KLA Corporation (KLAC) Cash Flow Statement
Where KLAC’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $4.14B +1.5% vs FY2025
- Capital expenditures
- $375.9M 2.8% of revenue
- Free cash flow
- $3.77B 27.7% margin
- Returned to shareholders
- $3.35B 89% of free cash flow
- Change in cash
- −$429.1M cash at year-end $1.65B
Cash from operations
$4.14B
Capital expenditures
−$375.9M
Investments (net)
−$833.4M
Acquisitions & other
+$19.2M
Dividends
−$1.06B
Share buybacks (net)
−$2.29B
Shares issued
+$168.6M
Other financing
−$205.0M
Change in cash
−$429.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
KLAC operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
KLAC cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.08BFY2017 | $4.14BFY2026 | +16.1%/yr | |
| Capital expenditures | $38.6MFY2017 | $375.9MFY2026 | +28.8%/yr | |
| Free cash flow | $1.04BFY2017 | $3.77BFY2026 | +15.4%/yr | |
| Free cash flow margin | 29.9%FY2017 | 27.7%FY2026 | −2.2 pts | |
| Operating cash flow / net income | 1.17FY2017 | 0.86FY2026 | −0.31 | |
| Stock-based compensation | $50.9MFY2017 | $310.2MFY2026 | +22.2%/yr | |
| Dividends paid | $344.0MFY2017 | $1.06BFY2026 | +13.3%/yr | |
| Share buybacks (net) | $25.0MFY2017 | $2.29BFY2026 | +65.2%/yr | |
| Capex / revenue | 1.1%FY2017 | 2.8%FY2026 | +1.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KLAC cash flow by activity
OperatingInvestingFinancingChange in cash
KLAC net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
KLAC cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $4.83B | $4.06B | $2.76B | $684.7M | $805.4M | $2.08B | $1.22B | $1.18B | $802.3M | $926.1M |
| Depreciation & amortization | $394.0M | $394.1M | $401.7M | $104.8M | $100.8M | $333.3M | $348.0M | $233.2M | $62.7M | $57.8M |
| Stock-based compensation | $310.2M | $265.0M | $212.7M | $49.9M | $36.8M | $111.8M | $111.4M | $94.2M | $62.8M | $50.9M |
| Change in working capital | −$935.4M | −$646.2M | −$201.2M | $78.6M | −$292.0M | −$287.8M | −$180.5M | −$326.3M | $192.7M | $45.0M |
| Other non-cash items | −$456.4M | $7.3M | $133.4M | $2.75B | $2.66B | −$49.7M | $284.9M | −$23.5M | $108.6M | −$166,000 |
| Cash from operating activities | $4.14B | $4.08B | $3.31B | $3.67B | $3.31B | $2.19B | $1.78B | $1.15B | $1.23B | $1.08B |
| Investing activities | ||||||||||
| Capital expenditures | −$375.9M | −$340.2M | −$277.4M | −$341.6M | −$307.3M | −$231.6M | −$152.7M | −$130.5M | −$66.9M | −$38.6M |
| Investments (net) | −$833.4M | −$202.5M | −$1.48B | −$74.5M | −$25.4M | −$500.4M | −$16.1M | $767.8M | $376.0M | −$496.7M |
| Acquisitions & other investing | $19.2M | $340.2M | $277.4M | −$66.5M | −$543.7M | $231.6M | −$90.1M | −$1.82B | −$17.4M | −$25.6M |
| Cash from investing activities | −$1.19B | −$202.5M | −$1.48B | −$482.6M | −$876.5M | −$500.4M | −$258.9M | −$1.18B | $291.6M | −$560.9M |
| Financing activities | ||||||||||
