Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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KLA Corp., common-size consolidated balance sheet: assets (quarterly data)

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
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Other current assets
Current assets
Land, property and equipment, net
Goodwill, net
Deferred income taxes
Purchased intangible assets, net
Other non-current assets
Non-current assets
Total assets

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).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets decreased sharply from 29.22% in September 2018 to around 11-13% in subsequent years, stabilizing mostly between 11% and 14% through 2024. This indicates a reduction in cash holdings as a share of assets after 2018, with relatively stable liquidity maintained thereafter.
Marketable securities
Marketable securities as a percentage of total assets showed an initial decline from 20.03% in late 2018 to below 8% by early 2020. Thereafter, a gradual recovery is observed, reaching over 16% by early 2024, indicating a strategic shift towards increased investment in marketable securities in recent years.
Accounts receivable, net
This ratio fluctuated moderately around 10-15%, with notable peaks near 16.63% in December 2022 and again slightly declining to around 12-14% by mid-2024. This pattern reflects some variability in collections or sales on credit, but generally a stable proportion of receivables relative to assets.
Inventories
Inventories as a percentage of total assets declined from 17.6% in late 2018 to about 13.5% by late 2019 but have shown a steady upward trend since, reaching above 20% by mid-2024. This consistent increase implies accumulation or growth in inventory holdings, potentially pointing to stockpiling or increased production capabilities.
Other current assets
The share of other current assets remained relatively low and stable throughout the period, generally fluctuating between 2.3% and 4.3%. There is a slight upward tendency towards the end of the latest period, but no significant volatility.
Current assets
Current assets as a whole exhibited a steep decline from above 80% in late 2018 to around 48% in early 2019, then a steady increase thereafter, rising to about 65% by mid-2024. This reflects a significant shift in asset composition, with an increasing emphasis on liquidity and short-term assets in recent years.
Land, property and equipment, net
The ratio increased slightly from about 5.16% in 2018 to nearly 7.9% by mid-2024, indicating gradual asset growth in long-term fixed assets, signaling investment or expansion in physical infrastructure.
Goodwill, net
Goodwill experienced a sharp increase from about 6.38% in late 2018 to a peak above 24% by early 2019, followed by a steady decline to approximately 11-12% by mid-2024. This suggests prior acquisitions that significantly increased goodwill, with subsequent impairment or amortization reducing its relative value over time.
Deferred income taxes
This item was stable near 4% early on, increased sharply to about 6% in the 2021-2024 period, indicating rising deferred tax assets or liabilities possibly due to timing differences in income recognition or tax planning strategies.
Purchased intangible assets, net
Purchased intangible assets rose markedly from about 0.45% in 2018 to above 18% by early 2019, then steadily declined to around 3.3% by mid-2024. This pattern mirrors that of goodwill, suggesting that significant intangible asset acquisitions were made, with subsequent amortization decreasing their book value over time.
Other non-current assets
Other non-current assets remained relatively stable around 3.5% to 4.8% throughout the period, with minor fluctuations but no clear trend.
Non-current assets
Non-current assets declined notably from nearly 52% in early 2019 to about 35% by mid-2024, reflecting changes including decreases in goodwill and purchased intangibles, as well as possible reclassification or depreciation effects.
Total assets composition
The overall asset composition shifted significantly from a high concentration of current assets (over 80%) in 2018 to a more balanced structure with increased current assets (around 65%) and reduced non-current assets (down to approximately 35%) by 2024. This indicates a strategic move toward liquidity and short-term asset holdings over longer-term investments.