Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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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., consolidated balance sheet: assets
US$ in thousands
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).
The analyzed data exhibits several noteworthy trends across the company's asset categories over the six-year period.
- Cash and Cash Equivalents
- There is a steady increase in cash and cash equivalents from US$1.23 billion in 2020 to US$2.08 billion in 2025, indicating improved liquidity and cash management over time.
- Marketable Securities
- The marketable securities balance shows a consistent upward trajectory, nearly doubling from US$746 million in 2020 to approximately US$2.42 billion in 2025, reflecting a strategy of increasing short-term investments.
- Accounts Receivable, Net
- Accounts receivable increased substantially, particularly between 2021 and 2022, rising from US$1.31 billion to about US$1.81 billion, then fluctuating before reaching US$2.26 billion in 2025. This growth might indicate expanding sales but may also signal extended collection periods.
- Inventories
- Inventories exhibit a significant upward trend, rising from US$1.31 billion in 2020 to over US$3.21 billion in 2025. This steady increase could reflect stockpiling or higher production volumes, potentially in anticipation of increased demand.
- Deferred Costs of Revenues
- Deferred costs of revenues generally increased over the period, particularly between 2022 and 2024, more than doubling to US$279.9 million before declining slightly to US$223.8 million in 2025. This may suggest changes in revenue recognition or contract structures.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses increased moderately, reaching US$201 million in 2025 from US$75 million in 2020, while other current assets doubled or more over the period, suggesting increased upfront payments and miscellaneous current holdings.
- Contract Assets
- Contract assets fluctuated with a peak in 2023 at about US$117 million, followed by a sharp drop in 2024, indicating variability in contract execution or billing cycles.
- Prepaid Income and Other Taxes
- These amounts were volatile, with an increase until 2022, a decline in 2023, and variability afterward. This inconsistency may be associated with timing differences in tax payments or policy changes.
- Current Assets
- Total current assets grew consistently from US$4.72 billion in 2020 to US$10.7 billion in 2025, nearly doubling, which reflects overall growth in liquid and near-liquid assets.
- Land, Property and Equipment, Net
- Fixed assets grew steadily from US$520 million in 2020 to US$1.25 billion in 2025, indicating ongoing investments in property and equipment to support business operations.
- Goodwill, Net
- Goodwill peaked around 2022 at US$2.32 billion but declined thereafter to US$1.79 billion in 2025, potentially suggesting divestitures or impairment charges during the later years.
- Deferred Income Taxes
- Deferred income taxes show significant growth, increasing nearly fivefold from US$237 million in 2020 to US$1.11 billion in 2025, indicating shifting tax liabilities or recognition of deferred tax assets.
- Purchased Intangible Assets, Net
- Purchased intangible assets steadily decreased from US$1.39 billion in 2020 to US$445 million in 2025, which could be due to amortization or disposals.
- Executive Deferred Savings Plan (EDSP)
- The EDSP balance increased consistently from US$213 million in 2020 to US$350 million in 2025, suggesting accumulation of deferred executive compensation or savings.
- Operating Lease Right-of-Use Assets
- These assets grew significantly, more than doubling from US$101 million in 2020 to nearly US$270 million in 2025, reflecting leasing arrangements expanding over the years.
- Other Non-Current Assets
- Both categories of other non-current assets increased, totalizing to growth from approximately US$411 million in 2020 to over US$927 million in 2025, indicating increased longer-term investments or prepaid items.
- Non-Current Assets
- Non-current assets increased from US$4.56 billion in 2020 to a peak around US$5.7 billion in 2023, followed by a slight decline to US$5.37 billion in 2025, reflecting asset acquisitions offset by disposals or depreciation.
- Total Assets
- Overall total assets steadily rose from US$9.28 billion in 2020 to US$16.07 billion in 2025, illustrating significant company growth and expansion of asset base over the period.