KLA-Tencor Reports Fiscal 2013 Third Quarter Results

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米尔皮塔斯，加利福尼亚州。，2013年4月25日/ Prnewswire / -KLA-Tencor Corporation（纳斯达克：KLAC）今天宣布2013财年第三季度的经营业绩，于2013年3月31日结束，并报告了GAAP净收入$166 million一种nd GAAP earnings per diluted share of$0.98on revenues of7.29亿美元。

"KLA-Tencor delivered solid financial results in the March quarter, demonstrating consistent execution against our long-term strategic objectives," said president and CEORick Wallace。"The importance of process control to our customers is increasing as the yield challenges at the leading edge become more complex. We believe that this trend, paired with KLA-Tencor's superior technology and customer focus, will enable KLA-Tencor to continue generating strong operating results and maintain its market leadership position."

GEAP结果

Q3 FY 2013

2013年FY Q2.

Q3 FY 2012

Revenues

7.29亿美元

6.73亿美元

$841 million

Net Income

$166 million

1.107亿美元

$205 million

每个摊薄股份的收益

$0.98

0.63美元

1.21美元




非GAAP结果

Q3 FY 2013

2013年FY Q2.

Q3 FY 2012

Net Income

$171 million

$106 million

$216 million

每个摊薄股份的收益

$ 1.01

0.63美元

$ 1.27







A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this release. Non-GAAP results include the impact of stock-based compensation, but exclude the impact of acquisitions, restatement and restructuring related items, and certain discrete tax items.

KLA-Tencor will discuss the results for its fiscal year 2013 third quarter, along with its outlook, on a conference call today beginning at下午2:00太平洋白昼时间。A webcast of the call will be available at:www.lisalozano.com.

前瞻性陈述：
除了histor声明在本新闻稿ical facts, such as statements regarding market conditions in the semiconductor equipment industry, anticipated innovation efforts by customers, expected trends and focus areas in customers' capital investment, the importance of process control in the success of future innovation, KLA-Tencor's ability to preserve and extend its market leadership position and KLA-Tencor's future financial performance, are forward-looking statements, and are 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 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; cancellation of orders by customers; the ability of KLA-Tencor's research and development teams to successfully innovate and develop technologies and products that are responsive to customer demands; KLA-Tencor's ability to successfully manage its costs; market acceptance of the company's existing and newly issued products; and changing customer demands. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this release, please refer to KLA-Tencor's Annual Report on Form 10-K for the year ended June 30, 2012, subsequently filed Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA-Tencor assumes no obligation to, and does not currently intend to, update these forward-looking statements.

About KLA-Tencor:
KLA-Tencor Corporation (NASDAQ: KLAC), a leading provider of process control and yield management solutions, partners with customers around the world to develop state-of-the-art inspection and metrology technologies. These technologies serve the semiconductor, LED and other related nanoelectronics industries. With a portfolio of industry-standard products and a team of world-class engineers and scientists, the company has created superior solutions for its customers for more than 35 years. Headquartered in米尔皮塔斯，加利福尼亚州, KLA-Tencor has dedicated customer operations and service centers around the world. Additional information may be found atwww.lisalozano.com.。(KLAC-F)

使用非GAAP财务信息：
The non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA-Tencor's financial results presented in accordance with United States GAAP.

为了补充KLA-Tencor的浓缩综合财务报表，根据GAAP提出，提供了某些非GAAP财务信息，该信息由基于GAAP的结果调整，以排除某些成本和费用以及其他补充信息。beplay官网ued提供了非GAAP和补充信息，以提高用户对KLA-Tencor的经营业绩的整体理解及其未来的前景。具体而言，KLA-Tencor认为，通过不包括本公司认为不指示其核心运营成果的一定的成本和费用，对管理和投资者的财务和商业趋势提供了有关金融和商业趋势的有用措施。beplay新闻beplay官网ued。非GAAP信息是管理用于未来预测的预算和规划工具之一。但是，由于大多数非GAAP金融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（例如，确定计算此类公制时排除的费用和费用）本质上是酌情自由裁量权。因此，非GAAP金融指标可能与公司到公司的公司或甚至同一公司内的时期非常不同，这可能会将此类信息的有用性限制在投资者上。beplay官网ued非GaAP和补充信息的介绍并不意味着孤立或作为根据美国GAAP准备的结果的替代品。

KLA-Tencor Corporation


浓缩合并未经审核的资产负债表









(In thousands)

3月31日，2013年

2012年6月30日

资产


现金，现金等价物和可销售证券

$

2,879,503

$

2,534,444.

