beplay体育下载2KLA Corporation季度报告根据第13或15（d）

根据第13或15（d）条的季度报告

衍生工具和对冲活动

衍生工具和对冲活动

6 Months Ended

Dec. 31, 2018

注15 - 衍生工具和对冲活动

权威的指导要求公司recognize all derivative instruments and hedging activities, including foreign currency exchange contracts and interest rate lock agreements, (collectively “derivatives”) as either assets or liabilities at fair value on the condensed consolidated balance sheets. In accordance with the accounting guidance, we designate foreign currency exchange contracts and interest rate lock agreements as cash flow hedges of certain forecasted foreign currency denominated sales and purchase transactions, and the benchmark interest rate of the corresponding debt financing, respectively.

我们的外国子公司运营和销售我们的刺激ucts in various global markets. As a result, we are exposed to risks relating to changes in foreign currency exchange rates. We utilize foreign currency forward exchange contracts and option contracts to hedge against future movements in foreign exchange rates that affect certain existing and forecasted foreign currency denominated sales and purchase transactions, such as the Japanese yen, the euro, the New Taiwan dollar and the Israeli new shekel. We routinely hedge our exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. These currency forward exchange contracts and options, designated as cash flow hedges, generally have maturities of less than 18 months 。Cash flow hedges are evaluated for effectiveness monthly, based on changes in total fair value of the derivatives. If a financial counterparty to any of our hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, we may experience material losses.

In October 2014 , we entered into a series of forward contracts (“Rate Lock Agreements”) to lock the benchmark rate on a portion of the Senior Notes. The Rate Lock Agreements was matured and terminated in the second quarter of the fiscal year ended June 30, 2015 and we recorded the fair value of $7.5 million 从累积的其他综合收入（损失）（“ OCI”）中获得收益 December 31, 2014 。作为 December 31, 2018 , the unamortized portion of the fair value of the forward contracts for the Rate Lock Agreements was 440万美元。有关更多详细信息，请参阅注释16，“衍生工具和对冲活动”的票据中的“合并财务报表”中包含的合并财务报表，我们的年度报告截至财政年度的10-K表格中， June 30, 2018 。

During the three months ended June 30, 2018 , we entered into a series of forward contracts (the “2018 Rate Lock Agreements”) to lock the benchmark interest rate prior to expected debt issuances. The objective of the 2018 Rate Lock Agreements was to hedge the risk associated with the variability in interest rates due to the changes in the benchmark rate leading up to the closing of the intended financing, on the notional amount being hedged. The 2018 Rate Lock Agreement had a notional amount of $500.0 million 截至2019年6月30日的财政年度上半年的合同到期日期。每份远期合同将在预定债务的部分套期或到期日期的较早时间内关闭。我们将2018年的费率锁定协议指定为合格的对冲工具，该工具被解释为现金流对冲。在截至2018年12月31日的六个月中，2018年的费用锁定协议延长了，截至2019年3月31日的财政季度的到期日期和已实现的净损失 $3.8 million 被记录在OCI中。

For derivatives that are designated and qualify as cash flow hedge, the effective portion of the gains or losses is reported in OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Prior to adopting the new accounting guidance for hedge accounting, time value was excluded from the assessment of effectiveness for derivatives designated as cash flow hedges. Time value was amortized on a mark-to-market basis and recognized in earnings over the life of the derivative contract. For derivative contracts executed after adopting the new accounting guidance, the election to include time value for the assessment of effectiveness is made on all forward contracts designated as cash flow hedges. The change in fair value of the derivative are recorded in OCI until the hedged item is recognized in earnings. The assessment of effectiveness of options contracts designated as cash flow hedges continue to exclude time value after adopting the new accounting guidance. The initial value of the component excluded from the assessment of effectiveness are recognized in earnings over the life of the derivative contract. Any difference between change in the fair value of the excluded components and the amounts recognized in earnings are recorded in OCI.

对于未指定为现金流套罩的衍生工具，以其他费用（收入）确认收益和损失。我们使用外币远期合同来对冲某些以外币计价的资产或负债。这些衍生工具的收益和损失在很大程度上被应对资产或负债的公允价值变化所抵消。

Derivatives in Cash Flow Hedging Relationships: Foreign Exchange and Interest Rate Contracts

The gains (losses) on derivatives in cash flow hedging relationships recognized in OCI for the indicated periods were as follows:



	三个月结束了					Six months ended
	December 31,					December 31,
(In thousands)	2018			2017		2018			2017
Derivatives Designated as Hedging Instruments:
费率锁定协议：
Amounts included in the assessment of effectiveness	$	（17,752	）	$	-	$	（5,396	）	$	-
Foreign exchange contracts:
Amounts included in the assessment of effectiveness	$	(1,201	）	$	697	$	237		$	1,141
评估有效性不包括在内的金额	$	（29	）	$	-	$	（29	）	$	-

The locations and amounts of designated and non-designated derivative’s gains and losses reported in the condensed consolidated statements of operations for the indicated periods were as follows:



