Summary
This 8-K filing from Lam Research Corporation (LRCX) on May 23, 2016, primarily serves to provide updated financial information related to the previously announced acquisition of KLA-Tencor Corporation. Investors can find key financial statements for KLA-Tencor, both audited and unaudited, as well as unaudited pro forma condensed combined financial statements that reflect the anticipated merger. The filing also includes the computation of Lam Research's ratio of earnings to fixed charges and a pro forma computation giving effect to the KLA-Tencor merger. This release of financial data is crucial for investors assessing the potential financial impact and valuation of the combined entity following the completion of the KLA-Tencor Merger.
Key Highlights
- 1Lam Research Corporation (LRCX) filed an 8-K on May 23, 2016, to disclose financial information pertaining to the KLA-Tencor acquisition.
- 2The filing includes audited consolidated financial statements of KLA-Tencor for the fiscal years ending June 30, 2015, and 2014, and for the three years prior.
- 3Unaudited condensed consolidated financial statements for KLA-Tencor as of March 31, 2016, and June 30, 2015, and for the related interim periods, are also provided.
- 4Unaudited pro forma condensed combined financial statements that show the combined financial position and results of operations of LRCX and KLA-Tencor are included.
- 5The report contains the computation of LRCX's ratio of earnings to fixed charges for recent fiscal periods.
- 6A pro forma computation of the ratio of earnings to fixed charges, reflecting the impact of the KLA-Tencor Merger, is also filed.
- 7The filing incorporates by reference the consent of PricewaterhouseCoopers LLP, KLA-Tencor's independent auditor.