应收账款，网络

454,224

701,280

库存

649,822

650,802

其他现有资产

280,107

277,517

土地，物业和设备，网

298,617

277,686

善意

326,792

327,716.

Purchased intangibles, net

39,008

55,636.

Other non-current assets

266,400

275,227

Total assets

$

5,194,473

$

5,100,308

LIABILITIES AND STOCKHOLDERS' EQUITY


流动负债：


Accounts payable

$

107,753

$

139,183

Deferred system profit

136,816

147,218

未享受的收入

63,751

63,095

Other current liabilities

511,688

513,411

总流动负债

820,008

862,907

非流动负债：


长期债务

747,240

746,833

Income tax payable

59,104

50,839

未享受的收入

32,321

34,899

Other non-current liabilities

89,417

89,235

Total liabilities

1,748,090

1784713年

Stockholders' equity:


普通股和资金超过靶标

1,141,959

1,089,480

Retained earnings

2,329,251

2,247,258

累计其他综合收益（亏损）

（24,827）

(21,143)

总股等权益

3,446,383

3,315,595

Total liabilities and stockholders' equity

$

5,194,473

$

5,100,308

KLA-Tencor Corporation



Condensed Consolidated Unaudited Statements of Operations











Three months ended March 31,

截至3月31日的九个月，

(In thousands, except per share data)

2013年

2012年

2013年

2012年

收入：






产品

$

579,746

$

701,179

$

1,676,847

$

1,852,094

Service

149,283

139,342

445,902

427,385

Total revenues

729,029

840,521

2,122,749

2279479年

Costs and operating expenses:






收入成本

309,508

355,149

930,648

968,353

工程，研发

118,788

110,102

360,138

334,227

Selling, general and administrative

98,487

90,996

289,913

278,873

Total costs and operating expenses

526,783

556,247

1,580,699

1,581,453

Income from operations

202,246

284,274

542,050

698,026

Interest income and other, net

(10,131)

(10,241)

(28,519)

(29,824)

Income before income taxes

192,115

274,033

513,531.

668,202

提供所得税

25,733

68,687

105,152

160,064

净收入

$

166,382

$

205,346

$

408,379

$

508,138

每股净收益:






Basic

$

1.00

$

1.23

$

2.46

$

3.05

Diluted

$

0.98

$

1.21

$

2.41

$

2.99

每股宣布的现金股息

$

0.40

$

0.35

$

1.20

$

1.05

Weighted average number of shares:






Basic

166,234

167,070

166,297

166,748

Diluted

169,180

170,146

169,425

170,023

KLA-Tencor Corporation

浓缩的综合现金流量的未经审核声明





Three months ended

3月31日，

(In thousands)

2013年

2012年

Cash flows from operating activities:

净收入

$

166,382

$

205,346

调整营业活动提供的净收入净收入的调整：

折旧和摊销

21,168

22,400

Non-cash stock-based compensation expense

18,536

20,914

股权奖项的超额税收福利

(872)

-

Net gain on sale of marketable securities and other investments

（712）

(96)

Changes in assets and liabilities:

Decrease (increase) in accounts receivable, net

142,764

(97,698)

Decrease (increase) in inventories

11,138

(9,694)

Decrease (increase) in other assets

2,753

(42,190)

Increase in accounts payable

4,552

10,481

Decrease in deferred system profit

（19,959）

(7,021)

增加其他负债

69,033

159,652

Net cash provided by operating activities

414,783

262,094

从投资活动中的现金流量：

Capital expenditures, net

（18,300）

(14,278)

购买可供出售证券

（426,630）

(523,615)

Proceeds from sale and maturity of available-for-sale securities

288,244

267,256

Purchase of trading securities

(14,005)

(9,434)

出售交易证券的收益

15,054

10,939

投资活动的净现金

(155,637)

(269,132)

Cash flows from financing activities:

发行普通股票

48,685

74,640.

纳税扣缴与既定和公布的股票单位有关

（728）

(364)

普通股票回购

(68,343)

(66,934)

Payment of dividends to stockholders

（66,561）

(58,524)

股权奖项的超额税收福利

872.

