KLA CORP
For the period ended Dec 31, 2023. Filed Jan 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 26, 2024
KLAC$152.99+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Six Months Ended December 31, | ||
|---|---|---|
| (In thousands) | 2023 | 2022 |
| Cash flows from operating activities: | ||
| Net income | $1,323,909 | $2,004,860 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Impairment of goodwill and purchased intangible assets | 219,000 | — |
| Depreciation and amortization | 201,466 | 205,446 |
| Loss on extinguishment of debt | — | 13,286 |
| Unrealized foreign exchange gain and other | (24,376) | (18,896) |
| Asset impairment charges | — | 9,905 |
| Disposal of non-controlling interest | — | 8,270 |
| Stock-based compensation expense | 97,392 | 73,387 |
| Gain on sale of business | — | (29,687) |
| Deferred income taxes | (136,480) | (255,116) |
| Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions: | ||
| Accounts receivable | (53,247) | (495,720) |
| Inventories | (159,608) | (393,177) |
| Other assets | (112,392) | 30,546 |
| Accounts payable | 11,037 | 80,789 |
| Deferred system revenue | 232,307 | 34,587 |
| Deferred service revenue | 74,722 | 30,219 |
| Other liabilities | (167,748) | 401,136 |
| Net cash provided by operating activities | 1,505,982 | 1,699,835 |
| Cash flows from investing activities: | ||
| Proceeds from sale of assets | 5,079 | — |
| Net proceeds from sale of business | — | 75,358 |
| Business acquisitions, net of cash acquired | — | (27,144) |
| Capital expenditures | (144,846) | (177,994) |
| Purchases of available-for-sale securities | (982,642) | (558,165) |
| Proceeds from sale of available-for-sale securities | 15,235 | 36,755 |
| Proceeds from maturity of available-for-sale securities | 628,277 | 353,391 |
| Purchases of trading securities | (66,007) | (37,583) |
| Proceeds from sale of trading securities | 64,757 | 39,482 |
| Proceeds from other investments | — | 1,020 |
| Net cash used in investing activities | (480,147) | (294,880) |
| Cash flows from financing activities: | ||
| Payment of debt issuance costs | — | (6,515) |
| Proceeds from revolving credit facility | — | 300,000 |
| Repayment of debt | — | (862,250) |
| Common stock repurchases | (893,229) | (444,853) |
| Payment of dividends to stockholders | (378,366) | (372,192) |
| Issuance of common stock | 48,433 | 33,908 |
| Tax withholding payments related to vested and released restricted stock units | (71,242) | (57,550) |
| Contingent consideration payable and other, net | (1,676) | (2,500) |
| Purchase of non-controlling interest | — | (4,295) |
| Net cash used in financing activities | (1,296,080) | (1,416,247) |
| Effect of exchange rate changes on cash and cash equivalents | 7,434 | (2,139) |
| Net decrease in cash and cash equivalents | (262,811) | (13,431) |
| Cash and cash equivalents at beginning of period | 1,927,865 | 1,584,908 |
| Cash and cash equivalents at end of period | $1,665,054 | $1,571,477 |
| Supplemental cash flow disclosures: | ||
| Income taxes paid, net | $605,434 | $394,464 |
| Interest paid | $138,054 | $73,851 |
| Non-cash activities: | ||
| Contingent consideration payable - financing activities | $(765) | $(1,774) |
| Dividends payable - financing activities | $3,985 | $3,941 |
| Unsettled common stock repurchase - financing activities | $10,999 | $15,975 |
| Accrued purchases of land, property and equipment - investing activities | $18,312 | $30,590 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.