KLAC · 10-K · 2026A · Full report
Liquidity and Debt Position
KLA CORP · 2026-08-06 · Importance 64 · Surprise 42 · In source text
Cash, cash equivalents and marketable securities totaled $4.90 billion at June 30, 2026, up from $4.49 billion at June 30, 2025, including $735.1 million held by foreign subsidiaries and branch offices.,Net cash provided by operating activities increased to $4.14 billion from $4.08 billion, while net cash used in financing activities was $3.39 billion after $2.29 billion of repurchases and $1.06 billion of dividends.,KLA had $5.95 billion of senior unsecured notes outstanding with maturities from fiscal 2029 through fiscal 2063, and interest payments associated with the debt were estimated at $5.20 billion.,The new Revolving Credit Facility permits borrowings of up to $1.50 billion through July 3, 2030, had no borrowings at June 30, 2026, and KLA reported a 0.53-to-1.00 net leverage ratio versus a 3.25-to-1.00 covenant maximum.
Key facts
- We entered into interest rate swaps in 2026 to convert a portion of fixed-rate payments under the 2022 Senior Notes into floating-rate payments; interest on the Senior Notes and swaps are payable semi-annually. source
- Revolving Credit Facility entered July 3, 2025 allows borrowing up to $1.50 billion and may be increased by up to $500.0 million in the aggregate; maturity date July 3, 2030. source
- We believe cash from operations, existing cash and marketable securities, and $1.50 billion Revolving Credit Facility will be sufficient to satisfy liquidity requirements for at least the next 12 months. source
- As of June 30, 2026, working capital was $8.08 billion, an increase of $1.46 billion compared to June 30, 2025. source
- Interest payments associated with all debt obligations are $5.20 billion as of June 30, 2026. source
- Aggregate principal amount of senior unsecured notes as of June 30, 2026: $5.95 billion with due dates ranging from fiscal 2029 through fiscal 2063. source
- Aggregate principal debt obligation as of June 30, 2026: $5.95 billion. source
- Total cash, cash equivalents and marketable securities as of June 30, 2026: $4,902,408 (thousands). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -33.1% | Aggregate principal amount of senior unsecured notes as of June 30, 2026: $5.95 billion with due dates ranging from fiscal 2029 through… |
| liability | negative | committed | -24.6% | Interest payments associated with all debt obligations are $5.20 billion as of June 30, 2026. |
| assets | positive | realized | +8.1% | As of June 30, 2026, working capital was $8.08 billion, an increase of $1.46 billion compared to June 30, 2025. |
| operating_income | unclear | committed | — | We entered into interest rate swaps in 2026 to convert a portion of fixed-rate payments under the 2022 Senior Notes into floating-rate… |
| cash | positive | realized | — | Total cash, cash equivalents and marketable securities as of June 30, 2026: $4,902,408 (thousands). |
| cash | positive | realized | — | Net cash provided by operating activities in fiscal year ended June 30, 2026: $4,143,079 (thousands). |
| cash | negative | realized | — | Net cash used in financing activities in fiscal year ended June 30, 2026: $(3,385,606) (thousands). |