Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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KLA Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 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
Accounts payable
Deferred system revenue
Deferred service revenue
Short-term debt
Current portion of long-term debt
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Deferred tax liabilities
Deferred service revenue
Other non-current liabilities
Non-current liabilities
Total liabilities
Common stock and capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Total KLA stockholders’ equity
Non-controlling interest in consolidated subsidiaries
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 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).

A review of the provided financial information reveals notable trends in liabilities and stockholders’ equity over the observed period, spanning from September 2019 to June 2025. Overall, both total liabilities and total stockholders’ equity demonstrate significant fluctuations and growth, particularly in the later years of the period.

Accounts Payable
Accounts payable generally increased from $221.388 million in September 2019 to $432.891 million in March 2022, before decreasing to $354.720 million in March 2024. A subsequent increase is observed, reaching $458.509 million in March 2025. This suggests a dynamic relationship with operational needs and potentially, supply chain management.
Deferred System Revenue
Deferred system revenue exhibited considerable volatility. Starting at $277.515 million in September 2019, it decreased before peaking at $336.383 million in March 2020. A substantial increase is then observed, culminating in $994.469 million in March 2024. This is followed by a decrease to $858.088 million by September 2025. This pattern likely reflects the timing of revenue recognition related to system sales and associated obligations.
Deferred Service Revenue
Deferred service revenue showed a consistent upward trend throughout the period. Beginning at $201.245 million in September 2019, it steadily increased to $604.752 million by September 2025. This indicates a growing commitment from customers for future service contracts.
Short-Term and Current Portion of Long-Term Debt
Short-term debt was absent for most of the period, appearing only in December 2020 through March 2021 at $20 million. The current portion of long-term debt was $250 million in September 2019, then disappeared until September 2023, when it reappeared at $749.842 million and remained relatively stable through June 2025. This suggests a shift in debt maturity structure.
Other Current Liabilities
Other current liabilities demonstrated a general increasing trend, with significant fluctuations. Starting at $993.299 million in September 2019, it rose to $2,381.364 million by September 2023, before decreasing to $2,196.575 million by September 2025. This category appears to be a significant component of the company’s short-term obligations.
Current Liabilities
Total current liabilities mirrored the trends in its components, increasing substantially from $1,943.447 million in September 2019 to $4,570.997 million in September 2023, then decreasing to $3,982.472 million by September 2025. The fluctuations in deferred revenue and other current liabilities significantly influence this total.
Long-Term Debt (Excluding Current Portion)
Long-term debt remained relatively stable between approximately $3.4 billion and $3.7 billion for much of the period. However, a notable decrease occurred between September 2023 and December 2025, falling from $5,142.884 million to $5,886.128 million. This suggests a potential reduction in long-term financing.
Deferred Tax Liabilities
Deferred tax liabilities generally decreased over the period, starting at $688.170 million in September 2019 and declining to $452.678 million by September 2025. This could be attributed to changes in tax regulations or the utilization of tax loss carryforwards.
Total Liabilities
Total liabilities increased significantly from $6,549.780 million in September 2019 to $11,236.790 million in September 2023, before decreasing to $11,254.497 million by September 2025. The substantial growth in deferred revenue and long-term debt contributed to this increase.
Stockholders’ Equity
Common stock and capital in excess of par value experienced fluctuations, with a significant decrease in June 2022, followed by a recovery and further growth to $2,604,177 million by September 2025. Retained earnings also showed an increasing trend, rising from $733.173 million in September 2019 to $2,860,594 million in September 2025, indicating accumulated profits. Accumulated other comprehensive income (loss) remained relatively stable, with minor fluctuations. Total stockholders’ equity increased from $2,679,619 million in September 2019 to $5,465,731 million in September 2025.
Total Liabilities and Stockholders’ Equity
The combined total of liabilities and stockholders’ equity increased from $9,229,399 million in September 2019 to $16,720,228 million in September 2025, reflecting the overall growth of the company’s financial position.

In summary, the company experienced substantial growth in both liabilities and stockholders’ equity over the analyzed period. The significant increases in deferred revenue and retained earnings are particularly noteworthy, while changes in debt structure and deferred tax liabilities also warrant attention.