KLAC FY 2017 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2017 Earnings

Reported August 4, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.0B	—	16.6%
Op. Income	$1.3B	—	$960M	—	32.9%
Gross Margin	63.0%	—	61.0%	—	2.0pp
Net Margin	26.6%	—	23.6%	—	3.0pp
EPS (Diluted)	$5.88	—	$4.49	—	31.0%
Free Cash Flow	$1.0B	—	$728M	—	43.0%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.2B
R&D Expenses	$527M
Selling & Marketing	$0
General & Administrative	$389M
SG&A Expenses	$389M
Other Expenses	-$3M
Operating Expenses	$916M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.3B
Interest Income	$23M
Interest Expense	$122M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$247M
Net Income from Continuing Ops	$926M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$926M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$926M
D&A	$52M
EBIT	$1.3B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.2B
R&D Expenses	$527M
Selling & Marketing	$0
General & Administrative	$389M
SG&A Expenses	$389M
Other Expenses	-$3M
Operating Expenses	$916M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.3B
Interest Income	$23M
Interest Expense	$122M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$247M
Net Income from Continuing Ops	$926M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$926M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$926M
D&A	$52M
EBIT	$1.3B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$926M
Depreciation & Amortization	$58M
Stock-Based Compensation	$51M
Deferred Income Tax	$4M
Other Non-Cash Items	-$4M
Change in Working Capital	$45M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$39M
Acquisitions (Net)	-$29M
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$561M
Net Debt Issuance	-$130M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$344M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	-$473M
FREE CASH FLOW	$1.0B
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$1.9B
Net Receivables	$571M
Inventory	$733M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$284M
Goodwill	$350M
Intangible Assets	$19M
Long-Term Investments	$0
Tax Assets	$292M
Other Non-Current Assets	$182M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$5.5B
Account Payables	$147M
Short-Term Debt	$250M
Deferred Revenue	$342M
Other Current Liabilities	$356M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.7B
Deferred Revenue NC	$60M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$172M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.2B
Common Stock	$157.0K
Additional Paid-In Capital	$529M
Retained Earnings	$848M
Treasury Stock	$0
Accum. Other Comp. Income	-$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$2.9B
Net Debt	$1.8B