← KLA CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $926.1m | $802.3m | $1.2b | $1.2b | $2.1b | $3.3b | $3.4b | $2.8b | $4.1b | $4.8b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $926.1m | $802.3m | $1.2b | $1.2b | $2.1b | $3.3b | $3.4b | $2.8b | $4.1b | $4.8b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $1.2b | $1.2b | $2.1b | $3.3b | $3.4b | $2.8b | $4.1b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($600k) | ($1.8m) | ($939k) | $253k | $74k | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $57.8m | $62.7m | $233.2m | $348.0m | $333.3m | $363.3m | $415.1m | $401.7m | $394.1m | $394.0m | |
| Amortization of Intangible Assets | $3.0m | $4.6m | $87.4m | $220.6m | $206.3m | $229.1m | $260.6m | $239.3m | $220.4m | $190.8m | |
| Depreciation | $49.1m | $53.3m | $72.6m | $101.4m | $111.1m | $122.2m | $154.2m | $181.7m | $192.0m | $214.5m | |
| Deferred Income Tax Expense (Benefit) | $3.5m | $101.1m | ($26.2m) | ($93.3m) | ($45.6m) | ($353.8m) | ($355.2m) | ($138.9m) | ($244.8m) | $87.0m | |
| Deferred income taxes | $4.0m | $98.8m | ($27.5m) | ($93.1m) | ($44.4m) | ($329.5m) | ($298.1m) | ($155.2m) | ($246.6m) | $77.8m | |
| Share-based Payment Arrangement, Noncash Expense | $50.9m | $62.8m | $94.2m | $111.4m | $111.8m | $126.9m | $171.4m | $212.7m | $265.0m | $310.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $19.2m | $28.8m | $37.5m | $46.3m | $56.4m | $84.4m | $94.8m | $143.0m | $132.7m | $205.0m | |
| Share-based Payment Arrangement, Expense | $50.9m | $62.8m | $94.2m | $111.4m | $111.8m | $126.9m | $171.4m | $212.7m | $265.0m | $310.2m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $289.5m | $239.1m | $0 | |
| Goodwill, Impairment Loss | — | — | $0 | $256.6m | $0 | $0 | $0 | $263.1m | $230.4m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Impairment of goodwill and purchased intangible assets | — | — | — | — | — | $6.0m | $9.9m | $289.5m | $239.1m | $0 | |
| Asset impairment charges | $358k | $1.0m | $221k | $13.3m | $842k | $6.0m | $9.9m | $11.3m | $0 | $0 | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $4.4m | $0 | $29.7m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | $161k | $683k | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($22.5m) | $0 | $0 | ($13.3m) | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $247.2m | $653.7m | $121.2m | $101.7m | $283.1m | $167.2m | $401.8m | $428.1m | $582.8m | $775.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $311.3m | $302.2m | $284.4m | |
| Operating Lease, Expense | — | — | — | $35.1m | $38.9m | $36.6m | $41.8m | $54.6m | $51.5m | $61.4m | |
| Other Nonoperating Income (Expense) | ($3.4m) | ($2.8m) | ($7.9m) | ($2.7m) | $29.3m | ($4.6m) | $104.7m | $155.1m | $171.5m | $229.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($39.9m) | $76.5m | $354.2m | $117.3m | $198.1m | $506.4m | ($58.5m) | $79.7m | $430.9m | $625.3m | |
| Increase (Decrease) in Inventories | $46.4m | $182.9m | $59.6m | $74.8m | $270.1m | $567.0m | $749.0m | $164.1m | $155.2m | $466.0m | |
| Increase (Decrease) in Accounts Payable | $40.1m | $21.8m | ($21.6m) | $61.1m | $79.4m | $101.6m | ($144.7m) | $25.0m | $33.8m | $172.4m | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $26.7m | $0 | $0 | ($12.3m) | ($1.6m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($641k) | ($708k) | $322k | ($4.2m) | ($5.0m) | ($3.9m) | ($233k) | $7.3m | ($3.0m) | $16.2m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | ($4.1m) | ($13.9m) | $19.4m | ($46.5m) | $17.8m | $12.5m | ($15.0m) | ($6.7m) | |
