KLA Corp., adjustment to net income attributable to KLA

US$ in thousands

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Net income attributable to KLA (as reported)	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Add: Net change related to available-for-sale securities	9,143)	2,689)	(16,081)	(3,088)	5,299)	9,750)
Net income attributable to KLA (adjusted)	2,771,039)	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)

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KLA Corp., adjusted profitability ratios

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Net Profit Margin
Reported net profit margin	28.15%	32.27%	36.06%	30.04%	20.96%	25.73%
Adjusted net profit margin	28.24%	32.30%	35.89%	29.99%	21.05%	25.94%
Return on Equity (ROE)
Reported ROE	82.00%	116.01%	237.04%	61.53%	45.65%	44.21%
Adjusted ROE	82.27%	116.10%	235.90%	61.44%	45.85%	44.58%
Return on Assets (ROA)
Reported ROA	17.90%	24.07%	26.37%	20.23%	13.11%	13.05%
Adjusted ROA	17.95%	24.09%	26.24%	20.20%	13.17%	13.16%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	KLA Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	KLA Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	KLA Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

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	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)
Profitability Ratio
Net profit margin¹	28.15%	32.27%	36.06%	30.04%	20.96%	25.73%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	2,771,039)	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)
Profitability Ratio
Adjusted net profit margin²	28.24%	32.30%	35.89%	29.99%	21.05%	25.94%

2024 Calculations

¹ Net profit margin = 100 × Net income attributable to KLA ÷ Revenues
= 100 × 2,761,896 ÷ 9,812,247 = 28.15%

² Adjusted net profit margin = 100 × Adjusted net income attributable to KLA ÷ Revenues
= 100 × 2,771,039 ÷ 9,812,247 = 28.24%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	KLA Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Total KLA stockholders’ equity	3,368,328)	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)
Profitability Ratio
ROE¹	82.00%	116.01%	237.04%	61.53%	45.65%	44.21%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	2,771,039)	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)
Total KLA stockholders’ equity	3,368,328)	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)
Profitability Ratio
Adjusted ROE²	82.27%	116.10%	235.90%	61.44%	45.85%	44.58%

2024 Calculations

¹ ROE = 100 × Net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 2,761,896 ÷ 3,368,328 = 82.00%

² Adjusted ROE = 100 × Adjusted net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 2,771,039 ÷ 3,368,328 = 82.27%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	KLA Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
As Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)
Profitability Ratio
ROA¹	17.90%	24.07%	26.37%	20.23%	13.11%	13.05%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income attributable to KLA	2,771,039)	3,389,966)	3,305,726)	2,075,204)	1,222,084)	1,185,367)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)
Profitability Ratio
Adjusted ROA²	17.95%	24.09%	26.24%	20.20%	13.17%	13.16%

2024 Calculations

¹ ROA = 100 × Net income attributable to KLA ÷ Total assets
= 100 × 2,761,896 ÷ 15,433,566 = 17.90%

² Adjusted ROA = 100 × Adjusted net income attributable to KLA ÷ Total assets
= 100 × 2,771,039 ÷ 15,433,566 = 17.95%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	KLA Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

KLA Corp. (NASDAQ:KLAC)

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