falsedesktopKLAC2020-12-31000031920121000008{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_1": "\t\tPage Number\nPART I\tFINANCIAL INFORMATION\t\nItem 1\tFinancial Statements (Unaudited)\t\n\tCondensed Consolidated Balance Sheets as of December 31 2020 and June 30 2020\t3\n\tCondensed Consolidated Statements of Operations for the Three Months and Six Months Ended December 31 2020 and 2019\t4\n\tCondensed Consolidated Statements of Comprehensive Income for the Three Months and Six Months Ended December 31 2020 and 2019\t5\n\tCondensed Consolidated Statements of Stockholders' Equity for the Three Months and Six Months Ended December 31 2020 and 2019\t6\n\tCondensed Consolidated Statements of Cash Flows for the Six Months Ended December 31 2020 and 2019\t7\n\tNotes to Condensed Consolidated Financial Statements\t8\nItem 2\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t37\nItem 3\tQuantitative and Qualitative Disclosures About Market Risk\t53\nItem 4\tControls and Procedures\t54\nPART II\tOTHER INFORMATION\t\nItem 1\tLegal Proceedings\t55\nItem 1A\tRisk Factors\t55\nItem 2\tUnregistered Sales of Equity Securities and Use of Proceeds\t73\nItem 3\tDefaults Upon Senior Securities\t73\nItem 4\tMine Safety Disclosures\t73\nItem 5\tOther Information\t73\nItem 6\tExhibits\t74\nSIGNATURES\t\t75\n", "q10k_tbl_2": "(In thousands)\tDecember 31 2020\tJune 30 2020\nASSETS\t\t\nCurrent assets:\t\t\nCash and cash equivalents\t1431466\t1234409\nMarketable securities\t865064\t746063\nAccounts receivable net\t1219189\t1107413\nInventories\t1420618\t1310985\nOther current assets\t286617\t324675\nTotal current assets\t5222954\t4723545\nLand property and equipment net\t594185\t519824\nGoodwill\t2045445\t2045402\nDeferred income taxes\t258734\t236797\nPurchased intangible assets net\t1289843\t1391413\nOther non-current assets\t403483\t362979\nTotal assets\t9814644\t9279960\nLIABILITIES NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY\t\t\nCurrent liabilities:\t\t\nAccounts payable\t262496\t264280\nDeferred system revenue\t274642\t336237\nDeferred service revenue\t239618\t233493\nShort-term debt\t20000\t0\nOther current liabilities\t1223356\t865776\nTotal current liabilities\t2020112\t1699786\nNon-current liabilities:\t\t\nLong-term debt\t3441465\t3469670\nDeferred tax liabilities\t646028\t660885\nDeferred service revenue\t88769\t96325\nOther non-current liabilities\t667964\t672284\nTotal liabilities\t6864338\t6598950\nCommitments and contingencies (Notes 9 14 and 15)\t\t\nStockholders' equity:\t\t\nCommon stock and capital in excess of par value\t2104190\t2090268\nRetained earnings\t903696\t654930\nAccumulated other comprehensive income (loss)\t(72704)\t(79774)\nTotal KLA stockholders' equity\t2935182\t2665424\nNon-controlling interest in consolidated subsidiaries\t15124\t15586\nTotal stockholders' equity\t2950306\t2681010\nTotal liabilities and stockholders' equity\t9814644\t9279960\n", "q10k_tbl_3": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands except per share amounts)\t2020\t2019\t2020\t2019\nRevenues:\t\t\t\t\nProduct\t1238023\t1144550\t2383518\t2202525\nService\t412847\t364903\t805972\t720342\nTotal revenues\t1650870\t1509453\t3189490\t2922867\nCosts and expenses:\t\t\t\t\nCosts of revenues\t669733\t633618\t1290295\t1237859\nResearch and development\t229064\t220751\t448102\t431331\nSelling general and administrative\t181909\t192253\t354540\t380598\nInterest expense\t38880\t40472\t78266\t80822\nOther expense (income) net\t3882\t(2568)\t7079\t(4186)\nIncome before income taxes\t527402\t424927\t1011208\t796443\nProvision for income taxes\t70419\t44622\t134083\t69742\nNet income\t456983\t380305\t877125\t726701\nLess: Net loss attributable to non-controlling interest\t(268)\t(250)\t(693)\t(379)\nNet income attributable to KLA\t457251\t380555\t877818\t727080\nNet income per share attributable to KLA\t\t\t\t\nBasic\t2.96\t2.42\t5.67\t4.60\nDiluted\t2.94\t2.40\t5.62\t4.56\nWeighted-average number of shares:\t\t\t\t\nBasic\t154273\t157290\t154777\t157994\nDiluted\t155560\t158620\t156057\t159314\n", "q10k_tbl_4": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nNet income\t456983\t380305\t877125\t726701\nOther comprehensive income (loss):\t\t\t\t\nCurrency translation adjustments:\t\t\t\t\nCumulative currency translation adjustments\t8901\t2844\t14341\t406\nIncome tax (provision) benefit\t(787)\t(247)\t(1190)\t146\nNet change related to currency translation adjustments\t8114\t2597\t13151\t552\nCash flow hedges:\t\t\t\t\nNet unrealized gains (losses) arising during the period\t(1357)\t2290\t(2275)\t1548\nReclassification adjustments for net (gains) losses included in net income\t1115\t125\t1061\t1652\nIncome tax (provision) benefit\t52\t(412)\t260\t(436)\nNet change related to cash flow hedges\t(190)\t2003\t(954)\t2764\nNet change related to unrecognized losses and transition obligations in connection with defined benefit plans\t(379)\t(51)\t(3498)\t678\nAvailable-for-sale securities:\t\t\t\t\nNet unrealized gains (losses) arising during the period\t(911)\t616\t(1862)\t1799\nReclassification adjustments for net (gains) losses included in net income\t(111)\t82\t(212)\t86\nIncome tax (provision) benefit\t219\t(150)\t445\t392\nNet change related to available-for-sale securities\t(803)\t548\t(1629)\t2277\nOther comprehensive income (loss)\t6742\t5097\t7070\t6271\nLess: Comprehensive loss attributable to non-controlling interest\t(268)\t(250)\t(693)\t(379)\nTotal comprehensive