Cash flow KLA Corporation

Equities

KLAC

US4824801009

Semiconductor Equipment & Testing

Market Closed - Nasdaq Other stock markets 16:00:00 2024-09-13 EDT			5-day change	1st Jan Change
751.50 ^USD	+2.48%		+3.22%	+29.28%

09-12	UBS Lowers Price Target on KLA to $765 From $900, Maintains Neutral Rating	MT
09-11	Transcript : KLA Corporation Presents at Goldman Sachs Communacopia + Technology Conference 2024, Sep-11-2024 09:30 AM

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Published financial data: KLA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	5.81B	6.92B	9.21B	10.5B	9.81B
Total Revenues	5.81B	6.92B	9.21B	10.5B	9.81B
Cost of Goods Sold, Total	2.45B	2.77B	3.59B	4.22B	3.93B
Gross Profit	3.36B	4.15B	5.62B	6.28B	5.88B
Selling General & Admin Expenses, Total	736M	731M	863M	989M	972M
R&D Expenses	864M	928M	1.11B	1.3B	1.28B
Other Operating Expenses, Total	1.6B	1.66B	1.97B	2.29B	2.25B
Operating Income	1.76B	2.49B	3.65B	3.99B	3.63B
Interest Expense, Total	-160M	-157M	-160M	-297M	-311M
Interest And Investment Income	21.65M	8.93M	8.7M	74.1M	161M
Net Interest Expenses	-139M	-148M	-152M	-223M	-151M
Currency Exchange Gains (Loss)	-4.24M	-5M	-3.92M	-233K	7.27M
Other Non Operating Income (Expenses)	-16.66M	-4.18M	-6.5M	5.06M	-10.42M
EBT, Excl. Unusual Items	1.6B	2.33B	3.49B	3.77B	3.48B
Restructuring Charges	-	-	-	-	-70.47M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-257M	-	-	-	-193M
Gain (Loss) On Sale Of Investments	297K	26.97M	-306K	-986K	-103K
Gain (Loss) On Sale Of Assets	-1.9M	4.42M	-	29.69M	-
Asset Writedown	-	-	-	-	-26.4M
Other Unusual Items	-22.54M	-	-	-13.29M	-
EBT, Incl. Unusual Items	1.32B	2.36B	3.49B	3.79B	3.19B
Income Tax Expense	102M	283M	167M	402M	428M
Earnings From Continuing Operations	1.22B	2.08B	3.32B	3.39B	2.76B
Net Income to Company	1.22B	2.08B	3.32B	3.39B	2.76B
Minority Interest	1.76M	939K	-253K	-74K	-
Net Income - (IS)	1.22B	2.08B	3.32B	3.39B	2.76B
Net Income to Common Incl Extra Items	1.22B	2.08B	3.32B	3.39B	2.76B
Net Income to Common Excl. Extra Items	1.22B	2.08B	3.32B	3.39B	2.76B
Per Share Items
Net EPS - Basic	7.76	13.49	22.07	24.28	20.41
Basic EPS - Continuing Operations	7.76	13.49	22.07	24.28	20.41
Basic Weighted Average Shares Outstanding	157M	154M	150M	139M	135M
Net EPS - Diluted	7.7	13.37	21.92	24.15	20.28
Diluted EPS - Continuing Operations	7.7	13.37	21.92	24.15	20.28
Diluted Weighted Average Shares Outstanding	158M	155M	152M	140M	136M
Normalized Basic EPS	6.38	9.45	14.49	16.91	16.07
Normalized Diluted EPS	6.33	9.37	14.39	16.82	15.97
Dividend Per Share	3.3	3.6	4.2	5.2	5.65
Payout Ratio	42.93	26.91	19.22	21.63	27.99
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	2.11B	2.82B	4.01B	4.41B	4.04B
EBITA	1.98B	2.69B	3.88B	4.25B	3.87B
EBIT	1.76B	2.49B	3.65B	3.99B	3.63B
EBITDAR	2.14B	2.85B	4.05B	4.45B	4.09B
Total Revenues (As Reported)	5.81B	6.92B	9.21B	10.5B	9.81B
Effective Tax Rate - (Ratio)	7.72	11.99	4.79	10.6	13.42
Current Domestic Taxes	109M	208M	356M	568M	407M
Current Foreign Taxes	86.37M	121M	165M	189M	160M
Total Current Taxes	195M	329M	521M	757M	567M
Deferred Domestic Taxes	-27.92M	-33.14M	11.25M	-233M	-113M
Deferred Foreign Taxes	-65.42M	-12.48M	-365M	-122M	-25.42M
Total Deferred Taxes	-93.34M	-45.62M	-354M	-355M	-139M
Normalized Net Income	1B	1.46B	2.18B	2.36B	2.17B
Interest on Long-Term Debt	160M	-	160M	-	-
Non-Cash Pension Expense	1.83M	1.84M	2.57M	2.91M	2.36M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	864M	928M	1.11B	1.3B	1.28B
Net Rental Expense, Total	35.1M	38.9M	36.6M	41.8M	54.6M
Imputed Operating Lease Interest Expense	12.87M	13.76M	9.1M	15.47M	21.11M
Imputed Operating Lease Depreciation	22.23M	25.14M	27.5M	26.33M	33.49M
