KLAC FY 2020 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2020 Earnings

Reported August 7, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.8B	—	$4.6B	—	27.1%
Op. Income	$1.8B	—	$1.4B	—	26.6%
Gross Margin	57.8%	—	59.1%	—	-1.3pp
Net Margin	21.0%	—	25.7%	—	-4.8pp
EPS (Diluted)	$7.70	—	$7.49	—	2.8%
Free Cash Flow	$1.6B	—	$1.0B	—	59.1%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.4B
R&D Expenses	$864M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$734M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.8B
Interest Income	$22M
Interest Expense	$160M
Other Income/Expenses	-$442M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$102M
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	$348M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.4B
R&D Expenses	$864M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$734M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.8B
Interest Income	$22M
Interest Expense	$160M
Other Income/Expenses	-$442M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$102M
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	$348M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$348M
Stock-Based Compensation	$111M
Deferred Income Tax	-$93M
Other Non-Cash Items	$285M
Change in Working Capital	-$87M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$153M
Acquisitions (Net)	-$90M
Purchases of Investments	-$909M
Sales/Maturities of Investments	$893M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$259M
Net Debt Issuance	$21M
Common Stock Repurchased	-$829M
Common Dividends Paid	-$522M
Other Financing Activities	-$45M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.6B
Net Change in Cash	$218M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$746M
Net Receivables	$1.3B
Inventory	$1.3B
Other Current Assets	$93M
TOTAL CURRENT ASSETS	$4.7B
PP&E (Net)	$621M
Goodwill	$2.0B
Intangible Assets	$1.4B
Long-Term Investments	$0
Tax Assets	$237M
Other Non-Current Assets	$262M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$9.3B
Account Payables	$264M
Short-Term Debt	$0
Deferred Revenue	$685M
Other Current Liabilities	$467M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$3.5B
Deferred Revenue NC	$96M
Deferred Tax Liabilities	$661M
Other Non-Current Liabilities	$601M
TOTAL NON-CURRENT LIABILITIES	$4.9B
TOTAL LIABILITIES	$6.6B
Common Stock	$155.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$655M
Treasury Stock	$0
Accum. Other Comp. Income	-$80M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$16M
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$9.3B
Total Debt	$3.6B
Net Debt	$2.3B