & Equipment (Net)
$277.69
305.28
330.26
314.59
278.01
283.98
286.31
448.80
519.82
663.03
849.93
1031.84
984.27
1106.28
12.67%12.40%Goodwill & Intangibles
$383.35
361.15
363.05
347.16
339.51
368.49
374.03
3772.53
3436.82
3196.48
3514.46
3214.12
3278.78
2743.33
21.33%-16.33%Other Assets
$275.23
269.42
258.52
259.69
476.88
487.64
410.02
472.11
599.78
715.37
1063.79
1454.36
1401.75
1579.60
16.34%12.69%Assets (Non-current)
$936.26
935.85
951.83
921.44
1094.40
1140.11
1070.36
4693.44
4556.41
4574.88
5428.18
5700.32
5664.80
5429.21
17.85%-4.16%Assets (Total)
$5100.31
5287.36
5538.66
4826.01
4962.43
5532.17
5619.36
9008.52
9279.96
10271.12
12597.09
14072.36
13683.55
14957.29
9.67%9.31%Accounts Payable
$139.18
115.68
103.42
103.34
106.52
147.38
169.35
202.42
264.28
342.08
443.34
371.03
410.88
354.72
9.32%-13.67%Debt (Current)
$
16.98
249.98
250.00
20.00
749.89
Other Liabilities (Current)
$723.72
745.85
792.19
881.44
895.91
895.80
1048.73
1316.07
1435.51
1741.14
2427.74
3371.82
3007.64
3353.93
15.01%11.51%Liabilities (Current)
$862.91
861.53
895.61
1001.76
1002.42
1293.16
1218.08
1768.49
1699.79
2103.23
2871.08
3742.84
3418.52
4458.54
14.27%30.42%Debt (Non-current)
$746.83
747.38
747.92
3173.43
3057.94
2680.47
2237.40
3173.38
3469.67
3422.77
6660.72
5890.74
5889.74
5879.02
20.65%-0.18%Other Liabilities
$174.97
196.30
225.79
229.38
212.96
232.12
543.36
1388.95
1429.49
1369.49
1666.20
1519.03
1692.51
1524.84
21.71%-9.91%Liabilities (Non-current)
$921.81
943.67
973.71
3402.81
3270.89
2912.59
2780.76
4562.34
4899.16
4792.26
8326.91
7409.76
7582.25
7403.87
20.86%-2.35%Liabilities (Total)
$1784.71
1805.20
1869.32
4404.57
4273.32
4205.76
3998.84
6330.82
6598.95
6895.48
11198.00
11152.60
11000.77
11862.40
18.13%7.83%Retained Earnings
$2247.26
2359.23
2479.11
-12.36
284.82
848.46
1056.44
714.83
654.93
1277.12
366.88
848.43
721.30
958.90
-8.47%32.94%AOCI
$-21.14
-36.65
-30.27
-40.57
-48.69
-51.32
-53.93
-73.03
-79.77
-75.56
-27.47
-36.34
-35.29
-41.52
-17.65%Shareholder's Equity
$3315.59
3482.15
3669.35
421.44
689.11
1326.42
1620.51
2677.69
2681.01
3375.64
1399.09
2919.75
2682.78
3094.89
-1.15%15.36%Liabilities & Equity
$5100.31
5287.36
5538.66
4826.01
4962.43
5532.17
5619.36
9008.52
9279.96
10271.12
12597.09
14072.36
13683.55
14957.29
9.67%9.31%Net Income/Loss
$756.01
543.15
582.75
366.16
704.42
926.08
802.26
1175.02
1215.03
2077.35
3322.06
3387.35
2702.70
1925.45
14.61%-28.76%Depreciation & Amortization
$92.13
87.53
83.07
80.54
66.93
57.84
62.68
233.22
348.05
333.33
363.34
415.11
310.30
300.73
14.67%-3.08%Increase/Decrease in Working Capital
$181.02
-224.21
-60.04
-11.88
60.08
-41.65
-201.43
680.58
108.88
243.31
222.61
-10.11
68.46
112.43
64.22%Share-based Compensation
$78.83
70.08
60.94
55.30
45.05
50.94
62.78
94.19
111.38
111.84
126.92
171.42
121.52
154.07
7.32%26.79%Adjustments to Reconcile Net Income
$185.60
370.04
196.13
239.75
55.27
153.59
426.86
-22.38
563.83
107.67
-9.36
282.45
7.99
490.51
3.89%6036.74%Net Cash (Operating)
$941.62
913.19
778.89
605.91
759.70
1079.66
1229.12
1152.63
1778.85
2185.03
3312.70
3669.80
2710.69
2415.96
13.16%-10.87%Capital Expenditure
$55.37
72.73
81.67
45.79
24.66
64.21
84.35
1948.78
242.82
212.94
758.77
293.38
214.69
215.24
16.37%0.26%Net Cash (Investing)
$-528.89
-241.45
-676.11
918.22
144.69
-560.89
291.62
-1180.98
-258.87
-500.40
-876.46
-482.57
-408.09
-1338.19
-227.92%Increase/Decrease in Debt
$
-916.12
-135.00
-130.00
-946.25
