KLA (KLAC) FY2012 results: revenue $3.2 billion, down 0.1% on the year
KLA Corp. (KLAC) reported revenue of $3.2 billion for fiscal 2012, the year ended 30 June 2012, down 0.1% on the year before. Net income was $756 million, down 4.8%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2012.
Revenue
$3.2 billion
-0.1% on the year
FY2009FY2012
Operating margin
32.0%
36.5% a year earlier
FY2009FY2012
Net income
$756 million
-4.8% on the year
FY2009FY2012
Diluted EPS
$0.44
-4.7% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,172
3,175
1,821
-0.1%
Cost of revenue
1,330
1,259
816
+5.6%
Gross profit
1,842
1,916
1,005
-3.9%
Gross margin
58.1%
60.3%
55.2%
Research and development
453
386
330
+17.3%
Selling, general and administrative
373
369
361
+0.9%
Operating income
1,016
1,160
314
-12.4%
Operating margin
32.0%
36.5%
17.3%
Interest expense
54.2
54.3
54.5
-0.2%
Pre-tax income
974
1,110
291
-12.2%
Income tax
218
316
78.9
-30.9%
Effective tax rate
22.4%
28.4%
27.1%
Net income
756
794
212
-4.8%
Net margin
23.8%
25.0%
11.7%
Diluted EPS
$0.44
$0.47
$0.12
-4.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
942
823
448
+14.4%
Capital expenditure
57.6
51.2
30.2
+12.6%
Free cash flow
884
772
418
+14.5%
Free cash flow margin
27.9%
24.3%
22.9%
Cash from investing
-529
-360
-228
Cash from financing
-364
-300
-216
Depreciation and amortisation
92.1
86.0
87.3
+7.1%
Share-based compensation
78.8
81.4
86.0
-3.2%
Buybacks
264
235
136
+12.4%
Dividends paid
234
167
102
+39.5%
Dividend per share
$0.14
$0.10
$0.06
+40.0%
Diluted shares, weighted
1,701m
1,704m
1,730m
-0.1%
Shares outstanding at period end
1,667m
1,671m
1,680m
-0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,316
2,861
2,247
+15.9%
Debt
747
746
746
+0.1%
Other liabilities
1,038
1,068
915
-2.9%
Total liabilities and equity
5,100
4,676
3,907
+9.1%
Fixed assets
278
257
237
+7.9%
Goodwill
328
328
328
-0.1%
Intangible assets
55.6
85.9
117
-35.2%
Investments
1,783
1,327
1,137
+34.4%
Cash and equivalents
751
711
530
+5.6%
Receivables
701
583
440
+20.2%
Inventory
651
576
402
+13.0%
Other assets
553
807
716
-31.5%
Total assets
5,100
4,676
3,907
+9.1%
10-K for the year ended 30 June 2012, filed 6 August 2012: the filing.