KLA Corporation Reports Fiscal 2021 Third Quarter Results

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- Total revenues were $1.80 billion, finishing at the upper end of the range of guidance;

- GAAP diluted EPS attributable to KLA was $3.66, and non-GAAP diluted EPS attributable to KLA was $3.85, each also finishing at the upper end of the range of guidance;

- 运营和自由现金流的现金流量分别为6.462亿美元和5.85亿美元；

- Capital return was $412.7 million with $139.3 million in dividends and $273.4 million in share repurchases

MILPITAS, Calif., April 29, 2021 /PRNewswire/ --beplay体育下载2(NASDAQ: KLAC) today announced operating results for its third quarter of fiscal year 2021, which ended on March 31, 2021, and reported GAAP net income attributable to KLA of $567 million and GAAP earnings per diluted share attributable to KLA of $3.66 on revenue of $1.80 billion.

关联：https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg

"KLA's March quarter results demonstrate strong momentum in our business. We have seen a sharp increase in business levels in each of our major end markets, driven by secular demand trends across a broad range of semiconductor markets and applications," commented Rick Wallace, president and chief executive officer of KLA Corporation. "Against this backdrop, KLA continues to demonstrate our ability to meet customer requirements while growing operating profits, generating record free cash flow, and maintaining our long-term strategy of productive capital allocation."

GAAP Results

Q3 FY 2021

Q2 FY 2021

Q3 FY 2020

Total revenue

$1,804 million

$1,651 million

$1,424 million

Net Income Attributable to KLA

$567 million

4.57亿美元

$78 million

Net Income per Diluted Share Attributable to KLA

$3.66

$2.94

$0.50

Non-GAAP Results

Q3 FY 2021

Q2 FY 2021

Q3 FY 2020

Net Income Attributable to KLA

$598 million

$504 million

3.89亿美元

Net Income per Diluted Share Attributable to KLA

$3.85

$3.24

$2.47

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2021 third quarter, along with its outlook, on a conference call today beginning at 2 p.m. PT. A webcast of the call will be available at:www.kla.com。

Fourth Quarter Fiscal 2021 Guidance

以下详细说明了我们对6月末2021财年第四季度的指南：

  • Total revenue between $1,755 million to $1,955 million
  • GAAP gross margin is expected to be in a range of 58% to 61%
  • Non-GAAP gross margin is expected to be in a range of 61% to 63%
  • GAAP diluted EPS attributable to KLA is expected to be in a range of $3.20 to $4.08
  • Non-GAAP diluted EPS attributable to KLA in a range of $3.47 to $4.35

有关其他指标，请参阅KLA投资者关系网站上给股东和收益幻灯片的公司发表的信。beplay官网ued

About KLA:

KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at:www.kla.com。

Note Regarding Forward-Looking Statements:

Statements in this press release other than historical facts, such as statements pertaining to revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending June 30, 2021 are forward-looking statements and subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: the future impacts of the COVID-19 pandemic; delays and disruptions in the supply chain; the demand for semiconductors; the financial condition of the global capital markets and the general macroeconomic environment; new and enhanced product and technology offerings by competitors; push-out of deliveries or cancellation of orders by customers; the ability of KLA's research and development teams to successfully innovate and develop technologies and products that are responsive to customer demands; KLA's ability to successfully manage its costs; market acceptance of KLA's existing and newly launched products; changing customer demands; and industry transitions. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this letter, please refer to KLA Corporation's Annual Report on Form 10-K for the year ended June 30, 2020, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA Corporation assumes no obligation to, and does not currently intend to, update these forward-looking statements.

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Condensed Consolidated Unaudited Balance Sheets

（成千上万个）

2021年3月31日

June 30, 2020

ASSETS

Cash, cash equivalents and marketable securities

$

2,442,725

$

1,980,472

Accounts receivable, net

1、201,991

1,107,413

Inventories

1450588年

1,310,985

Other current assets

309,861

324,675

Land, property and equipment, net

628,438

519,824

Goodwill

2,011,187

2,045,402

Deferred income taxes, non-current

240,822

236,797

购买的无形资产，网络

1、237,589

1,391,413

Other non-current assets

416,039

362,979

总资产

$

9,939,240

$

9,279,960

LIABILITIES, NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

295,111

$

264,280

递延收入系统

332,296

336,237

递延服务收入

252,992

233,493

Short-term debt

20,000

—

Other current liabilities

1,129,067

865,776

Total current liabilities

2,029,466

1,699,786

Non-current liabilities:

