GAAP Results

Q1 FY 2018

Q4 FY 2017

Q1 FY 2017

Revenues

$970 million

$939 million

$751 million

$281 million

$256 million

$178 million

Earnings per Diluted Share

$ 1.78

$ 1.62

$1.13

Q1 FY 2018

Q4 FY 2017

Q1 FY 2017

$284 million

$259 million

1.82亿美元

Earnings per Diluted Share

$ 1.80

$ 1.64

$1.16

KLA-Tencor Corporation

浓缩合并联合国audited Balance Sheets

(In thousands)

Sept. 30, 2017

June 30, 2017

ASSETS

Cash, cash equivalents and marketable securities

$

3,056,484

$

3,016,740

Accounts receivable, net

666,738

571,117

Inventories

762,401

732,988

Other current assets

73,873

71,221

Land, property and equipment, net

279,872

283,975

Goodwill

349,678

349,526

递延所得税，非流动

282,302

291,967

购买的无形资产，网

17,763

18,963

其他非流动资产

201,287

195,676

Total assets

$

5,690,398

$

5,532,173

负债和股东权益

Current liabilities:

Accounts payable

$

138,657

$

147,380

递延系统利润

209,267

180,861

Unearned revenue

61,484

65,507

Current portion of long-term debt

249,996

249,983

其他流动负债

806,636

649,431

Total current liabilities

1,466,040

1,293,162

Non-current liabilities:

Long-term debt

2,524,842

2,680,474

Unearned revenue

60,456

59,713

其他非电流负债

175,104

172,407

总负债

4,226,442

4,205,756

Stockholders' equity:

Common stock and capital in excess of par value

518,223

529,283

留存收益

996,514

848,457

Accumulated other comprehensive income (loss)

(50,781)

(51,323)

Total stockholders' equity

1,463,956

1,326,417

总负债and stockholders' equity

$

5,690,398

$

5,532,173

KLA-Tencor Corporation

浓缩合并联合国audited Statements of Operations

三个月结束了Sept. 30,

(In thousands, except per share amounts)

2017

2016

Revenues:

Product

$

760,787

$

561,753

Service

208,794

188,920

Total revenues

969,581

750,673

费用和费用：

Costs of revenues

353,449

277,836

Research and development

146,732

129,233

销售，一般和行政

107,713

94,388

利息费用和其他网络

25,535

26,996

Income before income taxes

336,152

222,220

Provision for income taxes

55,216

44,119

Net income

$

280,936

$

178,101

Net income per share:

Basic

$

1.79

$

1.14

稀

$

1.78

$

1.13

Cash dividends declared per share

$

0.59

$

0.52

Weighted-average number of shares:

Basic

156,826

156,129

稀

157,846

157,021

KLA-Tencor Corporation

浓缩合并联合国audited Statements of Cash Flows

三个月结束了

Sept. 30,

(In thousands)

2017

2016

Cash flows from operating activities:

Net income

$

280,936

$

178,101

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

Depreciation and amortization

15,282

14,422

资产减值费用

1,000

358

Non-cash stock-based compensation expense

14,031

11,478

净增益可销售的证券和其他投资

(20)

(204)

Changes in assets and liabilities, net of business acquisition:

Accounts receivable, net

（95,621）

(38,241)

Inventories

(20,194)

1,187

其他资产

(2,235)

19,477

Accounts payable

(8,877)

(1、547)

递延系统利润

28,406

11,089

Other liabilities

160,921

(26,343)

Net cash provided by operating activities

373,629

169,777

Cash flows from investing activities:

Acquisition of non-marketable securities

—

(1,470)

Business acquisition

(710)

—

Capital expenditures, net

(15,756)

(9,883)

Purchases of available-for-sale securities

(191,744)

(457,512)

Proceeds from sale of available-for-sale securities

50,095

111,106

Proceeds from maturity of available-for-sale securities

268,665

197,100

Purchases of trading securities

（11,876）

(52,465)