income attributable to KLA\t463993\t385652\t884888\t733351\n", "q10k_tbl_5": "\tCommon Stock and Capital in Excess of Par Value\t\tRetained Earnings\tAccumulated Other Comprehensive Income (Loss)\tTotal KLA Stockholder's Equity\tNon- Controlling Interest\tTotal Stockholders' Equity\n(In thousands except per share amounts)\tShares\tAmount\nBalance as of June 30 2020\t155461\t2090268\t654930\t(79774)\t2665424\t15586\t2681010\nAdoption of ASC 326\t0\t0\t(5530)\t0\t(5530)\t0\t(5530)\nNet income attributable to KLA\t0\t0\t420567\t0\t420567\t0\t420567\nOther comprehensive income\t0\t0\t0\t328\t328\t0\t328\nNet loss attributable to non-controlling interest\t0\t0\t0\t0\t0\t(425)\t(425)\nNet issuance under employee stock plans\t172\t(25145)\t0\t0\t(25145)\t0\t(25145)\nRepurchase of common stock\t(1027)\t(19400)\t(174497)\t0\t(193897)\t0\t(193897)\nCash dividends ($0.90 per share) and dividend equivalents declared\t0\t0\t(141555)\t0\t(141555)\t0\t(141555)\nStock-based compensation expense\t\t26992\t0\t0\t26992\t0\t26992\nBalance as of September 30 2020\t154606\t2072715\t753915\t(79446)\t2747184\t15161\t2762345\nNet income attributable to KLA\t0\t0\t457251\t0\t457251\t0\t457251\nOther comprehensive income\t0\t0\t0\t6742\t6742\t0\t6742\nNet loss attributable to non-controlling interest\t0\t0\t0\t0\t0\t(268)\t(268)\nNet issuance under employee stock plans\t329\t15356\t0\t0\t15356\t0\t15356\nRepurchase of common stock\t(774)\t(10477)\t(167015)\t0\t(177492)\t0\t(177492)\nCash dividends ($0.90 per share) and dividend equivalents declared\t0\t0\t(140455)\t0\t(140455)\t0\t(140455)\nStock-based compensation expense\t0\t26596\t0\t0\t26596\t231\t26827\nBalance as of December 31 2020\t154161\t2104190\t903696\t(72704)\t2935182\t15124\t2950306\n", "q10k_tbl_6": "\tCommon Stock and Capital in Excess of Par Value\t\tRetained Earnings\tAccumulated Other Comprehensive Income (Loss)\tTotal KLA Stockholder's Equity\tNon- Controlling Interest\tTotal Stockholders' Equity\n(In thousands except per share amounts)\tShares\tAmount\nBalance as of June 30 2019\t159475\t2017312\t714825\t(73029)\t2659108\t18585\t2677693\nNet income attributable to KLA\t0\t0\t346525\t0\t346525\t0\t346525\nOther comprehensive income\t0\t0\t0\t1174\t1174\t0\t1174\nNet loss attributable to non-controlling interest\t0\t0\t0\t0\t0\t(129)\t(129)\nNet issuance under employee stock plans\t281\t(23423)\t0\t0\t(23423)\t0\t(23423)\nRepurchase of common stock\t(1659)\t(20988)\t(207508)\t0\t(228496)\t0\t(228496)\nCash dividends ($0.75 per share) and dividend equivalents declared\t0\t0\t(120669)\t0\t(120669)\t0\t(120669)\nStock-based compensation expense\t0\t26944\t0\t0\t26944\t0\t26944\nBalance as of September 30 2019\t158097\t1999845\t733173\t(71855)\t2661163\t18456\t2679619\nNet income attributable to KLA\t0\t0\t380555\t0\t380555\t0\t380555\nOther comprehensive income\t0\t0\t0\t5097\t5097\t0\t5097\nNet loss attributable to non-controlling interest\t0\t0\t0\t0\t0\t(250)\t(250)\nNet issuance under employee stock plans\t442\t12262\t0\t0\t12262\t0\t12262\nRepurchase of common stock\t(1690)\t(21375)\t(259218)\t0\t(280593)\t0\t(280593)\nCash dividends ($0.85 per share) and dividend equivalents declared\t0\t0\t(135509)\t0\t(135509)\t0\t(135509)\nStock-based compensation expense\t0\t26789\t0\t0\t26789\t0\t26789\nBalance as of December 31 2019\t156849\t2017521\t719001\t(66758)\t2669764\t18206\t2687970\n", "q10k_tbl_7": "\tSix Months Ended\t\n\tDecember 31\t\n(In thousands)\t2020\t2019\nCash flows from operating activities:\t\t\nNet income\t877125\t726701\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\nDepreciation and amortization\t164323\t187122\nLoss (gain) on unrealized foreign exchange and other\t(18570)\t4763\nAsset impairment charges\t865\t2581\nStock-based compensation expense\t53819\t53733\nChanges in assets and liabilities net of assets acquired and liabilities assumed in business acquisitions:\t\t\nAccounts receivable\t(117189)\t(201896)\nInventories\t(112206)\t(6568)\nOther assets\t(51287)\t(5372)\nAccounts payable\t(1783)\t54143\nDeferred system revenue\t(61595)\t(35245)\nDeferred service revenue\t(1431)\t(3117)\nOther liabilities\t341181\t107131\nNet cash provided by operating activities\t1073252\t883976\nCash flows from investing activities:\t\t\nProceeds from sale of assets\t1855\t0\nBusiness acquisitions net of cash acquired\t0\t(78530)\nCapital expenditures\t(115069)\t(67440)\nPurchases of available-for-sale securities\t(492048)\t(408482)\nProceeds from sale of available-for-sale securities\t110812\t35736\nProceeds from maturity of available-for-sale securities\t259327\t357450\nPurchases of trading securities\t(35371)\t(21873)\nProceeds from sale of trading securities\t39668\t27212\nProceeds from other investments\t614\t1086\nNet cash used in investing activities\t(230212)\t(154841)\nCash flows from financing activities:\t\t\nProceeds from issuance of debt net of issuance costs\t40343\t0\nProceeds from revolving credit facility\t0\t250000\nRepayment of debt\t(50000)\t(275000)\nCommon stock repurchases\t(365389)\t(513089)\nPayment of dividends to stockholders\t(280748)\t(256332)\nIssuance of common stock\t26356\t24613\nTax withholding payments related to vested and released restricted stock units\t(36145)\t(35775)\nPayment of contingent consideration payable\t0\t(60)\nNet cash used in financing activities\t(665583)\t(805643)\nEffect of exchange rate changes on cash and cash equivalents\t19600\t378\nNet increase (decrease) in