$KLAC

KLA TENCOR CORP

CIK:0000319201|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Revenues:
Total revenues	$ 13,579,476	$ 12,156,162	$ 9,812,247
Costs and expenses:
Costs of revenues	5,255,060	4,751,867	3,928,073
Research and development	1,532,118	1,360,334	1,278,981
Selling, general and administrative	1,131,518	1,029,734	969,509
Impairment of goodwill and purchased intangible assets	0	239,100	289,474
Interest expense	284,440	302,166	311,253
Other expense (income), net	(229,585)	(171,487)	(155,075)
Income before income taxes	5,605,925	4,644,448	3,190,032
Provision for income taxes	775,154	582,805	428,136
Net income	$ 4,830,771	$ 4,061,643	$ 2,761,896
Net income per share
Basic (in dollars per share)	$ 3.68	$ 3.05	$ 2.04
Diluted (in dollars per share)	$ 3.66	$ 3.04	$ 2.03
Weighted-average number of shares:
Basic (in shares)	1,311,516	1,330,299	1,353,452
Diluted (in shares)	1,319,633	1,337,502	1,361,869
Product
Revenues:
Total revenues	$ 10,453,537	$ 9,472,854	$ 7,482,679
Service
Revenues:
Total revenues	$ 3,125,939	$ 2,683,308	$ 2,329,568

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 4,830,771	$ 4,061,643	$ 2,761,896
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment of goodwill and purchased intangible assets	0	239,100	289,474
Depreciation and amortization	393,978	394,088	401,730
Unrealized foreign exchange (gain) loss and other	6,725	14,974	(12,533)
Asset impairment charges	0	0	11,307
Stock-based compensation expense	310,171	265,011	212,695
Net gain on sale of assets	(683)	(161)	0
Deferred income taxes	77,795	(246,577)	(155,228)
Settlement of treasury lock agreement	0	0	415
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:
Accounts receivable	(641,824)	(367,897)	(80,894)
Inventories	(465,963)	(155,170)	(164,092)
Other assets	(501,420)	(10,459)	(289,509)
Accounts payable	172,357	33,789	24,976
Deferred system revenue	116,071	(169,027)	334,136
Deferred service revenue	(54,617)	100,460	203,106
Other liabilities	(100,282)	(77,871)	(228,904)
Net cash provided by operating activities	4,143,079	4,081,903	3,308,575
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired	0	0	(3,682)
Capital expenditures	(375,945)	(335,259)	(277,384)
Proceeds from capital-related government assistance	16,782	6,263	0
Purchases of available-for-sale and equity securities	(3,711,093)	(2,772,578)	(2,756,987)
Proceeds from maturity and sale of available-for-sale securities	2,894,046	2,915,435	1,567,637
Purchases of trading securities	(264,960)	(118,288)	(134,098)
Proceeds from sale of trading securities	248,624	105,751	121,020
Other, net	2,451	(3,805)	6,509
Net cash used in investing activities	(1,190,095)	(202,481)	(1,476,985)
Cash flows from financing activities:
Proceeds from issuance of debt, net of issuance costs	(1,602)	0	735,043
Repayment of debt	0	(750,000)	0
Common stock repurchases	(2,289,769)	(2,149,946)	(1,735,746)
Payment of dividends to stockholders	(1,057,832)	(904,594)	(773,041)
Issuance of common stock	168,573	151,514	144,934
Tax withholding payments related to vested and released restricted stock units	(204,976)	(132,661)	(143,024)
Contingent consideration payable and other, net	0	0	(4,183)
Net cash used in financing activities	(3,385,606)	(3,785,687)	(1,776,017)
Effect of exchange rate changes on cash and cash equivalents	3,556	8,044	(6,309)
Net increase (decrease) in cash and cash equivalents	(429,066)	101,779	49,264
Cash and cash equivalents at beginning of period	2,078,908	1,977,129	1,927,865
Cash and cash equivalents at end of period	1,649,842	2,078,908	1,977,129
Supplemental cash flow disclosures:
Income taxes paid, net	781,409	886,937	830,835
Interest paid, net of capitalized interest	282,505	292,771	276,597
Non-cash activities:
Contingent consideration payable - financing activities	0	0	(765)
Dividends payable - financing activities	8,942	8,660	8,043
Unsettled common stock repurchase - financing activities	5,494	5,500	5,500
Accrued purchases of land, property and equipment - investing activities	$ 21,531	$ 25,740	$ 13,849

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 1,649,842	$ 2,078,908
Marketable securities	3,252,566	2,415,715
Accounts receivable, net	2,889,208	2,263,915
Inventories	3,648,538	3,212,149
Other current assets	941,636	728,102
Total current assets	12,381,790	10,698,789
Land, property and equipment, net	1,380,550	1,252,775
Goodwill, net	1,788,758	1,792,193
Deferred income taxes	1,037,224	1,105,770
Purchased intangible assets, net	255,835	444,785
Other non-current assets	1,107,378	773,614
Total assets	17,951,535	16,067,926
Current liabilities:
Accounts payable	623,668	458,509
Deferred system revenue	932,901	816,834
Deferred service revenue	604,127	548,011
Other current liabilities	2,144,231	2,262,441
Total current liabilities	4,304,927	4,085,795
Long-term debt	5,887,415	5,884,257
Deferred tax liabilities	473,648	446,945
Deferred service revenue	238,111	348,844
Other non-current liabilities	697,614	609,632
Total liabilities	11,601,715	11,375,473
Commitments and contingencies (Notes 8, 14 and 15)
Stockholders’ equity:
Preferred stock, $0.001 par value, 1,000 shares authorized, none outstanding	0	0
Common stock, $0.001 par value, 5,000,000 shares authorized, 2,816,579 and 2,811,758 shares issued, 1,306,983 and 1,320,227 shares outstanding, as of June 30, 2026 and June 30, 2025, respectively	1,307	1,320
Capital in excess of par value	2,699,102	2,510,602
Retained earnings	3,683,864	2,179,330
Accumulated other comprehensive income (loss)	(34,453)	1,201
Total stockholders’ equity	6,349,820	4,692,453
Total liabilities and stockholders’ equity	$ 17,951,535	$ 16,067,926