-2.47
-721.03
-70.00
255.00
-787.25
-787.25
Increase/Decrease in Equity
$-100.29
-147.13
-128.62
-555.88
-143.41
20.36
-141.72
-1030.37
-753.45
-852.51
-3854.79
-1193.53
-895.65
-1217.05
-35.88%Interest Expenses
$54.52
53.69
52.47
92.98
120.43
120.00
114.24
107.07
152.65
154.20
154.67
223.96
198.91
251.43
13.71%26.40%Dividends Paid
$233.56
265.89
298.87
3041.05
346.28
343.99
402.06
472.26
523.66
559.35
639.13
732.56
553.05
575.52
10.95%4.06%Net Cash (Financing)
$-364.10
-428.51
-458.89
-1302.97
-636.70
-472.81
-1270.10
-360.00
-1299.63
-1497.88
-2257.01
-2830.29
-2318.97
-1157.16
50.10%Cash Taxes Paid
$20.02
120.34
117.35
69.68
105.19
234.05
253.13
180.47
194.58
326.00
464.53
495.10
451.24
765.28
33.86%69.59%Effect of Exchange Rate
$-8.66
-9.13
1.58
-13.99
2.78
-1.41
0.70
-0.03
-1.93
13.46
-28.94
-13.99
-0.03
-0.31
-930.00%Increase/Decrease in Cash
$39.97
234.10
-354.53
207.16
270.46
44.56
251.33
-388.39
218.41
200.20
150.30
342.96
-16.39
-79.70
21.58%-386.11%Cash (Beginning)
$711.33
751.29
985.39
630.86
838.02
1108.49
1153.05
1404.38
1015.99
1234.41
1434.61
1584.91
1584.91
1927.87
7.55%21.64%Cash (Ending)
$751.29
985.39
630.86
838.02
1108.49
1153.05
1404.38
1015.99
1234.41
1434.61
1584.91
1927.87
1568.51
1848.17
8.94%17.83%NOPAT
$995.44
602.54
648.71
453.44
860.83
1037.24
1297.29
1223.02
1280.21
2144.80
3167.70
3472.74
2695.76
1561.37
12.03%-42.08%Gross Margin %
58.07%
56.47%
57.91%
56.82%
61.02%
63.00%
64.14%
59.08%
57.81%
59.93%
61.00%
59.81%
60.01%
59.72%
Operating Margin %
32.04%
25.67%
26.36%
19.19%
32.87%
37.23%
38.90%
31.10%
25.87%
35.97%
39.67%
38.06%
38.94%
32.70%
NOPAT Margin %
31.38%
21.20%
22.14%
16.11%
28.84%
29.81%
32.14%
26.77%
22.05%
31.00%
34.39%
33.09%
33.11%
21.56%
Net Margin %
23.83%
19.11%
19.89%
13.01%
23.60%
26.61%
19.87%
25.73%
20.96%
30.04%
36.06%
32.27%
33.20%
26.58%
Tax Rate %
2.06%
17.43%
15.98%
16.05%
12.26%
19.95%
17.39%
13.92%
14.78%
13.81%
13.31%
13.07%
14.97%
34.09%
ROA
19.52%
11.40%
11.71%
9.40%
17.35%
18.75%
23.09%
13.58%
13.80%
20.88%
25.15%
24.68%
19.70%
10.44%
ROE
30.02%
17.30%
17.68%
107.59%
124.92%
78.20%
80.05%
45.67%
47.75%
63.54%
226.41%
118.94%
100.48%
50.45%
ROIC
54.42%
37.17%
39.65%
28.30%
51.44%
60.68%
66.40%
20.15%
21.43%
34.48%
41.75%
44.13%
34.33%
21.76%
Asset Turnover
0.62
0.54
0.53
0.58
0.60
0.63
0.72
0.51
0.63
0.67
0.73
0.75
0.59
0.48
Inventory Turnover
2.04
1.95
1.88
1.97
1.67
1.76
1.55
1.48
1.87
1.76
1.67
1.47
1.18
0.97
Equity Multiplier
1.54
1.52
1.51
11.45
7.20
4.17
3.47
3.36
3.46
3.04
9.00
4.82
5.10
4.83
Current Ratio
4.83
5.05
5.12
3.90
3.86
3.40
3.73
2.44
2.78
2.71
2.50
2.24
2.35
2.14
Quick Ratio
3.75
4.00
4.07
2.97
3.10
2.77
2.90
1.54
1.82
1.30
1.18
0.98
1.03
0.78
Debt/Equity Ratio
0.23
0.21
0.20
7.57
4.44
2.21
1.38
1.28
1.29
1.02
4.76
2.02
2.20
2.14
Interest Coverage Ratio
18.64
13.59
14.71
5.81
8.15
10.80
13.75
13.27
9.84
16.14
23.63
17.84
15.94
9.42
Working Capital/Sales
0.37
0.34
0.32
0.33
0.35
0.30
0.32
0.40
0.35
0.34
0.35
0.35
0.44
0.46
R&D/Sales
0.14
0.17
0.18
0.19
0.16
0.15
0.15
0.16
0.15
0.13
0.12
0.12
0.12
0.13
Dividend Payout Ratio %
23.46%
44.13%
46.07%
670.66%
40.23%
33.16%
30.99%
38.61%
40.90%
26.08%
20.18%
21.09%
20.52%
36.86%
Total Payout
$388.38
466.72
479.97
4606.03
745.13
573.63
1604.28
1612.18
2150.79
1636.06
4393.60
2937.29
2434.85
2043.99
20.19%-16.05%Payout Ratio %
39.02%
77.46%
73.99%
1015.79%
86.56%
55.30%
123.66%
131.82%
168.00%
76.28%
138.70%
84.58%
90.32%
130.91%