KLA (KLAC) FY2017 results: revenue $3.5 billion, up 16.6% on the year
KLA Corp. (KLAC) reported revenue of $3.5 billion for fiscal 2017, the year ended 30 June 2017, up 16.6% on the year before. Net income was $926 million, up 31.5%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 16 August 2019.
Revenue
$3.5 billion
+16.6% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$926 million
+31.5% on the year
FY2010FY2017
Diluted EPS
$0.59
+31.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,480
2,984
2,814
+16.6%
Cost of revenue
1,288
1,163
1,215
+10.7%
Gross profit
2,192
1,821
1,599
+20.4%
Gross margin
63.0%
61.0%
56.8%
Research and development
527
481
531
+9.5%
Selling, general and administrative
388
379
407
+2.3%
Interest expense
122
123
106
-0.3%
Pre-tax income
1,173
858
434
+36.7%
Income tax
247
154
68.0
+60.7%
Effective tax rate
21.1%
17.9%
15.7%
Net income
926
704
366
+31.5%
Net margin
26.6%
23.6%
13.0%
Diluted EPS
$0.59
$0.45
$0.22
+31.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,080
760
606
+42.1%
Capital expenditure
38.6
31.7
45.8
+21.6%
Free cash flow
1,041
728
560
+43.0%
Free cash flow margin
29.9%
24.4%
19.9%
Cash from investing
-561
145
918
Cash from financing
-473
-637
-1,303
Depreciation and amortisation
57.8
66.9
80.5
-13.6%
Share-based compensation
50.9
45.0
55.3
+13.1%
Buybacks
25.0
182
603
-86.2%
Dividends paid
344
346
3,041
-0.7%
Dividend per share
$0.21
$0.21
$1.85
+2.9%
Diluted shares, weighted
1,575m
1,568m
1,637m
+0.4%
Shares outstanding at period end
1,568m
1,560m
1,579m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,326
689
421
+92.5%
Debt
2,930
3,058
3,190
-4.2%
Other liabilities
1,275
1,215
1,214
+4.9%
Total liabilities and equity
5,532
4,962
4,826
+11.5%
Fixed assets
284
278
315
+2.1%
Goodwill
350
335
335
+4.3%
Intangible assets
19.0
4.3
11.9
+337.8%
Investments
1,864
1,383
1,549
+34.8%
Cash and equivalents
1,153
1,108
838
+4.0%
Receivables
571
613
585
-6.9%
Inventory
733
699
618
+4.9%
Other assets
559
542
574
+3.2%
Total assets
5,532
4,962
4,826
+11.5%
10-K for the year ended 30 June 2017, filed 16 August 2019: the filing.