Long-term debt

3,422,097

3,469,670

Deferred tax liabilities

629,896

660,885

递延服务收入

86,902

96,325

Other non-current liabilities

658015年

672,284

Total liabilities

6,826,376

6,598,950

股东权益：

Common stock and capital in excess of par value

2,115,205

2,090,268

Retained earnings

1,070,124

654,930

Accumulated other comprehensive income (loss)

(70,473)

(79,774)

Total KLA stockholders' equity

3,114,856

2,665,424

Non-controlling interest in consolidated subsidiaries

(1,992)

15,586

Total stockholders' equity

3,112,864

2,681,010

总负债和股东权益

$

9,939,240

$

9,279,960

beplay体育下载2

凝结的合并未经审计的操作陈述

截至3月31日的三个月，

九个月结束了March 31,

(In thousands, except per share amounts)

2021

2020

2021

2020

Revenues:

Product

$

1,375,320

$

1,051,096

$

3,758,838

$

3,253,621

服务

428,453

372,868

1、234,425

1,093,210

总收入

1,803,773

1,423,964

4,993,263

4,346,831

Costs and expenses:

Costs of revenues

709,629

590,158

1,999,924

1,828,017

研究与开发

238,957

215,433

687,059

646,764

Selling, general and administrative

183,040

185,760

537,580

566,358

Goodwill impairment

—

256,649

—

256,649

利息花费

39,092

39,231

117,358

120,053

消灭债务的损失

—

22,538

—

22,538

Other expense (income), net

（7,348）

(1,004)

(269)

（5,190）

所得税之前的收入

640,403

115,199

1,651,611

911,642

Provision for income taxes

73,233

37,190

207,316

106,932

Net income

567,170

78,009

1,444,295

804,710

Less: Net loss attributable to non-controlling interest

（326）

(443)

(1,019)

(822)

Net income attributable to KLA

$

567,496

$

78,452

$

1,445,314

$

805,532

可归因于KLA的每股净收入：

基本的

$

3.69

$

0.50

$

9.36

$

5.12

Diluted

$

3.66

$

0.50

$

9.28

$

5.08

加权平均股票数量：

基本的

153,801

156,067

154,457

157,356

Diluted

155,159

157,172

155,789

158,586

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Condensed Consolidated Unaudited Statements of Cash Flows

Three Months Ended

March 31,

（成千上万个）

2021

2020

Cash flows from operating activities:

Net income

$

567,170

$

78,009

Adjustments to reconcile net income to net cash provided by operating activities:

Goodwill impairment

—

256,649

Depreciation and amortization

84,365

81,990

消灭债务的损失

—

22,538

（收益）未实现的外汇和其他未实现的损失

5,231

（5,950）

资产减值费用

(23)

—

基于股票的薪酬费用

30,327

31,270

Gain on sale of business

(4,422)

—

Settlement of treasury lock agreement

—

(21,518)

Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:

Accounts receivable

16,055

73,103

Inventories

（34,169）

(11,640)

Other assets

（20,851）

(23,899)

Accounts payable

32,735

(12,904)

递延收入系统

57,820

89,280

递延服务收入

11,507

10,691

其他负债

(99,595)

(125,591)

Net cash provided by operating activities

646,150

442,028

Cash flows from investing activities:

Proceeds from sale of business

16,833

—

商业收购，获得现金的网络

—

（70）

Capital expenditures

(61,183)

(43,445)

Purchases of available-for-sale securities

(303,076)

(156,173)

Proceeds from sale of available-for-sale securities

14,962

69,034

Proceeds from maturity of available-for-sale securities

159,120

133,819

Purchases of trading securities

(48,495)

(46,784)

Proceeds from sale of trading securities

45,251

45,407

投资活动（提供）使用的净现金

(176,588)

1,788

Cash flows from financing activities:

Proceeds from issuance of debt, net of issuance costs

—

742,004

偿还债务

(20,000)

(721,033)

Common stock repurchases

(273,441)

(315,995)

Payment of dividends to stockholders

(139,338)

(133,327)

Issuance of common stock

—

672

Tax withholding payments related to equity awards

(6,674)

(4,958)

用于融资活动的现金净现金

（439,453）

(432,637)

Effect of exchange rate changes on cash and cash equivalents

(9,425)

(4,868)