cash and cash equivalents\t197057\t(76130)\nCash and cash equivalents at beginning of period\t1234409\t1015994\nCash and cash equivalents at end of period\t1431466\t939864\nSupplemental cash flow disclosures:\t\t\nIncome taxes paid\t113949\t70746\nInterest paid\t76996\t79486\nNon-cash activities:\t\t\nContingent consideration (receivable) payable - financing activities\t(8748)\t5825\nDividends payable - financing activities\t1203\t3190\nUnsettled common stock repurchase - financing activities\t6000\t4000\nAccrued purchases of land property and equipment - investing activities\t25987\t13755\n", "q10k_tbl_8": "\tAs of\tAs of\t\t\n(In thousands except for percentage)\tDecember 31 2020\tJune 30 2020\t Change\t% Change\nAccounts receivable net\t1219189\t1107413\t111776\t10%\nContract assets\t94375\t99876\t(5501)\t(6)%\nContract liabilities\t603029\t666055\t(63026)\t(9)%\n", "q10k_tbl_9": "\t\tQuoted Prices in Active Markets for Identical Assets\tSignificant Other Observable Inputs\tLittle or No Market Activity Inputs\nAs of December 31 2020 (In thousands)\tTotal\t(Level 1)\t(Level 2)\t(Level 3)\nAssets\t\t\t\t\nCash equivalents:\t\t\t\t\nMoney market funds and other\t795712\t795712\t0\t0\nU.S. Treasury securities\t15400\t0\t15400\t0\nMarketable securities:\t\t\t\t\nCorporate debt securities\t418348\t0\t418348\t0\nMunicipal securities\t39352\t0\t39352\t0\nSovereign securities\t3059\t0\t3059\t0\nU.S. Government agency securities\t146096\t146096\t0\t0\nU.S. Treasury securities\t175589\t154599\t20990\t0\nTotal cash equivalents and marketable securities(1)\t1593556\t1096407\t497149\t0\nOther current assets:\t\t\t\t\nDerivative assets\t2660\t0\t2660\t0\nOther non-current assets:\t\t\t\t\nExecutive Deferred Savings Plan\t245673\t188203\t57470\t0\nTotal financial assets(1)\t1841889\t1284610\t557279\t0\nLiabilities\t\t\t\t\nDerivative liabilities\t(3841)\t0\t(3841)\t0\nDeferred payments\t(4400)\t0\t0\t(4400)\nContingent consideration payable\t(7214)\t0\t0\t(7214)\nTotal financial liabilities\t(15455)\t0\t(3841)\t(11614)\n", "q10k_tbl_10": "\t\tQuoted Prices in Active Markets for Identical Assets\tSignificant Other Observable Inputs\tLittle or No Market Activity Inputs\nAs of June 30 2020 (In thousands)\tTotal\t(Level 1)\t(Level 2)\t(Level 3)\nAssets\t\t\t\t\nCash equivalents:\t\t\t\t\nMoney market funds and other\t694950\t694950\t0\t0\nMarketable securities:\t\t\t\t\nCorporate debt securities\t381957\t0\t381957\t0\nMunicipal securities\t29110\t0\t29110\t0\nSovereign securities\t2017\t0\t2017\t0\nU.S. Government agency securities\t106336\t106336\t0\t0\nU.S. Treasury securities\t181193\t151210\t29983\t0\nTotal cash equivalents and marketable securities(1)\t1395563\t952496\t443067\t0\nOther current assets:\t\t\t\t\nDerivative assets\t2077\t0\t2077\t0\nOther non-current assets:\t\t\t\t\nExecutive Deferred Savings Plan\t213487\t166000\t47487\t0\nTotal financial assets(1)\t1611127\t1118496\t492631\t0\nLiabilities\t\t\t\t\nDerivative liabilities\t(1410)\t0\t(1410)\t0\nDeferred payments\t(6750)\t0\t0\t(6750)\nContingent consideration payable\t(15513)\t0\t0\t(15513)\nTotal financial liabilities\t(23673)\t0\t(1410)\t(22263)\n", "q10k_tbl_11": "\tAs of\tAs of\n(In thousands)\tDecember 31 2020\tJune 30 2020\nAccounts receivable net:\t\t\nAccounts receivable gross\t1236877\t1119235\nAllowance for credit losses\t(17688)\t(11822)\n\t1219189\t1107413\nInventories:\t\t\nRaw materials\t525002\t478594\nCustomer service parts\t355908\t338608\nWork-in-process\t374462\t334965\nFinished goods\t165246\t158818\n\t1420618\t1310985\nOther current assets:\t\t\nContract assets\t94375\t99876\nPrepaid expenses\t71330\t74955\nDeferred costs of revenue\t58793\t77219\nPrepaid income and other taxes\t37744\t56809\nOther current assets\t24375\t15816\n\t286617\t324675\nLand property and equipment net:\t\t\nLand\t67867\t67858\nBuildings and leasehold improvements\t436180\t405238\nMachinery and equipment\t722084\t677627\nOffice furniture and fixtures\t32429\t29964\nConstruction-in-process\t126656\t93736\n\t1385216\t1274423\nLess: accumulated depreciation\t(791031)\t(754599)\n\t594185\t519824\nOther non-current assets:\t\t\nExecutive Deferred Savings Plan(1)\t245673\t213487\nOperating lease right of use assets\t103430\t100790\nOther non-current assets\t54380\t48702\n\t403483\t362979\nOther current liabilities:\t\t\nCompensation and benefits\t385007\t251379\nExecutive Deferred Savings Plan\t245976\t215167\nCustomer credits and advances\t251970\t114896\nOther accrued expenses\t156916\t183435\nIncome taxes payable\t116091\t35640\nInterest payable\t36176\t36265\nOperating lease liabilities\t31220\t28994\n\t1223356\t865776\nOther non-current liabilities:\t\t\nIncome taxes payable\t362164\t383447\nPension liabilities\t83618\t78911\nOperating lease liabilities\t74443\t70885\nOther non-current liabilities\t147739\t139041\n\t667964\t672284\n", "q10k_tbl_12": "(In thousands)\tCurrency Translation Adjustments\tUnrealized Gains (Losses) on Available-for-Sale Securities\tUnrealized Gains (Losses) on Cash Flow Hedges\tUnrealized Gains (Losses) on Defined Benefit Plans\tTotal\nBalance as of December 31 2020\t(30806)\t2054\t(24204)\t(19748)\t(72704)\nBalance as of June 30 2020\t(43957)\t3683\t(23250)\t(16250)\t(79774)\n", "q10k_tbl_13": "\t\tThree Months Ended\t\tSix Months Ended\t\n\tLocation in the Condensed Consolidated\tDecember 31\t\tDecember 31\t\nAccumulated OCI Components\tStatements of