KLA-Tencor Reports Fiscal 2011 First Quarter Results

MILPITAS, Calif.,Oct. 28/ Prnewswire-Firstcall / - Kla-Tencor Corporation(纳斯达克:KLAC)今天宣布对2011财年第一季度的运营业绩,这些成绩结束了September 30, 2010。KLA-Tencor reported GAAP net income of$154 million和每次摊薄份额的GAAP收益$0.91关于收入6.82亿美元for the first quarter of fiscal year 2011.

"We are pleased with a very solid first quarter of fiscal year 2011. Orders were strong, backlog increased and we delivered outstanding gross and operating margins in the quarter," said里克华莱斯,Kla-Tencor的总裁兼首席执行官。“我们的客户焦点,加上研发和成功的新产品的投资高水平,正在帮助推动加强流程控制和促进我们强有力的财务业绩的贡献。”

公认会计准则结果Q1 2011财政年度Q4 FY 2010 Q1 FY 2010 Revenues $ 682 million $ 559 million $ 343 million Net Income $ 154 million $ 113 million $ 20 million Earnings per Diluted Share $ 0.91 $ 0.66 $ 0.12 Non-GAAP Results Q1 FY 2011 Q4 FY 2010 Q1 FY 2010 Net Income $ 169 million $ 120 million $ 26 million Earnings per Diluted Share $ 0.99 $ 0.70 $ 0.15


A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this release. Non-GAAP results include the impact of stock-based compensation, but exclude the impact of acquisition, restatement and restructuring related items, goodwill and intangible asset impairment, and certain discrete tax items.

KLA-Tencor will discuss the results for its fiscal year 2011 first quarter, along with its outlook, on a conference call today beginning at2:00 p.m. Pacific Daylight Time。该呼叫的网络广播将可用:www.langyachengbao.com

Forward-Looking Statements:

除了历史事实之外的历史事实之外的陈述,如关于采用过程控制的陈述,KLA-Tencor对研发的投资水平以及公司成功创新,开发和销售了满足客户需求的新技术和产品的能力金博宝188亚洲体育app188bet欧洲杯直播官网前瞻性陈述,并受1995年私营证券诉讼改革法案所产生的安全港规定。这些前瞻性陈述是基于当前的信息和预期,并涉及许多风险和不确定性。由于各种因素,实际结果可能与在此类陈述中预期的那些结果有所不同,包括但不限于:半导体的需求;全球资本市场的财务状况和一般宏观经济环境;竞争对手的新产品和技术产品;取消客户的订单;KLA-Tencor的研发团队成功创新和开发响应客户需求的技术和产品的能力;金博宝188亚洲体育appKla-Tencor能够成功整合和管理它获取的业务;市场接受本公司现有和新​​发布的产品;金博宝188亚洲体育app188bet欧洲杯直播官网并改变客户需求。 For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this release, please refer to KLA-Tencor's Annual Report on Form 10-K for the year ended2010年6月30日, subsequently filed Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA-Tencor assumes no obligation to, and does not currently intend to, update these forward-looking statements.

关于KLA-Tencor:

KLA-Tencor Corporation(纳斯达克:KLAC)是一个领先的流程控制和产量管理解决方案提供商,与世界各地客户的合作伙伴开发最先进的检验和计量技术。这些技术服务于半导体,数据存储,LED,光伏等相关纳米电子行业。随着行业标准产品的组合和世界级工程师和科学家团队,该公司为客户创造了卓越的解金博宝188亚洲体育app决方案超过30年。188bet欧洲杯直播官网总部位于Milpitas, California, KLA-Tencor has dedicated customer operations and service centers around the world. Additional information may be found atwww.langyachengbao.com。(KLAC-F)

使用非GAAP财务信息:

本新闻稿中提供的非GAAP和补充信息是补充,而不是根据美国GAAP提出的替代品,而不是替代的替代品KLA-Tencor的财务结果。

To supplement KLA-Tencor's condensed consolidated financial statements presented in accordance with GAAP, the company provides certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user's overall understanding of KLA-Tencor's operating performance and its prospects in the future. Specifically, KLA-Tencor believes that the non-GAAP information provides useful measures to both management and investors regarding financial and business trends relating to KLA-Tencor's financial performance by excluding certain costs and expenses that the company believes are not indicative of its core operating results. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics (for example, determining which costs and expenses to exclude when calculating such a metric) are inherently subject to significant discretion. As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP.

