KLA Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INCOME TAXES

INCOME TAXES

12 Months Ended

Jun. 30, 2020

The components of income before income taxes were as follows:


	Year ended June 30,
(In thousands)	2020		2019		2018
Domestic income before income taxes	$	752,844	$	545,401	$	716,015
Foreign income before income taxes	563,867		750,830		739,916
Total income before income taxes	$	1,316,711	$	1,296,231	$	1,455,931

The provision for income taxes was comprised of the following:


(In thousands)	Year ended June 30,
			2020			2019			2018
Current:
Federal	$	108,136		$	82,460		$	504,758
State	518			5,665			6,422
Foreign	86,374			59,274			41,414
	195,028			147,399			552,594
Deferred:
Federal	(26,743)			1,636			98,702
State	(1,174)			2,118			1,526
Foreign	(65,425)			(29,939)			844
	(93,342)			(26,185)			101,072
Provision for income taxes	$	101,686		$	121,214		$	653,666

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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