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10-Q Filing

KLA CORP CIK: 319201 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000319201-18-000055
Period End Date 20180930
Filing Date 20181031
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance klac-20180930.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.32B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.40B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.65B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.15B USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $1.13B USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $1.48B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $602.21M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $651.68M USD Point-in-time
Inventories InventoryNet $993.53M USD Point-in-time
Inventories InventoryNet $931.85M USD Point-in-time
Other current assets OtherAssetsCurrent $145.00M USD Point-in-time
Other current assets OtherAssetsCurrent $85.16M USD Point-in-time
Total current assets AssetsCurrent $4.55B USD Point-in-time
Total current assets AssetsCurrent $4.52B USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $286.31M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $291.23M USD Point-in-time
Goodwill Goodwill $360.43M USD Point-in-time
Goodwill Goodwill $354.70M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $193.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $222.11M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $25.13M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $19.33M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $225.17M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $216.82M USD Point-in-time
Total assets Assets $5.65B USD Point-in-time
Total assets Assets $5.62B USD Point-in-time
Accounts payable AccountsPayableCurrent $169.35M USD Point-in-time
Accounts payable AccountsPayableCurrent $154.93M USD Point-in-time
Deferred system revenue ContractWithCustomerLiabilityCurrentSystemRevenue $216.43M USD Point-in-time
Deferred system revenue ContractWithCustomerLiabilityCurrentSystemRevenue - USD Point-in-time
Deferred service revenue ContractWithCustomerLiabilityCurrentServiceRevenue $166.25M USD Point-in-time
Deferred service revenue ContractWithCustomerLiabilityCurrentServiceRevenue $69.25M USD Point-in-time
Deferred system profit ContractWithCustomerLiabilityCurrentSystemProfit $279.58M USD Point-in-time
Deferred system profit ContractWithCustomerLiabilityCurrentSystemProfit - USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $773.32M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $699.89M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.22B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.31B USD Point-in-time
Long-term debt UnsecuredLongTermDebt $2.24B USD Point-in-time
Long-term debt UnsecuredLongTermDebt $2.24B USD Point-in-time
Deferred service revenue ContractWithCustomerLiabilityNoncurrent $80.94M USD Point-in-time
Deferred service revenue ContractWithCustomerLiabilityNoncurrent $72.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $471.36M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $447.98M USD Point-in-time
Total liabilities Liabilities $4.00B USD Point-in-time
Total liabilities Liabilities $4.08B USD Point-in-time
Commitments and contingencies (Note 13 and Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13 and Note 14) CommitmentsAndContingencies - USD Point-in-time
Common stock and capital in excess of par value CommonStocksIncludingAdditionalPaidInCapital $596.17M USD Point-in-time
Common stock and capital in excess of par value CommonStocksIncludingAdditionalPaidInCapital $618.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.06B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.03B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-56.17M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-53.93M USD Point-in-time
Total stockholders equity StockholdersEquity $1.57B USD Point-in-time
Total stockholders equity StockholdersEquity $1.62B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.62B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.65B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.09B USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $969.58M USD 1 Quarter
Costs of revenues CostOfRevenue $381.39M USD 1 Quarter
Costs of revenues CostOfRevenue $353.12M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $146.69M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $153.53M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $114.44M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $107.43M USD 1 Quarter
Interest expense InterestExpense $30.58M USD 1 Quarter
Interest expense InterestExpense $26.36M USD 1 Quarter
Other expense (income), net InterestAndOtherIncome $10.03M USD 1 Quarter
Other expense (income), net InterestAndOtherIncome $4.38M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $336.15M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $427.57M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $31.62M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $55.22M USD 1 Quarter
Net income NetIncomeLoss $395.94M USD 1 Quarter
Net income NetIncomeLoss $280.94M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.79 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.55 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.54 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.78 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.75 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.59 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 155.22M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 156.83M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 157.85M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 156.08M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $395.94M USD 1 Quarter
Net income NetIncomeLoss $280.94M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $16.09M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.28M USD 1 Quarter
(Gain) loss on unrealized foreign exchange ForeignCurrencyTransactionGainLossUnrealized $-3.00M USD 1 Quarter
(Gain) loss on unrealized foreign exchange ForeignCurrencyTransactionGainLossUnrealized $-2.29M USD 1 Quarter
Other OtherGainLoss $-890.00K USD 1 Quarter
Other OtherGainLoss $-980.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $14.03M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $16.14M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-36.08M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $95.62M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $55.74M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $20.19M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $4.22M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $16.85M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-8.88M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-14.77M USD 1 Quarter
Deferred system revenue IncreaseDecreaseInContractWithCustomerLiabilitySystemRevenue $-79.81M USD 1 Quarter
Deferred system revenue IncreaseDecreaseInContractWithCustomerLiabilitySystemRevenue - USD 1 Quarter
Deferred service revenue IncreaseDecreaseInContractWithCustomerLiabilityServiceRevenue - USD 1 Quarter
