KLA Corporation Reports Fiscal 2022 First Quarter Results

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- Total revenues were $2.08 billion, finishing towards the upper end of the range of guidance;

- GAAP diluted EPS attributable to KLA was $6.96, above the upper end of the range of guidance, and non-GAAP diluted EPS attributable to KLA was $4.64, finishing towards the upper end of the range of guidance;

- Cash flow from operations and free cash flow were both records at $863.8 million and $794.8 million, respectively;

- Capital returns for the quarter were $562.5 million with $162.8 million in dividends and $399.7 million in share repurchases.

MILPITAS, Calif., Oct. 27, 2021 /PRNewswire/ --beplay体育下载2(NASDAQ: KLAC) today announced operating results for its first quarter of fiscal year 2022, which ended on September 30, 2021, and reported GAAP net income attributable to KLA of $1.07 billion and GAAP earnings per diluted share attributable to KLA of $6.96 on revenue of $2.08 billion.

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“心理契约的执行和苏的记录一致stainable outperformance was evident during the September 2021 quarter, demonstrating the strong momentum in our core markets and the attractive operating leverage inherent in the KLA financial model," commented Rick Wallace, president and chief executive officer of KLA Corporation. "KLA continues to outperform expectations despite significant supply chain challenges by operating with purpose and precision and focusing on creating value for our customers, partners, and shareholders alike. KLA's execution is powered by our global teams continuing to go above and beyond, to meet the challenges and opportunities of the marketplace."

GAAP Results

Q1 20022财年

Q4 FY 2021

Q1 FY 2021

Total Revenue

2,0.84亿美元

$1,925 million

15.39亿美元

Net Income Attributable to KLA

$1,068 million

$633 million

$421 million

Net Income per Diluted Share Attributable to KLA

$ 6.96

$4.10

$2.69

Non-GAAP Results

Q1 20022财年

Q4 FY 2021

Q1 FY 2021

Net Income Attributable to KLA

$712 million

$684 million

4.75亿美元

Net Income per Diluted Share Attributable to KLA

$ 4.64

$4.43

$3.03

在本版本中包含的财务报表之后，提供了GAAP操作结果与非GAAP操作结果之间的对帐。KLA将在今天下午2:00开始的电话会议上讨论其2022财政年度第一季度的结果以及其前景。太平洋时间。通话网络广播将提供：www.kla.com。

第二季度财政2022指导

The following details our guidance for the second quarter of fiscal 2022 ending in December:

  • Total revenue between $2,225 million to $2,425 million
  • GAAP gross margin is expected to be in a range of 60.2% to 62.3%
  • Non-GAAP gross margin is expected to be in a range of 62.0% to 64.0%
  • 可归因于KLA的GAAP稀释EPS预计将在4.69美元至5.59美元之间
  • 非GAAP稀释的EPS可归因于KLA的价格为$ 4.95至$ 5.85

For additional guidance metrics please see the company's published Letter to Shareholders and earnings slides on the KLA investor relations website.

About KLA:

KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at:www.kla.com。

Note Regarding Forward-Looking Statements:

Statements in this press release other than historical facts, such as statements pertaining to total revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending December 31, 2021 are forward-looking statements and 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 impact of the COVID-19 pandemic on the global economy and on our business, financial condition and results of operations, including the supply chain constraints we are experiencing as a result of the pandemic; economic, political and social conditions in the countries in which we, our customers and our suppliers operate, including global trade policies; disruption to our manufacturing facilities or other operations, or the operations of our customers, due to natural catastrophic events, health epidemics or terrorism; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our ability to timely develop new technologies and products that successfully anticipate or address changes in the semiconductor industry; our ability to maintain our technology advantage and protect our proprietary rights; our ability to compete with new products introduced by our competitors; our ability to attract and retain key personnel; cybersecurity threats, cyber incidents affecting our and our service providers' systems and networks and our ability to access critical information systems for daily business operations; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; exposure to a highly concentrated customer base; availability and cost of the wide range of materials used in the production of our products; our ability to operate our business in accordance with our business plan; legal, regulatory and tax environments in which we perform our operations and conduct our business and our ability to comply with relevant laws and regulations; our ability to pay interest and repay the principal of our current indebtedness is dependent upon our ability to manage our business operations, our credit rating and the ongoing interest rate environment, among other factors; instability in the global credit and financial markets; our exposure to currency exchange rate fluctuations, or declining economic conditions in those countries where we conduct our business; changes in our effective tax rate resulting from changes in the tax rates imposed by jurisdictions where our profits are determined to be earned and taxed, expiration of tax holidays in certain jurisdictions, resolution of issues arising from tax audits with various authorities or changes in tax laws or the interpretation of such tax laws; and our ability to identify suitable acquisition targets and successfully integrate and manage acquired businesses. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA Corporation's Annual Report on Form 10-K for the year ended June 30, 2021, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA Corporation assumes no obligation to, and does not currently intend to, update these forward-looking statements.

