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10-Q Filing

KLA CORP CIK: 319201 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000319201-16-000104
Period End Date 20160930
Filing Date 20161020
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance klac-20160930.xml
Filing Contents
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $966.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $763.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $838.02M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $1.53B USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $1.38B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $654.70M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $613.23M USD Point-in-time
Inventories InventoryNet $698.63M USD Point-in-time
Inventories InventoryNet $703.26M USD Point-in-time
Other current assets OtherAssetsCurrent $64.87M USD Point-in-time
Other current assets OtherAssetsCurrent $76.58M USD Point-in-time
Total current assets AssetsCurrent $3.87B USD Point-in-time
Total current assets AssetsCurrent $3.93B USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $272.35M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $278.01M USD Point-in-time
Goodwill Goodwill $335.18M USD Point-in-time
Goodwill Goodwill $335.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $302.22M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $267.79M USD Point-in-time
Purchased intangibles, net IntangibleAssetsNetExcludingGoodwill $4.33M USD Point-in-time
Purchased intangibles, net IntangibleAssetsNetExcludingGoodwill $3.06M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $174.66M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $188.53M USD Point-in-time
Total assets Assets $5.00B USD Point-in-time
Total assets Assets $4.96B USD Point-in-time
Accounts payable AccountsPayableCurrent $105.07M USD Point-in-time
Accounts payable AccountsPayableCurrent $106.52M USD Point-in-time
Deferred system profit DeferredSystemProfit $174.55M USD Point-in-time
Deferred system profit DeferredSystemProfit $185.64M USD Point-in-time
Unearned revenue DeferredRevenueAndCreditsCurrent $59.15M USD Point-in-time
Unearned revenue DeferredRevenueAndCreditsCurrent $54.84M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $629.19M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $662.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $974.74M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.00B USD Point-in-time
Long-term debt UnsecuredLongTermDebt $3.06B USD Point-in-time
Long-term debt UnsecuredLongTermDebt $3.02B USD Point-in-time
Unearned revenue DeferredRevenueAndCreditsNoncurrent $56.34M USD Point-in-time
Unearned revenue DeferredRevenueAndCreditsNoncurrent $60.28M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $156.62M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $161.00M USD Point-in-time
Total liabilities Liabilities $4.27B USD Point-in-time
Total liabilities Liabilities $4.21B USD Point-in-time
Commitments and contingencies (Note 11 and Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11 and Note 12) CommitmentsAndContingencies - USD Point-in-time
Common stock and capital in excess of par value CommonStocksIncludingAdditionalPaidInCapital $447.02M USD Point-in-time
Common stock and capital in excess of par value CommonStocksIncludingAdditionalPaidInCapital $452.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $284.82M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $381.12M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-46.63M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-48.69M USD Point-in-time
Total stockholders equity StockholdersEquity $689.11M USD Point-in-time
Total stockholders equity StockholdersEquity $781.51M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $4.96B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.00B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Product SalesRevenueGoodsNet $460.74M USD 1 Quarter
Product SalesRevenueGoodsNet $561.75M USD 1 Quarter
Service SalesRevenueServicesNet $188.92M USD 1 Quarter
Service SalesRevenueServicesNet $181.91M USD 1 Quarter
Total revenues SalesRevenueNet $642.64M USD 1 Quarter
Total revenues SalesRevenueNet $750.67M USD 1 Quarter
Costs of revenues CostOfRevenue $270.24M USD 1 Quarter
Costs of revenues CostOfRevenue $277.84M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $129.23M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $119.94M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $94.39M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $91.66M USD 1 Quarter
Interest expense InterestExpense $30.56M USD 1 Quarter
Interest expense InterestExpense $30.73M USD 1 Quarter
Other expense (income), net InterestAndOtherIncome $4.07M USD 1 Quarter
Other expense (income), net InterestAndOtherIncome $3.74M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $134.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $222.22M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $29.40M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $44.12M USD 1 Quarter
Net income NetIncomeLoss $104.90M USD 1 Quarter
Net income NetIncomeLoss $178.10M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.14 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.67 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.13 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.66 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.52 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.52 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 156.13M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 156.82M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 157.02M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 157.98M shares 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $104.90M USD 1 Quarter
Net income NetIncomeLoss $178.10M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $19.73M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.42M USD 1 Quarter
Asset impairment charges CostmethodInvestmentsOtherThanTemporaryImpairment $358.00K USD 1 Quarter
Asset impairment charges CostmethodInvestmentsOtherThanTemporaryImpairment - USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $11.48M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $12.25M USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $10.16M USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Net gain on sales of marketable securities and other investments MarketableSecuritiesGainLoss $1.23M USD 1 Quarter
Net gain on sales of marketable securities and other investments MarketableSecuritiesGainLoss $204.00K USD 1 Quarter
Decrease (increase) in accounts receivable, net IncreaseDecreaseInAccountsReceivable $38.24M USD 1 Quarter
