KLA CORPORATION KLAC Cash Flow

Kla corporation (KLAC)

CashFlow / Yearly

Jun'19	Jun'18	Jun'17	Jun'16	Jun'15	Jun'14	Jun'13	Jun'12	Jun'11	Jun'10	Jun'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,175,017	802,265	926,076	704,422	366,158	582,755	543,149	756,015	794,488	212,300	-523,368
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
233,224	62,684	57,836	66,932	80,536	83,072	87,534	92,133	86,044	87,348	135,848
Loss on unrealized foreign exchange and other
-4,051	-9,886	4,173	-	-	-	-	-	-	-	-
Asset impairment charges
-	-	-	1,396	2,126	1,374	1,327	2,878	10,568	15,149	452,620
Loss on extinguishment of debt and other, net
-	-	-	-	-131,669	0	0	-	-	-	-
Net gain on sale of assets
-	-	-	-	-	-	1,160	0	1,372	2,984	4,071
Stock-based compensation expense
94,194	62,784	50,943	45,050	55,302	60,940	70,084	78,835	81,430	85,982	105,535
Deferred income taxes
-27,511	98,760	4,007	19,804	-24,245	17,176	4,532	193,412	64,736	-19,865	59,697
Tax charge from equity awards
-	-	-	-	-	-	-	-	-	-5,133	-17,880
Excess tax benefit from equity awards
-	-	-	11,936	15,403	20,554	14,198	0	71	0	1,691
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-2,888	23,279
Net (gain) loss on sales of marketable securities and other investments
-	-	-	5,887	2,119	5,920	2,287	637	2,479	5,077	-635
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:
Increase (Decrease) in Accounts Receivable
146,151	76,033	-39,750	8,292	118,520	-32,591	-159,245	113,922	128,219	220,857	-277,331
Inventories
59,561	179,605	46,549	67,579	-27,500	26,173	-14,787	93,145	170,141	27,715	-120,249
Other assets
47,123	41,748	25,961	-14,613	-11,135	26,265	-6,035	-58,041	56,743	-102,033	-17,729
Accounts payable
-21,627	21,778	39,968	3,109	848	-12,333	-22,812	-3,732	34,259	44,381	-46,796
Deferred system revenue
-15,674	0	0	-	-	-	-	-	-	-	-
Deferred service revenue
15,064	0	0	-	-	-	-	-	-	-	-
Deferred system profit
0	99,457	6,310	25,860	768	-10,042	10,748	-45,121	-12,425	108,943	-54,978
Other liabilities
-51,271	368,892	31,458	-27,796	90,151	102,265	56,204	16,860	123,091	76,183	-348,455
Net cash provided by operating activities
1,152,632	1,229,120	1,079,665	759,696	605,906	778,886	913,188	941,617	823,166	447,800	195,684
Cash flows from investing activities:
Acquisition of non-marketable securities
630	3,377	3,430	0	0	1,345	0	0	-	-	-
Business acquisitions, net of cash acquired
1,818,283	17,403	28,560	0	0	18,000	0	0	-	1,500	141,399
Capital expenditures
130,498	66,947	38,594	31,741	45,791	67,502	74,573	57,596	51,151	30,202	22,226
Proceeds from sale of assets
0	0	2,947	7,076	0	3,836	1,838	2,228	18,185	5,878	21,814
Purchases of available-for-sale securities
81,533	466,330	1,626,983	1,175,720	1,731,551	1,834,223	1,588,093	1,522,424	1,142,491	1,080,412	1,008,905
Proceeds from sale of available-for-sale securities
256,395	233,259	434,873	737,817	1,993,396	987,512	1,117,511	871,811	656,986	-	-
Proceeds from maturity of available-for-sale securities
589,324	608,446	699,293	602,446	699,108	251,876	300,209	174,854	138,776	-	-
Proceeds from sale and maturity of available-for-sale securities
-	-	-	-	-	-	-	-	-	854,970	653,291
Purchases of trading securities
81,022	77,922	97,525	68,378	60,808	64,053	40,850	55,906	63,005	77,295	67,240
Proceeds from sale of trading securities
85,265	81,892	97,093	73,187	63,867	65,790	42,511	58,142	83,190	100,597	79,765
Net cash used in investing activities
-1,180,982	291,618	-560,886	144,687	918,221	-676,109	-241,447	-528,891	-359,510	-227,964	-484,900
Cash flows from financing activities:
Proceeds from issuance of debt, net of issuance costs
1,183,785	0	0	0	3,224,906	0	0	-	-	-	-
Proceeds from Long-term Lines of Credit
900,000	248,693	0	-	-	-	-	-	-	-	-
Repayments of Long-term Debt
902,474	946,250	130,000	135,000	916,117	0	0	-	-	-	-
Common stock repurchases
1,095,202	203,169	25,002	181,711	602,888	240,843	273,254	263,864	234,844	136,275	226,515
Payments of Dividends
472,263	402,065	343,993	346,283	3,041,055	298,871	265,893	233,561	167,398	102,409	102,149
Issuance of common stock
64,828	61,444	45,359	38,298	47,008	112,221	126,121	163,569	124,573	35,867	40,108
Tax withholding payments related to vested and released restricted stock units
37,517	28,756	19,169	23,942	30,229	51,948	29,682	30,247	22,557	13,514	-12,252
Payment of contingent consideration payable
1,162	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from equity awards
-	-	-	11,936	15,403	20,554	14,198	0	71	0	1,691
Net cash (provided by) used in financing activities
-360,005	-1,270,103	-472,805	-636,702	-1,302,972	-458,887	-428,510	-364,103	-300,155	-216,331	-299,117
Effect of exchange rate changes on cash and cash equivalents
-33	696	-1,411	2,782	-13,991	1,581	-9,135	-8,658	17,910	1,446	-14,806
Net (decrease) increase in cash and cash equivalents
-388,388	251,331	44,563	270,463	207,164	-354,529	234,096	39,965	181,411	4,951	-603,139
Supplemental cash flow disclosures:
Income taxes paid
180,470	253,128	234,053	105,187	69,681	117,348	120,342	20,018	262,086	-13,989	-23,144
Interest paid
107,073	114,238	119,998	120,433	92,982	52,474	53,693	54,523	52,819	52,438	56,021
Non-cash activities:
Business acquisition holdback amounts - investing activities
440	0	5,318	0	0	-	-	-	-	-	-
Issuance of common stock for the acquisition of Orbotech - financing activities
1,330,786	0	0	-	-	-	-	-	-	-	-
Contingent consideration payable - financing activities
6,905	0	0	-	-	-	-	-	-	-	-
Unsettled common stock repurchase - financing activities
8,000	0	0	-	5,968	0	-	-	-	-	-
Accrued purchases of land, property and equipment - investing activities
6,353	7,418	3,299	2,035	1,843	3,457	6,839	0	0	-	-