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Condensed Consolidated Unaudited Balance Sheets

（成千上万个）

9月30日，2021

June 30, 2021

ASSETS

Cash, cash equivalents and marketable securities

$

2,624,813

$

2,494,522

Accounts receivable, net

1,463,974

1,305,479

Inventories

1,715,339

1,575,380

Other current assets

340,546

320,867

Land, property and equipment, net

698,547

663,027

Goodwill

2,041,338

2,011,172

Deferred income taxes, non-current

665,672

270,461

购买的无形资产，网络

1,157,535

1,185,311

Other non-current assets

438,713

444,905

总资产

$

11,146,477

$

10,271,124

LIABILITIES, NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY

Current liabilities:

应付账款

$

380,827

$

342,083

Deferred system revenue

319,846

295,192

递延服务收入

286,741

284,936

Short-term debt

20,000

20,000

Other current liabilities

1,515,596

1,161,016

Total current liabilities

2,523,010

2,103,227

Non-current liabilities:

Long-term debt

3,423,436

3,422,767

Deferred tax liabilities

625,540

650,623

递延服务收入

94,824

87,575

Other non-current liabilities

620,581

631,290

Total liabilities

7,287,391

6,895,482

股东权益：

Common stock and capital in excess of par value

2,137,706

2,175,988

Retained earnings

1,801,268

1,277,123

积累其他综合损失

(78,044)

（75,557）

Total KLA stockholders' equity

3,860,930

3,377,554

Non-controlling interest in consolidated subsidiaries

（1,844）

(1,912)

Total stockholders' equity

3,859,086

3,375,642

总负债和股东权益

$

11,146,477

$

10,271,124

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凝结的合并未经审计的操作陈述

截至9月30日的三个月，

(In thousands, except per share amounts)

2021

2020

Revenues:

Product

$

1,629,888

$

1,145,495

服务

453,950

393,125

总收入

2,083,838

1,538,620

Costs and expenses:

Costs of revenues

813,624

620,562

研究与开发

258,153

219,038

Selling, general and administrative

193,261

172,631

利息花费

38,312

39,386

Other expense (income), net

14,140

3,197

所得税之前的收入

766,348

483,806

Provision (benefit) for income taxes

(302,137)

63,664

Net income

1,068,485

420,142

Less: Net income (loss) attributable to non-controlling interest

68

（425）

归因于KLA的净收入

$

1,068,417

$

420,567

可归因于KLA的每股净收入：

基本的

$

7.01

$

2.71

Diluted

$

6.96

$

2.69

加权平均股票数量：

基本的

152,330

155,281

Diluted

153,410

156,442

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Condensed Consolidated Unaudited Statements of Cash Flows

截至9月30日的三个月，

（成千上万个）

2021

2020

Cash flows from operating activities:

Net income

$

1,068,485

$

420,142

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

Depreciation and amortization

84,824

80,066

未实现的外汇（收益）损失和其他

15,639

(12,907)

资产impairment charges

5,962

865

基于股票的薪酬费用

25,216

26,992

Deferred income taxes

（427,970）

(14,967)

Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:

Accounts receivable

（180,354）

73,000

Inventories

(138,189)

（85,991）

Other assets

4,673

20,070

应付账款

41,868

(9,822)

Deferred system revenue

33,469

(82,633)

递延服务收入

4,912

(3,646)

其他负债

325,262

101,002

Net cash provided by operating activities

863,797

512,171

Cash flows from investing activities:

