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.

KLA Corp., consolidated balance sheet: assets

US$ in thousands

	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash and cash equivalents	1,649,842)	2,078,908)	1,977,129)	1,927,865)	1,584,908)	1,434,610)
Marketable securities	3,252,566)	2,415,715)	2,526,866)	1,315,294)	1,123,100)	1,059,912)
Accounts receivable, net	2,889,208)	2,263,915)	1,833,041)	1,753,361)	1,811,877)	1,305,479)
Inventories	3,648,538)	3,212,149)	3,034,781)	2,876,784)	2,146,889)	1,575,380)
Deferred costs of revenues	257,175)	223,829)	279,879)	133,067)	124,487)	59,953)
Prepaid expenses	224,515)	201,053)	124,969)	121,204)	108,942)	76,649)
Prepaid income and other taxes	169,090)	64,704)	102,398)	64,901)	89,713)	68,847)
Contract assets	131,673)	105,081)	69,259)	117,137)	114,747)	91,052)
Other current assets	159,183)	133,435)	82,822)	62,419)	64,248)	24,366)
Other current assets	941,636)	728,102)	659,327)	498,728)	502,137)	320,867)
Current assets	12,381,790)	10,698,789)	10,031,144)	8,372,032)	7,168,911)	5,696,248)
Land, property and equipment, net	1,380,550)	1,252,775)	1,109,968)	1,031,841)	849,929)	663,027)
Goodwill, net	1,788,758)	1,792,193)	2,015,726)	2,278,820)	2,320,049)	2,011,172)
Deferred income taxes	1,037,224)	1,105,770)	915,241)	816,899)	579,173)	270,461)
Purchased intangible assets, net	255,835)	444,785)	668,764)	935,303)	1,194,414)	1,185,311)
Executive Deferred Savings Plan (EDSP) assets	416,389)	349,530)	303,365)	256,846)	224,188)	266,199)
Operating lease ROU assets	335,065)	269,714)	231,812)	208,706)	126,444)	102,883)
Long-term accounts receivable, net	180,729)	—)	—)	—)	—)	—)
Other non-current assets	175,195)	154,370)	157,546)	171,910)	133,980)	75,823)
Other non-current assets	1,107,378)	773,614)	692,723)	637,462)	484,612)	444,905)
Non-current assets	5,569,745)	5,369,137)	5,402,422)	5,700,325)	5,428,177)	4,574,876)
Total assets	17,951,535)	16,067,926)	15,433,566)	14,072,357)	12,597,088)	10,271,124)

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).

Total assets exhibit a consistent upward trajectory, increasing from 10.27 billion US dollars in 2021 to 17.95 billion US dollars by 2026. This growth is primarily driven by a substantial expansion in current assets, which have more than doubled over the period, while non-current assets have shown a more moderate and stabilized growth pattern.

Liquidity and Cash Position: A strong increase in liquid assets is observed. Combined cash, cash equivalents, and marketable securities rose from approximately 2.49 billion US dollars in 2021 to 4.90 billion US dollars in 2026. While cash and cash equivalents peaked in 2025 before a slight decline in 2026, marketable securities demonstrated a strong growth trend, nearly tripling over the analyzed period, indicating a strategic shift toward higher-yield short-term investments.
Working Capital and Operational Assets: Operational assets show a steady expansion, reflecting scaled business activities. Inventories increased from 1.58 billion US dollars in 2021 to 3.65 billion US dollars in 2026, suggesting higher production levels or strategic stockpiling. Similarly, net accounts receivable grew from 1.31 billion US dollars to 2.89 billion US dollars, indicating an increase in credit sales or longer collection cycles associated with higher revenue volumes.
Fixed Asset Investment: Investment in land, property, and equipment (net) has followed a consistent growth path, rising from 663 million US dollars in 2021 to 1.38 billion US dollars in 2026. This indicates a sustained commitment to expanding physical infrastructure and productive capacity.
Intangible Assets and Goodwill: A significant divergence is noted in the valuation of non-physical assets. Purchased intangible assets experienced a sharp and continuous decline, falling from 1.19 billion US dollars in 2021 to 256 million US dollars in 2026, likely due to scheduled amortization. Goodwill remained relatively stable, peaking in 2022 at 2.32 billion US dollars before gradually declining to 1.79 billion US dollars by 2026.
Other Non-Current Dynamics: Deferred income taxes showed a marked increase, growing from 270 million US dollars in 2021 to over 1 billion US dollars by 2026, suggesting changes in tax positioning or timing differences between accounting and tax reporting. Additionally, Executive Deferred Savings Plan assets grew steadily, reaching 416 million US dollars by 2026.

KLA Corp. (NASDAQ:KLAC)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items