Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a) The following documents are filed as part of this Annual Report on Form 10-K:

Financial Statements:

The following financial statements and schedules of the Registrant are contained in Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K:



Consolidated Balance Sheets as of June 30, 2019 and June 30, 2018	62
Consolidated Statements of Operations for each of the three years in the period ended June 30, 2019	63
Consolidated Statements of Comprehensive Income for each of the three years in the period ended June 30, 2019	64
Consolidated Statements of Stockholders’ Equity for each of the three years in the period ended June 30, 2019	65
Consolidated Statements of Cash Flows for each of the three years in the period ended June 30, 2019	66
Notes to Consolidated Financial Statements	67
Report of Independent Registered Public Accounting Firm	116

Financial Statement Schedule:

The following financial statement schedule of the Registrant is filed as part of this Annual Report on Form 10-K and should be read in conjunction with the financial statements:



Schedule II—Valuation and Qualifying Accounts for the years ended June 30, 2019, 2018 and 2017	125

All other schedules are omitted because they are either not applicable or the required information is shown in the Consolidated Financial Statements or notes thereto.

Exhibits

The information required by this Item is set forth in the Exhibit Index following Schedule II included in this Annual Report.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



		KLA Corporation

August 16, 2019	By:	/S/ RICHARD P. WALLACE
(Date)		Richard P. Wallace
		President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



Signature	Title	Date

/s/ RICHARD P. WALLACE	President, Chief Executive Officer and Director (principal executive officer)	August 16, 2019
Richard P. Wallace

/s/ BREN D. HIGGINS	Executive Vice President and Chief Financial Officer (principal financial officer)	August 16, 2019
Bren D. Higgins

/s/ VIRENDRA A. KIRLOSKAR	Senior Vice President and Chief Accounting Officer (principal accounting officer)	August 16, 2019
Virendra A. Kirloskar

/s/ EDWARD W. BARNHOLT	Chairman of the Board and Director	August 15, 2019
Edward W. Barnholt

/s/ ROBERT M. CALDERONI	Director	August 14, 2019
Robert M. Calderoni

/s/ JOHN T. DICKSON	Director	August 14, 2019
John T. Dickson

/s/ JENEANNE HANLEY	Director	August 15, 2019
Jeneanne Hanley

/s/ EMIKO HIGASHI	Director	August 15, 2019
Emiko Higashi

/s/ KEVIN J. KENNEDY	Director	August 15, 2019
Kevin J. Kennedy

/s/ GARY B. MOORE	Director	August 15, 2019
Gary B. Moore

/s/ KIRAN M. PATEL	Director	August 14, 2019
Kiran M. Patel

	Director
Victor Peng

/s/ ANA G. PINCZUK	Director	August 14, 2019
Ana G. Pinczuk

/s/ ROBERT A. RANGO	Director	August 15, 2019
Robert A. Rango

SCHEDULE II

Valuation and Qualifying Accounts



(In thousands)	Balance at Beginning of Period		Charged to Expense		Deductions/ Adjustments			Balance at End of Period
Fiscal Year Ended June 30, 2017:
Allowance for Doubtful Accounts	$	21,672	$	—	$	(36	)	$	21,636
Allowance for Deferred Tax Assets	$	104,968	$	—	$	15,740		$	120,708
Fiscal Year Ended June 30, 2018:
Allowance for Doubtful Accounts	$	21,636	$	—	$	(9,997	)	$	11,639
Allowance for Deferred Tax Assets	$	120,708	$	1,152	$	41,710		$	163,570
Fiscal Year Ended June 30, 2019:
Allowance for Doubtful Accounts	$	11,639	$	364	$	(2	)	$	12,001
Allowance for Deferred Tax Assets	$	163,570	$	—	$	3,001		$	166,571