Proceeds from sale of assets

—

1,114

商业收购，获得现金的网络

(37,986)

—

资本支出

（68,955）

(55,925)

Purchases of available-for-sale securities

(264,000)

(231,821)

Proceeds from sale of available-for-sale securities

14,954

53,249

Proceeds from maturity of available-for-sale securities

178,414

95,835

Purchases of trading securities

（22,896）

(18,630)

所得securiti出售交易es

25,163

21,244

Proceeds from other investments

—

614

Net cash used in investing activities

(175,306)

(134,320)

Cash flows from financing activities:

Proceeds from revolving credit facility

300,000

—

偿还债务

(300,000)

(50,000)

Common stock repurchases

（399,677）

(187,897)

Payment of dividends to stockholders

（162,821）

(141,164)

Tax withholding payments related to equity awards

(46,532)

(25,145)

用于融资活动的现金净现金

（609,030）

（404,206）

Effect of exchange rate changes on cash and cash equivalents

(4,507)

7,766

现金和现金当量的净增加（减少）

74,954

(18,589)

Cash and cash equivalents at beginning of period

1,434,610

1,234,409

现金和现金当量在期末

$

1,509,564

$

1,215,820

Supplemental cash flow disclosures:

所得税已支付

$

57,532

$

54,185

Interest paid

$

39,717

$

40,071

Non-cash activities:

Accrued purchase of land, property and equipment - investing activities

$

22,962

$

23,388

Contingent consideration payable - financing activities

$

12,810

$

(2,987)

Dividends payable - financing activities

$

1,783

$

1,660

Unsettled common stock repurchase - financing activities

$

5,999

$

6,000

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Segment Information (Unaudited)

The following is a summary of results for each of our four reportable segments and reconciliation to total revenues for the indicated periods:

截至9月30日的三个月，

(In thousands)

2021

2020

Revenues:

Semiconductor Process Control

$

1,779,083

$

1,267,954

Specialty Semiconductor Process

102,029

88,954

PCB，显示和组件检查

202,808

181,177

Other

—

140

可报告细分市场的总收入

2,083,920

1,538,225

外汇率的公司分配和影响

（82）

395

总收入

$

2,083,838

$

1,538,620

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Condensed Consolidated Unaudited Supplemental Information

Reconciliation of GAAP Net Income to Non-GAAP Net Income

Three Months Ended

(In thousands, except per share amounts)

9月30日，

2021

June 30,

2021

9月30日，

2020

归因于KLA的GAAP净收入

$

1,068,417

$

632,978

$

420,567

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

Acquisition-related charges

a

60,168

53,008

50,475

重组，severance and other charges

b

125

1,358

3,253

Income tax effect of non-GAAP adjustments

c

（19,684）

(16,910)

(17,013)

Discrete tax items

d

(397,000)

13,620

17,487

Non-GAAP net income attributable to KLA

$

712,026

$

684,054

$

474,769

应归因于KLA的每份稀释股的GAAP净收入

$

6.96

$

4.10

$

2.69

归因于KLA的每份稀释份额的非GAAP净收入

$

4.64

$

4.43

$

3.03

Shares used in diluted shares calculation

153,410

154,283

156,442

Pre-tax Impact of GAAP to Non-GAAP Adjustments Included in Condensed Consolidated Unaudited Statements of Operations

（成千上万个）

Acquisition -
Related
指控

重组，
Severance and
Other Charges

Total Pre-tax
GAAP到非GAAP
Adjustments

截至9月30日的三个月，2021

Costs of revenues

$

41,115

$

—

$

41,115

研究与开发

5,962

—

5,962

Selling, general and administrative

13,091

—

13,091

Other expense (income), net

—

125

125

Total in three months ended Sept. 30, 2021

$

60,168

$

125

$

60,293

截至2021年6月30日的三个月

Costs of revenues

$

40,499

$

(471)

