01—Abstract
Summary
Summary of the 10-Q/A filed November 24, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to KLA Corporation's (KLAC) Quarterly Report on Form 10-Q for the period ending September 30, 2010.
The amendment's sole purpose is to furnish Exhibit 101, which contains XBRL (eXtensible Business Reporting Language) interactive data files that were omitted from the original filing. Investors should note that this amendment does not introduce any new financial information or updates to the disclosures made in the original 10-Q filed on October 29, 2010. It exclusively addresses the electronic data formatting for regulatory submission and does not alter the company's reported financial performance or operational status for the quarter.
02—Key points
Key Highlights
- Amendment No. 1 to KLA-Tencor Corporation's Form 10-Q for the period ended September 30, 2010.
- The sole purpose of this amendment is to provide XBRL interactive data files (Exhibit 101) that were previously omitted.
- This filing does not contain any new financial information or changes to the disclosures in the original 10-Q.
- The amendment solely addresses the electronic data submission requirements as per Rule 405 of Regulation S-T.
- The original 10-Q was filed on October 29, 2010, and this amendment speaks as of that original filing date.
- Key exhibits previously filed and referenced include CEO/CFO certifications and a performance bonus plan.
- KLA Corporation (KLAC) is classified as a large accelerated filer.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2011, KLA Corp kept $0.23.
- Revenue$682.3M100.0%
- Cost of revenue−$264.0M38.7%
- Gross profit$418.4M61.3%
- Operating costs−$182.8M26.8%
- Operating income$235.6M34.5%
- Interest, other & tax−$81.4M11.9%
- Net income$154.2M22.6%
04—Financials
Financial Highlights
Figures from 10-Q/AQ1 FY2011filed November 24, 2010Financial Statements
Q1 FY2011 against Q1 FY2010
| Line item | Q1 FY2011Q1 FY2010 | Change |
|---|---|---|
| Revenue | $682.34M$342.69M | +99.1% |
| Cost of Revenue | $263.97M$171.89M | +53.6% |
| Gross Profit | $418.37M$170.79M | +145.0% |
| R&D Expenses | $94.72M$78.21M | +21.1% |
| SG&A Expenses | $88.04M$77.64M | +13.4% |
| Operating Expenses | $446.73M$327.74M | +36.3% |
| Operating Income | $235.62M$14.95M | +1476.0% |
| Interest Expense | $13.53M$13.46M | +0.5% |
| Net Income | $154.20M$20.41M | +655.7% |
| EPS (Basic) | $0.09$0.01 | +666.7% |
| EPS (Diluted) | $0.09$0.01 | +658.3% |
| Shares Outstanding (Basic) | 1.67B1.71B | −2.1% |
| Shares Outstanding (Diluted) | 1.70B1.73B | −1.7% |
05—Questions
Frequently Asked Questions
What is the primary reason for this amended filing (10-Q/A)?
The primary reason for this amended filing is to furnish the XBRL (eXtensible Business Reporting Language) interactive data files, specifically Exhibit 101, which were omitted from the original Form 10-Q filed on October 29, 2010. This amendment solely addresses the electronic submission requirements and does not alter any previously reported financial information or disclosures.
Does this amendment introduce any new financial results or operational updates for KLA Corp?
No, this amendment does not introduce any new financial results or operational updates. It explicitly states that its sole purpose is to provide the XBRL data files and that no other changes have been made to the original Form 10-Q. All disclosures remain as they were in the original filing.
What does XBRL mean in this context?
XBRL stands for eXtensible Business Reporting Language. It's a global standard for digital reporting that allows companies to tag their financial data, making it more accessible, searchable, and analyzable for investors, regulators, and other stakeholders. This filing includes the various XBRL components required for machine-readable financial data.
What is the significance of KLA Corp being a 'large accelerated filer'?
Being a 'large accelerated filer' means KLA Corp meets specific size and filing history thresholds set by the SEC. This classification typically implies the company has a substantial market capitalization and has been subject to SEC reporting requirements for a considerable period. It generally suggests a more mature and established company.
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