| Dividends paid | −$1.06B | −$904.6M | −$773.0M | −$179.5M | −$157.6M | −$559.4M | −$522.4M | −$472.3M | −$402.1M | −$344.0M |
| Share repurchases & issuance (net) | −$2.29B | −$2.15B | −$1.74B | −$388.8M | −$2.57B | −$938.6M | −$829.1M | −$1.10B | −$203.2M | −$25.0M |
| Net borrowing (repayment) | −$1.6M | −$750.0M | $735.0M | −$793.8M | $3.22B | −$29.7M | $20.8M | $1.18B | −$697.6M | −$130.0M |
| Shares issued | $168.6M | $151.5M | $144.9M | $90.9M | $113.0M | $86.1M | $75.6M | $64.8M | $0 | $0 |
| Other financing | −$205.0M | −$132.7M | −$147.2M | $759.8M | −$1.21B | −$56.4M | −$44.6M | −$38.7M | $32.7M | $26.2M |
| Cash from financing activities | −$3.39B | −$3.79B | −$1.78B | −$511.3M | −$603.7M | −$1.50B | −$1.30B | −$360.0M | −$1.27B | −$472.8M |
| Summary | ||||||||||
| Net change in cash | −$429.1M | $101.8M | $49.3M | $359.4M | $169.7M | $200.2M | $218.4M | −$388.4M | $251.3M | $44.6M |
| Cash at end of period | $1.65B | $2.08B | $1.98B | $1.93B | $1.58B | $1.43B | $1.23B | $1.02B | $1.40B | $1.15B |
| Free cash flow | $3.77B | $3.74B | $3.03B | $3.33B | $3.01B | $1.95B | $1.63B | $1.02B | $1.16B | $1.04B |
| Free cash flow margin | 27.7% | 30.8% | 30.9% | 31.7% | 32.6% | 28.2% | 28.0% | 22.4% | 28.8% | 29.9% |
| Capex / revenue | 2.8% | 2.8% | 2.8% | 3.3% | 3.3% | 3.3% | 2.6% | 2.9% | 1.7% | 1.1% |
| Operating cash flow / net income | 0.86 | 1.00 | 1.20 | 5.36 | 4.11 | 1.05 | 1.46 | 0.98 | 1.53 | 1.17 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $1.36B | $1.20B | $1.15B | $1.12B | $1.20B | $1.09B | $824.5M | $945.9M | $836.4M | $601.5M | $582.5M | $741.4M |
| Depreciation & amortization | $98.6M | $99.1M | $99.3M | $97.0M | $96.3M | $98.1M | $103.9M | $95.8M | $101.0M | $99.3M | $99.1M | $102.4M |
| Stock-based compensation | $82.1M | $83.9M | $73.9M | $70.2M | $71.3M | $70.2M | $61.8M | $61.7M | $58.6M | $56.7M | $48.6M | $48.8M |
| Change in working capital | −$691.0M | −$677.0M | $78.1M | −$128.1M | −$136.3M | −$153.7M | −$322.1M | −$34.2M | −$88.8M | $62.1M | −$227.5M | $52.5M |
| Other non-cash items | $53.6M | $406,000 | −$29.4M | $1.5M | −$69.0M | −$30.9M | $181.3M | −$74.0M | −$14.7M | $90.4M | $119.5M | −$61.4M |
| Cash from operating activities | $906.4M | $707.5M | $1.37B | $1.16B | $1.16B | $1.07B | $849.5M | $995.2M | $892.6M | $910.0M | $622.2M | $883.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$89.3M | −$85.2M | −$105.6M | −$95.9M | −$100.4M | −$85.0M | −$92.3M | −$60.4M | −$60.7M | −$71.8M | −$76.8M | −$68.0M |
| Investments (net) | −$83.8M | −$411.6M | −$22.3M | −$410.0M | −$325.3M | −$319.8M | $613.7M | −$171.0M | −$138.8M | −$858.0M | −$88.5M | −$391.7M |
| Acquisitions & other investing | $0 | $2.5M | $15.2M | $95.9M | $100.4M | $85.0M | $92.3M | $60.4M | $60.7M | $71.8M | $76.8M | $68.0M |
| Cash from investing activities | −$173.1M | −$494.3M | −$112.7M | −$410.0M | −$325.3M | −$319.8M | $613.7M | −$171.0M | −$138.8M | −$858.0M | −$88.5M | −$391.7M |
| Financing activities | ||||||||||||
