KLA (KLAC) FY2024 results: revenue $9.8 billion, down 6.5% on the year
KLA Corp. (KLAC) reported revenue of $9.8 billion for fiscal 2024, the year ended 30 June 2024, down 6.5% on the year before. Net income was $2.8 billion, down 18.5%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2024.
Revenue
$9.8 billion
-6.5% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.8 billion
-18.5% on the year
FY2017FY2024
Diluted EPS
$2.03
-16.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,309
3,670
3,313
-9.8%
Capital expenditure
277
342
307
-18.8%
Free cash flow
3,031
3,328
3,005
-8.9%
Free cash flow margin
30.9%
31.7%
32.6%
Cash from investing
-1,477
-483
-876
Cash from financing
-1,776
-2,830
-2,257
Depreciation and amortisation
402
415
363
-3.2%
Share-based compensation
213
171
127
+24.1%
Buybacks
1,736
1,312
3,968
+32.3%
Dividends paid
773
733
639
+5.5%
Dividend per share
$0.56
$0.52
$0.42
+8.7%
Diluted shares, weighted
1,362m
1,402m
1,516m
-2.9%
Shares outstanding at period end
1,344m
1,368m
1,418m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,368
2,920
1,401
+15.4%
Non-controlling interest
n/a
0.0
-2.3
Debt
6,630
5,891
6,661
+12.6%
Operating lease liabilities
153
138
81.4
+10.7%
Other liabilities
5,282
5,124
4,456
+3.1%
Total liabilities and equity
15,434
14,072
12,597
+9.7%
Fixed assets
1,110
1,032
850
+7.6%
Goodwill
2,016
2,279
2,320
-11.5%
Intangible assets
669
935
1,194
-28.5%
Securities held for sale or to maturity
2,501
n/a
1,123
Cash and equivalents
1,977
1,928
1,585
+2.6%
Receivables
1,833
1,753
1,812
+4.5%
Inventory
3,035
2,877
2,147
+5.5%
Other assets
2,293
3,268
1,566
-29.8%
Total assets
15,434
14,072
12,597
+9.7%
10-K for the year ended 30 June 2024, filed 5 August 2024: the filing.