Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Accounts payable	371,026)	443,338)	342,083)	264,280)	202,416)	169,354)
Deferred system revenue	651,720)	500,969)	295,192)	336,237)	282,348)	279,581)
Deferred service revenue	416,606)	381,737)	284,936)	233,493)	206,669)	69,255)
Short-term debt	—)	—)	20,000)	—)	—)	—)
Current portion of long-term debt	—)	—)	—)	—)	249,999)	—)
Customer deposits	769,000)	394,016)	—)	—)	—)	—)
Compensation and benefits	370,536)	351,924)	305,445)	251,379)	226,462)	177,587)
Executive Deferred Savings Plan (EDSP)	258,223)	225,867)	268,028)	215,167)	208,926)	199,505)
Income taxes payable	383,012)	126,964)	87,320)	35,640)	23,350)	23,287)
Interest payable	105,270)	39,683)	36,135)	36,265)	31,992)	16,947)
Current operating lease liabilities	34,042)	32,218)	32,322)	28,994)	—)	—)
Other liabilities and accrued expenses	383,407)	374,367)	431,766)	298,331)	336,324)	282,567)
Other current liabilities	2,303,490)	1,545,039)	1,161,016)	865,776)	827,054)	699,893)
Current liabilities	3,742,842)	2,871,083)	2,103,227)	1,699,786)	1,768,486)	1,218,083)
Long-term debt, excluding current portion	5,890,736)	6,660,718)	3,422,767)	3,469,670)	3,173,383)	2,237,402)
Deferred tax liabilities	529,287)	658,937)	650,623)	660,885)	702,285)	1,197)
Deferred service revenue	176,681)	124,618)	87,575)	96,325)	98,772)	71,997)
Income taxes payable	322,113)	367,052)	333,866)	383,447)	392,266)	371,665)
Customer deposits	156,874)	204,914)	—)	—)	—)	—)
Non-current operating lease liabilities	138,354)	81,369)	70,739)	70,885)	—)	—)
Pension liabilities	63,672)	78,525)	87,602)	78,911)	79,622)	66,786)
Other non-current liabilities	132,045)	150,782)	139,083)	139,041)	116,009)	31,715)
Other non-current liabilities	813,058)	882,642)	631,290)	672,284)	587,897)	470,166)
Non-current liabilities	7,409,762)	8,326,915)	4,792,255)	4,899,164)	4,562,337)	2,780,762)
Total liabilities	11,152,604)	11,197,998)	6,895,482)	6,598,950)	6,330,823)	3,998,845)
Preferred stock, $0.001 par value, none outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.001 par value	137)	142)	153)	155)	159)	156)
Capital in excess of par value	2,107,526)	1,061,798)	2,175,835)	2,090,113)	2,017,153)	617,843)
Retained earnings	848,431)	366,882)	1,277,123)	654,930)	714,825)	1,056,445)
Accumulated other comprehensive loss	(36,341)	(27,471)	(75,557)	(79,774)	(73,029)	(53,933)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Non-controlling interest in consolidated subsidiaries	—)	(2,261)	(1,912)	15,586)	18,585)	—)
Total stockholders’ equity	2,919,753)	1,399,090)	3,375,642)	2,681,010)	2,677,693)	1,620,511)
Total liabilities and stockholders’ equity	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	KLA Corp. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	KLA Corp. non-current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	KLA Corp. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Total KLA stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	KLA Corp. total KLA stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

KLA Corp. (NASDAQ:KLAC)

Balance Sheet: Liabilities and Stockholders’ Equity