Unau KLA-Tencor公司凝聚整合dited Balance Sheets (In thousands) September 30, 2010 June 30, 2010 ASSETS Cash and marketable securities $ 1,518,992 $ 1,534,044 Accounts receivable, net 500,022 440,125 Inventories, net 464,242 401,730 Other current assets 450,105 459,566 Land, property and equipment, net 247,380 236,752 Goodwill 328,126 328,006 Purchased intangibles, net 108,908 117,336 Other non-current assets 385,090 389,497 Total assets $ 4,002,865 $ 3,907,056 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 138,226 $ 107,938 Deferred system profit 201,663 204,764 Unearned revenue 33,518 37,026 Other current liabilities 390,211 422,059 Total current liabilities 763,618 771,787 Non-current liabilities: Income tax payable 57,500 53,492 Unearned revenue 21,124 20,354 Other non-current liabilities 73,484 69,065 Long-term debt 745,882 745,747 Total liabilities 1,661,608 1,660,445 Stockholders' equity: Common stock and capital in excess of par value 953,437 921,460 Retained earnings 1,402,931 1,356,454 Accumulated other comprehensive income (loss) (15,111) (31,303) Total stockholders' equity 2,341,257 2,246,611 Total liabilities and stockholders' equity $ 4,002,865 $ 3,907,056


KLA-Tencor Corporation Consyed Consolidated Offeration的业务账单三个月(数千名,除了每股数据除外)2010年9月30日2009年9月30日收入:产品$ 550,609 $ 229,251服务131,733 113,436总收入682,342 342,687费用和运营费用:成本收入263,969 171,892工程,研发94,720 78,209销售,一般和行政88,037 77,636总成本和运营支出446,726 327,737次收入来自运营235,616 14,950利息和其他收入(费用),净额(12,304)7,842税前收入223,312 22,792条款对于所得税69,116 2,387净收入每股净收入为154,196美元净收入:基本价值0.92美元$ 0.12摊薄每股0.91美元$ 0.12的现金股息$ 0.25 $ 0.15加权平均股份:基本167,187 170,698稀释169,839 172,718


Unau KLA-Tencor公司凝聚整合dited Statements of Cash Flows Three months ended September 30 (In thousands) 2010 2009 Cash flows from operating activities: Net income $ 154,196 $ 20,405 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 20,783 23,134 Non-cash stock-based compensation 24,213 20,199 Tax charge from equity awards - (5,133) Net gain on sale of marketable securities and other investments (1,047) (1,292) Gain on sale of real estate assets - (2,824) Changes in assets and liabilities: Increase in accounts receivable, net (50,342) (28,279) Decrease (increase) in inventories (63,450) 26,971 Decrease (increase) in other assets 10,870 (46,368) Increase in accounts payable 30,096 11,288 Increase (decrease) in deferred system profit (3,101) 18,902 Increase (decrease) in other liabilities (26,690) 36,246 Net cash provided by operating activities 95,528 73,249 Cash flows from investing activities: Capital expenditures, net (11,163) (3,635) Purchase of available-for-sale securities (228,951) (263,646) Proceeds from sale and maturity of available-for-sale securities 239,650 221,588 Purchase of trading securities (16,004) (23,573) Proceeds from sale of trading securities 30,623 29,145 Net cash provided by (used in) investing activities 14,155 (40,121) Cash flows from financing activities: Issuance of common stock 2,953 2,917 Tax withholding payments related to vested and released restricted stock units (9,517) (1,833) Common stock repurchases (62,156) - Payment of dividends to stockholders (41,785) (25,606) Net cash used in financing activities (110,505) (24,522) Effect of exchange rate changes on cash and cash equivalents 9,288 7,266 Net increase in cash and cash equivalents 8,466 15,872 Cash and cash equivalents at beginning of period 529,918 524,967 Cash and cash equivalents at end of period $ 538,384 $ 540,839 Supplemental cash flow disclosures: Income tax paid, net $ 46,060 $ 10,591 Interest paid $ 352 $ 246


