KLA-Tencor Reports Fiscal 2017 First Quarter Results
米尔皮塔斯,加利福尼亚州,2016年10月20日/ Prnewswire / -KLA-Tencor Corporation(NASDAQ: KLAC) today announced operating results for its first quarter of fiscal year 2017, which ended on September 30, 2016, and reported GAAP net income of $178 million and GAAP earnings per diluted share of $1.13 on revenues of $751 million.
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"KLA-Tencor's Q1 results finished above the midpoint of the range of guidance for shipments and revenue for the quarter, and exceeded the range for Non-GAAP diluted earnings per share," commented Rick Wallace, President and Chief Executive Officer of KLA-Tencor. "Our performance in Q1 was fueled by strong customer acceptance of new products and a business model that consistently delivers superior operating leverage, providing the resources to rank KLA-Tencor among the top tier of all companies in tech in terms of cash returns to stockholders."
GAAP Results |
|||
Q1 FY 2017 |
Q4 FY 2016. |
Q1 FY 2016 |
|
Revenues |
$751 million |
9.19万美元 |
6.43亿美元 |
净收入 |
17800万美元 |
27200万美元 |
1.105亿美元 |
Earnings per Diluted Share |
$1.13 |
$1.73 |
$0.66 |
Non-GAAP Results |
|||
Q1 FY 2017 |
Q4 FY 2016. |
Q1 FY 2016 |
|
净收入 |
1.82亿美元 |
27700万美元 |
$112 million |
Earnings per Diluted Share |
$1.16 |
$1.77 |
$0.71 |
在属于本释放的财务报表之后,还提供了GAAP操作结果和非GAAP操作结果之间的对帐。非GAAP结果包括股票基于薪酬的影响,但排除了收购,重组,遣散费和其他相关费用以及与合并相关费用的影响。KLA-Tencor将于2017年第一季度讨论其2017财年第一季度的结果,同时在下午2:00开始在会议电话会议上召开电话会议。太平洋白昼时间。该呼叫的网络广播将可用:www.lisalozano.com。
关于Kla-Tencor:
KLA-Tencor Corporation是一个领先的流程控制和产量管理解决方案提供商,与世界各地的客户合作开发最先进的检查和计量技术。这些技术服务于半导体,LED和其他相关纳米电子行业。通过行业标准产品和世界级工程师和科学家团队,该公司为其客户创造了40年的卓越解决方案。beplay官网uedKla-Tencor总部位于加利福尼亚州米尔皮塔斯,拥有全球专门的客户运营和服务中心。可以找到附加信息//www.lisalozano.com。(klac-f)
Use of Non-GAAP Financial Information:
本新闻稿中提供的非GAAP和补充信息是补充,而不是根据美国GAAP提出的替代品,而不是替代的替代品KLA-Tencor的财务结果。
补充KLA-Tencor浓缩合并financial statements presented in accordance with GAAP, the company provides 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 KLA-Tencor's operating performance and its prospects in the future. Specifically, KLA-Tencor believes that the non-GAAP information provides useful measures to both management and investors regarding financial and business trends relating to KLA-Tencor's financial performance by excluding certain costs and expenses that the company believes are not indicative of its 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.
KLA-Tencor Corporation |
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浓缩合并联合国audited Balance Sheets |
|||||||
(成千上万) |
9月30日,2016 |
June 30, 2016 |
|||||
ASSETS |
|||||||
Cash, cash equivalents and marketable securities |
$ |
2,494,621 |
$ |
2,491,294 |
|||
Accounts receivable, net |
654,699 |
613,233 |
|||||
Inventories |
703,262 |
698,635 |
|||||
Other current assets |
76,580 |
64,870. |
|||||
Land, property and equipment, net |
272,351 |
278,014 |
|||||
Goodwill |
335,198 |
335,177 |
|||||
Deferred income taxes, non-current |
267,793 |
302,219 |
|||||
购买无形资产,网 |
3,065 |
4,331 |
|||||
其他非流动资产 |
188,529 |
174,659 |
|||||
总资产 |
$ |
4,996,098 |
$ |
4,962,432 |
|||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||||
Current liabilities: |
|||||||
应付账款 |
$ |
105,066 |
$ |
106,517 |
|||
Deferred system profit |
185,640 |
174,551 |
|||||
Unearned revenue |
54,841 |
59,147 |
|||||
Other current liabilities |
629,194 |
662,208 |
|||||
Total current liabilities |
974,741. |
1,002,423 |
|||||
Non-current liabilities: |
|||||||