KLA CORPORATION

EXHIBIT INDEX



Exhibit Number	Exhibit Description	Incorporated by Reference
Form	File No.	Exhibit Number	Filing Date
3.1	Restated Certificate of Incorporation
3.4	Amended and Restated Bylaws of the Company effective as of July 15, 2019	8-K	No. 000-09992	3.2	July 16, 2019
4.1	Indenture dated November 6, 2014 between KLA-Tencor Corporation and Wells Fargo Bank, National Association, as trustee	8-K	No. 000-09992	4.1	November 7, 2014
4.2	Form of Officer’s Certificate setting forth the terms of the Notes (with form of Notes attached)	8-K	No. 000-09992	4.2	November 7, 2014
4.2	Form of Officer’s Certificate setting forth the terms of the 4.100% Senior Notes due 2029 and 5.000% Senior Notes due 2049 (with form of Notes attached)	8-K	No. 000-09992	4.2	March 20, 2019
10.1	2004 Equity Incentive Plan (as amended and restated (as of November 7, 2018))*	S-8	No. 228283	10.1	November 8, 2018
10.2	Notice of Grant of Restricted Stock Units*	10-Q	No. 000-09992	10.18	May 4, 2006
10.3	Form of Restricted Stock Unit Award Notification (Performance-Vesting) (approved August 2014)*	8-K	No. 000-09992	10.49	August 12, 2014
10.4	Form of Restricted Stock Unit Award Notification (Service-Vesting) (approved August 2012)*	8-K	No. 000-09992	10.1	August 2, 2012
10.5	Form of Restricted Stock Unit Award Notification (Service-Vesting; 25% Annual Vesting) (approved August 2014)*	8-K	No. 000-09992	10.50	August 12, 2014
10.6	Form of Restricted Stock Unit Award Notification (Service-Vesting; 50% Vesting Year Two, 50% Vesting Year Four) (approved August 2014)*	8-K	No. 000-09992	10.51	August 12, 2014
10.7	Form of Restricted Stock Unit Agreement for U.S. Employees (with Dividend Equivalents) (approved August 2014)*	8-K	No. 000-09992	10.46	August 12, 2014
10.8	Form of Restricted Stock Unit Agreement for Non-U.S. Employees (with Dividend Equivalents) (approved August 2014)*	8-K	No. 000-09992	10.48	August 12, 2014
10.9	Executive Deferred Savings Plan (as amended and restated effective July 31, 2019)*
10.10	Credit Agreement, dated as of November 30, 2017 among KLA-Tencor Corporation, the lenders from time to time and JPMorgan Chase Bank, N.A., as administrative agent	8-K	No. 000-09992	10.1	November 30, 2017
10.11	Amended and Restated Executive Severance Plan*	8-K	No. 000-09992	10.1	October 20, 2016
10.12	Amended and Restated 2010 Executive Severance Plan	10-Q	No. 000-09992	10.45	October 22, 2015
10.13	Calendar Year 2019 Executive Incentive Plan*+
10.14	Equity Remuneration Plan for Key Employees of Orbotech Ltd. and its Affiliates and Subsidiaries*	S-8	No. 333-230112	10.1	March 7, 2019



Exhibit Number	Exhibit Description	Incorporated by Reference
Form	File No.	Exhibit Number	Filing Date
10.15	Orbotech Ltd. 2010 Equity-Based Incentive Plan*	S-8	No. 333-230112	10.2	March 7, 2019
10.16	Orbotech Ltd. 2015 Equity-Based Incentive Plan*	S-8	No. 333-230112	10.3	March 7, 2019
10.17	Employment Agreement dated February 20, 2019 by and between Orbotech Ltd. and Amichai Steimberg*+	10-Q	No. 000-09992	10.1	May 8, 2019
10.18	Employment Agreement dated February 20, 2019 by and between Orbotech Ltd. and Asher Levy*+	10-Q	No. 000-0992	10.2	May 8, 2019
21.1	List of Subsidiaries
23.1	Consent of Independent Registered Public Accounting Firm
31.1	Certification of Chief Executive Officer under Rule 13a-14(a) of the Securities Exchange Act of 1934
31.2	Certification of Chief Financial Officer under Rule 13a-14(a) of the Securities Exchange Act of 1934
32	Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document



*	Denotes a management contract, plan or arrangement.



+	Confidential treatment has been requested as to a portion of this exhibit.

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