KLAC FY 2010 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2010 Earnings

Reported August 5, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	19.8%
Op. Income	$314M	—	-$578M	—	154.4%
Gross Margin	55.2%	—	43.1%	—	12.1pp
Net Margin	11.7%	—	-34.4%	—	46.1pp
EPS (Diluted)	$1.23	—	$-3.07	—	140.1%
Free Cash Flow	$418M	—	$173M	—	140.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$816M
GROSS PROFIT	$1.0B
R&D Expenses	$330M
Selling & Marketing	$0
General & Administrative	$361M
SG&A Expenses	$361M
Other Expenses	$0
Operating Expenses	$691M
Cost & Expenses	$1.5B
OPERATING INCOME	$314M
Interest Income	$18M
Interest Expense	$55M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$291M
Income Tax Expense	$79M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$212M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$212M
D&A	$87M
EBIT	$346M
EBITDA	$433M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$816M
GROSS PROFIT	$1.0B
R&D Expenses	$330M
Selling & Marketing	$0
General & Administrative	$361M
SG&A Expenses	$361M
Other Expenses	$0
Operating Expenses	$691M
Cost & Expenses	$1.5B
OPERATING INCOME	$314M
Interest Income	$18M
Interest Expense	$55M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$291M
Income Tax Expense	$79M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$212M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$212M
D&A	$87M
EBIT	$346M
EBITDA	$433M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$212M
Depreciation & Amortization	$87M
Stock-Based Compensation	$86M
Deferred Income Tax	-$25M
Other Non-Cash Items	$4M
Change in Working Capital	$83M
OPERATING CASH FLOW	$448M
Capital Expenditure	-$30M
Acquisitions (Net)	-$2M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$956M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$228M
Net Debt Issuance	$0
Common Stock Repurchased	-$136M
Common Dividends Paid	-$102M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$216M
FREE CASH FLOW	$418M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$530M
Short-Term Investments	$1.0B
Net Receivables	$488M
Inventory	$402M
Other Current Assets	$373M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$237M
Goodwill	$328M
Intangible Assets	$117M
Long-Term Investments	-$329M
Tax Assets	$329M
Other Non-Current Assets	$145M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$3.9B
Account Payables	$108M
Short-Term Debt	$0
Deferred Revenue	$205M
Other Current Liabilities	$327M
TOTAL CURRENT LIABILITIES	$772M
Long-Term Debt	$746M
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$53M
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$889M
TOTAL LIABILITIES	$1.7B
Common Stock	$168.0K
Additional Paid-In Capital	$921M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$746M
Net Debt	$216M