KLAC FY 2022 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2022 Earnings

Reported August 5, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$9.2B	—	$6.9B	—	33.1%
Op. Income	$3.7B	—	$2.5B	—	46.8%
Gross Margin	61.0%	—	59.9%	—	1.1pp
Net Margin	36.1%	—	30.0%	—	6.0pp
EPS (Diluted)	$21.92	—	$13.37	—	63.9%
Free Cash Flow	$3.0B	—	$2.0B	—	53.9%

Revenue Flow

Item	Amount
REVENUE	$9.2B
Cost of Revenue	$3.6B
GROSS PROFIT	$5.6B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$860M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.7B
Interest Income	$9M
Interest Expense	$160M
Other Income/Expenses	-$165M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$167M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$363M
EBIT	$3.6B
EBITDA	$4.0B
EPS	$22
EPS Diluted	$22

Income Statement

Item	Amount
REVENUE	$9.2B
Cost of Revenue	$3.6B
GROSS PROFIT	$5.6B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$860M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.7B
Interest Income	$9M
Interest Expense	$160M
Other Income/Expenses	-$165M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$167M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$363M
EBIT	$3.6B
EBITDA	$4.0B
EPS	$22
EPS Diluted	$22

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$363M
Stock-Based Compensation	$127M
Deferred Income Tax	-$330M
Other Non-Cash Items	$135M
Change in Working Capital	-$305M
OPERATING CASH FLOW	$3.3B
Capital Expenditure	-$307M
Acquisitions (Net)	-$479M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$991M
Other Investing Activities	$28M
NET CASH FROM INVESTING	-$876M
Net Debt Issuance	$3.2B
Common Stock Repurchased	-$4.9B
Common Dividends Paid	-$639M
Other Financing Activities	-$86M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$3.0B
Net Change in Cash	$150M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$1.1B
Net Receivables	$2.0B
Inventory	$2.1B
Other Current Assets	$189M
TOTAL CURRENT ASSETS	$7.2B
PP&E (Net)	$976M
Goodwill	$2.3B
Intangible Assets	$1.2B
Long-Term Investments	$0
Tax Assets	$579M
Other Non-Current Assets	$358M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$12.6B
Account Payables	$443M
Short-Term Debt	$0
Deferred Revenue	$1.3B
Other Current Liabilities	$952M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$6.7B
Deferred Revenue NC	$330M
Deferred Tax Liabilities	$659M
Other Non-Current Liabilities	$596M
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$11.2B
Common Stock	$142.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$367M
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	-$2M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$12.6B
Total Debt	$6.8B
Net Debt	$5.2B