Segment Reporting and Geographic Information (Tables)
|
12 Months Ended |
Jun. 30, 2019 |
|---|
| Segment Reporting [Abstract] |
|
| Summary Of Results for Reportable Segments |
The following is a summary of results for each of our four reportable segments for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2019 |
|
2018 |
|
2017 |
Semiconductor Process Control: |
|
|
|
|
|
Revenue |
$ |
4,080,822 |
|
|
$ |
3,944,015 |
|
|
$ |
3,408,876 |
|
Segment gross margin |
$ |
2,590,434 |
|
|
$ |
2,554,223 |
|
|
$ |
2,160,747 |
|
Specialty Semiconductor Process: |
|
|
|
|
|
Revenue |
$ |
151,164 |
|
|
$ |
— |
|
|
$ |
— |
|
Segment gross margin |
$ |
78,800 |
|
|
$ |
— |
|
|
$ |
— |
|
PCB, Display and Component Inspection: |
|
|
|
|
|
Revenue |
$ |
332,810 |
|
|
$ |
92,516 |
|
|
$ |
71,557 |
|
Segment gross margin |
$ |
155,765 |
|
|
$ |
38,428 |
|
|
$ |
30,914 |
|
Other: |
|
|
|
|
|
Revenue |
$ |
4,676 |
|
|
$ |
— |
|
|
$ |
— |
|
Segment gross margin |
$ |
1,102 |
|
|
$ |
— |
|
|
$ |
— |
|
Totals: |
|
|
|
|
|
Revenue |
$ |
4,569,472 |
|
|
$ |
4,036,531 |
|
|
$ |
3,480,433 |
|
Segment gross margin |
$ |
2,826,101 |
|
|
$ |
2,592,651 |
|
|
$ |
2,191,661 |
|
|
| Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2019 |
|
2018 |
|
2017 |
Total revenue for reportable segments |
$ |
4,569,472 |
|
|
$ |
4,036,531 |
|
|
$ |
3,480,433 |
|
Corporate allocation and effects of foreign exchange rates |
(568 |
) |
|
170 |
|
|
(419 |
) |
Total revenue |
$ |
4,568,904 |
|
|
$ |
4,036,701 |
|
|
$ |
3,480,014 |
|
|
| Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes |
The following table reconciles total segment gross margin to total income before income taxes for the indicated periods:
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|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2019 |
|
2018 |
|
2017 |
Total segment gross margin |
$ |
2,826,101 |
|
|
$ |
2,592,651 |
|
|
$ |
2,191,661 |
|
Merger and acquisition-related charges, corporate allocation, and effects of foreign exchange rates(1)
|
126,574 |
|
|
1,991 |
|
|
(2,138 |
) |
Research and development |
711,030 |
|
|
608,531 |
|
|
526,688 |
|
Selling, general and administrative |
599,124 |
|
|
442,304 |
|
|
388,211 |
|
Interest expense |
124,604 |
|
|
114,376 |
|
|
122,476 |
|
Other expense (income), net |
(31,462 |
) |
|
(30,482 |
) |
|
(16,822 |
) |
Income before income taxes |
$ |
1,296,231 |
|
|
$ |
1,455,931 |
|
|
$ |
1,173,246 |
|
__________________
|
|
(1) |
Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments, and other acquisition-related costs classified or presented as part of costs of revenues. Merger-related charges are associated with the merger agreement terminated during the fiscal year ended June 30, 2017 between KLA and Lam Research Corporation (“Lam”) primarily includes employee retention-related expenses associated with costs of revenues. |
|
| Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollar amounts in thousands) |
Year ended June 30, |
2019 |
|
2018 |
|
2017 |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
China |
$ |
1,215,807 |
|
|
27 |
% |
|
$ |
643,033 |
|
|
16 |
% |
|
$ |
412,098 |
|
|
12 |
% |
Taiwan |
1,105,726 |
|
|
24 |
% |
|
636,363 |
|
|
16 |
% |
|
1,104,307 |
|
|
32 |
% |
North America |
596,452 |
|
|
13 |
% |
|
494,330 |
|
|
12 |
% |
|
523,024 |
|
|
14 |
% |
Korea |
584,091 |
|
|
13 |
% |
|
1,178,601 |
|
|
29 |
% |
|
688,094 |
|
|
20 |
% |
Japan |
581,529 |
|
|
13 |
% |
|
638,358 |
|
|
16 |
% |
|
351,202 |
|
|
10 |
% |
Europe and Israel |
305,924 |
|
|
7 |
% |
|
300,883 |
|
|
7 |
% |
|
263,789 |
|
|
8 |
% |
Rest of Asia |
179,375 |
|
|
3 |
% |
|
145,133 |
|
|
4 |
% |
|
137,500 |
|
|
4 |
% |
Total |
$ |
4,568,904 |
|
|
100 |
% |
|
$ |
4,036,701 |
|
|
100 |
% |
|
$ |
3,480,014 |
|
|
100 |
% |
|
| Revenues by Major Products |
The following is a summary of revenues by major products for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollar amounts in thousands) |
Year ended June 30, |
2019 |
|
2018 |
|
2017 |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
Wafer Inspection |
$ |
1,657,753 |
|
|
36 |
% |
|
$ |
1,731,809 |
|
|
43 |
% |
|
$ |
1,600,889 |
|
|
46 |
% |
Patterning |
1,134,409 |
|
|
25 |
% |
|
1,116,022 |
|
|
28 |
% |
|
917,178 |
|
|
26 |
% |
Specialty Semiconductor Process |
129,854 |
|
|
3 |
% |
|
— |
|
|
— |
% |
|
— |
|
|
— |
% |
PCB, Display and Component Inspection |
238,275 |
|
|
5 |
% |
|
85,836 |
|
|
2 |
% |
|
66,399 |
|
|
2 |
% |
Services |
1,176,661 |
|
|
26 |
% |
|
876,030 |
|
|
22 |
% |
|
776,080 |
|
|
22 |
% |
Other |
231,952 |
|
|
5 |
% |
|
227,004 |
|
|
5 |
% |
|
119,468 |
|
|
4 |
% |
Total |
$ |
4,568,904 |
|
|
100 |
% |
|
$ |
4,036,701 |
|
|
100 |
% |
|
$ |
3,480,014 |
|
|
100 |
% |
|
| Long-Lived Assets by Geographic Region |
Long-lived assets by geographic region as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
As of June 30, |
(In thousands) |
2019 |
|
2018 |
Long-lived assets: |
|
|
|
United States |
$ |
253,255 |
|
|
$ |
187,352 |
|
Israel |
66,082 |
|
|
26,980 |
|
Europe |
62,027 |
|
|
12,924 |
|
Singapore |
49,523 |
|
|
47,009 |
|
Rest of Asia |
17,912 |
|
|
12,041 |
|
Total |
$ |
448,799 |
|
|
$ |
286,306 |
|
|