Operations\t2020\t2019\t2020\t2019\nUnrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts\tRevenues\t(711)\t(8)\t(928)\t365\n\tCosts of revenues and operating expenses\t(125)\t(17)\t425\t(1818)\n\tInterest expense\t(279)\t(100)\t(558)\t(199)\n\tNet gains (losses) reclassified from accumulated OCI\t(1115)\t(125)\t(1061)\t(1652)\nUnrealized gains (losses) on available-for-sale securities\tOther expense (income) net\t(111)\t(82)\t(212)\t(86)\n", "q10k_tbl_14": "As of December 31 2020 (In thousands)\tAmortized Cost\tGross Unrealized Gains\tGross Unrealized Losses\tFair Value\nCorporate debt securities\t416926\t1445\t(23)\t418348\nMoney market funds and other\t795712\t0\t0\t795712\nMunicipal securities\t39190\t165\t(3)\t39352\nSovereign securities\t3056\t3\t0\t3059\nU.S. Government agency securities\t145774\t325\t(3)\t146096\nU.S. Treasury securities\t190282\t708\t(1)\t190989\nSubtotal\t1590940\t2646\t(30)\t1593556\nAdd: Time deposits(1)\t160301\t0\t0\t160301\nLess: Cash equivalents\t888792\t1\t0\t888793\nMarketable securities\t862449\t2645\t(30)\t865064\n", "q10k_tbl_15": "As of June 30 2020 (In thousands)\tAmortized Cost\tGross Unrealized Gains\tGross Unrealized Losses\tFair Value\nCorporate debt securities\t379334\t2673\t(50)\t381957\nMoney market funds and other\t694950\t0\t0\t694950\nMunicipal securities\t28859\t251\t0\t29110\nSovereign securities\t2009\t8\t0\t2017\nU.S. Government agency securities\t106091\t252\t(7)\t106336\nU.S. Treasury securities\t179631\t1564\t(2)\t181193\nSubtotal\t1390874\t4748\t(59)\t1395563\nAdd: Time deposits(1)\t124153\t0\t0\t124153\nLess: Cash equivalents\t773653\t0\t0\t773653\nMarketable securities\t741374\t4748\t(59)\t746063\n", "q10k_tbl_16": "As of December 31 2020 (In thousands)\tFair Value\tGross Unrealized Losses\nCorporate debt securities\t47474\t(23)\nMunicipal securities\t6478\t(3)\nU.S. Government agency securities\t6504\t(3)\nU.S. Treasury securities\t29252\t(1)\nTotal\t89708\t(30)\n", "q10k_tbl_17": "As of June 30 2020 (In thousands)\tFair Value\tGross Unrealized Losses\nCorporate debt securities\t44429\t(50)\nMunicipal securities\t870\t0\nU.S. Government agency securities\t9951\t(7)\nU.S. Treasury securities\t19010\t(2)\nTotal\t74260\t(59)\n", "q10k_tbl_18": "As of December 31 2020 (In thousands)\tAmortized Cost\tFair Value\nDue within one year\t468753\t470247\nDue after one year through three years\t393696\t394817\n\t862449\t865064\n", "q10k_tbl_19": "As of June 30 2020 (In thousands)\tAmortized Cost\tFair Value\nDue within one year\t415915\t418169\nDue after one year through three years\t325459\t327894\n\t741374\t746063\n", "q10k_tbl_20": "(In thousands)\tWafer Inspection and Patterning\tGlobal Service and Support (\"GSS\")\tSpecialty Semiconductor Process\tPCB and Display\tComponent Inspection\tTotal\nBalance as of June 30 2020\t416840\t25908\t681858\t907221\t13575\t2045402\nForeign currency adjustments\t43\t0\t0\t0\t0\t43\nBalance as of December 31 2020\t416883\t25908\t681858\t907221\t13575\t2045445\n", "q10k_tbl_21": "\t\t\tAs of\t\t\tAs of\t\n(In thousands)\t\tDecember 31 2020\t\t\tJune 30 2020\t\t\nCategory\tRange of Useful Lives (in years)\tGross Carrying Amount\tAccumulated Amortization and Impairment\tNet Amount\tGross Carrying Amount\tAccumulated Amortization and Impairment\tNet Amount\nExisting technology\t4-8\t1373458\t418402\t955056\t1269883\t342623\t927260\nCustomer relationships\t4-9\t305817\t115070\t190747\t305817\t98754\t207063\nTrade name / Trademark\t4-7\t117383\t46355\t71028\t117383\t39216\t78167\nBacklog and other\t<1-9\t50404\t49551\t853\t50404\t47215\t3189\nIntangible assets subject to amortization\t\t1847062\t629378\t1217684\t1743487\t527808\t1215679\nIn-process research and development\t\t72259\t100\t72159\t175834\t100\t175734\nTotal\t\t1919321\t629478\t1289843\t1919321\t527908\t1391413\n", "q10k_tbl_22": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nAmortization expense - Cost of revenues\t38738\t36364\t75778\t71985\nAmortization expense - Selling general and administrative\t12301\t20257\t25730\t42513\nAmortization expense - Research and development\t31\t131\t62\t162\nTotal\t51070\t56752\t101570\t114660\n", "q10k_tbl_23": "Fiscal year ending June 30:\tAmortization (In thousands)\n2021 (remaining six months)\t104418\n2022\t208186\n2023\t207094\n2024\t204577\n2025\t192368\n2026 and thereafter\t301041\nTotal\t1217684\n", "q10k_tbl_24": "\tAs of December 31 2020\t\tAs of June 30 2020\t\n\tAmount (In thousands)\tEffective Interest Rate\tAmount (In thousands)\tEffective Interest Rate\nFixed-rate 4.650% Senior Notes due on November 1 2024\t1250000\t4.682%\t1250000\t4.682%\nFixed-rate 5.650% Senior Notes due on November 1 2034\t250000\t5.670%\t250000\t5.670%\nFixed-rate 4.100% Senior Notes due on March 15 2029\t800000\t4.159%\t800000\t4.159%\nFixed-rate 5.000% Senior Notes due on March 15 2049\t400000\t5.047%\t400000\t5.047%\nFixed-rate 3.300% Senior Notes due on March 1 2050\t750000\t3.302%\t750000\t3.302%\nRevolving Credit Facility\t0\t-%\t50000\t1.310%\nFixed-rate 3.47% Note Payable due on February 20 2021\t20000\t2.050%\t0\t-%\nFixed-rate 3.59% Note Payable due on February 20 2022\t20000\t2.300%\t0\t-%\nTotal\t3490000\t\t3500000\t\nUnamortized discount/premium net\t(7421)\t\t(8167)\t\nUnamortized debt issuance costs\t(21114)\t\t(22163)\t\nTotal\t3461465\t\t3469670\t\nReported as:\t\t\t\t\nShort-term debt\t20000\t\t0\t\nLong-term debt\t3441465\t\t3469670\t\nTotal\t3461465\t\t3469670\t\n", "q10k_tbl_25": "\tSix Months Ended December 31\t\nIn