KLA (KLAC) FY2023 results: revenue $10.5 billion, up 13.9% on the year
KLA Corp. (KLAC) reported revenue of $10.5 billion for fiscal 2023, the year ended 30 June 2023, up 13.9% on the year before. Net income was $3.4 billion, up 2.0%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 4 August 2023.
Revenue
$10.5 billion
+13.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$3.4 billion
+2.0% on the year
FY2016FY2023
Diluted EPS
$2.42
+10.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,670
3,313
2,185
+10.8%
Capital expenditure
342
307
232
+11.2%
Free cash flow
3,328
3,005
1,953
+10.7%
Free cash flow margin
31.7%
32.6%
28.2%
Cash from investing
-483
-876
-500
Cash from financing
-2,830
-2,257
-1,498
Depreciation and amortisation
415
363
333
+14.2%
Share-based compensation
171
127
112
+35.1%
Buybacks
1,312
3,968
939
-66.9%
Dividends paid
733
639
559
+14.7%
Dividend per share
$0.52
$0.42
$0.36
+23.8%
Diluted shares, weighted
1,402m
1,516m
1,554m
-7.5%
Shares outstanding at period end
1,368m
1,418m
1,528m
-3.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,920
1,401
3,378
+108.4%
Non-controlling interest
0.0
-2.3
-1.9
Debt
5,891
6,661
3,443
-11.6%
Operating lease liabilities
138
81.4
70.7
+70.0%
Other liabilities
5,124
4,456
3,382
+15.0%
Total liabilities and equity
14,072
12,597
10,271
+11.7%
Fixed assets
1,032
850
663
+21.4%
Goodwill
2,279
2,320
2,011
-1.8%
Intangible assets
935
1,194
1,185
-21.7%
Securities held for sale or to maturity
n/a
1,123
1,060
Cash and equivalents
1,928
1,585
1,435
+21.6%
Receivables
1,753
1,812
1,305
-3.2%
Inventory
2,877
2,147
1,575
+34.0%
Other assets
3,268
1,566
1,036
+108.7%
Total assets
14,072
12,597
10,271
+11.7%
10-K for the year ended 30 June 2023, filed 4 August 2023: the filing.