Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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

US$ in thousands

Microsoft Excel
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-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
Accounts payable showed a generally increasing trend from September 2019 through December 2022, rising from approximately $221 million to over $530 million. However, starting in March 2023, the value declined significantly, falling to around $364 million by June 2023, before stabilizing and gradually increasing again to about $458 million by June 2025.
Deferred System Revenue
This liability exhibited fluctuations over the analyzed period. Initial values hovered between $247 million and $336 million until mid-2020, after which there was a steady rise, peaking near $1.07 billion in December 2024. This suggests an increasing amount of revenue received but not yet earned, reflecting possibly growing business commitments or contract renewals. A slight decline followed in early 2025.
Deferred Service Revenue
Deferred service revenue steadily increased across the periods, rising from just over $200 million in late 2019 to close to $548 million by mid-2025. This consistent upward movement indicates an expanding backlog of services contracted but not yet delivered.
Short-Term Debt and Current Portion of Long-Term Debt
Short-term debt appeared only in the latter half of 2020, consistently at $20 million for several quarters, then disappeared. The current portion of long-term debt was mostly absent except for a sharp increase from September 2023 onward, stabilizing near $750 million, likely reflecting scheduled amortization or upcoming maturities.
Other Current Liabilities and Current Liabilities
Other current liabilities rose from around $993 million at the end of 2019 to over $2.3 billion by mid-2023, with some volatility afterwards. Overall, this contributed to a rise in total current liabilities from approximately $1.9 billion in 2019 to peaks approaching $4.8 billion by late 2024, followed by a decrease in subsequent periods.
Long-Term Debt (Excluding Current Portion)
Long-term debt remained relatively stable around $3.4 billion through most periods, with a notable increase to approximately $6.7 billion in mid-2022, followed by a gradual decrease to just under $5.9 billion by mid-2025. This pattern shows significant borrowing occurring around 2022, later partially repaid or restructured.
Deferred Tax Liabilities
Deferred tax liabilities showed a general declining trend over time from nearly $689 million in 2019 to around $447 million by mid-2025, with some fluctuations. This decline may indicate a reduction in future tax obligations or changes in tax regulations or asset valuations.
Other Non-Current Liabilities and Total Non-Current Liabilities
Other non-current liabilities fluctuated between approximately $620 million and $1 billion, with notable peaks around 2022-2023, before decreasing toward mid-2025. Total non-current liabilities followed a steady upward progression, peaking above $8.3 billion in early 2022, mostly driven by long-term debt and other obligations, then declined to about $7.3 billion by mid-2025.
Total Liabilities
Total liabilities generally increased from about $6.5 billion in late 2019 to a peak exceeding $12.1 billion by late 2024. A decline was observed thereafter to about $11.4 billion by mid-2025. The rise reflects growing obligations including borrowings and deferred revenues, while the subsequent decrease may indicate repayments or liability reclassification.
Common Stock and Capital in Excess of Par Value
Equity components showed gradual growth overall, starting near $2 billion at the end of 2019 and reaching approximately $2.5 billion by mid-2025, with variability including a mid-2020 dip coinciding with a reassessment or capital restructuring. This suggests ongoing equity financing or retained earnings contributions.
Retained Earnings
Retained earnings were somewhat volatile, initially around $733 million, dropping sharply in early 2020, then steadily climbing to over $2.1 billion by June 2025. This rise reflects accumulation of net income over time less dividends and other adjustments, indicating profitability improvements.
Accumulated Other Comprehensive Income (Loss)
This component remained negative throughout most periods, fluctuating with no clear upward or downward trajectory until a notable positive reversal in mid-2025, suggesting changes in unrealized gains or losses on certain assets or instruments that impact equity outside net income.
Total Stockholders’ Equity
Total equity trended upward from about $2.7 billion in late 2019 to over $4.6 billion by mid-2025, with a sharp dip in early 2022 likely due to extraordinary items or reclassifications, followed by recovery. The steady increase reflects retained earnings growth, equity issuance, and other capital factors.
Total Liabilities and Stockholders’ Equity
The combined total of liabilities and equity rose consistently from approximately $9.2 billion in late 2019 to nearly $16.1 billion by mid-2025, indicating overall balance sheet expansion. The growth predominantly reflects increased liabilities and stockholders’ equity, pointing to business growth or increased financial activity.