thousands\t2020\t2019\nOperating cash outflows from operating leases\t19253\t17424\nROU assets obtained in exchange for new operating lease liabilities\t20584\t10278\n", "q10k_tbl_26": "Fiscal year ending June 30:\tAmount (In thousands)\n2021 (remaining six months)\t17727\n2022\t28811\n2023\t19987\n2024\t13358\n2025\t11242\n2026 and thereafter\t19823\nTotal lease payments\t110948\nLess imputed interest\t(5285)\nTotal\t105663\n", "q10k_tbl_27": "(In thousands)\tAvailable For Grant(1) (2)\nBalance as of June 30 2020\t10760\nRestricted stock units granted(3)\t(619)\nRestricted stock units granted adjustment(4)\t54\nRestricted stock units canceled\t88\nBalance as of December 31 2020\t10283\n", "q10k_tbl_28": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nStock-based compensation expense by:\t\t\t\t\nCosts of revenues\t4104\t3362\t7771\t6226\nResearch and development\t5225\t5073\t10696\t10360\nSelling general and administrative\t17498\t18354\t35352\t37147\nTotal stock-based compensation expense\t26827\t26789\t53819\t53733\n", "q10k_tbl_29": "\tAs of\tAs of\n(In thousands)\tDecember 31 2020\tJune 30 2020\nInventory\t5855\t6752\n", "q10k_tbl_30": "\tShares(1) (In thousands)\tWeighted-Average Grant Date Fair Value\nOutstanding restricted stock units as of June 30 2020(2)\t2253\t107.33\nGranted(3)\t309\t202.60\nGranted adjustments\t(27)\t88.96\nVested and released\t(341)\t98.54\nWithheld for taxes\t(172)\t98.54\nForfeited\t(51)\t117.20\nOutstanding restricted stock units as of December 31 2020(2)\t1971\t124.58\n", "q10k_tbl_31": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands except for weighted-average grant date fair value)\t2020\t2019\t2020\t2019\nWeighted-average grant date fair value per unit\t220.53\t171.98\t202.60\t142.75\nGrant date fair value of vested restricted stock units\t23267\t26643\t50569\t56736\nTax benefits realized by us in connection with vested and released restricted stock units\t6694\t9661\t13431\t13654\n", "q10k_tbl_32": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nStock purchase plan:\t\t\t\t\nExpected stock price volatility\t51.9%\t31.6%\t51.9%\t31.6%\nRisk-free interest rate\t0.7%\t2.4%\t0.7%\t2.4%\nDividend yield\t1.9%\t2.5%\t1.9%\t2.5%\nExpected life (in years)\t0.5\t0.5\t0.5\t0.5\n", "q10k_tbl_33": "\tThree Months Ended\t\t\t\tSix Months Ended\t\t\n(In thousands except for weighted-average fair value per share)\tDecember 31\t\t\t\tDecember 31\t\t\n2020\t\t2019\t\t2020\t\t2019\nTotal cash received from employees for the issuance of shares under the ESPP\t26356\t\t24492\t\t26356\t\t24492\nNumber of shares purchased by employees through the ESPP\t161\t\t237\t\t161\t\t237\nTax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP\t(3005)\t\t119\t\t1164\t\t1853\nWeighted-average fair value per share based on Black-Scholes model\t52.23\t\t27.35\t\t52.23\t\t27.35\n", "q10k_tbl_34": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nNumber of shares of common stock repurchased\t774\t1690\t1801\t3349\nTotal cost of repurchases\t177492\t280593\t371389\t509089\n", "q10k_tbl_35": "\tThree Months Ended\t\t\t\tSix Months Ended\t\t\n(In thousands except per share amounts)\tDecember 31\t\t\t\tDecember 31\t\t\n2020\t\t2019\t\t2020\t\t2019\nNumerator:\t\t\t\t\t\t\t\nNet income attributable to KLA\t457251\t\t380555\t\t877818\t\t727080\nDenominator:\t\t\t\t\t\t\t\nWeighted-average shares - basic excluding unvested restricted stock units\t154273\t\t157290\t\t154777\t\t157994\nEffect of dilutive restricted stock units and options\t1287\t\t1330\t\t1280\t\t1320\nWeighted-average shares - diluted\t155560\t\t158620\t\t156057\t\t159314\nBasic net income per share attributable to KLA\t2.96\t\t2.42\t\t5.67\t\t4.60\nDiluted net income per share attributable to KLA\t2.94\t\t2.40\t\t5.62\t\t4.56\nAnti-dilutive securities excluded from the computation of diluted net income per share\t0\t\t43\t\t0\t\t25\n", "q10k_tbl_36": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(Dollar amounts in thousands)\t2020\t2019\t2020\t2019\nIncome before income taxes\t527402\t424927\t1011208\t796443\nProvision for income taxes\t70419\t44622\t134083\t69742\nEffective tax rate\t13.4%\t10.5%\t13.3%\t8.8%\n", "q10k_tbl_37": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nReceivables sold under factoring agreements\t49917\t116935\t138562\t173355\nProceeds from sales of LCs\t21709\t10677\t40839\t20606\n", "q10k_tbl_38": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nDerivatives Designated as Hedging Instruments:\t\t\t\t\nForeign exchange contracts:\t\t\t\t\nAmounts included in the assessment of effectiveness\t(1310)\t2305\t(2182)\t1565\nAmounts excluded from the assessment of effectiveness\t(47)\t(15)\t(93)\t(17)\n", "q10k_tbl_39": "\tThree Months Ended December 31\t\t\t\tThree Months Ended December 31\t\t\t\n\t2020\t\t\t\t2019\t\t\t\n(In thousands)\tRevenue\tCost of Revenues and Operating Expenses\tInterest Expense\tOther Expense (Income) Net\tRevenue\tCost of Revenues and Operating Expenses\tInterest Expense\tOther Expense (Income) Net\nTotal amounts presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded\t1650870\t1080706\t38880\t3882\t1509453\t1046622\t40472\t(2568)\nGains (losses) on Derivatives Designated as Hedging Instruments:\t\t\t\t\t\t\t\t\nRate lock agreements:\t\t\t\t\t\t\t\t\nAmount of gains (losses) reclassified from accumulated OCI to earnings\t0\t0\t(279)\t0\t0\t0\t(100)\t0\nForeign exchange contracts:\t\t\t\t\t\t\t\t\nAmount of gains (losses) reclassified