2016 Q4 Form 10-Q Financial Statement

#000031920117000006 Filed on January 27, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $876.9M $710.2M
YoY Change 23.46% 5.01%
Cost Of Revenue $318.5M $281.0M
YoY Change 13.36% -0.79%
Gross Profit $558.4M $429.3M
YoY Change 30.08% 9.19%
Gross Profit Margin 63.68% 60.44%
Selling, General & Admin $93.53M $96.53M
YoY Change -3.11% -7.95%
% of Gross Profit 16.75% 22.49%
Research & Development $130.9M $118.3M
YoY Change 10.69% -11.44%
% of Gross Profit 23.45% 27.55%
Depreciation & Amortization $14.90M $16.60M
YoY Change -10.24% -12.17%
% of Gross Profit 2.67% 3.87%
Operating Expenses $224.4M $214.8M
YoY Change 4.49% -9.91%
Operating Profit $333.9M $214.5M
YoY Change 55.71% 38.62%
Interest Expense $30.62M $30.54M
YoY Change 0.28% -2.43%
% of Operating Profit 9.17% 14.24%
Other Income/Expense, Net $5.000M $1.300M
YoY Change 284.62% -31.58%
Pretax Income $306.8M $185.5M
YoY Change 65.44% -3059.08%
Income Tax $68.59M $33.27M
% Of Pretax Income 22.35% 17.94%
Net Earnings $238.3M $152.2M
YoY Change 56.53% 650.97%
Net Earnings / Revenue 27.17% 21.43%
Basic Earnings Per Share $1.52 $0.98
Diluted Earnings Per Share $1.52 $0.98
COMMON SHARES
Basic Shares Outstanding 156.3M shares 155.3M shares
Diluted Shares Outstanding 157.1M shares 156.0M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.593B $2.241B
YoY Change 15.69% -5.3%
Cash & Equivalents $937.0M $886.6M
Short-Term Investments $1.656B $1.355B
Other Short-Term Assets $103.6M $106.9M
YoY Change -3.06% -15.24%
Inventory $671.2M $691.8M
Prepaid Expenses $33.46M $38.63M
Receivables $663.9M $427.1M
Other Receivables $47.60M $61.10M
Total Short-Term Assets $4.032B $3.685B
YoY Change 9.42% -8.94%
LONG-TERM ASSETS
Property, Plant & Equipment $280.0M $292.4M
YoY Change -4.25% -9.57%
Goodwill $335.2M $335.2M
YoY Change -0.01% -0.02%
Intangibles $2.551M $6.934M
YoY Change -63.21% -64.53%
Long-Term Investments
YoY Change
Other Assets $185.6M $253.3M
YoY Change -26.71% -3.67%
Total Long-Term Assets $1.063B $292.4M
YoY Change 263.49% -9.57%
TOTAL ASSETS
Total Short-Term Assets $4.032B $3.685B
Total Long-Term Assets $1.063B $292.4M
Total Assets $5.094B $4.573B
YoY Change 11.41% -8.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.2M $122.3M
YoY Change -5.03% 12.93%
Accrued Expenses $427.5M $392.2M
YoY Change 9.0% -6.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $250.0M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.188B $858.3M
YoY Change 38.38% -8.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.729B $3.132B
YoY Change -12.85% -2.4%
Other Long-Term Liabilities $149.8M $167.5M
YoY Change -10.6% -6.63%
Total Long-Term Liabilities $2.879B $3.299B
YoY Change -12.74% -2.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.188B $858.3M
Total Long-Term Liabilities $2.879B $3.299B
Total Liabilities $4.129B $4.207B
YoY Change -1.84% -4.07%
SHAREHOLDERS EQUITY
Retained Earnings $534.2M $0.00
YoY Change -100.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $965.1M $365.6M
YoY Change
Total Liabilities & Shareholders Equity $5.094B $4.573B
YoY Change 11.41% -8.32%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $238.3M $152.2M
YoY Change 56.53% 650.97%
Depreciation, Depletion And Amortization $14.90M $16.60M
YoY Change -10.24% -12.17%
Cash From Operating Activities $222.4M $100.3M
YoY Change 121.73% 803.6%
INVESTING ACTIVITIES
Capital Expenditures -$8.600M -$8.000M
YoY Change 7.5% -37.5%
Acquisitions
YoY Change
Other Investing Activities -$131.7M $149.1M
YoY Change -188.33% -69.48%
Cash From Investing Activities -$140.4M $141.2M
YoY Change -199.43% -70.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.9M -117.7M
YoY Change -14.27% -79.21%
NET CHANGE
Cash From Operating Activities 222.4M 100.3M
Cash From Investing Activities -140.4M 141.2M
Cash From Financing Activities -100.9M -117.7M
Net Change In Cash -18.90M 123.8M
YoY Change -115.27% -256.31%
FREE CASH FLOW
Cash From Operating Activities $222.4M $100.3M
Capital Expenditures -$8.600M -$8.000M
Free Cash Flow $231.0M $108.3M
YoY Change 113.3% 353.14%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
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CY2016Q2 us-gaap Derivative Collateral Right To Reclaim Cash
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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12131000 USD
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10804000 USD
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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306845000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1900000 USD
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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3200000 USD
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us-gaap Income Tax Reconciliation Tax Credits Research
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Lease And Rental Expense
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558000 USD
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9780000 USD
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314000 USD
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5494000 USD
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5329000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-6504000 USD
CY2016Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-10219000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5513000 USD
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us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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-1764000 USD
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-9946000 USD
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-5523000 USD
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26000 USD
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43000 USD
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30000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
234000 USD
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237000 USD
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700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1000000 USD
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900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1300000 USD
CY2015Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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707000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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12131000 USD
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-7037000 USD
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-9914000 USD
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234712000 USD
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OtherInventoriesSpareParts
238446000 USD
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662208000 USD
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570923000 USD
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OtherLiabilitiesNoncurrent
156623000 USD
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OtherLiabilitiesNoncurrent
149766000 USD
us-gaap Payments For Repurchase Of Common Stock
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181711000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
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10881000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
30146000 USD
CY2016Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
166000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
440000 USD
us-gaap Payments Of Dividends
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183054000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
173842000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22021000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
17455000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
624861000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
830462000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2370000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
35005000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
73278000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15279000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18512000 USD
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PrepaidExpenseCurrent
37127000 USD
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33456000 USD
us-gaap Proceeds From Issuance Of Common Stock
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21908000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23694000 USD
CY2015Q4 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
21908000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
21908000 USD
CY2016Q4 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
23694000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
23694000 USD
