Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS (Tables)

v3.20.2
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Acquisition Purchase Price Allocation
The purchase price of this acquisition was allocated as follows:
(In thousands) Fair Value
Net tangible assets (including Cash and cash equivalents of $6.6 million)
 $ 7,196   
Deferred tax liabilities (15,265)  
Identifiable intangible assets 47,931   
Goodwill 54,168   
Total $ 94,030   
The allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the Acquisition date, including all measurement period adjustments, is as follows:
(In thousands) Purchase Price Allocation
Assets
Accounts receivable, net $ 197,873   
Inventories 330,325   
Contract assets 63,181   
Other current assets 70,622   
Property, plant, and equipment, net 97,664   
Intangible assets 1,553,570   
Other non-current assets 73,179   
Total assets acquired $ 2,386,414   
Liabilities
Accounts payable $ 53,015   
Accrued liabilities 173,507   
Other current liabilities 73,057   
Deferred tax liabilities 786,671   
Other non-current liabilities 86,789   
Non-controlling interest 19,185   
Total liabilities assumed $ 1,192,224   
Total identifiable net assets acquired $ 1,194,190   
Goodwill 1,845,728   
Total purchase price $ 3,039,918   
Non-recurring Adjustments to Unaudited Pro Forma Results Attributable to Business Combination
The table below reflects the impact of material and nonrecurring adjustments to the unaudited pro forma results for the indicated periods that are directly attributable to the acquisitions:
Year ended June 30,
Non-recurring Adjustments (In thousands)
2019 2018
Decrease to revenue as a result of deferred revenue fair value adjustment $ —    $ 5,349   
Increase to expense as a result of inventory fair value adjustment $ 1,029    $ 85,778   
(Decrease)/increase to expense as a result of transaction costs $ (64,343)   $ 64,343   
Increase to expense as a result of compensation costs $ 7,201    $ 39,888   
Unaudited Pro Forma Information
The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisitions actually occurred at the beginning of fiscal year 2018 or of the results of our future operations of the combined businesses.
Year ended June 30,
(In thousands) 2019 2018
Revenues $ 5,154,823    $ 5,079,654   
Net income attributable to KLA $ 1,288,467    $ 608,542