from accumulated OCI to earnings\t(560)\t(125)\t0\t0\t85\t(17)\t0\t0\nAmount excluded from the assessment of effectiveness recognized in earnings based on an amortization approach\t(151)\t0\t0\t0\t(93)\t0\t0\t0\nGains (losses) on Derivatives Not Designated as Hedging Instruments:\t\t\t\t\t\t\t\t\nAmount of gains (losses) recognized in earnings\t0\t0\t0\t2661\t0\t0\t0\t2056\n", "q10k_tbl_40": "\tSix Months Ended December 31\t\t\t\tSix Months Ended December 31\t\t\t\n\t2020\t\t\t\t2019\t\t\t\n(In thousands)\tRevenue\tCost of Revenues and Operating Expenses\tInterest Expense\tOther Expense (Income) Net\tRevenue\tCost of Revenues and Operating Expenses\tInterest Expense\tOther Expense (Income) Net\nTotal amounts presented in the Condensed Consolidated Statement of Operations in which the effects of cash flow hedges are recorded\t3189490\t2092937\t78266\t7079\t2922867\t2049788\t80822\t(4186)\nGains (losses) on Derivatives Designated as Hedging Instruments:\t\t\t\t\t\t\t\t\nRate lock agreements:\t\t\t\t\t\t\t\t\nAmount of gains (losses) reclassified from accumulated OCI to earnings\t0\t0\t(558)\t0\t0\t0\t(199)\t0\nForeign exchange contracts:\t\t\t\t\t\t\t\t\nAmount of gains (losses) reclassified from accumulated OCI to earnings\t(650)\t425\t0\t0\t560\t(1818)\t0\t0\nAmount excluded from the assessment of effectiveness recognized in earnings based on an amortization approach\t(278)\t0\t0\t0\t(195)\t0\t0\t0\nGains (losses) on Derivatives Not Designated as Hedging Instruments:\t\t\t\t\t\t\t\t\nAmount of gains (losses) recognized in earnings\t0\t0\t0\t(2937)\t0\t0\t0\t4381\n", "q10k_tbl_41": "\tAs of\tAs of\n(In thousands)\tDecember 31 2020\tJune 30 2020\nCash flow hedge contracts - foreign currency\t\t\nPurchase\t8344\t10705\nSell\t95706\t71431\nOther foreign currency hedge contracts\t\t\nPurchase\t311397\t329310\nSell\t321076\t357939\n", "q10k_tbl_42": "\tAsset Derivatives\t\t\t\tLiability Derivatives\t\t\n\tBalance Sheet\t\tAs of\tAs of\tBalance Sheet\tAs of\tAs of\n\tLocation\t\tDecember 31 2020\tJune 30 2020\tLocation\tDecember 31 2020\tJune 30 2020\n(In thousands)\t\tFair Value\t\t\tFair Value\t\nDerivatives designated as hedging instruments\t\t\t\t\t\t\t\nForeign exchange contracts\tOther current assets\t\t311\t680\tOther current liabilities\t981\t45\nTotal derivatives designated as hedging instruments\t\t\t311\t680\t\t981\t45\nDerivatives not designated as hedging instruments\t\t\t\t\t\t\t\nForeign exchange contracts\tOther current assets\t\t2349\t1397\tOther current liabilities\t2860\t1365\nTotal derivatives not designated as hedging instruments\t\t\t2349\t1397\t\t2860\t1365\nTotal derivatives\t\t\t2660\t2077\t\t3841\t1410\n", "q10k_tbl_43": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nBeginning balance\t(30574)\t(10006)\t(29602)\t(10791)\nAmount reclassified to earnings\t1115\t125\t1061\t1652\nNet change in unrealized gains or losses\t(1357)\t2290\t(2275)\t1548\nEnding balance\t(30816)\t(7591)\t(30816)\t(7591)\n", "q10k_tbl_44": "As of December 31 2020\t\t\t\tGross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets\t\t\nDescription\tGross Amounts of Derivatives\tGross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets\tNet Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets\tFinancial Instruments\tCash Collateral Received\tNet Amount\nDerivatives - Assets\t2660\t0\t2660\t(1527)\t0\t1133\nDerivatives - Liabilities\t(3841)\t0\t(3841)\t1527\t0\t(2314)\n", "q10k_tbl_45": "As of June 30 2020\t\t\t\tGross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets\t\t\nDescription\tGross Amounts of Derivatives\tGross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets\tNet Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets\tFinancial Instruments\tCash Collateral Received\tNet Amount\nDerivatives - Assets\t2077\t0\t2077\t(1020)\t0\t1057\nDerivatives - Liabilities\t(1410)\t0\t(1410)\t1020\t0\t(390)\n", "q10k_tbl_46": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nTotal revenues\t324\t2794\t638\t3835\nTotal purchases\t279\t249\t571\t714\n", "q10k_tbl_47": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nSemiconductor Process Control:\t\t\t\t\nRevenues\t1380184\t1247430\t2648138\t2411062\nSegment gross margin\t884090\t795730\t1698900\t1538072\nSpecialty Semiconductor Process:\t\t\t\t\nRevenues\t90587\t75106\t179540\t144245\nSegment gross margin\t51171\t41333\t101099\t79497\nPCB Display and Component Inspection:\t\t\t\t\nRevenues\t179267\t186279\t360444\t364831\nSegment gross margin\t84584\t82538\t174753\t158606\nOther:\t\t\t\t\nRevenues\t449\t517\t590\t2748\nSegment gross margin\t(121)\t117\t(108)\t770\nTotals:\t\t\t\t\nRevenues for reportable segments\t1650487\t1509332\t3188712\t2922886\nSegment gross margin\t1019724\t919718\t1974644\t1776945\n", "q10k_tbl_48": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nTotal revenues for reportable segments\t1650487\t1509332\t3188712\t2922886\nCorporate allocations and effects of foreign exchange rates\t383\t121\t778\t(19)\nTotal revenues\t1650870\t1509453\t3189490\t2922867\n", "q10k_tbl_49": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(In thousands)\t2020\t2019\t2020\t2019\nTotal segment gross margin\t1019724\t919718\t1974644\t1776945\nAcquisition-related charges corporate allocations and effects of foreign exchange rates(1)\t38587\t43883\t75449\t91937\nResearch and development\t229064\t220751\t448102\t431331\nSelling general and administrative\t181909\t192253\t354540\t380598\nInterest