	三个月结束了December 31,										三个月结束了December 31,
	2018										2017
(In thousands)	Revenue		Cost of revenues			Interest expense		Other income (expense), net			Revenue		Cost of revenues		Interest expense		Other income (expense), net
Total amounts presented in the condensed consolidated statement of operations in which the effects of cash flow hedges are recorded	$	1,119,898	$	408,260		$	26,538	$	(9,228	）	$	975,822	$	347,002	$	27,372	$	(7,824	）
Gains (losses) on Derivatives Designated as Hedging Instruments:
费率锁定协议：
从累积的OCI重新分类为收益的收益（损失）数量（损失）	$	-	$	-		$	189	$	-		$	-	$	-	$	-	$	-
从累积的OCI重新分类为收益的收益（损失）数量（损失）as a result that a forecasted transaction is no longer probable of occurring	$	-	$	-		$	-	$	(108	）	$	-	$	-	$	-	$	-
Foreign exchange contracts:
从累积的OCI重新分类为收益的收益（损失）数量（损失）	$	1,705	$	(158	）	$	-	$	(3	）	$	397	$	377	$	189	$	-
根据摊销方法，收入中认可的有效性评估的金额不包括在评估中	$	80	$	(8	）	$	-	$	-		$	-	$	-	$	-	$	-
Amount excluded from the assessment of effectiveness	$	-	$	-		$	-	$	(220	）	$	-	$	-	$	-	$	(158	）
Gains (losses) on Derivatives Not Designated as Hedging Instruments:
Amount of gains (losses) recognized in earnings	$	-	$	-		$	-	$	(3,700	）	$	-	$	-	$	-	$	3,237



	Six months ended December 31,										Six months ended December 31,
	2018										2017
(In thousands)	Revenue		Cost of revenues			Interest expense		Other income (expense), net			Revenue		Cost of revenues		Interest expense		Other income (expense), net
Total amounts presented in the condensed consolidated statement of operations in which the effects of cash flow hedges are recorded	$	2,213,158	$	789,647		$	52,900	$	（19,253	）	$	1,945,403	$	700,119	$	57,948	$	(12,207	）
Gains (losses) on Derivatives Designated as Hedging Instruments:
费率锁定协议：
从累积的OCI重新分类为收益的收益（损失）数量（损失）	$	-	$	-		$	377	$	-		$	-	$	-	$	-	$	-
从累积的OCI重新分类为收益的收益（损失）数量（损失）as a result that a forecasted transaction is no longer probable of occurring	$	-	$	-		$	-	$	4		$	-	$	-	$	-	$	-
Foreign exchange contracts:
从累积的OCI重新分类为收益的收益（损失）数量（损失）	$	2,688	$	（292	）	$	-	$	（18	）	$	1,365	$	1,338	$	378	$	-
根据摊销方法，收入中认可的有效性评估的金额不包括在评估中	$	80	$	(8	）	$	-	$	-		$	-	$	-	$	-	$	-
Amount excluded from the assessment of effectiveness	$	-	$	-		$	-	$	(88	）	$	-	$	-	$	-	$	(229	）
Gains (losses) on Derivatives Not Designated as Hedging Instruments:
Amount of gains (losses) recognized in earnings	$	-	$	-		$	-	$	63		$	-	$	-	$	-	$	3,676

The U.S. dollar equivalent of all outstanding notional amounts of foreign currency hedge contracts, with maximum remaining maturities of approximately 十 months as of December 31, 2018 and June 30, 2018 ，如下：



(In thousands)	作为 December 31, 2018		作为 June 30, 2018
Cash flow hedge contracts - foreign currency
Purchase	$	777	$	8,116
Sell	$	84,302	$	115,032
其他外币对冲合同
Purchase	$	163,758	$	130,442
Sell	$	173,793	$	154,442

的位置和公允价值衍生品再保险ported in our Condensed Consolidated Balance Sheets as of the dates indicated below were as follows:



	Asset Derivatives					责任衍生物
	Balance Sheet Location	作为 December 31, 2018		作为 June 30, 2018		Balance Sheet Location	作为 December 31, 2018		作为 June 30, 2018
(In thousands)		公允价值					公允价值
指定为对冲乐器的衍生物
评分锁定合同	其他流动资产	$	-	$	219	Other current liabilities	$	10,955	$	5,158
Foreign exchange contracts	其他流动资产	102		3,259		Other current liabilities	649		312
指定为对冲工具的总导数		102		3,478			11,604		5,470
Derivatives not designated as hedging instruments
Foreign exchange contracts	其他流动资产	1,630		1,907		Other current liabilities	2,714		1,358
总导数not designated as hedging instruments		1,630		1,907			2,714		1,358
总导数		$	1,732	$	5,385		$	14,318	$	6,828

The changes in OCI, before taxes, related to derivatives for the indicated periods were as follows:



	三个月结束了 December 31,						Six months ended December 31,
(In thousands)	2018			2017			2018			2017
Beginning balance	$	15,103		$	6,452		$	2,346		$	8,126
Amount reclassified to earnings	(1,736		）	(963		）	（2,773		）	（3,081		）
Net change in unrealized gains or losses	（18,982		）	697			（5,188		）	1,141
结束平衡	$	(5,615	）	$	6,186		$	(5,615	）	$	6,186

衍生资产和负债的抵消

我们在凝结的合并资产负债表中以明智的公允价值介绍衍生物。我们已经与每个交易对手进行了安排，这些安排通过允许在某些条件下与同一交易对手的交易进行净定居，从而降低了信用风险。与所示期间的抵消安排相关的信息如下（以千分为单位）：



作为December 31, 2018									Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
Description	Gross Amounts of Derivatives			Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets		Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives - Assets	$	1,732		$	-	$	1,732		$	(995	）	$	-	$	737
Derivatives - Liabilities	$	（14,318	）	$	-	$	（14,318	）	$	995		$	-	$	(13,323	）



截至2018年6月30日									Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
Description	Gross Amounts of Derivatives			Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets		Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives - Assets	$	5,385		$	-	$	5,385		$	(1,888	）	$	-	$	3,497
Derivatives - Liabilities	$	(6,828	）	$	-	$	(6,828	）	$	1,888		$	-	$	(4,940	）