Proceeds from sale of trading securities

14,320

45,301

Net cash provided by (used in) investing activities

112,994

(167,823)

Cash flows from financing activities:

Repayment of debt

(156,250)

（40,000）

Tax withholding payments related to vested and released restricted stock units

(23,628)

(17,376)

Common stock repurchases

(39,927)

—

向股东支付股息

(100,327)

(89,313)

Net cash used in financing activities

(320,132)

(146,689)

Effect of exchange rate changes on cash and cash equivalents

1,155

2,572

Net increase (decrease) in cash and cash equivalents

167,646

(142,163)

现金和现金当量在开始时期

1,153,051

1,108,488

Cash and cash equivalents at end of period

$

1,320,697

$

966,325

Supplemental cash flow disclosures:

Income taxes paid, net

$

23,858

$

39,411

利息已付

$

3,005

$

3,243

Non-cash activities:

Purchase of land, property and equipment - investing activities

$

4,734

$

1,974

Business acquisition holdback amounts - investing activities

$

4,780

$

—

未解决的普通股回购 - 融资活动

$

848

$

—

应付股息 - 融资活动

$

7,011

$

12,045

KLA-Tencor Corporation

浓缩合并联合国audited Supplemental Information

(In thousands, except per share amounts)

Reconciliation of GAAP Net Income to Non-GAAP Net Income

三个月结束了

Sept. 30,
2017

June 30,
2017

Sept. 30,
2016

GAAP net income

$

280,936

$

256,162

$

178,101

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

Acquisition-related charges

a

1,587

1,029

1,267

Merger-related charges

b

3,015

3,072

3,605

所得税会计调整的效果

c

(1、599)

(1,295)

(1,259)

Non-GAAP net income

$

283,939

$

258,968

$

181,714

GAAP net income per diluted share

$

1.78

$

1.62

$

1.13

Non-GAAP net income per diluted share

$

1.80

$

1.64

$

1.16

用于稀释的股票计算中使用的股票

157,846

157,931

157,021

Acquisition-
related charges

Merger-related
charges

Total pre-tax
GAAP to non-
GAAP
adjustments

三个月结束了Sept. 30, 2017

Costs of revenues

$

1,530

$

405

$

1,935

Research and development

—

1,147

1,147

销售，一般和行政

57

1,463

1,520

Total in three months ended Sept. 30, 2017

$

1,587

$

3,015

$

4,602

三个月结束了June 30, 2017

Costs of revenues

$

708

$

9

$

717

Research and development

—

995

995

销售，一般和行政

321

2,068

2,389

Total in three months ended June 30, 2017

$

1,029

$

3,072

$

4,101

三个月结束了Sept. 30, 2016

Costs of revenues

$

650

$

260

$

910

Research and development

—

982

982

销售，一般和行政

617

2,363

2,980

Total in three months ended Sept. 30, 2016

$

1,267

$

3,605

$

4,872

a.

Acquisition-related charges include amortization of intangible assets and inventory fair value adjustments, and transaction costs associated with acquisitions. Management believes that the expense associated with the amortization of acquisition related intangible assets and acquisition related costs are appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives, and exclusion of these expenses allows comparisons of operating results that are consistent over time for both KLA-Tencor's newly acquired and long-held businesses. Management believes excluding these items helps investors compare our operating performances with our results in prior periods as well as with the performance of other companies.

b.

Merger-related charges associated with the terminated merger agreement between KLA-Tencor and Lam Research Corporation ("Lam") primarily includes employee retention-related expenses, legal expenses and other costs. Management believes that it is appropriate to exclude these items as they are not indicative of ongoing operating results and therefore limit comparability and excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.

c.

所得税会计调整的效果includes the income tax effects of the excluded items noted above. Management believes that it is appropriate to exclude the tax effects of the items noted above in order to present a more meaningful measure of non-GAAP net income.