KLA (KLAC) FY2015 results: revenue $2.8 billion, down 3.9% on the year
KLA Corp. (KLAC) reported revenue of $2.8 billion for fiscal 2015, the year ended 30 June 2015, down 3.9% on the year before. Net income was $366 million, down 37.2%, and diluted earnings per share $0.22. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2015.
Revenue
$2.8 billion
-3.9% on the year
FY2009FY2015
Operating margin
n/a
26.4% a year earlier
FY2009FY2015
Net income
$366 million
-37.2% on the year
FY2009FY2015
Diluted EPS
$0.22
-35.4% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,814
2,929
2,843
-3.9%
Cost of revenue
1,215
1,233
1,237
-1.4%
Gross profit
1,599
1,696
1,605
-5.8%
Gross margin
56.8%
57.9%
56.5%
Research and development
531
539
488
-1.6%
Selling, general and administrative
407
385
388
+5.7%
Operating income
n/a
772
730
Operating margin
n/a
26.4%
25.7%
Interest expense
106
53.8
54.2
+97.0%
Pre-tax income
434
734
691
-40.9%
Income tax
68.0
152
147
-55.2%
Effective tax rate
15.7%
20.7%
21.4%
Net income
366
583
543
-37.2%
Net margin
13.0%
19.9%
19.1%
Diluted EPS
$0.22
$0.35
$0.32
-35.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
606
779
913
-22.2%
Capital expenditure
45.8
67.5
74.6
-32.2%
Free cash flow
560
711
839
-21.3%
Free cash flow margin
19.9%
24.3%
29.5%
Cash from investing
918
-676
-241
Cash from financing
-1,303
-459
-429
Depreciation and amortisation
80.5
83.1
87.5
-3.1%
Share-based compensation
55.3
60.9
70.1
-9.3%
Buybacks
603
241
273
+150.3%
Dividends paid
3,041
299
266
+917.5%
Dividend per share
$1.85
$0.18
$0.16
+927.8%
Diluted shares, weighted
1,637m
1,681m
1,693m
-2.6%
Shares outstanding at period end
1,579m
1,654m
1,654m
-4.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
421
3,669
3,482
-88.5%
Debt
3,190
745
747
+328.2%
Other liabilities
1,214
1,124
1,058
+8.0%
Total liabilities and equity
4,826
5,539
5,287
-12.9%
Fixed assets
315
330
305
-4.7%
Goodwill
335
335
327
-0.0%
Intangible assets
11.9
27.7
34.5
-57.1%
Investments
1,549
2,522
1,933
-38.6%
Cash and equivalents
838
631
985
+32.8%
Receivables
585
493
525
+18.8%
Inventory
618
656
634
-5.9%
Other assets
574
543
543
+5.6%
Total assets
4,826
5,539
5,287
-12.9%
10-K for the year ended 30 June 2015, filed 7 August 2015: the filing.