-

Net cash used in financing activities

(86,075)

(51,182)

汇率对现金和现金等价物的影响变化

(6,183)

(2,853)

Net increase (decrease) in cash and cash equivalents

166,888

（61,073）

Cash and cash equivalents at beginning of period

767,313

824,986

Cash and cash equivalents at end of period

$

934,201

$

763,913

补充现金流披露：

支付所得税，净额

$

11,041

$

9,724

Interest paid

$

204

$

248

KLA-Tencor Corporation

浓缩合并未经审计的补充信息

(In thousands, except per share data)

GAAP净收入与非GAAP净收入的和解



Three months ended

Nine months ended


3月31日，2013年

December 31, 2012

3月31日，2012年

3月31日，2013年

3月31日，2012年

GAAP净收入

$

166,382

$

106,630

$

205,346

$

408,379

$

508,138

调整GAAP净收入对非GAAP净收入的调整









Acquisition related charges

一种

4,180

4,242

6,996

15,308

22,030

Restructuring, severance and other related charges

B.

2,845

-

-

5,979

4,032

Restatement related charges

C

-

-

-

-

135

Income tax effect of non-GAAP adjustments

D.

(2,212)

(1,392)

（2,281）

（6,583）

（9,230）

Discrete tax items

E.

-

(3,514)

5,718

(3,514)

10,797

非GAAP净收入

$

171,195

$

105,966

$

215,779

$

419,569

$

535,902

GAAP净收入per diluted share

$

0.98

$

0.63

$

1.21

$

2.41

$

2.99

每摊款非GAAP净收入

$

1.01

$

0.63

$

1.27

$

2.48

$

3.15

Shares used in diluted shares calculation

169,180

169,076

170,146

169,425

170,023

Pre-tax impact of items included in Consolidated Statements of Operations



Acquisition related charges

Restructuring, severance and other related charges

Restatement related charges

Total pre-tax GAAP to non-GAAP adjustment

截至2013年3月31日止三个月






收入成本

$

1,921

$

713.

$

-

$

2,634

工程，研发

835.

2,405

-

3,240

Selling, general and administrative

1,424

(273)

-

1,151

Total in three months ended March 31, 2013

$

4,180

$

2,845

$

-

$

7,025

Three months ended December 31, 2012






收入成本

$

1,921

$

-

$

-

$

1,921

工程，研发

835.

-

-

835.

Selling, general and administrative

1,486

-

-

1,486

截至2012年12月31日止三个月的总数

$

4,242

$

-

$

-

$

4,242

截至2012年3月31日止三个月






收入成本

$

4,608

$

-

$

-

$

4,608

工程，研发

898.

-

-

898.

Selling, general and administrative

1,490

-

-

1,490

Total in three months ended March 31, 2012

$

6,996

$

-

$

-

$

6,996

到5E.ment our condensed consolidated financial statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics (for example, determining which costs and expenses to exclude when calculating such a metric) are inherently subject to significant discretion. As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP.

一种。

Acquisition related charges include amortization of intangible assets associated with acquisitions. Management believes that the expense associated with the amortization of acquisition related intangible assets is 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 the amortization expense 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 performance with our results in prior periods as well as with the performance of other companies.


湾

Restructuring, severance and other related charges include costs associated with the company's decision in the first quarter of fiscal year 2013 to exit from the solar inspection business, as well as those associated with reductions in force. Management believes that it is appropriate to exclude these items as they are not indicative of ongoing operating results and therefore limit comparability. Management believes 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。

Restatement related charges include legal and other expenses related to the investigation regarding the company's historical stock option granting process and related stockholder litigation and other matters. KLA-Tencor has paid or reimbursed legal expenses incurred by a number of its current and former directors, officers and employees in connection with the investigation of the company's historical stock option practices and the related litigation and government inquiries. Management believes that it is appropriate to exclude these items as they are not indicative of ongoing operating results and therefore limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.


天。

非GAAP调整的所得税效应包括上述排除物品的所得税影响。管理层认为，排除上述物品的税收效应是适当的，以呈现更有意义的非GAAP净收入措施。


e。

离散税目包括短期的税收影响falls in excess of cumulative windfall tax benefits recorded as provision for income taxes during the period. Windfall tax benefits arise when a company's tax deduction for employee stock activity exceeds book compensation for the same activity and are generally recorded as increases to capital in excess of par value. Shortfalls arise when the tax deduction is less than book compensation and are recorded as decreases to capital in excess of par value to the extent that cumulative windfalls exceed cumulative shortfalls. Shortfalls in excess of cumulative windfalls are recorded as provision for income taxes. When there are shortfalls recorded as provision for income taxes during an earlier quarter, windfalls arising in subsequent quarters within the same fiscal year are recorded as a reduction to income taxes to the extent of the shortfalls recorded. Management believes that it is appropriate to exclude these or other adjustments to the cumulative windfall tax benefit that are not indicative of ongoing operating results and limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.

SOURCE KLA-Tencor Corporation

Released April 25, 2013