Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

KLA Corp., consolidated income statement

US$ in thousands

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Product	7,482,679)	8,379,025)	7,301,428)	5,240,316)	4,328,725)	3,392,243)
Service	2,329,568)	2,117,031)	1,910,455)	1,678,418)	1,477,699)	1,176,661)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)
Costs of revenues	(3,928,073)	(4,218,307)	(3,592,441)	(2,772,165)	(2,449,561)	(1,869,377)
Gross margin	5,884,174)	6,277,749)	5,619,442)	4,146,569)	3,356,863)	2,699,527)
Research and development	(1,278,981)	(1,296,727)	(1,105,254)	(928,487)	(863,864)	(711,030)
Selling, general and administrative	(969,509)	(986,326)	(860,007)	(729,602)	(734,149)	(599,124)
Impairment of goodwill and purchased intangible assets	(289,474)	—)	—)	—)	(256,649)	—)
Income from operations	3,346,210)	3,994,696)	3,654,181)	2,488,480)	1,502,201)	1,389,373)
Interest expense	(311,253)	(296,940)	(160,339)	(157,328)	(160,274)	(124,604)
Loss on extinguishment of debt	—)	(13,286)	—)	—)	(22,538)	—)
Interest income	160,688)	74,095)	8,695)	8,929)	21,646)	40,367)
Foreign exchange gains (losses), net	7,268)	(233)	(3,925)	(5,005)	(4,236)	322)
Net realized gains (losses) on sale of investments	(103)	(986)	(306)	253)	297)	(1,294)
Other	(12,778)	31,844)	(9,069)	25,125)	(20,385)	(7,933)
Other income (expense), net	155,075)	104,720)	(4,605)	29,302)	(2,678)	31,462)
Income before income taxes	3,190,032)	3,789,190)	3,489,237)	2,360,454)	1,316,711)	1,296,231)
Provision for income taxes	(428,136)	(401,839)	(167,177)	(283,101)	(101,686)	(121,214)
Net income	2,761,896)	3,387,351)	3,322,060)	2,077,353)	1,215,025)	1,175,017)
Net (income) loss attributable to non-controlling interest	—)	(74)	(253)	939)	1,760)	600)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)

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).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	KLA Corp. revenues increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	KLA Corp. income from operations increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	KLA Corp. income before income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net income attributable to KLA	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	KLA Corp. net income attributable to KLA increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

KLA Corp. (NASDAQ:KLAC)

Income Statement