Common-Size Balance Sheet: Assets
Quarterly Data
KLA Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets showed some fluctuation but generally remained within a range of approximately 10.7% to 14.6% over the observed periods. After peaking around late 2020 and early 2021, it experienced a slight decline and stabilized near the lower end of its historical range in the most recent quarters.
- Marketable Securities
- Marketable securities as a percentage of total assets exhibited an overall upward trend, notably increasing from around 8.3% in late 2019 to a peak exceeding 16% in 2023 and mid-2024. This suggests a strategic emphasis on liquid investment securities, with occasional dips but a clear rise in the latter periods.
- Accounts Receivable, Net
- This asset category demonstrated moderate variability, generally oscillating between 11% and 16% of total assets. The highest points occurred around the end of 2022 and mid-2024, indicating fluctuations possibly related to sales cycles or credit policy adjustments.
- Inventories
- Inventories steadily increased as a share of total assets, moving from approximately 13.6% to just above 20% by mid-2023. It maintained this elevated level with slight fluctuations, indicating a buildup of inventory potentially to meet anticipated demand or due to supply chain dynamics.
- Other Current Assets
- Other current assets remained relatively stable, generally ranging from 2.8% to 4.5%, with no significant long-term upward or downward trend, reflecting a consistent proportion of miscellaneous current assets in the asset base.
- Current Assets
- Overall current assets showed a notable upward trend from about 47% to nearly 67% of total assets over the observed timeframe. This increase was driven primarily by rises in inventories and marketable securities, highlighting a shift towards more liquid and short-term asset holdings.
- Land, Property, and Equipment, Net
- This asset class showed a gradual increase from around 5.1% to nearly 8% of total assets, indicating ongoing investment or capital expenditure in fixed assets. The trend suggests steady asset base expansion in tangible assets.
- Goodwill, Net
- Goodwill declined consistently from approximately 24.5% of total assets to below 11% by the end of the series. This reduction may reflect amortization, impairments, or divestitures of acquired businesses, signifying a decreasing reliance on acquired intangible goodwill over time.
- Deferred Income Taxes
- Deferred income taxes demonstrated a significant jump around late 2020, rising from approximately 2.3% to near 6%, and maintained elevated levels thereafter. This shift indicates changes in tax timing differences or tax asset/liability recognition impacting net asset composition.
- Purchased Intangible Assets, Net
- Purchased intangible assets steadily decreased in proportion, from about 16.8% down to under 3% by the final periods. This decline parallels the reduction in goodwill, suggesting systematic amortization or reclassification reducing the balance of purchased intangibles.
- Other Non-Current Assets
- Other non-current assets remained relatively stable throughout the periods, fluctuating around 4%, with minor increases at certain points but no marked directional trend, indicating a steady allocation to miscellaneous long-term assets.
- Non-Current Assets
- The total non-current assets as a percentage of total assets decreased from nearly 53% to approximately 33%. This pronounced decline corresponds with the reductions in goodwill and intangible assets, somewhat offset by gains in property and equipment, demonstrating a shift from intangible to tangible asset focus.
- Total Assets
- The total assets are consistently represented as 100%, serving as the basis for all proportional analyses of the asset components.