CY2015Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4062000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4062000 USD
CY2016Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9740000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13148000 USD
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
326335000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
356177000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
35576000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
68465000 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
1215000 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
2582000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
485087000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
189242000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36413000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35892000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36148000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
34773000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36967000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
40673000 USD
CY2016Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34773000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
40673000 USD
CY2015Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7066000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
16443000 USD
CY2016Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8354000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
16617000 USD
CY2015Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-3411000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-3594000 USD
CY2016Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1131000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1576000 USD
CY2015Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10733000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
19772000 USD
CY2016Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
13191000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24093000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
888243000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
911856000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
278014000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
279966000 USD
CY2016Q4 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
226000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
583000 USD
CY2016Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
337900000 USD
CY2015Q4 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
182000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
586000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
60000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
80000000 USD
CY2015Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
118272000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
238215000 USD
CY2016Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
130912000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
260145000 USD
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
1392000 USD
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
1400000 USD
us-gaap Restructuring Charges
RestructuringCharges
8458000 USD
us-gaap Restructuring Charges
RestructuringCharges
8500000 USD
CY2016Q4 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
24887000 USD
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
13061000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
3009000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
587000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
287000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2015Q4 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-563000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-190000 USD
CY2016Q4 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-121000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-147000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
284825000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
534175000 USD
CY2015Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2000 USD
CY2016Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8000 USD
CY2015Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
527780000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
988519000 USD
CY2016Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
683733000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1245486000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
710245000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1352889000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
876885000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1627558000 USD
CY2015Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
182465000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
364370000 USD
CY2016Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
193152000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
382072000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
96532000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
188195000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
93532000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
187920000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23573000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23922000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.037
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.037
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.030
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.030
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.239
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.239
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.206
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.206
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.001
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.001
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.1
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6778000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5300000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
454000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
454000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
384000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
384000 shares
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
CY2016Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
5900000 shares
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
689114000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
965096000 USD
CY2016Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
27964000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23223000 USD
CY2015Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29509000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
175743000 USD
CY2016Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2016Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
3057936000 USD
CY2016Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
2729239000 USD
CY2015Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
744000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
935000 shares
CY2016Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
788000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
839000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
155996000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156971000 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
157123000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
157071000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
155252000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156036000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156335000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156232000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions in applying the Company&#8217;s accounting policies that affect the reported amounts of assets and liabilities (and related disclosure of contingent assets and liabilities) at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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0000319201-17-000006-index-headers.html Edgar Link pending
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0000319201-17-000006.txt Edgar Link pending
0000319201-17-000006-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
klac-20161231.xml Edgar Link completed
klac-20161231.xsd Edgar Link pending
klac-20161231_cal.xml Edgar Link unprocessable
klac-20161231_def.xml Edgar Link unprocessable
klac-20161231_lab.xml Edgar Link unprocessable
klac-20161231_pre.xml Edgar Link unprocessable
klac10q123116.htm Edgar Link pending
klac10qex311123116.htm Edgar Link pending
klac10qex312123116.htm Edgar Link pending
klac10qex32123116.htm Edgar Link pending
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