Deferred service revenue IncreaseDecreaseInContractWithCustomerLiabilityServiceRevenue $-13.32M USD 1 Quarter
Deferred system profit IncreaseDecreaseInContractWithCustomerLiabilitySystemProfit $28.41M USD 1 Quarter
Deferred system profit IncreaseDecreaseInContractWithCustomerLiabilitySystemProfit - USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $93.75M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $160.62M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $373.63M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $381.40M USD 1 Quarter
Acquisition of a business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $710.00K USD 1 Quarter
Acquisition of a business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $11.79M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $15.76M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $22.33M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $191.74M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt - USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $91.24M USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $50.09M USD 1 Quarter
Proceeds from maturity of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $268.67M USD 1 Quarter
Proceeds from maturity of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $254.76M USD 1 Quarter
Purchases of trading securities PaymentsToAcquireOtherInvestments $4.62M USD 1 Quarter
Purchases of trading securities PaymentsToAcquireOtherInvestments $11.88M USD 1 Quarter
Proceeds from sale of trading securities ProceedsFromSaleAndMaturityOfMarketableSecurities $7.61M USD 1 Quarter
Proceeds from sale of trading securities ProceedsFromSaleAndMaturityOfMarketableSecurities $14.32M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $314.87M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $112.99M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $156.25M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt - USD 1 Quarter
Tax withholding payments related to vested and released restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $23.63M USD 1 Quarter
Tax withholding payments related to vested and released restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $26.96M USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock $299.97M USD 1 Quarter
Common stock repurchases PaymentsForRepurchaseOfCommonStock $39.93M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfDividends $100.33M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfDividends $122.76M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-449.69M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-320.13M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.16M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.45M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $167.65M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $245.13M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.32B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.40B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.65B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.15B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.32B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.40B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.65B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.15B USD Point-in-time
Income taxes paid IncomeTaxesPaid $24.96M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $23.86M USD 1 Quarter
Interest paid InterestPaidNet $3.00M USD 1 Quarter
Interest paid InterestPaidNet $537.00K USD 1 Quarter
Business acquisition holdback amounts - investing activities NoncashOrPartNoncashAcquisitionHoldbackConsiderationPayable $4.78M USD 1 Quarter
Business acquisition holdback amounts - investing activities NoncashOrPartNoncashAcquisitionHoldbackConsiderationPayable $440.00K USD 1 Quarter
Contingent consideration payable - financing activities NoncashOrPartNoncashAcquisitionContingentConsiderationPayable $3.10M USD 1 Quarter
Contingent consideration payable - financing activities NoncashOrPartNoncashAcquisitionContingentConsiderationPayable - USD 1 Quarter
Accrued purchases of land, property and equipment - investing activities NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $4.73M USD 1 Quarter
Accrued purchases of land, property and equipment - investing activities NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $9.24M USD 1 Quarter
Unsettled common stock repurchase - financing activities StockRepurchaseProgramUnsettledCommonStockRepurchase $848.00K USD 1 Quarter
Unsettled common stock repurchase - financing activities StockRepurchaseProgramUnsettledCommonStockRepurchase $7.81M USD 1 Quarter
Dividends payable - financing activities DividendsPayableCurrentAndNoncurrent $7.01M USD Point-in-time
Dividends payable - financing activities DividendsPayableCurrentAndNoncurrent $4.78M USD Point-in-time
Comprehensive Income 30 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $395.94M USD 1 Quarter
Net income NetIncomeLoss $280.94M USD 1 Quarter
Change in currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $1.56M USD 1 Quarter
Change in currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-3.08M USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent - USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent $503.00K USD 1 Quarter
Net change related to currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.05M USD 1 Quarter
Net change related to currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-3.08M USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $444.00K USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $13.79M USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $2.12M USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $1.04M USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $3.29M USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-598.00K USD 1 Quarter
Net change related to cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-1.08M USD 1 Quarter
Net change related to cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $9.46M USD 1 Quarter
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $34.00K USD 1 Quarter
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-142.00K USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $2.11M USD 1 Quarter
Change in net unrealized gains or losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $667.00K USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-481.00K USD 1 Quarter
Reclassification adjustments for net gains or losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $6.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $502.00K USD 1 Quarter
Change in income tax benefit or expense OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $64.00K USD 1 Quarter
Net change related to available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $597.00K USD 1 Quarter
Net change related to available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $2.09M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $8.61M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $542.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $281.48M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $404.56M USD 1 Quarter

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

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