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.

Paying user area

Try for free

KLA Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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

US$ in thousands

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

The balance sheet exhibits a significant expansion in total assets and funding over the analyzed period, with total liabilities and stockholders' equity growing from $9.2 billion in September 2019 to $16.8 billion by March 2026. This growth is characterized by a substantial increase in both long-term debt obligations and accumulated equity, reflecting a larger operational scale and a shift in capital structure.

Liability Structure and Trends
Current liabilities demonstrated a strong upward trajectory, increasing from $1.9 billion in 2019 to a peak of $4.8 billion in late 2023, before stabilizing around $3.7 billion by March 2026. A primary driver of this volatility was deferred system revenue, which peaked at $1.07 billion in December 2024. Other current liabilities also saw a steady climb, nearly doubling from approximately $1 billion to over $2 billion between 2019 and 2025.
Non-current liabilities experienced a sharp inflection point in June 2022, where long-term debt rose from $3.7 billion to $6.6 billion. While this figure fluctuated slightly in subsequent quarters, it remained elevated, ending the period at $5.8 billion. Conversely, deferred tax liabilities showed a gradual decline, falling from $688 million in 2019 to $444 million by March 2026.
Debt Obligations and Liquidity Indicators
The debt profile shifted toward longer-term financing following the 2022 increase in non-current debt. A notable spike in the current portion of long-term debt occurred between December 2023 and September 2024, maintaining a consistent level of approximately $750 million during that window, which suggests a structured repayment schedule for maturing obligations.
Accounts payable grew from $221 million in 2019 to a high of $515 million by March 2026, indicating an increase in trade credit utilization consistent with the growth in total operational volume.
Stockholders' Equity and Capital Retention
Total stockholders' equity more than doubled over the period, rising from $2.6 billion in September 2019 to $5.8 billion by March 2026. This growth was primarily fueled by a surge in retained earnings, which climbed from $733 million in 2019 to $3.1 billion by the end of the period, signaling strong internal capital generation and profit retention.
Accumulated other comprehensive income remained predominantly negative throughout the period, although it experienced a brief transition to positive territory in 2025 before returning to a deficit of $31.9 million by March 2026.

The overall financial position indicates a transition toward a more leveraged balance sheet in the mid-term, offset by a substantial build-up of equity and retained earnings in the later years. The increase in deferred service and system revenues suggests a growing pipeline of future revenue recognition, while the expansion of the equity base provides a stronger buffer against the increased long-term debt load.