Decrease (increase) in accounts receivable, net IncreaseDecreaseInAccountsReceivable $-124.92M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $-1.19M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $31.24M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-19.48M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-34.38M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-1.55M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $4.16M USD 1 Quarter
Increase (decrease) in deferred system profit IncreaseDecreaseInDeferredSystemProfit $11.09M USD 1 Quarter
Increase (decrease) in deferred system profit IncreaseDecreaseInDeferredSystemProfit $-14.50M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-26.34M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-49.42M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $169.78M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $193.78M USD 1 Quarter
Acquisition of non-marketable securities PaymentsToAcquireInvestments $1.47M USD 1 Quarter
Acquisition of non-marketable securities PaymentsToAcquireInvestments - USD 1 Quarter
Capital expenditures, net PaymentsToAcquirePropertyPlantAndEquipment $7.34M USD 1 Quarter
Capital expenditures, net PaymentsToAcquirePropertyPlantAndEquipment $9.88M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $343.36M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $457.51M USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $200.35M USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $111.11M USD 1 Quarter
Proceeds from maturity of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $184.97M USD 1 Quarter
Proceeds from maturity of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $197.10M USD 1 Quarter
Purchases of trading securities PaymentsToAcquireOtherInvestments $18.27M USD 1 Quarter
Purchases of trading securities PaymentsToAcquireOtherInvestments $52.47M USD 1 Quarter
Proceeds from sale of trading securities ProceedsFromSaleAndMaturityOfMarketableSecurities $15.54M USD 1 Quarter
Proceeds from sale of trading securities ProceedsFromSaleAndMaturityOfMarketableSecurities $45.30M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-167.82M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $31.90M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $40.00M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $40.00M USD 1 Quarter
Tax withholding payments related to vested and released restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $21.53M USD 1 Quarter
Tax withholding payments related to vested and released restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $17.38M USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock $142.59M USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Payment of dividends to stockholders PaymentsOfDividends $101.67M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfDividends $89.31M USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $10.16M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-146.69M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-295.63M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $2.57M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-4.38M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-142.16M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-74.33M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $966.33M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $763.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $838.02M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $966.33M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $763.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $838.02M USD Point-in-time
Income taxes paid, net IncomeTaxesPaidNet $39.41M USD 1 Quarter
Income taxes paid, net IncomeTaxesPaidNet $7.84M USD 1 Quarter
Interest paid InterestPaidNet $3.24M USD 1 Quarter
Interest paid InterestPaidNet $3.15M USD 1 Quarter
Purchase of land, property and equipment - investing activities NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $1.49M USD 1 Quarter
Purchase of land, property and equipment - investing activities NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $1.97M USD 1 Quarter
Unsettled common stock repurchase - financing activities StockRepurchaseProgramUnsettledCommonStockRepurchase - USD 1 Quarter
Unsettled common stock repurchase - financing activities StockRepurchaseProgramUnsettledCommonStockRepurchase $9.61M USD 1 Quarter
Dividends payable - financing activities DividendsPayableCurrentAndNoncurrent $12.04M USD Point-in-time
Dividends payable - financing activities DividendsPayableCurrentAndNoncurrent $20.89M USD Point-in-time
Comprehensive Income 30 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $104.90M USD 1 Quarter
Net income NetIncomeLoss $178.10M USD 1 Quarter
Change in currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $3.92M USD 1 Quarter
Change in currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-6.12M USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-782.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $-1.38M USD 1 Quarter
Net change related to currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-4.74M USD 1 Quarter
Net change related to currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.71M USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-1.84M USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-1.86M USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-1.38M USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $402.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-814.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-165.00K USD 1 Quarter
Net change related to cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-294.00K USD 1 Quarter
Net change related to cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-1.45M USD 1 Quarter
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-245.00K USD 1 Quarter
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-230.00K USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $481.00K USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-2.88M USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $204.00K USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $17.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $69.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-476.00K USD 1 Quarter
Net change related to available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $395.00K USD 1 Quarter
Net change related to available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-2.60M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.05M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.56M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $180.15M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $99.33M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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