Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

KLA Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Accounts payable 3.47 2.85 2.33 2.64 3.52 3.33
Deferred system revenue 5.20 5.08 6.39 4.63 3.98 2.87
Deferred service revenue 3.37 3.41 3.25 2.96 3.03 2.77
Short-term debt 0.00 0.00 0.00 0.00 0.00 0.19
Current portion of long-term debt 0.00 0.00 4.86 0.00 0.00 0.00
Compensation and benefits 2.74 2.60 2.41 2.63 2.79 2.97
Customer deposits 2.40 3.96 4.18 5.46 3.13 0.00
Executive Deferred Savings Plan (EDSP) liabilities 2.32 2.18 1.96 1.83 1.79 2.61
Interest payable 0.61 0.68 0.83 0.75 0.32 0.35
Income taxes payable 0.47 1.04 0.95 2.72 1.01 0.85
Current operating lease liabilities 0.29 0.28 0.24 0.24 0.26 0.31
Other liabilities and accrued expenses 3.12 3.33 2.79 2.72 2.97 4.20
Other current liabilities 11.94% 14.08% 13.37% 16.37% 12.27% 11.30%
Current liabilities 23.98% 25.43% 30.20% 26.60% 22.79% 20.48%
Long-term debt, excluding current portion 32.80 36.62 38.10 41.86 52.88 33.32
Deferred tax liabilities 2.64 2.78 3.15 3.76 5.23 6.33
Deferred service revenue 1.33 2.17 1.91 1.26 0.99 0.85
Income taxes payable 1.40 1.38 1.89 2.29 2.91 3.25
Non-current operating lease liabilities 1.18 0.99 0.99 0.98 0.65 0.69
Pension liabilities 0.24 0.32 0.34 0.45 0.62 0.85
Customer deposits 0.02 0.04 0.65 1.11 1.63 0.00
Other non-current liabilities 1.05 1.06 0.95 0.94 1.20 1.35
Other non-current liabilities 3.89% 3.79% 4.81% 5.78% 7.01% 6.15%
Non-current liabilities 40.65% 45.37% 47.98% 52.65% 66.10% 46.66%
Total liabilities 64.63% 70.80% 78.18% 79.25% 88.89% 67.13%
Preferred stock, $0.001 par value, none outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.001 par value 0.01 0.00 0.00 0.00 0.00 0.00
Capital in excess of par value 15.04 15.63 14.77 14.98 8.43 21.18
Retained earnings 20.52 13.56 7.37 6.03 2.91 12.43
Accumulated other comprehensive income (loss) -0.19 0.01 -0.32 -0.26 -0.22 -0.74
Total KLA stockholders’ equity 35.37% 29.20% 21.82% 20.75% 11.12% 32.88%
Non-controlling interest in consolidated subsidiaries 0.00 0.00 0.00 0.00 -0.02 -0.02
Total stockholders’ equity 35.37% 29.20% 21.82% 20.75% 11.11% 32.87%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-06-30), 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).

The capital structure exhibits a significant volatility cycle between 2021 and 2026, characterized by a sharp increase in leverage in 2022 followed by a consistent multi-year trend toward deleveraging and equity restoration.

Total Liability Trends
Total liabilities experienced a substantial spike in 2022, reaching 88.89% of total liabilities and stockholders’ equity, compared to 67.13% in 2021. Following this peak, a steady contraction is observed, with liabilities declining to 70.80% in 2025 and further to 64.63% by 2026.
Debt and Non-Current Liabilities
The surge in 2022 was primarily driven by long-term debt, which rose from 33.32% in 2021 to a peak of 52.88% in 2022. This position was systematically reduced over the following four years, ending at 32.80% in 2026. Non-current liabilities as a whole followed a similar trajectory, peaking at 66.10% in 2022 and descending to 40.65% by 2026.
Current Liability Analysis
Current liabilities showed a gradual increase from 20.48% in 2021 to a peak of 30.20% in 2024, before moderating to 23.98% in 2026. This growth was partly influenced by a rise in deferred system revenue, which increased from 2.87% in 2021 to 6.39% in 2024, suggesting a period of increased advance payments or contractual obligations.
Stockholders’ Equity Composition
Total stockholders’ equity saw a dramatic contraction in 2022, falling to 11.11% from 32.87% in 2021. A consistent recovery followed, with equity expanding to 35.37% by 2026. A primary driver of this recovery was retained earnings, which dropped to 2.91% in 2022 but grew aggressively to 20.52% by 2026, indicating a shift toward internal capital accumulation.
Operating and Tax Liabilities
Deferred tax liabilities showed a consistent downward trend, decreasing from 6.33% in 2021 to 2.64% in 2026. Customer deposits fluctuated significantly, peaking at 5.46% in 2023 before nearly disappearing to 0.02% by 2026, indicating a change in customer payment patterns or revenue recognition timing.

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