KLAC FY 2018 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2018 Earnings

Reported August 6, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.5B	—	16.0%
Op. Income	$1.5B	—	$1.3B	—	20.4%
Gross Margin	64.1%	—	63.0%	—	1.1pp
Net Margin	19.9%	—	26.6%	—	-6.7pp
EPS (Diluted)	$5.10	—	$5.88	—	-13.3%
Free Cash Flow	$1.2B	—	$1.0B	—	11.6%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.6B
R&D Expenses	$609M
Selling & Marketing	$0
General & Administrative	$443M
SG&A Expenses	$443M
Other Expenses	-$3M
Operating Expenses	$1.1B
Cost & Expenses	$2.5B
OPERATING INCOME	$1.5B
Interest Income	$37M
Interest Expense	$114M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$654M
Net Income from Continuing Ops	$802M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$802M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$802M
D&A	$63M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.6B
R&D Expenses	$609M
Selling & Marketing	$0
General & Administrative	$443M
SG&A Expenses	$443M
Other Expenses	-$3M
Operating Expenses	$1.1B
Cost & Expenses	$2.5B
OPERATING INCOME	$1.5B
Interest Income	$37M
Interest Expense	$114M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$654M
Net Income from Continuing Ops	$802M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$802M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$802M
D&A	$63M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$802M
Depreciation & Amortization	$63M
Stock-Based Compensation	$63M
Deferred Income Tax	$99M
Other Non-Cash Items	$10M
Change in Working Capital	$193M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$67M
Acquisitions (Net)	-$17M
Purchases of Investments	-$548M
Sales/Maturities of Investments	$924M
Other Investing Activities	$0
NET CASH FROM INVESTING	$292M
Net Debt Issuance	-$698M
Common Stock Repurchased	-$203M
Common Dividends Paid	-$402M
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.2B
Net Change in Cash	$251M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$1.5B
Net Receivables	$652M
Inventory	$932M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$286M
Goodwill	$355M
Intangible Assets	$19M
Long-Term Investments	$0
Tax Assets	$193M
Other Non-Current Assets	$197M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$5.6B
Account Payables	$169M
Short-Term Debt	$0
Deferred Revenue	$465M
Other Current Liabilities	$373M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.2B
Deferred Revenue NC	$72M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$493M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$4.0B
Common Stock	$156.0K
Additional Paid-In Capital	$618M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$2.2B
Net Debt	$833M