| Goodwill | $349.5m | $354.7m | $2.2b | $2.0b | $2.0b | $2.3b | $2.3b | $2.0b | $1.8b | $1.8b | |
| Investment Income, Interest | $23.3m | $36.9m | $40.4m | $21.6m | $8.9m | $8.7m | $74.1m | $160.7m | $180.3m | $177.1m | |
| Realized Investment Gains (Losses) | — | — | ($1.3m) | $297k | $253k | ($306k) | ($986k) | ($103k) | $59k | $587k | |
| Unrealized foreign exchange (gain) loss and other | ($4.2m) | $9.9m | $4.1m | $13.9m | ($19.4m) | $46.5m | ($17.8m) | ($12.5m) | $15.0m | $6.7m | |
| Stock-based compensation expense | $50.9m | $62.8m | $94.2m | $111.4m | $111.8m | $126.9m | $171.4m | $212.7m | $265.0m | $310.2m | |
| Net gain on sale of assets | — | — | — | — | — | — | $0 | $0 | ($161k) | ($683k) | |
| Settlement of treasury lock agreement | — | $0 | $0 | ($21.5m) | $0 | $82.8m | $0 | $415k | $0 | $0 | |
| Accounts receivable | $39.8m | ($76.0m) | ($146.2m) | ($118.4m) | ($203.2m) | ($510.3m) | ($48.5m) | ($80.9m) | ($367.9m) | ($641.8m) | |
| Inventories | ($46.4m) | ($182.9m) | ($59.6m) | ($74.8m) | ($270.1m) | ($567.0m) | ($749.0m) | ($164.1m) | ($155.2m) | ($466.0m) | |
| Other assets | ($26.6m) | ($37.6m) | ($47.1m) | ($11.1m) | ($96.2m) | ($217.1m) | ($121.0m) | ($289.5m) | ($10.5m) | ($501.4m) | |
| Accounts payable | $40.1m | $21.8m | ($21.6m) | $61.1m | $79.4m | $101.6m | ($144.7m) | $25.0m | $33.8m | $172.4m | |
| Deferred system revenue | $0 | $0 | ($15.7m) | $57.7m | ($44.7m) | $213.4m | $150.8m | $334.1m | ($169.0m) | $116.1m | |
| Other liabilities | $28.4m | $377.9m | ($51.3m) | ($24.6m) | $245.6m | $544.3m | $834.4m | ($228.9m) | ($77.9m) | ($100.3m) | |
| Proceeds from capital-related government assistance | — | — | — | — | — | — | $0 | $0 | $6.3m | $16.8m | |
| Purchases of available-for-sale and equity securities | ($1.6b) | ($466.3m) | ($81.5m) | ($798.5m) | ($1.0b) | ($987.7m) | ($1.4b) | ($2.8b) | ($2.8b) | ($3.7b) | |
| Proceeds from maturity and sale of available-for-sale securities | — | — | — | — | — | — | — | $1.6b | $2.9b | $2.9b | |
| Purchases of trading securities | ($97.5m) | ($77.9m) | ($81.0m) | ($110.2m) | ($107.9m) | ($121.3m) | ($96.6m) | ($134.1m) | ($118.3m) | ($265.0m) | |
| Proceeds from sale of trading securities | $97.1m | $81.9m | $85.3m | $115.7m | $111.3m | $116.3m | $89.5m | $121.0m | $105.8m | $248.6m | |
| Other, net | — | — | — | — | — | — | — | $6.5m | ($3.8m) | $2.5m | |
| Tax withholding payments related to vested and released restricted stock units | ($19.2m) | ($28.8m) | ($37.5m) | ($46.3m) | ($56.4m) | ($84.4m) | ($94.8m) | ($143.0m) | ($132.7m) | ($205.0m) | |
| Contingent consideration payable and other, net | — | $0 | ($1.2m) | $2.9m | $0 | ($1.1m) | ($17.9m) | ($4.2m) | $0 | $0 | |
| Contingent consideration payable - financing activities | $0 | $0 | $6.9m | $5.3m | ($7.4m) | $16.3m | ($1.9m) | ($765k) | $0 | $0 | |
| Accrued purchases of land, property and equipment - investing activities | $3.3m | $7.4m | $6.4m | $15.8m | $30.6m | $19.6m | $18.4m | $13.8m | $25.7m | $21.5m | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b | $1.2b | $1.2b | $1.8b | $2.2b | $3.3b | $3.7b | $3.3b | $4.1b | $4.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $38.6m | $67.0m | $130.5m | $152.7m | $231.6m | $307.3m | $341.6m | $277.4m | $335.3m | $375.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $28.6m | $17.4m | $1.8b | $90.1m | $0 | $479.1m | $27.1m | $3.7m | $0 | $0 | |