| Dividends paid | −$305.3M | −$248.8M | −$249.7M | −$254.0M | −$254.0M | −$225.8M | −$226.8M | −$198.1M | −$197.5M | −$197.2M | −$196.9M | −$181.5M |
| Share repurchases & issuance (net) | −$571.0M | −$626.0M | −$547.8M | −$545.1M | −$425.7M | −$506.7M | −$650.1M | −$567.4M | −$470.3M | −$372.3M | −$437.8M | −$455.4M |
| Net borrowing (repayment) | −$1.6M | $0 | — | — | $0 | $0 | — | — | — | — | — | — |
| Shares issued | $113.0M | $1,000 | $0 | $0 | $104.0M | $0 | $0 | $0 | $96.5M | $0 | $48.4M | $0 |
| Other financing | −$112.2M | −$4.4M | $49.8M | −$82.7M | −$54.1M | −$2.7M | −$706.1M | −$72.2M | −$47.6M | $708.3M | −$4.7M | −$68.2M |
| Cash from financing activities | −$877.1M | −$879.2M | −$747.6M | −$881.8M | −$629.8M | −$735.2M | −$1.58B | −$837.7M | −$618.9M | $138.9M | −$590.9M | −$705.2M |
| Summary | ||||||||||||
| Net change in cash | −$137.2M | −$665.1M | $505.9M | −$132.7M | $220.9M | $19.7M | −$138.9M | $73,000 | $129.0M | $183.1M | −$46.5M | −$216.3M |
| Cash at end of period | $1.65B | $1.79B | $2.45B | $1.95B | $2.08B | $1.86B | $1.84B | $1.98B | $1.98B | $1.85B | $1.67B | $1.71B |
| Free cash flow | $817.1M | $622.3M | $1.26B | $1.07B | $1.06B | $987.2M | $757.2M | $934.8M | $831.9M | $838.2M | $545.4M | $815.7M |
| Free cash flow margin | 22.3% | 18.2% | 38.3% | 33.2% | 33.5% | 32.2% | 24.6% | 32.9% | 32.4% | 35.6% | 21.9% | 34.0% |
| Capex / revenue | 2.4% | 2.5% | 3.2% | 3.0% | 3.2% | 2.8% | 3.0% | 2.1% | 2.4% | 3.0% | 3.1% | 2.8% |
| Operating cash flow / net income | 0.66 | 0.59 | 1.19 | 1.04 | 0.97 | 0.99 | 1.03 | 1.05 | 1.07 | 1.51 | 1.07 | 1.19 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
KLAC cash generation
In fiscal 2026 (ended June 30, 2026), KLA generated $4.1 billion of cash from operations (up 1.5%) and spent $375.9 million on capital expenditures, leaving free cash flow of $3.8 billion, 27.7% of revenue. It returned $3.3 billion to shareholders through dividends ($1.1 billion) and net share buybacks ($2.3 billion). Cash and equivalents fell by $429.1 million over the year.
Related: KLAC income statement, KLAC balance sheet, KLAC dividend history. See the KLAC stock overview for the latest quote and news.
KLAC cash flow FAQ
What is KLA's free cash flow?
KLA's free cash flow was $3.8 billion in fiscal 2026: $4.1 billion of operating cash flow minus $375.9 million of capital expenditures It was $3.7 billion a year earlier..
How much cash does KLA generate from operations?
KLA generated $4.1 billion of cash from operating activities in fiscal 2026, 0.86 times its net income of $4.8 billion.
How much does KLA spend on capital expenditures?
KLA spent $375.9 million on capital expenditures in fiscal 2026, 2.8% of revenue, compared with $340.2 million the year before.
How much stock does KLA buy back?
KLA spent $2.3 billion on net share repurchases in fiscal 2026.
How much does KLA pay in dividends?
KLA paid $1.1 billion in dividends in fiscal 2026, 28.1% of free cash flow.