Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

Income Statement 
Quarterly Data

KLA Corp., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: 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
Product 2,197,389 1,954,837 1,769,369 1,921,809 1,836,664 1,816,524 1,903,484 2,463,408 2,195,609 1,975,112 1,800,659 1,895,769 1,629,888 1,481,478 1,375,320 1,238,023 1,145,495 1,075,104 1,051,096 1,144,550 1,057,975 917,591 793,224 852,201 829,227
Service 644,152 613,898 590,461 564,917 560,292 538,613 529,124 520,479 528,815 511,627 488,017 456,861 453,950 443,993 428,453 412,847 393,125 384,489 372,868 364,903 355,439 340,844 304,087 267,697 264,033
Revenues 2,841,541 2,568,735 2,359,830 2,486,726 2,396,956 2,355,137 2,432,608 2,983,887 2,724,424 2,486,739 2,288,676 2,352,630 2,083,838 1,925,471 1,803,773 1,650,870 1,538,620 1,459,593 1,423,964 1,509,453 1,413,414 1,258,435 1,097,311 1,119,898 1,093,260
Costs of revenues (1,147,431) (1,010,551) (993,885) (976,746) (946,891) (962,949) (1,005,346) (1,208,786) (1,041,226) (978,564) (892,091) (908,162) (813,624) (772,241) (709,629) (669,733) (620,562) (621,544) (590,158) (633,618) (604,241) (592,785) (486,945) (408,260) (381,387)
Gross margin 1,694,110 1,558,184 1,365,945 1,509,980 1,450,065 1,392,188 1,427,262 1,775,101 1,683,198 1,508,175 1,396,585 1,444,468 1,270,214 1,153,230 1,094,144 981,137 918,058 838,049 833,806 875,835 809,173 665,650 610,366 711,638 711,873
Research and development (323,145) (325,759) (321,590) (320,418) (311,214) (317,110) (328,276) (332,826) (318,515) (296,881) (285,189) (265,031) (258,153) (241,428) (238,957) (229,064) (219,038) (217,100) (215,433) (220,751) (210,580) (206,710) (184,887) (165,903) (153,530)
Selling, general and administrative (251,042) (255,106) (237,514) (237,244) (239,645) (250,857) (238,393) (243,096) (253,980) (236,778) (216,489) (213,479) (193,261) (192,022) (183,040) (181,909) (172,631) (167,791) (185,760) (192,253) (188,345) (190,040) (182,184) (112,462) (114,438)
Impairment of goodwill and purchased intangible assets (70,474) (219,000) (256,649)
Income from operations 1,119,923 977,319 736,367 733,318 899,206 824,221 860,593 1,199,179 1,110,703 974,516 894,907 965,958 818,800 719,780 672,147 570,164 526,389 453,158 175,964 462,831 410,248 268,900 243,295 433,273 443,905
Interest expense (82,171) (82,836) (79,981) (74,202) (74,234) (73,491) (74,774) (74,280) (74,395) (44,197) (39,978) (37,852) (38,312) (39,970) (39,092) (38,880) (39,386) (40,221) (39,231) (40,472) (40,350) (40,517) (31,187) (26,538) (26,362)
Loss on extinguishment of debt (13,286) (22,538)
Other income (expense), net 40,935 50,560 45,622 32,154 26,739 24,776 14,864 18,074 47,006 19,380 (8,644) (1,201) (14,140) 29,033 7,348 (3,882) (3,197) (7,868) 1,004 2,568 1,618 2,927 9,282 9,228 10,025
Income before income taxes 1,078,687 945,043 702,008 691,270 851,711 775,506 800,683 1,142,973 1,070,028 949,699 846,285 926,905 766,348 708,843 640,403 527,402 483,806 405,069 115,199 424,927 371,516 231,310 221,390 415,963 427,568
(Provision) benefit for income taxes (132,836) (108,597) (100,467) (108,736) (110,336) (90,852) (102,846) (164,178) (43,963) (144,301) (115,625) (209,388) 302,137 (75,785) (73,233) (70,419) (63,664) 5,246 (37,190) (44,622) (25,120) (13,982) (28,745) (46,863) (31,624)
Net income 945,851 836,446 601,541 582,534 741,375 684,654 697,837 978,795 1,026,065 805,398 730,660 717,517 1,068,485 633,058 567,170 456,983 420,142 410,315 78,009 380,305 346,396 217,328 192,645 369,100 395,944
Net (income) loss attributable to non-controlling interest (74) (24) (88) (73) (68) (80) 326 268 425 938 443 250 129 517 83
Net income attributable to KLA 945,851 836,446 601,541 582,534 741,375 684,654 697,837 978,795 1,025,991 805,374 730,572 717,444 1,068,417 632,978 567,496 457,251 420,567 411,253 78,452 380,555 346,525 217,845 192,728 369,100 395,944

Based on: 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).

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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Income from operations The net result for the period of deducting operating expenses from operating revenues. KLA Corp. income from operations increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.