KLA CORP
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
KLAC$152.99+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $2,858,794 | $1,925,450 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Impairment of goodwill and purchased intangible assets | 239,100 | 289,474 |
| Depreciation and amortization | 297,836 | 300,729 |
| Unrealized foreign exchange (gain) loss and other | 23,622 | (16,747) |
| Stock-based compensation expense | 193,742 | 154,074 |
| Net gain on sale of assets | (161) | — |
| Deferred income taxes | (186,095) | (124,594) |
| Settlement of treasury lock agreement | — | 415 |
| Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions: | ||
| Accounts receivable | (300,289) | 141,064 |
| Inventories | (106,651) | (131,249) |
| Other assets | 76,105 | (223,625) |
| Accounts payable | 42,390 | 799 |
| Deferred system revenue | (117,512) | 342,749 |
| Deferred service revenue | 64,610 | 129,010 |
| Other liabilities | (168,579) | (371,589) |
| Net cash provided by operating activities | 2,916,912 | 2,415,960 |
| Cash flows from investing activities: | ||
| Proceeds from sale of assets | 161 | 5,079 |
| Business acquisitions, net of cash acquired | — | (3,682) |
| Acquisition of intellectual property | (2,850) | — |
| Capital expenditures | (234,851) | (216,639) |
| Proceeds from capital-related government assistance | 315 | — |
| Purchases of available-for-sale and equity securities | (2,024,564) | (2,154,906) |
| Proceeds from sale of available-for-sale securities | 331,504 | 70,957 |
| Proceeds from maturity of available-for-sale securities | 2,061,056 | 971,085 |
| Purchases of trading securities | (88,275) | (112,463) |
| Proceeds from sale of trading securities | 79,384 | 102,376 |
| Proceeds from other investments | 984 | — |
| Net cash provided by (used in) investing activities | 122,864 | (1,338,193) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt, net of issuance costs | — | 735,043 |
| Repayment of debt | (750,000) | — |
| Common stock repurchases | (1,724,249) | (1,265,480) |
| Payment of dividends to stockholders | (650,629) | (575,520) |
| Issuance of common stock | 47,538 | 48,433 |
| Tax withholding payments related to vested and released restricted stock units | (78,534) | (95,516) |
| Contingent consideration payable and other, net | — | (4,116) |
| Net cash used in financing activities | (3,155,874) | (1,157,156) |
| Effect of exchange rate changes on cash and cash equivalents | (3,009) | (309) |
| Net decrease in cash and cash equivalents | (119,107) | (79,698) |
| Cash and cash equivalents at beginning of period | 1,977,129 | 1,927,865 |
| Cash and cash equivalents at end of period | $1,858,022 | $1,848,167 |
| Supplemental cash flow disclosures: | ||
| Income taxes paid, net | $655,822 | $765,282 |
| Interest paid, net of capitalized interest | $284,999 | $251,426 |
| Non-cash activities: | ||
| Contingent consideration payable - financing activities | $— | $(765) |
| Dividends payable - financing activities | $6,360 | $6,090 |
| Unsettled common stock repurchase - financing activities | $5,499 | $10,999 |
| Accrued purchases of land, property and equipment - investing activities | $24,322 | $15,378 |
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