Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

KLA Corp., consolidated balance sheet: assets

US$ in thousands

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Cash and cash equivalents	1,977,129)	1,927,865)	1,584,908)	1,434,610)	1,234,409)	1,015,994)
Marketable securities	2,526,866)	1,315,294)	1,123,100)	1,059,912)	746,063)	723,391)
Accounts receivable, net	1,833,041)	1,753,361)	1,811,877)	1,305,479)	1,107,413)	990,113)
Inventories	3,034,781)	2,876,784)	2,146,889)	1,575,380)	1,310,985)	1,262,500)
Deferred costs of revenue	279,879)	133,067)	124,487)	59,953)	77,219)	70,721)
Prepaid expenses	124,969)	121,204)	108,942)	76,649)	74,955)	88,387)
Prepaid income and other taxes	102,398)	64,901)	89,713)	68,847)	56,809)	51,889)
Contract assets	69,259)	117,137)	114,747)	91,052)	99,876)	94,015)
Other current assets	82,822)	62,419)	64,248)	24,366)	15,816)	18,065)
Other current assets	659,327)	498,728)	502,137)	320,867)	324,675)	323,077)
Current assets	10,031,144)	8,372,032)	7,168,911)	5,696,248)	4,723,545)	4,315,075)
Land, property and equipment, net	1,109,968)	1,031,841)	849,929)	663,027)	519,824)	448,799)
Goodwill, net	2,015,726)	2,278,820)	2,320,049)	2,011,172)	2,045,402)	2,211,858)
Deferred income taxes	915,241)	816,899)	579,173)	270,461)	236,797)	206,141)
Purchased intangible assets, net	668,764)	935,303)	1,194,414)	1,185,311)	1,391,413)	1,560,670)
Executive Deferred Savings Plan (EDSP)	303,365)	256,846)	224,188)	266,199)	213,487)	207,581)
Operating lease ROU assets	231,812)	208,706)	126,444)	102,883)	100,790)	—)
Other non-current assets	157,546)	171,910)	133,980)	75,823)	48,702)	58,392)
Other non-current assets	692,723)	637,462)	484,612)	444,905)	362,979)	265,973)
Non-current assets	5,402,422)	5,700,325)	5,428,177)	4,574,876)	4,556,415)	4,693,441)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	KLA Corp. current assets increased from 2022 to 2023 and from 2023 to 2024.
Land, property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	KLA Corp. land, property and equipment, net increased from 2022 to 2023 and from 2023 to 2024.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	KLA Corp. non-current assets increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	KLA Corp. total assets increased from 2022 to 2023 and from 2023 to 2024.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	KLA Corp. cash and cash equivalents increased from 2022 to 2023 and from 2023 to 2024.
Marketable securities	Amount of investment in marketable security, classified as current.	KLA Corp. marketable securities increased from 2022 to 2023 and from 2023 to 2024.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	KLA Corp. accounts receivable, net decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	KLA Corp. inventories increased from 2022 to 2023 and from 2023 to 2024.

KLA Corp. (NASDAQ:KLAC)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items