KLA (KLAC) FY2016 results: revenue $3.0 billion, up 6.1% on the year
KLA Corp. (KLAC) reported revenue of $3.0 billion for fiscal 2016, the year ended 30 June 2016, up 6.1% on the year before. Net income was $704 million, up 92.4%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2016.
Revenue
$3.0 billion
+6.1% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$704 million
+92.4% on the year
FY2009FY2016
Diluted EPS
$0.45
+100.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,984
2,814
2,929
+6.1%
Cost of revenue
1,163
1,215
1,233
-4.3%
Gross profit
1,821
1,599
1,696
+13.9%
Gross margin
61.0%
56.8%
57.9%
Research and development
481
531
539
-9.3%
Selling, general and administrative
379
407
385
-6.8%
Operating income
n/a
n/a
772
Operating margin
n/a
n/a
26.4%
Interest expense
123
106
53.8
+15.9%
Pre-tax income
858
434
734
+97.7%
Income tax
154
68.0
152
+126.2%
Effective tax rate
17.9%
15.7%
20.7%
Net income
704
366
583
+92.4%
Net margin
23.6%
13.0%
19.9%
Diluted EPS
$0.45
$0.22
$0.35
+100.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
760
606
779
+25.4%
Capital expenditure
31.7
45.8
67.5
-30.7%
Free cash flow
728
560
711
+30.0%
Free cash flow margin
24.4%
19.9%
24.3%
Cash from investing
145
918
-676
-84.2%
Cash from financing
-637
-1,303
-459
Depreciation and amortisation
66.9
80.5
83.1
-16.9%
Share-based compensation
45.0
55.3
60.9
-18.5%
Buybacks
182
603
241
-69.9%
Dividends paid
346
3,041
299
-88.6%
Dividend per share
$0.21
$1.85
$0.18
-88.8%
Diluted shares, weighted
1,568m
1,637m
1,681m
-4.2%
Shares outstanding at period end
1,560m
1,579m
1,654m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
689
421
3,669
+63.5%
Debt
3,058
3,190
745
-4.2%
Other liabilities
1,215
1,214
1,124
+0.1%
Total liabilities and equity
4,962
4,826
5,539
+2.8%
Fixed assets
278
315
330
-11.6%
Goodwill
335
335
335
-0.0%
Intangible assets
4.3
11.9
27.7
-63.6%
Investments
1,383
1,549
2,522
-10.7%
Cash and equivalents
1,108
838
631
+32.3%
Receivables
613
585
493
+4.7%
Inventory
699
618
656
+13.1%
Other assets
542
574
543
-5.6%
Total assets
4,962
4,826
5,539
+2.8%
10-K for the year ended 30 June 2016, filed 5 August 2016: the filing.