| Balance Sheet Components |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
(In thousands) |
As of
September 30, 2018 |
|
As of
June 30, 2018 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
613,847 |
|
|
$ |
663,317 |
|
Allowance for doubtful accounts |
(11,637 |
) |
|
(11,639 |
) |
|
$ |
602,210 |
|
|
$ |
651,678 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
265,849 |
|
|
$ |
253,639 |
|
Raw materials |
349,300 |
|
|
331,065 |
|
Work-in-process |
297,606 |
|
|
280,208 |
|
Finished goods |
80,772 |
|
|
66,933 |
|
|
$ |
993,527 |
|
|
$ |
931,845 |
|
Other current assets: |
|
|
|
Contract assets |
$ |
15,373 |
|
|
$ |
— |
|
Deferred costs of revenue(1)
|
47,843 |
|
|
— |
|
Prepaid expenses |
57,947 |
|
|
47,088 |
|
Prepaid income tax and other taxes |
3,295 |
|
|
23,452 |
|
Other current assets |
20,541 |
|
|
14,619 |
|
|
$ |
144,999 |
|
|
$ |
85,159 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
40,582 |
|
|
$ |
40,599 |
|
Buildings and leasehold improvements |
333,224 |
|
|
335,647 |
|
Machinery and equipment |
583,682 |
|
|
577,077 |
|
Office furniture and fixtures |
22,272 |
|
|
22,171 |
|
Construction-in-process |
15,085 |
|
|
9,180 |
|
|
994,845 |
|
|
984,674 |
|
Less: accumulated depreciation |
(703,613 |
) |
|
(698,368 |
) |
|
$ |
291,232 |
|
|
$ |
286,306 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan(2)
|
$ |
203,370 |
|
|
$ |
197,213 |
|
Other non-current assets |
21,799 |
|
|
19,606 |
|
|
$ |
225,169 |
|
|
$ |
216,819 |
|
Other current liabilities: |
|
|
|
Executive Deferred Savings Plan(2)
|
$ |
203,989 |
|
|
$ |
199,505 |
|
Compensation and benefits |
243,874 |
|
|
177,587 |
|
Other accrued expenses |
93,357 |
|
|
123,869 |
|
Customer credits and advances |
119,655 |
|
|
116,440 |
|
Warranty |
347 |
|
|
42,258 |
|
Income taxes payable |
69,822 |
|
|
23,287 |
|
Interest payable |
42,275 |
|
|
16,947 |
|
|
$ |
773,319 |
|
|
$ |
699,893 |
|
Other non-current liabilities: |
|
|
|
Income taxes payable |
$ |
348,282 |
|
|
$ |
371,665 |
|
Pension liabilities |
66,431 |
|
|
66,786 |
|
Other non-current liabilities |
33,271 |
|
|
32,912 |
|
|
$ |
447,984 |
|
|
$ |
471,363 |
|
|
|
(1) |
Deferred costs of revenue were previously included under deferred system profit prior to the adoption of ASC 606. |
|
|
(2) |
KLA-Tencor has a non-qualified deferred compensation plan (known as “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense associated with changes in the EDSP liability included in selling, general and administrative expense was $7.5 million and $6.8 million during the three months ended September 30, 2018 and 2017, respectively. The amount of net gains associated with changes in the EDSP assets included in selling, general and administrative expense was $7.4 million and $6.9 million during the three months ended September 30, 2018 and 2017, respectively. For additional details, refer to Note 1, “Description of Business and Summary of Significant Accounting Policies,” of the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2018.
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|