$

40,028

研究与开发

—

203

203

Selling, general and administrative

12,509

1,626

14,135

Total in three months ended June 30, 2021

$

53,008

$

1,358

$

54,366

截至9月30日的三个月，2020

Costs of revenues

$

37,040

$

636

$

37,676

研究与开发

—

923

923

Selling, general and administrative

13,435

1,933

15,368

Other expense (income), net

—

（239）

（239）

Total in three months ended Sept. 30, 2020

$

50,475

$

3,253

$

53,728

自由现金流和解

截至9月30日的三个月，

（成千上万个）

2021

2020

Net cash provided by operating activities

$

863,797

$

512,171

资本支出

（68,955）

(55,925)

自由现金流

$

794,842

$

456,246

Second Quarter Fiscal 2021 Guidance

Reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS

Three Months Ending Dec. 31, 2021

(In millions, except per share amounts)

低的

High

应归因于KLA的每份稀释股的GAAP净收入

$ 4.69

$ 5.59

Acquisition-related charges

a

0.36

0.36

重组，severance and other charges

b

0.01

0.01

Income tax effect of non-GAAP adjustments

c

（0.11）

（0.11）

归因于KLA的每份稀释份额的非GAAP净收入

$ 4.95

$ 5.85

Shares used in net income per diluted share calculation

152.2

152.2

Reconciliation of GAAP Gross Margin to Non-GAAP Gross Margin

Three Months Ending Dec. 31, 2021

低的

High

GAAP gross margin

60.2％

62.3%

Acquisition-related charges

a

1.8%

1.7%

Non-GAAP gross margin

62.0%

64.0%

The Non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA's financial results presented in accordance with United States GAAP.

为了补充我们根据GAAP提出的凝结的合并财务报表，我们提供了某些非GAAP财务信息，这些信息根据GAAP的结果进行了调整，以排除某些费用和费用以及其他补充信息。提供了非GAAP和补充信息，以增强用户对我们的运营绩效和未来前景的总体理解。具体而言，我们认为，非GAAP信息，包括可归因于KLA的非GAAP净收入，可归因于KLA的每股非GAAP净收入，非GAAP毛利率和自由现金流，为管理层提供了有用的措施beplay新闻投资者通过排除我们认为我们认为的某些成本和费用并不能指示我们的核心运营成果来帮助投资者将我们的运营性能与上一时期的业绩以及其他公司的业绩进行比较，从而与我们的财务绩效有关的财务和业务趋势进行了投资。。非GAAP信息是管理层用于未来预测的预算和规划工具之一。但是，由于对于大多数非GAAP财务指标没有标准化或普遍接受的定义，因此非GAAP金融指标的定义本质上受到重大酌处权（例如，确定计算此类指标时要排除哪些成本和费用）。结果，非GAAP财务指标的定义可能在公司之间，甚至在同一公司内的期限到期限都大不相同，这可能会将此类信息的实用性限制为投资者。beplay官网ued非GAAP和补充信息的介绍不应孤立地考虑，也不应作为根据美国GAAP制备和呈现的结果的替代品。以下是对KLA归因于KLA的非GAAP净收入的调整的调整的描述：KLA：

一个。

Acquisition-related charges primarily include amortization of intangible assets and other acquisition-related adjustments including adjustments for the fair valuation of inventory and backlog, and transaction costs associated with our acquisitions.

b.

重组，severance and other charges primarily include costs associated with employee severance, acceleration of certain stock-based compensation arrangements, and other exit costs.

c.

非GAAP调整的所得税效应包括上述排除项目的所得税效应。

d.

Discrete tax items in the three months ended September 30, 2021 primarily relate to a one-time tax benefit of $394.5 million resulting from changes made to our international structure to better align ownership of certain intellectual property rights with how our business operates. Discrete tax items in the three months ended June 30, 2021 include tax expense from an increase in deferred tax liability on purchased intangibles relating to an increase in the United Kingdom statutory income tax rate, partially offset by a net tax benefit from an internal restructuring and a reduction in unrecognized tax benefits. Discrete tax items in the three months ended September 30, 2020 include a tax expense of $14.0 million due to an increase in deferred tax liability on purchased intangibles relating to an increase in the United Kingdom statutory income tax rate as well as tax expense from a restructuring.

CisionView original content:https://www.prnewswire.com/news-releases/kla-corporation-reports-fiscal-2022-first-first-quarter-results-301410296.html

来源KLA公司beplay体育下载2

Released October 27, 2021