KLA (KLAC) FY2018 results: revenue $4.0 billion, up 16.0% on the year
KLA Corp. (KLAC) reported revenue of $4.0 billion for fiscal 2018, the year ended 30 June 2018, up 16.0% on the year before. Net income was $802 million, down 13.4%, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 16 August 2019.
Revenue
$4.0 billion
+16.0% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$802 million
-13.4% on the year
FY2011FY2018
Diluted EPS
$0.51
-13.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
4,037
3,480
2,984
+16.0%
Cost of revenue
1,447
1,288
1,163
+12.4%
Gross profit
2,589
2,192
1,821
+18.1%
Gross margin
64.1%
63.0%
61.0%
Research and development
609
527
481
+15.5%
Selling, general and administrative
442
388
379
+13.9%
Interest expense
114
122
123
-6.6%
Pre-tax income
1,456
1,173
858
+24.1%
Income tax
654
247
154
+164.5%
Effective tax rate
44.9%
21.1%
17.9%
Net income
802
926
704
-13.4%
Net margin
19.9%
26.6%
23.6%
Diluted EPS
$0.51
$0.59
$0.45
-13.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,229
1,080
760
+13.8%
Capital expenditure
67.0
38.6
31.7
+73.5%
Free cash flow
1,162
1,041
728
+11.6%
Free cash flow margin
28.8%
29.9%
24.4%
Cash from investing
292
-561
145
Cash from financing
-1,270
-473
-637
Depreciation and amortisation
62.7
57.8
66.9
+8.4%
Share-based compensation
62.8
50.9
45.0
+23.2%
Buybacks
203
25.0
182
+712.6%
Dividends paid
402
344
346
+16.9%
Dividend per share
$0.25
$0.21
$0.21
+17.8%
Diluted shares, weighted
1,574m
1,575m
1,568m
-0.1%
Shares outstanding at period end
1,560m
1,568m
1,560m
-0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,621
1,326
689
+22.2%
Non-controlling interest
0.0
n/a
n/a
Debt
2,237
2,930
3,058
-23.7%
Other liabilities
1,781
1,275
1,215
+39.6%
Total liabilities and equity
5,639
5,532
4,962
+1.9%
Fixed assets
286
284
278
+0.8%
Goodwill
355
350
335
+1.5%
Intangible assets
19.3
19.0
4.3
+2.0%
Investments
1,476
1,864
1,383
-20.8%
Cash and equivalents
1,404
1,153
1,108
+21.8%
Receivables
652
571
613
+14.1%
Inventory
932
733
699
+27.1%
Other assets
514
559
542
-7.9%
Total assets
5,639
5,532
4,962
+1.9%
10-K for the year ended 30 June 2018, filed 16 August 2019: the filing.