KLAC FY 2012 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2012 Earnings

Reported August 6, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.2B	—	-0.1%
Op. Income	$1.0B	—	$1.2B	—	-12.4%
Gross Margin	58.1%	—	60.3%	—	-2.3pp
Net Margin	23.8%	—	25.0%	—	-1.2pp
EPS (Diluted)	$4.44	—	$4.66	—	-4.7%
Free Cash Flow	$884M	—	$772M	—	14.5%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.8B
R&D Expenses	$453M
Selling & Marketing	$0
General & Administrative	$373M
SG&A Expenses	$373M
Other Expenses	-$1M
Operating Expenses	$826M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.0B
Interest Income	$15M
Interest Expense	$42M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$974M
Income Tax Expense	$218M
Net Income from Continuing Ops	$756M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$756M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$756M
D&A	$92M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.8B
R&D Expenses	$453M
Selling & Marketing	$0
General & Administrative	$373M
SG&A Expenses	$373M
Other Expenses	-$1M
Operating Expenses	$826M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.0B
Interest Income	$15M
Interest Expense	$42M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$974M
Income Tax Expense	$218M
Net Income from Continuing Ops	$756M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$756M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$756M
D&A	$92M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$756M
Depreciation & Amortization	$92M
Stock-Based Compensation	$79M
Deferred Income Tax	$193M
Other Non-Cash Items	$2M
Change in Working Capital	-$181M
OPERATING CASH FLOW	$942M
Capital Expenditure	-$58M
Acquisitions (Net)	$0
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$529M
Net Debt Issuance	$0
Common Stock Repurchased	-$264M
Common Dividends Paid	-$234M
Other Financing Activities	-$30M
NET CASH FROM FINANCING	-$364M
FREE CASH FLOW	$884M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$751M
Short-Term Investments	$1.8B
Net Receivables	$724M
Inventory	$651M
Other Current Assets	$201M
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$278M
Goodwill	$328M
Intangible Assets	$56M
Long-Term Investments	-$129M
Tax Assets	$129M
Other Non-Current Assets	$146M
TOTAL NON-CURRENT ASSETS	$936M
TOTAL ASSETS	$5.1B
Account Payables	$139M
Short-Term Debt	$0
Deferred Revenue	$210M
Other Current Liabilities	$300M
TOTAL CURRENT LIABILITIES	$863M
Long-Term Debt	$747M
Deferred Revenue NC	$35M
Deferred Tax Liabilities	$51M
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$922M
TOTAL LIABILITIES	$1.8B
Common Stock	$167.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$0
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$747M
Net Debt	-$4M