Long-term debt |
3,018,567 |
3,057,936 |
|||||
Unearned revenue |
60,279 |
56,336 |
|||||
其他非流动负债 |
161,002 |
156,623 |
|||||
Total liabilities |
4,214,589 |
4,273,318 |
|||||
股东权益: |
|||||||
Common stock and capital in excess of par value |
447,018 |
452,974 |
|||||
留存收益 |
381,124 |
284,825 |
|||||
Accumulated other comprehensive income (loss) |
(46,633) |
(48,685) |
|||||
Total stockholders' equity |
781,509 |
689,114 |
|||||
负债总额和股东权益 |
$ |
4,996,098 |
$ |
4,962,432 |
|||
KLA-Tencor Corporation |
|||||||
开放的浓缩合并未经审计的报表rations |
|||||||
截至9月30日的三个月, |
|||||||
(In thousands, except per share amounts) |
2016 |
2015 |
|||||
Revenues: |
|||||||
Product |
$ |
561,753 |
$ |
460,739 |
|||
Service |
188,920 |
181,905 |
|||||
总收入 |
750,673 |
642,644 |
|||||
Costs and expenses: |
|||||||
Costs of revenues |
277,836 |
270,244 |
|||||
研究与开发 |
129,233 |
119,943 |
|||||
Selling, general and administrative |
94,388 |
91,663 |
|||||
利息费用和其他,网 |
26,996 |
26,495 |
|||||
所得税前收入 |
222,220 |
134,299 |
|||||
Provision for income taxes |
44,119 |
29,402 |
|||||
Net income |
$ |
178,101 |
$ |
104,897 |
|||
Net income per share: |
|||||||
基本的 |
$ |
1.14 |
$ |
0.67 |
|||
稀 |
$ |
1.13 |
$ |
0.66 |
|||
Cash dividends declared per share |
$ |
0.52 |
$ |
0.52 |
|||
加权平均股份数: |
|||||||
基本的 |
156,129 |
156,820 |
|||||
稀 |
157,021 |
157,984 |
|||||
KLA-Tencor Corporation |
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浓缩合并联合国audited Statements of Cash Flows |
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三个月结束了 |
|||||||
9月30日, |
|||||||
(成千上万) |
2016 |
2015 |
|||||
经营活动中的现金流量: |
|||||||
Net income |
$ |
178,101 |
$ |
104,897 |
|||
Adjustments to reconcile net income to net cash provided by operating activities: |
|||||||
Depreciation and amortization |
14,422 |
19,735 |
|||||
资产减值费用 |
358. |
— |
|||||
基于现金股票的补偿费用 |
11,478 |
12,248 |
|||||
Excess tax benefit from equity awards |
— |
(10,159) |
|||||
销售市场证券和其他投资的净收益 |
(204) |
(1,233) |
|||||
资产和负债的变化: |
|||||||
应收账款减少(增加)净额 |
(38,241) |
124,925 |
|||||
库存中减少(增加) |
1,187 |
(31,243) |
|||||
减少其他资产 |
19,477 |
34,381 |
|||||
增加(减少)应付账款 |
(1,547) |
4,158 |
|||||
增加(减少)延期系统利润 |
11,089 |
(14,504) |
|||||
Decrease in other liabilities |
(26,343) |
(49,423) |
|||||
经营活动提供的净现金 |
169,777 |
193,782 |
|||||
Cash flows from investing activities: |
|||||||
收购非销售证券 |
(1,470) |
— |
|||||
资本支出,网 |
(9,883) |
(7,341) |
|||||
Purchases of available-for-sale securities |
(457,512) |
(343,358) |
|||||
Proceeds from sale of available-for-sale securities |
111,106 |
200,353 |
|||||
Proceeds from maturity of available-for-sale securities |
197,100 |
184,973 |
|||||
Purchases of trading securities |
(52,465) |
(18,267) |
|||||
Proceeds from sale of trading securities |
45,301 |
15,540. |
|||||
投资活动提供的净现金(用于)投资活动 |
(167,823) |
31,900 |
|||||
融资活动的现金流量: |
|||||||
偿还债务 |
(40,000) |
(40,000) |
|||||
Tax withholding payments related to vested and released restricted stock units |
(17,376) |
(21,526) |
|||||
Common stock repurchases |
— |
(142,592) |
|||||
Payment of dividends to stockholders |
(89,313) |
(101,674) |
|||||
Excess tax benefit from equity awards |
— |
10,159 |
|||||
用于融资活动的净现金 |
(146,689) |
(295,633) |
|||||
Effect of exchange rate changes on cash and cash equivalents |
2,572 |
(4,377) |
|||||
净减少现金和现金等价物 |
(142,163) |
(74,328) |
|||||
Cash and cash equivalents at beginning of period |
1,108,488 |
838,025 |
|||||
Cash and cash equivalents at end of period |
$ |
966,325 |
$ |
763,697 |
|||
Supplemental cash flow disclosures: |