Net increase (decrease) in cash and cash equivalents

20,684

6,311

Cash and cash equivalents at beginning of period

1431466年

939,864

现金和现金当量在期末

$

1,452,150

$

946,175

Supplemental cash flow disclosures:

Income taxes paid

$

100,657

$

91,972

Interest paid

$

39,980

$

35,176

Non-cash activities:

Accrued purchase of land, property and equipment - investing activities

$

24,392

$

17,137

Contingent consideration payable - financing activities

$

178

$

303

Dividends payable - financing activities

$

779

$

1,388

Unsettled common stock repurchase - financing activities

$

6,000

$

—

Accrued debt issuance costs - financing activities

$

—

$

193

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Segment Information (Unaudited)

The following is a summary of results for each of our four reportable segments and reconciliation to total revenues for the indicated periods:

截至3月31日的三个月，

九个月结束了March 31,

(In thousands)

2021

2020

2021

2020

Revenues:

Semiconductor Process Control

$

1,506,140

$

1,177,777

$

4,154,278

$

3,588,839

Specialty Semiconductor Process

91,724

85,083

271,264

229,328

PCB, Display and Component Inspection

205,202

160,411

565,646

525,242

Other

149

469

739

3,217

可报告细分市场的总收入

1,803,215

1,423,740

4,991,927

4,346,626

外汇率的公司分配和影响

558

224

1,336

205

总收入

$

1,803,773

$

1,423,964

$

4,993,263

$

4,346,831

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Condensed Consolidated Unaudited Supplemental Information

每股稀释股净收入与非GAAP净收入和非GAAP收益的核对净收入和GAAP收益的对帐

Three Months Ended

九个月结束了

(In thousands, except per share amounts)

March 31,
2021

Dec. 31,
2020

March 31,
2020

March 31,
2021

March 31,
2020

归因于KLA的GAAP净收入

$

567,496

$

457,251

$

78,452

$

1,445,314

$

805,532

Adjustments to reconcile GAAP net income to non-GAAP net income:

Acquisition-related charges

a

52973年

53,099

55,022

156,547

188,778

Restructuring, severance and other charges

b

(1,534)

3,960

5,432

5,679

8,218

Goodwill impairment

c

—

—

256,649

—

256,649

消灭债务的损失

d

—

—

22,538

—

22,538

Income tax effect of non-GAAP adjustments

e

（17,866）

(17,552)

（23,604）

（52,431）

(67,375)

Discrete tax items

f

(2,967)

7,381

(5,551)

21,901

(5,551)

Non-GAAP net income attributable to KLA

$

598,102

$

504,139

$

388,938

$

1,577,010

$

1、208,789

应归因于KLA的每份稀释股的GAAP净收入

$

3.66

$

2.94

$

0.50

$

9.28

$

5.08

Non-GAAP net income per diluted share attributable to KLA

$

3.85

$

3.24

$

2.47

$

10.12

$

7.62

Shares used in diluted shares calculation

155,159

155,560

157,172

155,789

158,586

Pre-tax impact of GAAP to non-GAAP adjustments included in Condensed Consolidated Unaudited Statements of Operations

（成千上万个）

Acquisition - Related Charges

Restructuring, Severance and Other Charges

Goodwill Impairment

Debt Extinguishment Loss

总税前GAAP至非GAAP调整

Three months ended March 31, 2021

Costs of revenues

$

40,309

$

701

$

—

$

—

$

41,010

研究与开发

—

147

—

—

147

Selling, general and administrative

12,664

2,075

—

—

14,739

Other expense (income), net

—

(4,457)

—

—

(4,457)

截至2021年3月31日的三个月内总计

$

52973年

$

(1,534)

$

—

$

—

$

51,439

截至2020年12月31日的三个月

Costs of revenues

$

38,738

$

765

$

—

$

—

$

39,503

研究与开发

—

1,432

—

—

1,432

Selling, general and administrative

14，361

2,450

—

—

16,811

Other expense (income), net

—

（687）

—

—

（687）

Total in three months ended Dec. 31, 2020

$

53,099

$

3,960

$

—

$

—

$

57,059

Three months ended March 31, 2020

Costs of revenues

$

36,850

$

483

$

—

$

—

$

37,333

研究与开发

—

685

—

—

685

Selling, general and administrative

18,172

4,264

—

—

22,436

Goodwill impairment

—

—

256,649

—

256,649

消灭债务的损失

—

—

—

22,538

22,538

截至2020年3月31日的三个月内总共

$

55,022

$

5,432

$

256,649

$

22,538

$

339,641

自由现金流和解

截至3月31日的三个月，

（成千上万个）

2021

2020

Net cash provided by operating activities

$

646,150

$

442,028

Capital expenditures

(61,183)

