Lam Research Corporation (LRCX) financial statements (2020 and earlier)

Company profile

Business Address 4650 CUSHING BLVD
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End June 30
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0363,6584,5122,3785,0394,0763,066
Cash and cash equivalents3,0363,6584,5122,3785,0391,5021,453
Short-term investments     2,5751,613
Receivables2,0301,4562,1771,6731,2621,094801
Inventory, net of allowances, customer advances and progress billings1,5291,5401,8761,233972943741
Inventory1,5291,5401,8761,233972943741
Other undisclosed current assets1,8601,9075853,8591,942157177
Total current assets:8,4558,5609,1509,1429,2156,2714,784
Noncurrent Assets
Finance lease, right-of-use asset19
Operating lease, right-of-use asset102
Property, plant and equipment 1,059903686640621543
Intangible assets, net (including goodwill)1,6781,7021,8031,7971,9512,1162,360
Goodwill1,4851,4851,4851,3861,3861,3881,466
Intangible assets, net (excluding goodwill)193217318411565728894
Regulated entity, other noncurrent assets5      
Restricted cash and investments254255256256250171146
Other noncurrent assets480425368242215186159
Assets held-for-sale, long lived83
Other undisclosed noncurrent assets922     (83)
Total noncurrent assets:3,4593,4413,3302,9803,0573,0943,210
TOTAL ASSETS:11,91412,00112,47912,12312,2729,3657,993
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5671,3231,8201,4341,1211,037922
Accounts payable453377511465348300224
Accrued liabilities1,1149471,309969773649604
Taxes payable     3994
Interest and dividends payable     48 
Deferred revenue366
Debt6326676109089491,360518
Deferred compensation liability     315311
Deferred revenue and credits720608349322236
Contract with customer, liability381
Other undisclosed current liabilities     (401)(405)
Total current liabilities:2,5662,3723,1502,9502,4202,6311,582
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7863,8231,8071,7853,3841,001817
Long-term debt, excluding current maturities3,7743,7681,7601,7793,383 807
Finance lease, liability12
Capital lease obligations284660710
Operating lease, liability70
Other undisclosed long-term debt and lease obligation(70)27   994 
Liabilities, other than long-term debt1,1451,084943400366590639
Accounts payable and accrued liabilities873893852120232203 
Accrued income taxes258
Liability for uncertainty in income taxes     203258
Other liabilities27219191280135184123
Other undisclosed noncurrent liabilities     (203)(258)
Total noncurrent liabilities:4,9314,9062,7492,1853,7501,3881,198
Total liabilities:7,4967,2785,8995,1356,1694,0202,780
Temporary equity, carrying amount384978170208242183
Stockholders' equity
Stockholders' equity attributable to parent4,3794,6746,5026,8175,8955,1035,030
Common stock0000000
Treasury stock, value(12,673)(11,603)(7,846)(5,216)(4,429)(4,303)(3,757)
Additional paid in capital6,5296,4096,1445,8455,5735,3675,240
Accumulated other comprehensive loss(60)(64)(57)(62)(69)(58)(29)
Retained earnings10,5849,9318,2616,2504,8204,0973,576
Total stockholders' equity:4,3794,6746,5026,8175,8955,1035,030
TOTAL LIABILITIES AND EQUITY:11,91412,00112,47912,12312,2729,3657,993

Income statement (P&L) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues9,5499,65411,0778,0145,8865,2594,607
Revenue, net11,0778,0145,8865,2594,607
Cost of revenue
(Cost of Goods and Services Sold)
(5,233)(5,295)(5,912)(4,410)(3,267)(2,975)(2,600)
Gross profit:4,3174,3585,1653,6032,6192,2842,007
Operating expenses(1,910)(1,894)(1,952)(1,701)(1,545)(1,496)(1,330)
Operating income:2,4072,4653,2131,9021,074788678
Nonoperating income (expense)13(18)(62)(90)(114)(26)(23)
Investment income, nonoperating     1913
Other nonoperating income (expense)13(18)(62)(90)(114)(47)(37)
Interest and debt expense(45)01(36)(135)(74)(62)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)(0)(1)3613552131
Income from continuing operations before equity method investments, income taxes:2,3742,4473,1521,812960741723
Other undisclosed income from continuing operations before income taxes18      
Income from continuing operations before income taxes:2,3932,4473,1521,812960741723
Income tax expense(323)(255)(771)(114)(46)(85)(91)
Net income available to common stockholders, diluted:2,0702,1912,3811,698914656632

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:2,0702,1912,3811,698914656632
Other comprehensive income (loss)4(7)48(12)(29)0
Comprehensive income, net of tax, attributable to parent:2,0742,1852,3851,705903626632

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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