KLA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenue

Revenue

6 Months Ended

2018年12月31日

与客户合同的收入[摘要]

收入

注2 - 收入

新的收入会计标准

采用的方法和影响

At the beginning of the fiscal year 2019, we adopted ASC 606 using the modified retrospective transition approach for all contracts completed and not completed as of the date of adoption. Under the modified retrospective transition approach, periods prior to the adoption date were not adjusted and continue to be reported in accordance with ASC 605. A cumulative effect of applying ASC 606 was recorded to the beginning retained earnings to reflect the impact of all existing arrangements under ASC 606.

The cumulative effect of applying ASC 606 represents a net decrease of 2100万美元 as of 2018年7月1日 , which primarily related to the following:

•

大约减少 $97.0 million 留存收益相关的延期timated fair value of the warranty services provided with our products for which revenue will be recognized in future periods under ASC 606. Further, upon adoption of ASC 606, we will recognize the standard warranty for a majority of products as a separate performance obligation, while in prior periods, we accounted for the estimated warranty cost as a charge to costs of sales when revenue was recognized. This was partially offset by an increase in retained earnings of approximately $37.0 million related to reversal of standard warranty expense, which was charged to cost of revenues in prior periods.


•	保留收入大约增加 2600万美元由于控制产品转移给客户的时机发生了变化。

下表总结了采用ASC 606对我们冷凝的合并资产负债表的影响 2018年12月31日 :



2018年12月31日(In thousands)	如下所报告 ASC 606			之前采用 ASC 606			变化的影响
ASSETS
Accounts receivable, net	$	658,080		$	678,863		$	(20,783	)
Other current assets	127,350			71,214			56,136
递延所得税	225,124			206,674			18,450
负债
递延系统收入	$	196,242		$	—		$	196,242
Deferred service revenue	168,936			66,759			102,177
递延系统利润	—			319,696			(319,696		)
其他流动负债	714,873			733,220			（18,347		)
Deferred service revenue, non-current	90,466			83,338			7,128
STOCKHOLDERS ’ EQUITY
Retained earnings	$	1,048,804		$	962,561		$	86,243
Accumulated other comprehensive income (loss)	(70447		)	(70,502		)	55

The following table summarizes the effects of adopting ASC 606 on our condensed consolidated statements of operations for the 三个月结束了 2018年12月31日 :



截至2018年12月31日的三个月（以每股金额除外）	如下所报告 ASC 606			之前采用 ASC 606			变化的影响
Revenues:
Product	$	852,201		$	875,415		$	(23,214	)
服务	267,697			230,683			37,014
Costs and expenses:
Costs of revenues	408,260			392,916			15,344
Other expense (income), net	（9,228		)	(9,187		)	(41		)
Provision for income taxes	46,863			48,401			(1,538		)
Net income	$	369,100		$	369,065		$	35
Net income per share
基本的	$	2.43		$	2.43		$	—
Diluted	$	2.42		$	2.42		$	—

The following table summarizes the effects of adopting ASC 606 on our condensed consolidated statements of operations for the 六个月结束 2018年12月31日 :



Six months ended December 31, 2018 (In thousands, except per share amounts)	如下所报告 ASC 606			之前采用 ASC 606			变化的影响
Revenues:
Product	$	1,681,428		$	1,576,088		$	105,340
服务	531,730			460,643			71,087
Costs and expenses:
Costs of revenues	789,647			734,790			54,857
Other expense (income), net	(19,253		)	(19,213		)	(40		)
Provision for income taxes	78,487			64,335			14,152
Net income	$	765,044		$	657,586		$	107,458
每股净收入：
基本的	$	4.98		$	4.29		$	0.69
Diluted	$	4.96		$	4.27		$	0.69

Under ASC 606, revenue is recognized earlier than it would have been recognized under legacy guidance primarily due to our assessment of timing of transfer of control. Additionally, we render standard warranty coverage on our products for 12 months , providing labor and parts necessary to repair and maintain the products during the warranty period. Prior to adoption of ASC 606, we accounted for the estimated warranty cost as a charge to costs of sales when revenue was recognized. Upon adoption of ASC 606, the standard warranty for the majority of products is recognized as a separate performance obligation in service revenue.

合同余额



	作为		作为
(In thousands, except for percentage)	2018年12月31日		2018年7月1日		$更改			% Change
Accounts receivable, net	$	658,080	$	635,878	$	22,202		3.49	%
Contract assets	$	23,316	$	14,727	$	8,589		58.32	%
Contract liabilities	$	455,644	$	556,691	$	(101,047	)	(18.15	)%

Our payment terms and conditions vary by contract type, although terms generally include a requirement of payment of 70% to 90% of total contract consideration within 30 to 60 days of shipment, with the remainder payable within 30 days of acceptance 。

The change in contract assets during the 六个月结束 2018年12月31日主要是由于 2320万美元 of revenue recognized in excess of the amounts billed to the customers, partially offset by 1,460万美元 of contract assets reclassified to net accounts receivable as our right to consideration for these contract assets became unconditional. Contract assets are included in Other current assets on our condensed consolidated balance sheet.

During the 六个月结束 2018年12月31日 , we recognized revenue of $371.4 million that was included in contract liabilities as of 2018年7月1日。这部分被向客户收费的产品和服务的价值所抵消，而对产品和服务的控制尚未转移给客户。合同负债包括在我们凝结的合并资产负债表上的当前和非流动负债中。

Remaining Performance Obligations

作为 2018年12月31日 , we had $1.66 billion 剩余的绩效义务，这代表了我们提供产品和服务的义务，主要由收到书面客户请求的销售订单组成。我们希望大约认识 5% to 15% of these performance obligations as revenue beyond the next twelve months, subject to risk of delays, pushouts, and cancellation by the customer, usually with limited or no penalties.

Refer to Note 17 “Segment Reporting and Geographic Information” for information related to revenue by geographic region as well as significant product and service offerings.

Practical expedients

我们应用以下实际权宜之计：


•	我们将运输和处理费用作为活动来履行运输货物的承诺，而不是向我们的客户提供承诺的服务。


•	我们已经选择不调整承诺的考虑因素，以指望大量融资部分的影响，这是我们期望的，即合同成立时，即实体将承诺的商品或服务转移给客户的期限以及客户为此付费时商品或服务通常为一年或更短。


•	We have elected to expense costs to obtain a contract as incurred because the expected amortization period is one year or less.


•	我们选择反映之前发生的所有修改的综合效应 2018年7月1日 in determining the transaction price, identifying the satisfied and unsatisfied performance obligations, and allocating the transaction price to the performance obligations.