Annual report pursuant to Section 13 and 15(d)

Financial Statement Components (Tables)

v2.4.0.8
Financial Statement Components (Tables)
12 Months Ended
Jun. 30, 2013
Financial Statement Components [Abstract]  
Consolidated Balance Sheets
Consolidated Balance Sheets
 
As of June 30,
(In thousands)
2013
 
2012
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
546,745

 
$
723,607

Allowance for doubtful accounts
(22,135
)
 
(22,327
)
 
$
524,610

 
$
701,280

Inventories:
 
 
 
Customer service parts
$
180,749

 
$
197,013

Raw materials
229,233

 
234,549

Work-in-process
176,704

 
170,254

Finished goods
47,762

 
48,986

 
$
634,448

 
$
650,802

Other current assets:
 
 
 
Prepaid expenses
$
31,997

 
$
53,472

Income tax related receivables
25,825

 
22,943

Other current assets
17,217

 
16,432

 
$
75,039

 
$
92,847

Land, property and equipment, net:
 
 
 
Land
$
41,850

 
$
41,397

Buildings and leasehold improvements
272,920

 
244,807

Machinery and equipment
476,747

 
443,668

Office furniture and fixtures
20,701

 
19,493

Construction-in-process
16,604

 
11,765

 
828,822

 
761,130

Less: accumulated depreciation and amortization
(523,541
)
 
(483,444
)
 
$
305,281

 
$
277,686

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
136,461

 
$
125,354

Deferred tax assets—long-term
114,833

 
128,738

Other
18,129

 
21,135

 
$
269,423

 
$
275,227

Other current liabilities:
 
 
 
Warranty
$
42,603

 
$
46,496

Executive Deferred Savings Plan(1)
137,849

 
125,329

Compensation and benefits
195,793

 
175,007

Income taxes payable
11,076

 
11,251

Interest payable
8,769

 
8,769

Other accrued expenses
130,959

 
146,559

 
$
527,049

 
$
513,411

Accumulated other comprehensive income (loss):
 
 
 
Currency translation adjustments, net of taxes of $1,085 in 2013 and $335 in 2012
$
(22,467
)
 
$
(10,419
)
Gains (losses) on cash flow hedging instruments, net of taxes (benefits) of $890 in 2013 and $(343) in 2012
1,594

 
(619
)
Unrealized gains (losses) on investments, net of taxes (benefits) of $(329) in 2013 and $1,498 in 2012
(602
)
 
2,811

Unrealized losses of defined benefit pension plan, net of tax benefits of $(8,769) in 2013 and $(4,752) in 2012
(15,171
)
 
(12,916
)
 
$
(36,646
)
 
$
(21,143
)
 __________________ 
(1)
KLA-Tencor has a non-qualified deferred compensation plan whereby certain executives and non-employee directors may defer a portion of their compensation. Participants are credited with returns based on their allocation of their account balances among measurement funds. The Company controls the investment of these funds, and the participants remain general creditors of KLA-Tencor. Distributions from the plan commence the quarter following a participant’s retirement or termination of employment, except in cases where such distributions are required to be delayed in order to avoid a prohibited distribution under Internal Revenue Code Section 409A. As of June 30, 2013, the Company had a deferred compensation plan related asset and liability included as a component of other non-current assets and other current liabilities on the Consolidated Balance Sheet.
Consolidated Statements of Operations
Consolidated Statements of Operations
 
Year ended June 30,
 
(In thousands)
2013
 
2012
 
2011
 
Interest income and other, net:
 
 
 
 
 
 
Interest income
$
14,976

 
$
15,321

 
$
15,513

 
Foreign exchange losses, net
(1,002
)
 
(2,864
)
 
(2,108
)
 
Net realized gains on sale of investments
2,287

 
637

 
2,479

 
Other
(1,149
)
 
(1,128
)
 
(11,820
)
(1) 
 
$
15,112

 
$
11,966

 
$
4,064

 
 __________________ 
(1)
Includes impairment charges of $9.9 million recorded during the fiscal year ended June 30, 2011 for equity investments in privately-held companies.