|||||||
Income taxes paid, net |
$ |
39,411 |
$ |
7,844 |
|||
Interest paid |
$ |
3,243 |
$ |
3,149 |
|||
Non-cash activities: |
|||||||
购买土地,物业和设备 - 投资活动 |
$ |
1,974 |
$ |
1,490 |
|||
Unsettled common stock repurchase - financing activities |
$ |
— |
$ |
9,610 |
|||
股息payable - financing activities |
$ |
12,045 |
$ |
20,892 |
|||
KLA-Tencor Corporation |
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浓缩合并联合国audited Supplemental Information |
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(In thousands, except per share amounts) |
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Reconciliation of GAAP Net Income to Non-GAAP Net Income |
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三个月结束了 |
|||||||||||||
9月30日,2016 |
June 30, 2016 |
9月30日,2015 |
|||||||||||
GAAP net income |
$ |
178,101 |
$ |
271,541 |
$ |
104,897 |
|||||||
Adjustments to reconcile GAAP net income to non-GAAP net income: |
|||||||||||||
Acquisition-related charges |
a |
1,267 |
1,294 |
3,581 |
|||||||||
重组,遣散和其他相关费用 |
b |
— |
— |
7,066 |
|||||||||
Merger-related charges |
c |
3,605 |
5,795 |
— |
|||||||||
非GAAP调整的所得税效应 |
d |
(1,259) |
(1,795) |
(3,348) |
|||||||||
Non-GAAP net income |
$ |
181,714 |
$ |
276,835. |
$ |
112,196 |
|||||||
每次摊薄股市GAAP净收入 |
$ |
1.13 |
$ |
1.73 |
$ |
0.66 |
|||||||
Non-GAAP net income per diluted share |
$ |
1.16 |
$ |
1.77 |
$ |
0.71 |
|||||||
Shares used in diluted shares calculation |
157,021 |
156,618 |
157,984 |
||||||||||
Pre-tax impact of items included in Condensed Consolidated Unaudited Statements of Operations |
|||||||||||||||
Acquisition- related charges |
重组,遣散和其他相关费用 |
Merger-related charges |
Total pre-tax GAAP to non-GAAP adjustments |
||||||||||||
截至9月30日的三个月,2016 |
|||||||||||||||
Costs of revenues |
$ |
650 |
$ |
— |
$ |
260. |
$ |
910 |
|||||||
研究与开发 |
— |
— |
982 |
982 |
|||||||||||
Selling, general and administrative |
617 |
— |
2,363 |
2,980 |
|||||||||||
Total in three months ended September 30, 2016 |
$ |
1,267 |
$ |
— |
$ |
3,605 |
$ |
4,872 |
|||||||
三个月结束了June 30, 2016 |
|||||||||||||||
Costs of revenues |
$ |
658 |
$ |
— |
$ |
346 |
$ |
1,004 |
|||||||
研究与开发 |
— |
— |
1,223 |
1,223 |
|||||||||||
Selling, general and administrative |
636 |
— |
4,226 |
4,862 |
|||||||||||
Total in three months ended June 30, 2016 |
$ |
1,294 |
$ |
— |
$ |
5,795 |
$ |
7,089 |
|||||||
截至9月30日的三个月,2015 |
|||||||||||||||
Costs of revenues |
$ |
2,285 |
$ |
2,770 |
$ |
— |
$ |
5,055 |
|||||||
研究与开发 |
650 |
1,010 |
— |
1,660 |
|||||||||||
Selling, general and administrative |
646 |
3,286 |
— |
3,932 |
|||||||||||
Total in three months ended September 30, 2015 |
$ |
3,581 |
$ |
7,066 |
$ |
— |
$ |
10,647 |
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To supplement 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.
- Acquisition-related charges includes 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 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 performance with our results in prior periods as well as with the performance of other companies.
- 重组,遣散费和其他相关费用包括与员工遣散费和其他退出成本相关的成本。管理层认为不包括这些物品可帮助投资者在现有时期的结果以及其他公司的绩效方面与我们的业绩进行比较。beplay新闻
- 与2016年10月5日终止的KLA-Tencor和LAM之间的拟议合并直接相关的合并相关费用。收费主要包括员工相关的费用,法律费用和其他费用。管理层认为,将这些物品排除在不指示正在进行的运营结果,因此限制可比性和不包括这些物品的持续运营结果,帮助投资者在现有时期的结果以及其他公司的绩效方面进行比较我们的经营业绩。beplay新闻
- 非GAAP调整的所得税效应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.
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SOURCE KLA-Tencor Corporation
Released October 20, 2016