| Payments to Acquire Investments | $3.4m | $3.4m | $630k | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($2.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($560.9m) | $291.6m | ($1.2b) | ($258.9m) | ($500.4m) | ($876.5m) | ($482.6m) | ($1.5b) | ($202.5m) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $699.3m | $608.4m | $589.3m | $626.9m | $581.7m | $760.5m | $1.1b | $1.5b | $2.5b | — | |
| Proceeds from issuance of debt, net of issuance costs | $0 | $248.7m | $1.2b | $741.8m | $40.3m | $3.0b | $0 | $735.0m | $0 | ($1.6m) | |
| Repayments of Long-term Debt | $130.0m | $946.2m | $902.5m | $1.2b | $70.0m | $620.0m | $1.1b | $0 | $750.0m | $0 | |
| Repayment of debt | ($130.0m) | ($946.2m) | ($902.5m) | ($1.2b) | ($70.0m) | ($620.0m) | ($1.1b) | $0 | ($750.0m) | $0 | |
| Proceeds from Issuance of Common Stock | $45.4m | $61.4m | $64.8m | $75.6m | $86.1m | $113.0m | $124.8m | $144.9m | $151.5m | $168.6m | |
| Issuance of common stock | $45.4m | $61.4m | $64.8m | $75.6m | $86.1m | $113.0m | $124.8m | $144.9m | $151.5m | $168.6m | |
| Payments for Repurchase of Common Stock | $25.0m | $203.2m | $1.1b | $829.1m | $938.6m | $4.0b | $1.3b | $1.7b | $2.1b | $2.3b | |
| Payments of Ordinary Dividends, Common Stock | $344 | $402 | $472 | $522 | $559 | $639 | $733 | $773 | $905 | $1k | |
| Common stock repurchases | ($25.0m) | ($203.2m) | ($1.1b) | ($829.1m) | ($938.6m) | ($4.0b) | ($1.3b) | ($1.7b) | ($2.1b) | ($2.3b) | |
| Unsettled common stock repurchase - financing activities | $0 | $0 | $8.0m | $0 | $6.0m | $0 | $11.0m | $5.5m | $5.5m | $5.5m | |
| Dividends Payable | $14 | $10 | $7 | $6 | — | — | — | — | — | — | |
| Payment of dividends to stockholders | ($344) | ($402) | ($472) | ($522) | ($559) | ($639) | ($733) | ($773) | ($905) | ($1k) | |
| Dividends payable - financing activities | $14 | $10 | $7 | $6 | $6 | $7 | $8 | $8 | $9 | $9 | |
| Net Cash Provided by (Used in) Financing Activities | ($472.8m) | ($1.3b) | ($360.0m) | ($1.3b) | ($1.5b) | ($2.3b) | ($2.8b) | ($1.8b) | ($3.8b) | ($3.4b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($33k) | ($1.9m) | $13.5m | ($28.9m) | ($14.0m) | ($6.3m) | $8.0m | $3.6m | |
| Effect of exchange rate changes on cash and cash equivalents | ($1.4m) | $696k | ($33k) | ($1.9m) | $13.5m | ($28.9m) | ($14.0m) | ($6.3m) | $8.0m | $3.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($388.4m) | $218.4m | $200.2m | $150.3m | $343.0m | $49.3m | $101.8m | ($429.1m) | |
| Net increase (decrease) in cash and cash equivalents | $44.6m | $251.3m | ($388.4m) | $218.4m | $200.2m | $150.3m | $343.0m | $49.3m | $101.8m | ($429.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.0b | $1.2b | $1.4b | $1.6b | $1.9b | $2.0b | $2.1b | $1.6b | |
| Cash and cash equivalents at beginning of period | $1.1b | $1.2b | $1.0b | $1.2b | $1.4b | $1.6b | $1.9b | $2.0b | $2.1b | $1.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $120.0m | $114.2m | $107.1m | $152.7m | $154.2m | $154.7m | $224.0m | $276.6m | $292.8m | $282.5m | |
| Income Taxes Paid, Net | $234.1m | $253.1m | $180.5m | $194.6m | $326.0m | $464.5m | $495.1m | $830.8m | $886.9m | $781.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.