Stock-Based Comp., COGS (Total)	14.68M	17.36M	21.11M	29.1M	35.94M
Stock-Based Comp., R&D Exp. (Total)	23.53M	23.34M	27.62M	44.7M	60.12M
Stock-Based Comp., SG&A Exp. (Total)	73.17M	71.14M	78.19M	97.62M	117M
Total Stock-Based Compensation	111M	112M	127M	171M	213M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.23B	1.43B	1.58B	1.93B	1.98B
Short Term Investments	746M	1.06B	1.12B	1.32B	2.53B
Total Cash And Short Term Investments	1.98B	2.49B	2.71B	3.24B	4.5B
Accounts Receivable, Total	1.21B	1.4B	1.93B	1.87B	1.9B
Other Receivables	-	-	-	-	-
Total Receivables	1.21B	1.4B	1.93B	1.87B	1.9B
Inventory	1.31B	1.58B	2.15B	2.88B	3.03B
Prepaid Expenses	74.96M	76.65M	109M	121M	125M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	150M	153M	278M	260M	465M
Total Current Assets	4.72B	5.7B	7.17B	8.37B	10.03B
Gross Property Plant And Equipment	1.38B	1.59B	1.88B	2.35B	2.63B
Accumulated Depreciation	-755M	-822M	-905M	-1.11B	-1.28B
Net Property Plant And Equipment	621M	766M	976M	1.24B	1.34B
Goodwill	2.05B	2.01B	2.32B	2.28B	2.02B
Other Intangibles, Total	1.39B	1.19B	1.19B	935M	669M
Deferred Tax Assets Long-Term	237M	270M	579M	817M	915M
Other Long-Term Assets, Total	262M	342M	358M	429M	461M
Total Assets	9.28B	10.27B	12.6B	14.07B	15.43B
Liabilities
Accounts Payable, Total	264M	342M	443M	371M	359M
Accrued Expenses, Total	686M	791M	871M	734M	804M
Short-term Borrowings	-	20M	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	750M
Current Portion of Leases	28.99M	32.32M	32.22M	34.04M	36.39M
Current Income Taxes Payable	35.64M	87.32M	127M	383M	147M
Unearned Revenue Current, Total	570M	580M	883M	1.84B	2.13B
Other Current Liabilities	115M	251M	515M	383M	431M
Total Current Liabilities	1.7B	2.1B	2.87B	3.74B	4.66B
Long-Term Debt	3.47B	3.42B	6.66B	5.89B	5.88B
Long-Term Leases	70.88M	70.74M	81.37M	138M	153M
Unearned Revenue Non Current	96.32M	87.58M	125M	334M	394M
Pension & Other Post Retirement Benefits	78.91M	87.6M	78.52M	63.67M	51.78M
Deferred Tax Liability Non Current	661M	651M	659M	529M	487M
Other Non Current Liabilities	522M	473M	723M	454M	438M
Total Liabilities	6.6B	6.9B	11.2B	11.15B	12.07B
Common Stock, Total	155K	153K	142K	137K	134K
Additional Paid In Capital	2.09B	2.18B	1.06B	2.11B	2.28B
Retained Earnings	655M	1.28B	367M	848M	1.14B
Comprehensive Income and Other	-79.77M	-75.56M	-27.47M	-36.34M	-49.08M
Total Common Equity	2.67B	3.38B	1.4B	2.92B	3.37B
Minority Interest	15.59M	-1.91M	-2.26M	-	-
Total Equity	2.68B	3.38B	1.4B	2.92B	3.37B
Total Liabilities And Equity	9.28B	10.27B	12.6B	14.07B	15.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	153M	142M	137M	134M
ECS Total Common Shares Outstanding	155M	153M	142M	137M	134M
Book Value / Share	17.15	22.11	9.88	21.35	25.06
Tangible Book Value	-771M	181M	-2.11B	-294M	684M
Tangible Book Value Per Share	-4.96	1.19	-14.9	-2.15	5.09
Total Debt	3.57B	3.55B	6.77B	6.06B	6.82B
Net Debt	1.59B	1.05B	4.07B	2.82B	2.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	81.94M	89.58M	80.99M	67.21M	54.85M
Debt Equivalent Oper. Leases	281M	311M	293M	334M	437M
Minority Interest, Total (Incl. Fin. Div)	15.59M	-1.91M	-2.26M	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	479M	595M	1.04B	1.56B	1.49B
Inventories - Work In Process, Total	335M	453M	452M	579M	701M
Inventories - Finished Goods, Total	159M	177M	250M	215M	259M
Inventories - Others	339M	350M	402M	524M	590M
Land - (BS)	67.86M	67.86M	67.85M	72.29M	78.26M
Buildings, Total	405M	459M	713M	826M	920M
Machinery, Total	708M	777M	864M	1.07B	1.18B
Full Time Employees	10.6K	11.3K	14K	15K	15K
Part Time Employees	-	250	280	210	230
Accumulated Allowance for Doubtful Accounts (Supple)	11.82M	18.04M	20.63M	33.63M	32.78M
Order Backlog	2.13B	4.69B	13.11B	11.4B	9.83B

