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
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 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
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 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: 2025-03-31), 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), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

The analysis of the quarterly financial data reveals several noteworthy trends across liabilities, equity, and overall financial structure over the sampled periods.

Accounts Payable
The accounts payable balance shows a generally increasing trend from approximately 155 million USD in late 2018 to peaks above 530 million USD by late 2022. Subsequently, there is a significant decline in 2023, falling back to around 360–430 million USD. This pattern suggests periods of fluctuating supplier obligations and possibly changes in purchasing or payment strategies.
Deferred Revenues
Deferred system revenue exhibits high volatility, with values rising from around 216 million USD at the end of 2018 to peaks exceeding 1 billion USD in 2024. Deferred service revenue also increases steadily, from about 166 million USD to over 500 million USD by 2024. These trends indicate growth in unearned income, reflecting increasing advance billings or postponed revenue recognition, potentially linked to evolving contract structures or service offerings.
Debt Obligations
Short-term debt appears only in limited quarters around 2020 and 2021, consistently at 20 million USD, indicating temporary short-term borrowings. The current portion of long-term debt surges notably in 2024, rising from no reported balance to approximately 750 million USD, which suggests significant portions of long-term debt maturing within the year. Meanwhile, long-term debt (excluding current portion) swings considerably, with a marked increase from about 3.4 billion USD through 2022 followed by a peak over 6.6 billion USD mid-2022, then a decrease towards 5.8 billion USD in subsequent periods, reflecting considerable refinancing or restructuring activities.
Other Liabilities
Both other current liabilities and other non-current liabilities show upward trends over the periods. Other current liabilities nearly triple, moving from about 773 million USD in 2018 to peaks exceeding 2.3 billion USD in 2023, before slightly declining. Other non-current liabilities remain relatively stable with moderate fluctuations around 600–800 million USD, with a temporary spike in 2022. These movements suggest increasing miscellaneous obligations, possibly accrued expenses, or contingent liabilities.
Total Liabilities
Total liabilities have escalated substantially, rising from approximately 4.1 billion USD in 2018 to peaks over 12 billion USD by 2023, before slightly decreasing in 2024. This reflects expanding financial obligations and may indicate significant capital investments, acquisitions, or leverage activities.
Stockholders’ Equity
The common stock and additional paid-in capital experienced major growth episodes, notably doubling around early 2019, then stabilizing with modest increases thereafter. Retained earnings demonstrate sharp fluctuations; early periods reflect decreases leading to lows below 400 million USD in 2020, followed by strong recovery and growth reaching over 1.6 billion USD by 2025. Accumulated other comprehensive loss remains negative throughout but decreases in magnitude towards later years, indicating some recovery in comprehensive income elements. Overall total stockholders’ equity more than doubled from roughly 1.57 billion USD in 2018 to nearly 4 billion USD by 2025, suggesting growth in net assets and reinvested earnings despite some volatility.
Overall Financial Position
Total liabilities and stockholders’ equity combined rose from about 5.6 billion USD in 2018 to a peak exceeding 15.6 billion USD by late 2024, indicating substantial growth in the company’s scale. The increase in liabilities outpaces equity growth, highlighting heavier reliance on debt financing. The composition of liabilities also shifted, with long-term debt forming a dominant component, and the rise in deferred revenues signaling expanding future income recognition streams.

In summary, the data reflects a company undergoing significant expansion, as demonstrated by growth in liabilities and equity accounts. The increasing deferred revenues align with growing advance sales or service contracts, while elevated debt levels and maturing debt portions in current liabilities suggest active management of capital structure, possibly through refinancing. The fluctuations in retained earnings and comprehensive loss hint at varying operational profitability and market conditions impacting equity. Overall, the financial patterns indicate dynamic balance sheet developments consistent with business growth and investment activities over the analyzed periods.