KLA Corp., adjustment to net income attributable to KLA

US$ in thousands

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net income attributable to KLA (as reported)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Add: Net change related to available-for-sale securities	2,689)	(16,081)	(3,088)	5,299)	9,750)	(7,163)
Net income attributable to KLA (adjusted)	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)	795,102)

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KLA Corp., adjusted profitability ratios

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net Profit Margin
Reported net profit margin	32.27%	36.06%	30.04%	20.96%	25.73%	19.87%
Adjusted net profit margin	32.30%	35.89%	29.99%	21.05%	25.94%	19.70%
Return on Equity (ROE)
Reported ROE	116.01%	237.04%	61.53%	45.65%	44.21%	49.51%
Adjusted ROE	116.10%	235.90%	61.44%	45.85%	44.58%	49.06%
Return on Assets (ROA)
Reported ROA	24.07%	26.37%	20.23%	13.11%	13.05%	14.28%
Adjusted ROA	24.09%	26.24%	20.20%	13.17%	13.16%	14.15%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	KLA Corp. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	KLA Corp. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	KLA Corp. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

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	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Revenues	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)	4,036,701)
Profitability Ratio
Net profit margin¹	32.27%	36.06%	30.04%	20.96%	25.73%	19.87%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)	795,102)
Revenues	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)	4,036,701)
Profitability Ratio
Adjusted net profit margin²	32.30%	35.89%	29.99%	21.05%	25.94%	19.70%

2023 Calculations

¹ Net profit margin = 100 × Net income attributable to KLA ÷ Revenues
= 100 × 3,387,277 ÷ 10,496,056 = 32.27%

² Adjusted net profit margin = 100 × Adjusted net income attributable to KLA ÷ Revenues
= 100 × 3,389,966 ÷ 10,496,056 = 32.30%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	KLA Corp. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Profitability Ratio
ROE¹	116.01%	237.04%	61.53%	45.65%	44.21%	49.51%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)	795,102)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Profitability Ratio
Adjusted ROE²	116.10%	235.90%	61.44%	45.85%	44.58%	49.06%

2023 Calculations

¹ ROE = 100 × Net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 3,387,277 ÷ 2,919,753 = 116.01%

² Adjusted ROE = 100 × Adjusted net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 3,389,966 ÷ 2,919,753 = 116.10%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	KLA Corp. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Total assets	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)
Profitability Ratio
ROA¹	24.07%	26.37%	20.23%	13.11%	13.05%	14.28%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)	795,102)
Total assets	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)
Profitability Ratio
Adjusted ROA²	24.09%	26.24%	20.20%	13.17%	13.16%	14.15%

2023 Calculations

¹ ROA = 100 × Net income attributable to KLA ÷ Total assets
= 100 × 3,387,277 ÷ 14,072,357 = 24.07%

² Adjusted ROA = 100 × Adjusted net income attributable to KLA ÷ Total assets
= 100 × 3,389,966 ÷ 14,072,357 = 24.09%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	KLA Corp. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

KLA Corp. (NASDAQ:KLAC)

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