Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.19.2
Revenue (Tables)
 12 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Impact of ASC 606 to the Condensed Consolidated Financial Statements
The following table, including the results from the acquisition of Orbotech, summarizes the effects of adopting ASC 606 on our Consolidated Balance Sheets as follows:
As of June 30, 2019 (In thousands)
As Reported Under
ASC 606
 
Prior to
Adoption of
ASC 606
 
Effect of Changes
ASSETS
 
 
 
 
 
Accounts receivable, net
$
990,113

 
$
1,097,098

 
$
(106,985
)
Other current assets
323,077

 
158,342

 
164,735

Deferred income taxes
206,141

 
195,537

 
10,604

LIABILITIES
 
 
 
 
 
Deferred system revenue
$
282,348

 
$
—

 
$
282,348

Deferred service revenue
206,669

 
114,874

 
91,795

Deferred system profit
—

 
382,085

 
(382,085
)
Other current liabilities
827,054

 
853,253

 
(26,199
)
Deferred service revenue, non-current
98,772

 
88,289

 
10,483

STOCKHOLDERS’ EQUITY
 
 
 
 
 
Retained earnings
$
714,825

 
$
622,989

 
$
91,836

Accumulated other comprehensive income (loss)
(73,029
)
 
(73,205
)
 
176

The following table, including the results from the acquisition of Orbotech, summarizes the effects of adopting ASC 606 on our Consolidated Statements of Operations as follows:
Year ended June 30, 2019 (In thousands, except per share amounts)
As Reported Under
ASC 606
 
Prior to
Adoption of
ASC 606
 
Effect of Changes
Revenues:
 
 
 
 
 
Product
$
3,392,243

 
$
3,356,837

 
$
35,406

Service
1,176,661

 
1,029,796

 
146,865

Costs and expenses:
 
 
 
 
 
Costs of revenues
1,869,377

 
1,819,060

 
50,317

Other expense (income), net
(31,462
)
 
(30,989
)
 
(473
)
Provision for income taxes
121,214

 
101,838

 
19,376

Net income attributable to KLA
1,175,617

 
1,062,566

 
113,051

Net income per share attributable to KLA
 
 
 
 
 
Basic
$
7.53

 
$
6.81

 
$
0.72

Diluted
$
7.49

 
$
6.77

 
$
0.72

Schedule of Contract Balances
Contract Balances
 
As of
 
As of
 
 
 
 
(In thousands, except for percentage)
June 30, 2019
 
July 1, 2018
 
$ Change
 
% Change
Accounts receivable, net
$
990,113

 
$
635,878

 
$
354,235

 
56
%
Contract assets
$
94,015

 
$
14,727

 
$
79,288

 
538
%
Contract liabilities
$
587,789

 
$
556,691

 
$
31,098

 
6
%