expense\t38880\t40472\t78266\t80822\nOther expense (income) net\t3882\t(2568)\t7079\t(4186)\nIncome before income taxes\t527402\t424927\t1011208\t796443\n", "q10k_tbl_50": "(Dollar amounts in thousands)\tThree Months Ended December 31\t\t\t\t\t\tSix Months Ended December 31\t\t\t\t\n2020\t\t\t2019\t\t\t2020\t\t\t2019\t\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\nChina\t382157\t23%\t\t381752\t25%\t\t868246\t27%\t\t727608\t25%\nTaiwan\t380785\t23%\t\t447083\t30%\t\t749886\t24%\t\t833812\t28%\nKorea\t347947\t21%\t\t181948\t12%\t\t537465\t17%\t\t379398\t13%\nNorth America\t214808\t13%\t\t158517\t11%\t\t384984\t12%\t\t340500\t12%\nJapan\t156721\t10%\t\t194804\t13%\t\t321140\t10%\t\t401015\t14%\nEurope and Israel\t100201\t6%\t\t97466\t6%\t\t183318\t6%\t\t156849\t5%\nRest of Asia\t68251\t4%\t\t47883\t3%\t\t144451\t4%\t\t83685\t3%\nTotal\t1650870\t100%\t\t1509453\t100%\t\t3189490\t100%\t\t2922867\t100%\n", "q10k_tbl_51": "(Dollar amounts in thousands)\tThree Months Ended December 31\t\t\t\t\t\tSix Months Ended December 31\t\t\t\t\n2020\t\t\t2019\t\t\t2020\t\t\t2019\t\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\nWafer Inspection\t687030\t42%\t\t606131\t40%\t\t1206581\t38%\t\t1054405\t36%\nPatterning\t307512\t19%\t\t289078\t19%\t\t678444\t21%\t\t671736\t23%\nSpecialty Semiconductor Process\t71978\t4%\t\t60941\t4%\t\t146005\t5%\t\t117811\t4%\nPCB Display and Component Inspection\t115825\t7%\t\t129235\t9%\t\t236451\t7%\t\t249595\t9%\nServices\t412847\t25%\t\t364903\t24%\t\t805972\t25%\t\t720342\t24%\nOther\t55678\t3%\t\t59165\t4%\t\t116037\t4%\t\t108978\t4%\nTotal\t1650870\t100%\t\t1509453\t100%\t\t3189490\t100%\t\t2922867\t100%\n", "q10k_tbl_52": "\tAs of\tAs of\n(In thousands)\tDecember 31 2020\tJune 30 2020\nLand property and equipment net:\t\t\nUnited States\t391080\t329558\nIsrael\t57562\t59162\nSingapore\t68027\t54946\nEurope\t55979\t58065\nRest of Asia\t21537\t18093\nTotal\t594185\t519824\n", "q10k_tbl_53": "(In thousands except net income per share)\tThree Months Ended\t\t\t\t\t\t\t\t\nDecember 31 2020\t\tSeptember 30 2020\t\tJune 30 2020\t\tMarch 31 2020\t\tDecember 31 2019\nTotal revenues\t1650870\t\t1538620\t\t1459593\t\t1423964\t\t1509453\nGross margin\t981137\t\t918058\t\t838049\t\t833806\t\t875835\nNet income attributable to KLA(2)\t457251\t\t420567\t\t411253\t\t78452\t\t380555\nDiluted net income per share attributable to KLA(3)\t2.94\t\t2.69\t\t2.63\t\t0.50\t\t2.40\n", "q10k_tbl_54": "\tThree Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 vs. Q2 FY20\t\nRevenues:\t\t\t\t\nProduct\t1238023\t1144550\t93473\t8%\nService\t412847\t364903\t47944\t13%\nTotal revenues\t1650870\t1509453\t141417\t9%\nCosts of revenues\t669733\t633618\t36115\t6%\nGross margin percentage\t59.4%\t58.0%\t\t\n", "q10k_tbl_55": "\tSix Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nRevenues:\t\t\t\t\nProduct\t2383518\t2202525\t180993\t8%\nService\t805972\t720342\t85630\t12%\nTotal revenues\t3189490\t2922867\t266623\t9%\nCosts of revenues\t1290295\t1237859\t52436\t4%\nGross margin percentage\t59.5%\t57.6%\t\t\n", "q10k_tbl_56": "\tThree Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 vs. Q2 FY20\t\nRevenues:\t\t\t\t\nSemiconductor Process Control\t1380184\t1247430\t132754\t11%\nSpecialty Semiconductor Process\t90587\t75106\t15481\t21%\nPCB Display and Component Inspection\t179267\t186279\t(7012)\t(4)%\nOther\t449\t517\t(68)\t(13)%\nTotal revenues for reportable segments\t1650487\t1509332\t141155\t9%\n", "q10k_tbl_57": "\tSix Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nRevenues:\t\t\t\t\nSemiconductor Process Control\t2648138\t2411062\t237076\t10%\nSpecialty Semiconductor Process\t179540\t144245\t35295\t24%\nPCB Display and Component Inspection\t360444\t364831\t(4387)\t(1)%\nOther\t590\t2748\t(2158)\t(79)%\nTotal revenues\t3188712\t2922886\t265826\t9%\n", "q10k_tbl_58": "\tThree Months Ended\t\t\t\tSix Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\t\tDecember 31 2019\t\tDecember 31 2020\t\tDecember 31 2019\t\nChina\t382157\t23%\t381752\t25%\t868246\t27%\t727608\t25%\nTaiwan\t380785\t23%\t447083\t30%\t749886\t24%\t833812\t28%\nKorea\t347947\t21%\t181948\t12%\t537465\t17%\t379398\t13%\nNorth America\t214808\t13%\t158517\t11%\t384984\t12%\t340500\t12%\nJapan\t156721\t10%\t194804\t13%\t321140\t10%\t401015\t14%\nEurope and Israel\t100201\t6%\t97466\t6%\t183318\t6%\t156849\t5%\nRest of Asia\t68251\t4%\t47883\t3%\t144451\t4%\t83685\t3%\nTotal\t1650870\t100%\t1509453\t100%\t3189490\t100%\t2922867\t100%\n", "q10k_tbl_59": "\tGross Margin Percentage\t\n\tThree Months Ended\tSix Months Ended\nDecember 31 2019\t58.0%\t57.6%\nMix of products and services sold\t1.2%\t2.0%\nRevenue volume of products and services\t0.5%\t0.5%\nManufacturing labor overhead and efficiencies\t(0.1)%\t0.1%\nOther service and manufacturing costs\t(0.2)%\t(0.7)%\nDecember 31 2020\t59.4%\t59.5%\n", "q10k_tbl_60": "\tThree months ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 vs. Q2 FY20\t\nSegment gross margin:\t\t\t\t\t\t\t\t\t\t\nSemiconductor Process Control\t884090\t795730\t\t88360\t\t\t\t11%\t\t\nSpecialty Semiconductor Process\t51171\t41333\t\t9838\t\t\t\t24%\t\t\nPCB Display and Component Inspection\t84584\t82538\t\t2046\t\t\t\t2%\t\t\nOther\t(121)\t117\t\t(238)\t\t\t\t(203)%\t\t\n\t1019724\t919718\t\t100006\t\t\t\t11%\t\t\n", "q10k_tbl_61": "\tSix Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nSegment gross margin:\t\t\t\t\t\t\t\t\t\t\nSemiconductor Process