(43,445)

自由现金流

$

584,967

$

398,583

Fourth Quarter Fiscal 2021 Guidance

Reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS

Three Months Ending June 30, 2021

(In millions, except per share amounts)

低的

High

应归因于KLA的每份稀释股的GAAP净收入

$3.20

$4.08

Acquisition-related charges

a

0.34

0.34

Restructuring, severance and other charges

b

0.04

0.04

Income tax effect of non-GAAP adjustments

e

(0.11)

(0.11)

Non-GAAP net income per diluted share attributable to KLA

$3.47

$4.35

Shares used in net income per diluted share calculation

154.5

154.5

Reconciliation of GAAP Gross Margin to Non-GAAP Gross Margin

Three Months Ending June 30, 2021

低的

High

GAAP gross margin

58%

61%

Acquisition-related charges

a

3%

2%

Non-GAAP gross margin

61%

63%

The Non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA's financial results presented in accordance with United States GAAP.

为了补充我们根据GAAP提出的凝结的合并财务报表，我们提供了某些非GAAP财务信息，这些信息根据GAAP的结果进行了调整，以排除某些费用和费用以及其他补充信息。提供了非GAAP和补充信息，以增强用户对我们的运营绩效和未来前景的总体理解。具体而言，我们认为，非GAAP信息，包括可归因于KLA的非GAAP净收入，可归因于KLA和自由现金流的每股非GAAP净收入和自由现金流，为管理层和投资者提供有关财务和业务趋势的有用措施beplay新闻与我们的财务绩效有关，我们认为我们认为并不能指示我们的核心运营成果来帮助投资者将我们的运营性能与以前的业绩以及其他公司的业绩进行比较。beplay新闻非GAAP信息是管理层用于未来预测的预算和规划工具之一。但是，由于对于大多数非GAAP财务指标没有标准化或普遍接受的定义，因此非GAAP金融指标的定义本质上受到重大酌处权（例如，确定计算此类指标时要排除哪些成本和费用）。结果，非GAAP财务指标的定义可能在公司之间，甚至在同一公司内的期限到期限都大不相同，这可能会将此类信息的实用性限制为投资者。beplay官网ued非GAAP和补充信息的介绍不应孤立地考虑，也不应作为根据美国GAAP制备和呈现的结果的替代品。以下是对KLA归因于KLA的非GAAP净收入的调整的调整的描述：KLA：

一个。

Acquisition-related charges primarily include amortization of intangible assets and other acquisition-related adjustments including adjustments for the fair valuation of inventory and backlog, and transaction costs associated with our acquisitions, primarily Orbotech.

b.

Restructuring, severance and other charges primarily include costs associated with employee severance, acceleration of certain stock-based compensation arrangements, and other exit costs.

c.

商誉减值包括非现金费用侦察gnized as a result of KLA's annual testing for goodwill impairment performed in the third quarter of the prior fiscal year. The impairment charge resulted from the downward revision of financial outlook for the acquired Orbotech business as well as the impact of elevated risk and macroeconomic slowdown driven by the COVID-19 pandemic.

d.

债务瓦解的损失包括税前损失在2021年11月应付款的5亿美元4.125％的高级票据。

e.

Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above.

f.

Discrete tax items in the three months ended March 31, 2021 primarily relate to a tax benefit of $3.0 million due to a decrease in deferred tax liability on purchased intangibles relating to a decrease in the effective income tax rate in Israel. Discrete tax items in the three months ended Dec. 31, 2020 consist primarily of a tax expense of $4.0 million from an internal restructuring. Discrete tax items in the nine months ended March 31, 2021 primarily include the aforementioned items as well as a tax expense of $14.0 million due to an increase in deferred tax liability on purchased intangibles relating to an increase in the United Kingdom statutory income tax rate. Discrete tax items in the three months and nine months ended March 31, 2020 include a decrease in deferred tax liability for an unrealized gain on investments held for sale by subsidiaries of the acquired Orbotech business.

CisionView original content:http://www.prnewswire.com/news-releases/kla-corporation-reports-fiscal-2021-third-third-quarter-results-301280599.html

来源KLA公司beplay体育下载2

Released April 29, 2021