Common-Size Balance Sheet: Assets
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- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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KLA Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
- Current Assets
- Current assets as a percentage of total assets show a consistent upward trend over the periods analyzed, increasing from 50.9% in mid-2020 to 66.58% by mid-2025. This indicates a gradual shift in asset composition towards more liquid or short-term assets.
- Within current assets, cash and cash equivalents exhibit stable proportions with minor fluctuations around the 13% mark, demonstrating relatively consistent liquidity levels.
- Marketable securities as a percentage of total assets have increased notably, starting at 8.04% in 2020 and reaching a peak of 16.37% in 2024, before a slight decrease to 15.03% in 2025, suggesting a strategic increase in readily marketable financial instruments.
- Accounts receivable present variability, growing from 11.93% in 2020 to a high of 14.38% in 2022, then dipping in 2023 and 2024 before rising again in 2025, indicating fluctuations in credit sales or collection periods.
- Inventories display a steady rise, starting at 14.13% in 2020 and reaching nearly 20% by 2025, which may suggest accumulation of stock or changes in inventory management.
- Other current asset categories such as deferred costs of revenues, prepaid expenses, and other current assets generally remain at low single-digit percentages, with small increases and decreases but no dramatic changes. An exception is the deferred costs of revenues, which nearly doubled from 0.83% in 2020 to 1.81% in 2024 before a decline in 2025.
- Non-current Assets
- Non-current assets as a portion of total assets have steadily decreased from 49.1% in 2020 to 33.42% in 2025, reflecting a shift in the balance sheet structure favoring current assets.
- Land, property, and equipment show a moderate increase in their share, rising from 5.6% to 7.8% over the six-year period, indicating ongoing investment or appreciation in physical assets.
- Goodwill has declined significantly from 22.04% in 2020 to 11.15% in 2025, highlighting a reduction in intangible goodwill assets, possibly due to impairments or disposals.
- Similarly, purchased intangible assets exhibit a marked decrease from 14.99% to 2.77%, suggesting amortization or write-down of these assets.
- Deferred income taxes grow steadily from 2.55% to 6.88%, indicating increasing deferred tax asset recognition or timing differences in tax accounting.
- Other non-current assets remain relatively stable, hovering slightly below or above 4%, showing consistent proportions without notable volatility.
- Operating lease right-of-use (ROU) assets show modest growth from 1.09% up to 1.68%, implying gradual increase in leased asset recognition.
- The executive deferred savings plan assets remain relatively steady with a slight overall increase from 2.3% to 2.18%, showing minor fluctuations around a consistent level.
- Overall Asset Composition Trends
- The data reveals a strategic shift in asset allocation over the years, with increasing emphasis on current assets, particularly marketable securities and inventories, and a deliberate reduction in intangible assets such as goodwill and purchased intangibles.
- The gradual decrease in non-current assets as a share of total assets might indicate portfolio optimization towards more liquid and short-term assets to enhance flexibility or adapt to market conditions.
- The rising deferred income taxes suggest potential growth in temporary differences affecting taxable income, with growing recognition of tax assets on the balance sheet.