KLAC FY 2023 Earnings Report — KLA Corporation Revenue & Financial Results | Market Cap Arena

KLA CorporationKLAC

FY 2023 Earnings

Reported August 4, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$10.5B	—	$9.2B	—	13.9%
Op. Income	$4.0B	—	$3.7B	—	9.3%
Gross Margin	59.8%	—	61.0%	—	-1.2pp
Net Margin	32.3%	—	36.1%	—	-3.8pp
EPS (Diluted)	$24.15	—	$21.92	—	10.2%
Free Cash Flow	$3.3B	—	$3.0B	—	10.7%

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$4.2B
GROSS PROFIT	$6.3B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$986M
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$6.5B
OPERATING INCOME	$4.0B
Interest Income	$74M
Interest Expense	$297M
Other Income/Expenses	-$206M
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$402M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$415M
EBIT	$4.1B
EBITDA	$4.5B
EPS	$24
EPS Diluted	$24

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$4.2B
GROSS PROFIT	$6.3B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$986M
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$6.5B
OPERATING INCOME	$4.0B
Interest Income	$74M
Interest Expense	$297M
Other Income/Expenses	-$206M
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$402M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$415M
EBIT	$4.1B
EBITDA	$4.5B
EPS	$24
EPS Diluted	$24

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$415M
Stock-Based Compensation	$171M
Deferred Income Tax	-$298M
Other Non-Cash Items	-$16M
Change in Working Capital	$10M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$342M
Acquisitions (Net)	$44M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$487M
Net Debt Issuance	-$794M
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$733M
Other Financing Activities	-$113M
NET CASH FROM FINANCING	-$2.8B
FREE CASH FLOW	$3.3B
Net Change in Cash	$343M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$1.3B
Net Receivables	$1.9B
Inventory	$2.9B
Other Current Assets	$195M
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$1.2B
Goodwill	$2.3B
Intangible Assets	$935M
Long-Term Investments	$0
Tax Assets	$817M
Other Non-Current Assets	$429M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$14.1B
Account Payables	$371M
Short-Term Debt	$0
Deferred Revenue	$1.8B
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$5.9B
Deferred Revenue NC	$334M
Deferred Tax Liabilities	$529M
Other Non-Current Liabilities	$518M
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$11.2B
Common Stock	$137.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$848M
Treasury Stock	$0
Accum. Other Comp. Income	-$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$6.1B
Net Debt	$4.1B