Stock Analysis on Net
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Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Accounts payable
Deferred system revenue
Deferred service revenue
Short-term debt
Current portion of long-term debt
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Deferred tax liabilities
Deferred service revenue
Other non-current liabilities
Non-current liabilities
Total liabilities
Common stock and capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Total KLA stockholders’ equity
Non-controlling interest in consolidated subsidiaries
Total stockholders’ equity
Total liabilities and stockholders’ equity

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).

Accounts Payable
The accounts payable as a percentage of total liabilities and stockholders’ equity showed a gradual increase from 2.4% in September 2019, peaking around 3.86% in December 2022, before subsequently declining to around 2.63% by September 2025. This indicates some volatility with a tendency to moderate in later periods.
Deferred System Revenue
Deferred system revenue exhibited fluctuations throughout the period, initially ranging near 3%, then increasing significantly from 4.63% in June 2023 to a peak of 7.15% in December 2024, followed by a slight decline to approximately 5.02% in September 2025. This pattern suggests growing advance payments or obligations under system contracts, reaching higher levels in the most recent years.
Deferred Service Revenue
This liability remained relatively stable, with a gradual increase from around 2.18% in September 2019 to 3.71% in September 2025. The trend points to a steady accumulation of service-related deferred revenue obligations over time.
Short-term Debt
Short-term debt data are sparse but indicate minimal percentages around 0.17% to 0.2% of total liabilities and equity between late 2020 and early 2022, suggesting limited reliance on short-term borrowing during this period.
Current Portion of Long-term Debt
This metric appears only in later periods, appearing at 5.25% in March 2024 then slightly declining to 4.78% by June 2024, implying an increasing short-term debt maturity profile in recent years.
Other Current Liabilities
Other current liabilities grew from 10.76% in September 2019 to a peak around 16.85% in June 2023 before fluctuating slightly downward to approximately 13.46% in September 2025. This shows a general upward trend, highlighting the growth of miscellaneous current obligations.
Current Liabilities
Total current liabilities exhibited an upward trend from around 21% in late 2019, peaking above 32% in June 2023, then decreasing moderately to nearly 25% by September 2025. This trajectory signals increased short-term obligations with some easing in the most recent quarters.
Long-term Debt, Excluding Current Portion
Long-term debt metrics show considerable fluctuations. Beginning at 34.39% in September 2019, levels declined generally to about 29.32% by December 2021, then surged sharply to 52.88% in June 2022, before receding to around 36.07% by September 2025. The sharp spike in mid-2022 suggests issuance or reclassification of long-term liabilities, later partially reversed.
Deferred Tax Liabilities
Deferred tax liabilities declined steadily from 7.46% in September 2019 to 2.85% by September 2025, indicating a reduction in deferred tax obligations relative to the total capital structure.
Deferred Service Revenue (Alternate Entry)
A secondary measure of deferred service revenue rose gradually from about 1.09% in late 2019 to a peak near 2.32% in December 2024, then falling off to 1.76% in September 2025, consistent with the primary deferred service revenue trend suggesting increased deferred income from services.
Other Non-current Liabilities
Other non-current liabilities decreased moderately from 6.97% in September 2019 to 3.96% in September 2025, showing a downsizing of miscellaneous long-term obligations.
Non-current Liabilities
Non-current liabilities demonstrated volatility, increasing from just under 50% in 2019 to a peak exceeding 66% in June 2022, then declining steadily to 44.63% by September 2025. The mid-2022 peak aligns with the surge in long-term debt, indicating significant long-term financing activities.
Total Liabilities
Total liabilities remained relatively high and stable from roughly 71% in 2019, surging to nearly 89% in June 2022 with subsequent declines to 69.45% by September 2025. The increase reflects heightened leverage mid-period followed by deleveraging efforts.
Common Stock and Capital in Excess of Par Value
This equity component declined from about 22% in early 2020 to a low near 7.94% by June 2022, subsequently increasing and stabilizing near 15% toward late 2025, revealing significant fluctuations in equity capital contributions or stock valuation adjustments.
Retained Earnings
Retained earnings as a percentage of total capital fluctuated broadly; an initial fall from near 8% in 2019 to around 4% in mid-2022 was followed by a sizeable growth to above 15% by September 2025, illustrating a recovery and consistent profitability or earnings retention.
Accumulated Other Comprehensive Income (Loss)
This category remained slightly negative most periods, fluctuating between approximately -1% and close to zero, demonstrating relatively minor impacts from other comprehensive income items.
Total Stockholders’ Equity
Total equity declined steeply from approximately 29% in early periods to a low of around 11% in June 2022, before rebounding to over 30% by September 2025. This indicates a cyclical pattern with a notable equity contraction around mid-2022 followed by substantial recovery.
Summary
The company’s financial structure over the observed periods reveals considerable fluctuations in liabilities and equity proportions. A major spike in long-term debt and overall liabilities occurred around mid-2022, accompanied by a sharp drop in equity components. Subsequently, liabilities reduced and equity strengthened through to 2025. Current liabilities generally increased towards mid-2023 and then stabilized or declined. Deferred revenues and retained earnings showed increasing trends, suggesting growth in deferred income streams and retained profitability. Overall, the data illustrate a dynamic capital structure with phases of increased leverage and subsequent deleveraging coupled with recovery in equity.