Unau KLA-Tencor公司凝聚整合dited Supplemental Information (In thousands, except per share data) Reconciliation of GAAP Net Income to Non-GAAP Net Income Three months ended September 30, 2010 June 30, 2010 September 30, 2009 GAAP net income $ 154,196 $ 113,085 $ 20,405 Adjustments to reconcile GAAP net income to non-GAAP net income Acquisition related charges a 8,178 8,280 8,095 Restructuring, severance and other related charges b - 3,311 (4,409) Restatement related charges c - (866) 5,188 Income tax effect of non-GAAP adjustments d (2,857) (3,824) (3,121) Discrete tax items e 9,154 - - Non-GAAP net income $ 168,671 $ 119,986 $ 26,158 GAAP net income per diluted share $ 0.91 $ 0.66 $ 0.12 Non-GAAP net income per diluted share $ 0.99 $ 0.70 $ 0.15 Shares used in diluted shares calculation 169,839 171,275 172,718


汇税额包括在综合业务陈述的项目重组,收购遣散费和重述总税前相关的其他相关GAAP与非GAAP费用相关的收费调整4个月截至2010年9月30日收入的收费$ 5,790 $ 5,790 $ 5790 $ 5,790 $  -  $-  $ 5,790工程,研发898  -   -  898售价,一般和行政1,490  -   -  1,490总计截至9月30日止三个月$ 8,178 $  -  $ 8,178截至$ 8,178截至6月30日止三个月,2010年6月30日收入$ 5,790$(57)$  -  $ 5,733工程,研发898  -   -  898售价,一般和行政1,592 3,3682009年9月30日收入5,721美元$(104)$  -  $ 5,617工程,研发897(213) -  684售出,一般和行政1,477(4,092)总共在截至9月30日止三个月的总计2009年9月30日$ 8,095$(4,409)$ 5,188 $ 8,874


Three months ended September 30, 2010 June 30, 2010 September 30, 2009 Stock-based compensation Costs of revenues $ 4,168 $ 3,869 $ 3,288 Engineering, research and development 7,618 7,176 6,603 Selling, general and administrative 12,427 12,414 10,308 Total $ 24,213 $ 23,459 $ 20,199


To supplement our condensed consolidated financial statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics (for example, determining which costs and expenses to exclude when calculating such a metric) are inherently subject to significant discretion. As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP.

收购相关的指控包括摊销of intangible assets, inventory fair value adjustments, and in-process research and development charges associated with acquisitions. Management believes that the expense associated with the amortization of acquisition related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives, and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both KLA-Tencor's newly acquired and long-held businesses. Management believes that it is appropriate to exclude acquisition related inventory fair value adjustments and in-process research and development charges as they are not indicative of ongoing operating results and therefore limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies. b Restructuring, severance and other related charges include gains and costs associated with the company's facilities divestment and consolidation program, reductions in force, and gains and losses from sales of facilities. Management believes that it is appropriate to exclude those items as they are not indicative of ongoing operating results and therefore limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies. c Restatement related charges include legal and other expenses related to the investigation regarding the company's historical stock option granting process and related shareholder litigation and other matters. Management believes that it is appropriate to exclude those items as they are not indicative of ongoing operating results and therefore limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies. d Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above. Management believes that it is appropriate to exclude the tax effects of the items noted above in order to present a more meaningful measure of non-GAAP net income. e Discrete tax items include the tax impact of shortfalls in excess of cumulative windfall tax benefits recorded as provision for income taxes during the period. Windfall tax benefits arise when a company's tax deduction for employee stock activity exceeds book compensation for the same activity. A shortfall arises when the tax deduction is less than book compensation. Windfalls are recorded as increases to capital in excess of par value. Shortfalls are recorded as decreases to capital in excess of par value to the extent that cumulative windfalls exceed cumulative shortfalls. Shortfalls in excess of cumulative windfalls are recorded as provision for income taxes. Management believes that it is appropriate to exclude these items as they are not indicative of ongoing operating results and therefore limit comparability. Management believes excluding these items helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.


源Kla-Tencor Corporation