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	1.22B	2.08B	3.32B	3.39B	2.76B
Depreciation & Amortization - CF	127M	123M	134M	154M	162M
Amortization of Goodwill and Intangible Assets - (CF)	221M	206M	229M	261M	239M
Depreciation & Amortization, Total	348M	329M	363M	415M	402M
(Gain) Loss From Sale Of Asset	-	-4.42M	-	-29.69M	-
(Gain) Loss on Sale of Investments - (CF)	-	-26.72M	-	-	-
Asset Writedown & Restructuring Costs	270M	4.74M	5.96M	9.9M	301M
Stock-Based Compensation (CF)	111M	112M	127M	171M	213M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-79.99M	-64.82M	-200M	-294M	-167M
Change In Accounts Receivable	-118M	-203M	-510M	-48.53M	-80.89M
Change In Inventories	-74.82M	-270M	-567M	-749M	-164M
Change In Accounts Payable	61.14M	79.37M	102M	-145M	24.98M
Change in Unearned Revenues	80.47M	1.17M	343M	239M	537M
Change in Other Net Operating Assets	-35.8M	149M	327M	713M	-518M
Cash from Operations	1.78B	2.19B	3.31B	3.67B	3.31B
Capital Expenditure	-153M	-232M	-307M	-342M	-277M
Sale of Property, Plant, and Equipment	-	1.86M	27.66M	-	5.08M
Cash Acquisitions	-90.14M	-	-479M	-27.14M	-3.68M
Divestitures	-	16.83M	-	75.36M	-
Investment in Marketable and Equity Securities, Total	-21.5M	-291M	-113M	-182M	-1.19B
Other Investing Activities, Total	5.44M	3.45M	-4.9M	-7.08M	-13.08M
Cash from Investing	-259M	-500M	-876M	-483M	-1.48B
Long-Term Debt Issued, Total	1.19B	40.34M	3.84B	300M	735M
Total Debt Issued	1.19B	40.34M	3.84B	300M	735M
Long-Term Debt Repaid, Total	-1.17B	-70M	-620M	-1.09B	-
Total Debt Repaid	-1.17B	-70M	-620M	-1.09B	-
Issuance of Common Stock	75.63M	86.1M	113M	125M	145M
Repurchase of Common Stock	-875M	-995M	-4.05B	-1.41B	-1.88B
Common Dividends Paid	-522M	-559M	-639M	-733M	-773M
Common & Preferred Stock Dividends Paid	-522M	-559M	-639M	-733M	-773M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	1.7M	-	-902M	-28.66M	-4.18M
Cash from Financing	-1.3B	-1.5B	-2.26B	-2.83B	-1.78B
Foreign Exchange Rate Adjustments	-1.93M	13.46M	-28.94M	-13.99M	-6.31M
Net Change in Cash	218M	200M	150M	343M	49.26M
Supplemental Items
Cash Interest Paid	153M	154M	155M	224M	277M
Cash Income Tax Paid (Refund)	195M	326M	465M	495M	831M
Levered Free Cash Flow	1.29B	1.59B	1.89B	2.76B	2.18B
Unlevered Free Cash Flow	1.39B	1.69B	1.99B	2.94B	2.38B
Change In Net Working Capital	15.08M	78.54M	471M	-202M	233M
Net Debt Issued / Repaid	20.8M	-29.66M	3.22B	-787M	735M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	12.01	15.9	19.96	18.71	15.39
Return on Total Capital	17.78	23.6	30.24	29.08	23.69
Return On Equity %	45.35	68.6	139.15	156.86	87.85
Return on Common Equity	45.7	68.78	139.02	156.78	87.85
Margin Analysis
Gross Profit Margin %	57.81	59.93	61	59.81	59.97
SG&A Margin	12.68	10.57	9.36	9.42	9.9
EBITDA Margin %	36.25	40.7	43.58	41.99	41.12
EBITA Margin %	34.06	38.92	42.13	40.51	39.47
EBIT Margin %	30.26	35.94	39.64	38.03	37.03
Income From Continuing Operations Margin %	20.93	30.02	36.06	32.27	28.15
Net Income Margin %