KLAC FY 2011 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2011 Earnings

Reported August 5, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$3.2B	—	$1.8B	—	74.4%
Op. Income	$1.2B	—	$314M	—	269.3%
Gross Margin	60.3%	—	55.2%	—	5.1pp
Net Margin	25.0%	—	11.7%	—	13.4pp
EPS (Diluted)	$4.66	—	$1.23	—	278.9%
Free Cash Flow	$772M	—	$418M	—	84.9%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$386M
Selling & Marketing	$0
General & Administrative	$369M
SG&A Expenses	$369M
Other Expenses	$0
Operating Expenses	$756M
Cost & Expenses	$2.0B
OPERATING INCOME	$1.2B
Interest Income	$16M
Interest Expense	$54M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$316M
Net Income from Continuing Ops	$794M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$794M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$794M
D&A	$86M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$386M
Selling & Marketing	$0
General & Administrative	$369M
SG&A Expenses	$369M
Other Expenses	$0
Operating Expenses	$756M
Cost & Expenses	$2.0B
OPERATING INCOME	$1.2B
Interest Income	$16M
Interest Expense	$54M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$316M
Net Income from Continuing Ops	$794M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$794M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$794M
D&A	$86M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$794M
Depreciation & Amortization	$86M
Stock-Based Compensation	$81M
Deferred Income Tax	$65M
Other Non-Cash Items	$7M
Change in Working Capital	-$210M
OPERATING CASH FLOW	$823M
Capital Expenditure	-$51M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$879M
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$360M
Net Debt Issuance	$0
Common Stock Repurchased	-$235M
Common Dividends Paid	-$167M
Other Financing Activities	-$22M
NET CASH FROM FINANCING	-$300M
FREE CASH FLOW	$772M
Net Change in Cash	$181M

Balance Sheet

Item	Amount
Cash & Equivalents	$711M
Short-Term Investments	$1.3B
Net Receivables	$643M
Inventory	$576M
Other Current Assets	$357M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$257M
Goodwill	$328M
Intangible Assets	$86M
Long-Term Investments	-$174M
Tax Assets	$174M
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$1000M
TOTAL ASSETS	$4.7B
Account Payables	$143M
Short-Term Debt	$0
Deferred Revenue	$237M
Other Current Liabilities	$370M
TOTAL CURRENT LIABILITIES	$882M
Long-Term Debt	$746M
Deferred Revenue NC	$35M
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$155M
TOTAL NON-CURRENT LIABILITIES	$933M
TOTAL LIABILITIES	$1.8B
Common Stock	$167.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$746M
Net Debt	$35M