KLA (KLAC) FY2013 results: revenue $2.8 billion, down 10.4% on the year
KLA Corp. (KLAC) reported revenue of $2.8 billion for fiscal 2013, the year ended 30 June 2013, down 10.4% on the year before. Net income was $543 million, down 28.2%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2013.
Revenue
$2.8 billion
-10.4% on the year
FY2009FY2013
Operating margin
25.7%
32.0% a year earlier
FY2009FY2013
Net income
$543 million
-28.2% on the year
FY2009FY2013
Diluted EPS
$0.32
-27.7% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,843
3,172
3,175
-10.4%
Cost of revenue
1,237
1,330
1,259
-7.0%
Gross profit
1,605
1,842
1,916
-12.8%
Gross margin
56.5%
58.1%
60.3%
Research and development
488
453
386
+7.7%
Selling, general and administrative
388
373
369
+4.1%
Operating income
730
1,016
1,160
-28.2%
Operating margin
25.7%
32.0%
36.5%
Interest expense
54.2
54.2
54.3
-0.0%
Pre-tax income
691
974
1,110
-29.1%
Income tax
147
218
316
-32.4%
Effective tax rate
21.4%
22.4%
28.4%
Net income
543
756
794
-28.2%
Net margin
19.1%
23.8%
25.0%
Diluted EPS
$0.32
$0.44
$0.47
-27.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
913
942
823
-3.0%
Capital expenditure
74.6
57.6
51.2
+29.5%
Free cash flow
839
884
772
-5.1%
Free cash flow margin
29.5%
27.9%
24.3%
Cash from investing
-241
-529
-360
Cash from financing
-429
-364
-300
Depreciation and amortisation
87.5
92.1
86.0
-5.0%
Share-based compensation
70.1
78.8
81.4
-11.1%
Buybacks
273
264
235
+3.6%
Dividends paid
266
234
167
+13.8%
Dividend per share
$0.16
$0.14
$0.10
+14.3%
Diluted shares, weighted
1,693m
1,701m
1,704m
-0.5%
Shares outstanding at period end
1,654m
1,667m
1,671m
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,482
3,316
2,861
+5.0%
Debt
747
747
746
+0.1%
Other liabilities
1,058
1,038
1,068
+1.9%
Total liabilities and equity
5,287
5,100
4,676
+3.7%
Fixed assets
305
278
257
+9.9%
Goodwill
327
328
328
-0.3%
Intangible assets
34.5
55.6
85.9
-38.0%
Investments
1,933
1,783
1,327
+8.4%
Cash and equivalents
985
751
711
+31.2%
Receivables
525
701
583
-25.2%
Inventory
634
651
576
-2.5%
Other assets
543
553
807
-1.8%
Total assets
5,287
5,100
4,676
+3.7%
10-K for the year ended 30 June 2013, filed 8 August 2013: the filing.