KLAC FY 2019 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2019 Earnings

Reported August 16, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.6B	—	$4.0B	—	13.2%
Op. Income	$1.4B	—	$1.5B	—	-9.6%
Gross Margin	59.1%	—	64.1%	—	-5.1pp
Net Margin	25.7%	—	19.9%	—	5.9pp
EPS (Diluted)	$7.49	—	$5.10	—	46.9%
Free Cash Flow	$1.0B	—	$1.2B	—	-12.0%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.7B
R&D Expenses	$711M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$599M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.4B
Interest Income	$40M
Interest Expense	$125M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$121M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$233M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.7B
R&D Expenses	$711M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$599M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.4B
Interest Income	$40M
Interest Expense	$125M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$121M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$233M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$233M
Stock-Based Compensation	$94M
Deferred Income Tax	-$28M
Other Non-Cash Items	$4M
Change in Working Capital	-$326M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$130M
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$163M
Sales/Maturities of Investments	$931M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$472M
Other Financing Activities	-$39M
NET CASH FROM FINANCING	-$360M
FREE CASH FLOW	$1.0B
Net Change in Cash	-$388M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$723M
Net Receivables	$1.1B
Inventory	$1.3B
Other Current Assets	$89M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$449M
Goodwill	$2.2B
Intangible Assets	$1.6B
Long-Term Investments	$0
Tax Assets	$206M
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$9.0B
Account Payables	$202M
Short-Term Debt	$250M
Deferred Revenue	$623M
Other Current Liabilities	$435M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$3.2B
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$702M
Other Non-Current Liabilities	$588M
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$6.3B
Common Stock	$159.0K
Additional Paid-In Capital	$2.0B
Retained Earnings	$715M
Treasury Stock	$0
Accum. Other Comp. Income	-$73M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$19M
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$3.4B
Net Debt	$2.4B