KLA CORP
For the period ended Sep 30, 2025. Filed Oct 31, 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.
Sep 30, 2025 · Filed Oct 31, 2025
KLAC$152.99+1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Three Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $1,121,040 | $945,851 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 97,016 | 95,823 |
| Unrealized foreign exchange loss and other | 12,078 | 7,718 |
| Stock-based compensation expense | 70,182 | 61,700 |
| Deferred income taxes | (10,615) | (81,682) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (12,575) | (91,660) |
| Inventories | (95,738) | (59,326) |
| Other assets | 50,921 | 152,641 |
| Accounts payable | (23,680) | (12,463) |
| Deferred system revenue | 1,974 | (108,648) |
| Deferred service revenue | (4,970) | 35,863 |
| Other liabilities | (44,042) | 49,421 |
| Net cash provided by operating activities | 1,161,591 | 995,238 |
| Cash flows from investing activities: | ||
| Capital expenditures | (95,894) | (60,393) |
| Proceeds from capital-related government assistance | 1,541 | — |
| Purchases of available-for-sale and equity securities | (949,871) | (837,935) |
| Proceeds from maturity and sale of available-for-sale securities | 632,795 | 727,247 |
| Purchases of trading securities | (156,864) | (17,581) |
| Proceeds from sale of trading securities | 158,305 | 17,623 |
| Net cash used in investing activities | (409,988) | (171,039) |
| Cash flows from financing activities: | ||
| Payment of debt issuance costs | (1,602) | — |
| Common stock repurchases | (545,067) | (567,383) |
| Payment of dividends to stockholders | (254,008) | (198,079) |
| Tax withholding payments related to vested and released restricted stock units | (81,122) | (72,246) |
| Net cash used in financing activities | (881,799) | (837,708) |
| Effect of exchange rate changes on cash and cash equivalents | (2,501) | 13,582 |
| Net increase (decrease) in cash and cash equivalents | (132,697) | 73 |
| Cash and cash equivalents at beginning of period | 2,078,908 | 1,977,129 |
| Cash and cash equivalents at end of period | $1,946,211 | $1,977,202 |
| Supplemental cash flow disclosures: | ||
| Income taxes paid, net | $119,049 | $96,395 |
| Interest paid, net of capitalized interest | $131,494 | $131,126 |
| Non-cash activities: | ||
| Dividends payable - financing activities | $2,263 | $2,009 |
| Unsettled common stock repurchase - financing activities | $20,207 | $5,499 |
| Accrued purchases of land, property and equipment - investing activities | $32,758 | $13,849 |
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