KLAC FY 2016 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2016 Earnings

Reported August 5, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.8B	—	6.1%
Op. Income	$960M	—	$661M	—	45.2%
Gross Margin	61.0%	—	56.8%	—	4.2pp
Net Margin	23.6%	—	13.0%	—	10.6pp
EPS (Diluted)	$4.49	—	$2.24	—	100.4%
Free Cash Flow	$728M	—	$560M	—	30.0%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.8B
R&D Expenses	$481M
Selling & Marketing	$0
General & Administrative	$379M
SG&A Expenses	$379M
Other Expenses	$7M
Operating Expenses	$861M
Cost & Expenses	$2.0B
OPERATING INCOME	$960M
Interest Income	$15M
Interest Expense	$123M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$858M
Income Tax Expense	$154M
Net Income from Continuing Ops	$704M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$704M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$704M
D&A	$67M
EBIT	$981M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.8B
R&D Expenses	$481M
Selling & Marketing	$0
General & Administrative	$379M
SG&A Expenses	$379M
Other Expenses	$7M
Operating Expenses	$861M
Cost & Expenses	$2.0B
OPERATING INCOME	$960M
Interest Income	$15M
Interest Expense	$123M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$858M
Income Tax Expense	$154M
Net Income from Continuing Ops	$704M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$704M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$704M
D&A	$67M
EBIT	$981M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$704M
Depreciation & Amortization	$67M
Stock-Based Compensation	$45M
Deferred Income Tax	$20M
Other Non-Cash Items	-$16M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$760M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$7M
NET CASH FROM INVESTING	$145M
Net Debt Issuance	-$135M
Common Stock Repurchased	-$182M
Common Dividends Paid	-$346M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$637M
FREE CASH FLOW	$728M
Net Change in Cash	$270M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$1.4B
Net Receivables	$631M
Inventory	$699M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$278M
Goodwill	$335M
Intangible Assets	$4M
Long-Term Investments	$0
Tax Assets	$302M
Other Non-Current Assets	$162M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$5.0B
Account Payables	$107M
Short-Term Debt	$0
Deferred Revenue	$316M
Other Current Liabilities	$387M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$3.1B
Deferred Revenue NC	$56M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$157M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$4.3B
Common Stock	$156.0K
Additional Paid-In Capital	$453M
Retained Earnings	$285M
Treasury Stock	$0
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$689M
Minority Interest	$0
TOTAL EQUITY	$689M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$3.1B
Net Debt	$1.9B