KLAC FY 2006 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2006 Earnings

Reported January 29, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.1B	—	—	—	—
Op. Income	$310M	—	—	—	—
Gross Margin	54.5%	—	—	—	—
Net Margin	18.4%	—	—	—	—
EPS (Diluted)	$1.86	—	—	—	—
Free Cash Flow	$241M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$942M
GROSS PROFIT	$1.1B
R&D Expenses	$394M
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$0
Operating Expenses	$819M
Cost & Expenses	$1.8B
OPERATING INCOME	$310M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$68M
INCOME BEFORE TAX	$378M
Income Tax Expense	-$2M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$380M
D&A	$69M
EBIT	$310M
EBITDA	$379M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$942M
GROSS PROFIT	$1.1B
R&D Expenses	$394M
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$0
Operating Expenses	$819M
Cost & Expenses	$1.8B
OPERATING INCOME	$310M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$68M
INCOME BEFORE TAX	$378M
Income Tax Expense	-$2M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$380M
D&A	$69M
EBIT	$310M
EBITDA	$379M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$380M
Depreciation & Amortization	$69M
Stock-Based Compensation	$0
Deferred Income Tax	-$134M
Other Non-Cash Items	$186M
Change in Working Capital	-$187M
OPERATING CASH FLOW	$315M
Capital Expenditure	-$74M
Acquisitions (Net)	-$8M
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$4.9B
Other Investing Activities	$0
NET CASH FROM INVESTING	$225M
Net Debt Issuance	$0
Common Stock Repurchased	-$221M
Common Dividends Paid	-$95M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$85M
FREE CASH FLOW	$241M
Net Change in Cash	$466M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$1.2B
Net Receivables	$440M
Inventory	$449M
Other Current Assets	$328M
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$395M
Goodwill	$70M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$392M
Other Non-Current Assets	$175M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$4.6B
Account Payables	$95M
Short-Term Debt	$0
Deferred Revenue	$81M
Other Current Liabilities	$685M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$1.0B
Common Stock	$0
Additional Paid-In Capital	$1.4B
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$5M
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$0
Net Debt	-$1.1B