Control\t1698900\t1538072\t\t160828\t\t\t\t10%\t\t\nSpecialty Semiconductor Process\t101099\t79497\t\t21602\t\t\t\t27%\t\t\nPCB Display and Component Inspection\t174753\t158606\t\t16147\t\t\t\t10%\t\t\nOther\t(108)\t770\t\t(878)\t\t\t\t(114)%\t\t\n\t1974644\t1776945\t\t197699\t\t\t\t11%\t\t\n", "q10k_tbl_62": "(Dollar amounts in thousands)\tThree Months Ended\t\t\t\t\t\nDecember 31 2020\t\tDecember 31 2019\t\tQ2 FY21 vs. Q2 FY20\t\nR&D expenses\t229064\t\t220751\t\t8313\t4%\nR&D expenses as a percentage of total revenues\t14%\t\t15%\t\t\t\n", "q10k_tbl_63": "(Dollar amounts in thousands)\tSix Months Ended\t\t\t\t\t\nDecember 31 2020\t\tDecember 31 2019\t\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nR&D expenses\t448102\t\t431331\t\t16771\t4%\nR&D expenses as a percentage of total revenues\t14%\t\t15%\t\t\t\n", "q10k_tbl_64": "\tThree Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 vs. Q2 FY20\t\nSG&A expenses\t181909\t192253\t(10344)\t(5)%\nSG&A expenses as a percentage of total revenues\t11%\t13%\t\t\n", "q10k_tbl_65": "\tSix Months Ended\t\t\t\n(Dollar amounts in thousands)\tDecember 31 2020\tDecember 31 2019\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nSG&A expenses\t354540\t380598\t(26058)\t(7)%\nSG&A expenses as a percentage of total revenues\t11%\t13%\t\t\n", "q10k_tbl_66": "(Dollar amounts in thousands)\tThree Months Ended\t\t\t\t\t\nDecember 31 2020\t\tDecember 31 2019\t\tQ2 FY21 vs. Q2 FY20\t\t\t\t\t\nInterest expense\t38880\t\t40472\t\t(1592)\t(4)%\t\t\t\t\t\t\nOther expense (income) net\t3882\t\t(2568)\t\t6450\t(251)%\t\t\t\t\t\t\nInterest expense as a percentage of total revenues\t2%\t\t3%\t\t\t\t\t\t\t\t\t\nOther expense (income) net as a percentage of total revenues\t< 1%\t\t< 1%\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_67": "(Dollar amounts in thousands)\tSix Months Ended\t\t\t\t\t\nDecember 31 2020\t\tDecember 31 2019\t\tQ2 FY21 YTD vs. Q2 FY20 YTD\t\nInterest expense\t78266\t\t80822\t\t(2556)\t(3)%\nOther expense (income) net\t7079\t\t(4186)\t\t11265\t(269)%\nInterest expense as a percentage of total revenues\t2%\t\t3%\t\t\t\nOther expense (income) net as a percentage of total revenues\t< 1%\t\t< 1%\t\t\t\n", "q10k_tbl_68": "\tThree Months Ended\t\tSix Months Ended\t\n\tDecember 31\t\tDecember 31\t\n(Dollar amounts in thousands)\t2020\t2019\t2020\t2019\nIncome before income taxes\t527402\t424927\t1011208\t796443\nProvision for income taxes\t70419\t44622\t134083\t69742\nEffective tax rate\t13.4%\t10.5%\t13.3%\t8.8%\n", "q10k_tbl_69": "\tAs of\tAs of\n(Dollar amounts in thousands)\tDecember 31 2020\tJune 30 2020\nCash and cash equivalents\t1431466\t1234409\nMarketable securities\t865064\t746063\nTotal cash cash equivalents and marketable securities\t2296530\t1980472\nPercentage of total assets\t23%\t21%\n\tSix Months Ended December 31\t\n(In thousands)\t2020\t2019\nCash flows:\t\t\nNet cash provided by operating activities\t1073252\t883976\nNet cash used in investing activities\t(230212)\t(154841)\nNet cash used in financing activities\t(665583)\t(805643)\nEffect of exchange rate changes on cash and cash equivalents\t19600\t378\nNet (decrease) increase in cash and cash equivalents\t197057\t(76130)\n", "q10k_tbl_70": "Period\tTotal Number of Shares Purchased\tAverage Price Paid per Share\tTotal Number of Shares Purchased As Part of Publicly Announced Plans or Programs(1)\tApproximate Dollar Value that May Yet Be Purchased Under the Plans or Programs(1)\nOctober 1 2020 to October 31 2020\t322857\t204.42\t322857\t777714773\nNovember 1 2020 to November 30 2020\t217547\t234.42\t217547\t726716886\nDecember 1 2020 to December 31 2020\t233440\t259.15\t233440\t666220111\nTotal\t773844\t229.36\t773844\t\n", "q10k_tbl_71": "\t\tIncorporated by Reference\t\t\t\nExhibit Number\tExhibit Description\tForm\tFile Number\tExhibit Number\tFiling Date\n31.1\tCertification of Chief Executive Officer under Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934\t\t\t\t\n31.2\tCertification of Chief Financial Officer under Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934\t\t\t\t\n32\tCertification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350\t\t\t\t\n101.INS\tXBRL Instance Document - the instance document does not appear in the Interactive Data file because its XBRL tags are embedded within the Inline XBRL document\t\t\t\t\n101.SCH\tXBRL Taxonomy Extension Schema Document\t\t\t\t\n101.CAL\tXBRL Taxonomy Extension Calculation Linkbase Document\t\t\t\t\n101.DEF\tXBRL Taxonomy Extension Definition Linkbase Document\t\t\t\t\n101.LAB\tXBRL Taxonomy Extension Label Linkbase Document\t\t\t\t\n101.PRE\tXBRL Taxonomy Extension Presentation Linkbase Document\t\t\t\t\n104\tCover Page Interactive Data File (embedded within the Inline XBRL document)\t\t\t\t\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_3", "cf": "q10k_tbl_7"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2020
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number 000-09992
KLA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
04-2564110
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
One Technology Drive,
Milpitas,
California
95035
(Address of Principal Executive Offices)
(Zip Code)
(408) 875-3000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par value per share
KLAC
The Nasdaq Stock Market, LLC
The Nasdaq Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of January 15, 2021, there were 154,074,651 shares of the registrant’s Common Stock, $0.001 par value, outstanding.