Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

Common-Size Income Statement

KLA Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Product 79.83 79.26 75.74 74.55 74.25 78.30
Service 20.17 20.74 24.26 25.45 25.75 21.70
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of revenues -40.19 -39.00 -40.07 -42.19 -40.92 -35.86
Gross margin 59.81% 61.00% 59.93% 57.81% 59.08% 64.14%
Research and development -12.35 -12.00 -13.42 -14.88 -15.56 -15.08
Selling, general and administrative -9.40 -9.34 -10.55 -12.64 -13.11 -10.98
Goodwill impairment 0.00 0.00 0.00 -4.42 0.00 0.00
Income from operations 38.06% 39.67% 35.97% 25.87% 30.41% 38.08%
Interest expense -2.83 -1.74 -2.27 -2.76 -2.73 -2.83
Loss on extinguishment of debt -0.13 0.00 0.00 -0.39 0.00 0.00
Interest income 0.71 0.09 0.13 0.37 0.88 0.91
Foreign exchange gains (losses), net 0.00 -0.04 -0.07 -0.07 0.01 -0.02
Net realized gains (losses) on sale of investments -0.01 0.00 0.00 0.01 -0.03 -0.01
Other 0.30 -0.10 0.36 -0.35 -0.17 -0.07
Other income (expense), net 1.00% -0.05% 0.42% -0.05% 0.69% 0.82%
Income before income taxes 36.10% 37.88% 34.12% 22.68% 28.37% 36.07%
Provision for income taxes -3.83 -1.81 -4.09 -1.75 -2.65 -16.19
Net income 32.27% 36.06% 30.03% 20.93% 25.72% 19.87%
Net (income) loss attributable to non-controlling interest 0.00 0.00 0.01 0.03 0.01 0.00
Net income attributable to KLA 32.27% 36.06% 30.04% 20.96% 25.73% 19.87%

Based on: 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. KLA Corp. income from operations as a percentage of revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. KLA Corp. income before income taxes as a percentage of revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net income attributable to KLA The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. KLA Corp. net income attributable to KLA as a percentage of revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.