KLAC FY 2007 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2007 Earnings

Reported August 17, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.1B	—	31.9%
Op. Income	$590M	—	$310M	—	90.4%
Gross Margin	56.4%	—	54.5%	—	1.9pp
Net Margin	19.3%	—	18.4%	—	1.0pp
EPS (Diluted)	$2.61	—	$1.86	—	40.3%
Free Cash Flow	$527M	—	$241M	—	118.3%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.5B
R&D Expenses	$438M
Selling & Marketing	$0
General & Administrative	$514M
SG&A Expenses	$514M
Other Expenses	$0
Operating Expenses	$951M
Cost & Expenses	$2.1B
OPERATING INCOME	$590M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$87M
INCOME BEFORE TAX	$677M
Income Tax Expense	$151M
Net Income from Continuing Ops	$528M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$528M
D&A	$109M
EBIT	$590M
EBITDA	$699M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.5B
R&D Expenses	$438M
Selling & Marketing	$0
General & Administrative	$514M
SG&A Expenses	$514M
Other Expenses	$0
Operating Expenses	$951M
Cost & Expenses	$2.1B
OPERATING INCOME	$590M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$87M
INCOME BEFORE TAX	$677M
Income Tax Expense	$151M
Net Income from Continuing Ops	$528M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$528M
D&A	$109M
EBIT	$590M
EBITDA	$699M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$528M
Depreciation & Amortization	$109M
Stock-Based Compensation	$0
Deferred Income Tax	-$14M
Other Non-Cash Items	$160M
Change in Working Capital	-$173M
OPERATING CASH FLOW	$611M
Capital Expenditure	-$84M
Acquisitions (Net)	-$522M
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$3.5B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$399M
Net Debt Issuance	$0
Common Stock Repurchased	-$808M
Common Dividends Paid	-$95M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$633M
FREE CASH FLOW	$527M
Net Change in Cash	-$407M

Balance Sheet

Item	Amount
Cash & Equivalents	$723M
Short-Term Investments	$988M
Net Receivables	$582M
Inventory	$535M
Other Current Assets	$425M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$382M
Goodwill	$312M
Intangible Assets	$175M
Long-Term Investments	$0
Tax Assets	$309M
Other Non-Current Assets	$191M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$4.6B
Account Payables	$92M
Short-Term Debt	$0
Deferred Revenue	$254M
Other Current Liabilities	$467M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$68M
TOTAL NON-CURRENT LIABILITIES	$68M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$968M
Retained Earnings	$2.6B
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$0
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$0
Net Debt	-$723M