Lam Research Corporation (LRCX) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6874,9153,6584,5122,3785,0394,076
Cash and cash equivalents3,6874,9153,6584,5122,3785,0391,502
Short-term investments      2,575
Receivables2,9002,0971,4562,1771,6731,2621,094
Inventory, net of allowances, customer advances and progress billings2,3491,9001,5401,8761,233972943
Inventory2,3491,9001,5401,8761,233972943
Other undisclosed current assets2,5311,9411,9075853,8591,942157
Total current assets:11,46810,8548,5609,1509,1429,2156,271
Noncurrent Assets
Property, plant and equipment  1,059903686640621
Intangible assets, net (including goodwill)1,6411,6531,7021,8031,7971,9512,116
Goodwill1,4851,4841,4851,4851,3861,3861,388
Intangible assets, net (excluding goodwill)156169217318411565728
Regulated entity, other noncurrent assets8      
Restricted cash and investments253254255256256250171
Other noncurrent assets800727425368242215186
Other undisclosed noncurrent assets1,2001,071     
Total noncurrent assets:3,9023,7063,4413,3302,9803,0573,094
TOTAL ASSETS:15,37014,55912,00112,47912,12312,2729,365
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2021,8651,3231,8201,4341,1211,037
Accounts payable722592377511465348300
Accrued liabilities1,4791,2739471,309969773649
Taxes payable      39
Interest and dividends payable      48
Deferred revenue556458
Debt8338406676109089491,360
Deferred compensation liability      315
Deferred revenue and credits720608349322
Contract with customer, liability381
Other undisclosed current liabilities      (401)
Total current liabilities:3,5913,1622,3723,1502,9502,4202,631
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9924,9713,8231,8071,7853,3841,001
Long-term debt, excluding current maturities4,9604,9593,7681,7601,7793,383 
Finance lease, liability 11
Capital lease obligations2846607
Operating lease, liability 124
Other undisclosed long-term debt and lease obligation32(124)27   994
Liabilities, other than long-term debt1,2781,2421,084943400366590
Accounts payable and accrued liabilities902910893852120232203
Liability for uncertainty in income taxes      203
Other liabilities37633319191280135184
Other undisclosed noncurrent liabilities      (203)
Total noncurrent liabilities:6,2716,2134,9062,7492,1853,7501,388
Total liabilities:9,8629,3767,2785,8995,1356,1694,020
Temporary equity, carrying amount6114978170208242
Stockholders' equity
Stockholders' equity attributable to parent5,5035,1724,6746,5026,8175,8955,103
Common stock0000000
Treasury stock, value(14,136)(12,950)(11,603)(7,846)(5,216)(4,429)(4,303)
Additional paid in capital6,8556,6966,4096,1445,8455,5735,367
Accumulated other comprehensive loss(56)(94)(64)(57)(62)(69)(58)
Retained earnings12,84011,5219,9318,2616,2504,8204,097
Total stockholders' equity:5,5035,1724,6746,5026,8175,8955,103
TOTAL LIABILITIES AND EQUITY:15,37014,55912,00112,47912,12312,2729,365

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues11,92910,0459,65411,0778,0145,8865,259
Revenue, net11,0778,0145,8865,259
Cost of revenue
(Cost of Goods and Services Sold)
(6,371)(5,436)(5,295)(5,912)(4,410)(3,267)(2,975)
Gross profit:5,5574,6094,3585,1653,6032,6192,284
Operating expenses(2,137)(1,935)(1,894)(1,952)(1,701)(1,545)(1,496)
Operating income:3,4212,6742,4653,2131,9021,074788
Nonoperating expense(141)(99)(18)(62)(90)(114)(26)
Investment income, nonoperating      19
Other nonoperating expense(141)(99)(18)(62)(90)(114)(47)
Interest and debt expense(195)(177)01(36)(135)(74)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes177177(0)(1)3613552
Income from continuing operations before equity method investments, income taxes:3,2622,5752,4473,1521,812960741
Other undisclosed income from continuing operations before income taxes18      
Income from continuing operations before income taxes:3,2802,5752,4473,1521,812960741
Income tax expense(316)(323)(255)(771)(114)(46)(85)
Net income available to common stockholders, diluted:2,9642,2522,1912,3811,698914656

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:2,9642,2522,1912,3811,698914656
Other comprehensive income (loss)4(30)(7)48(12)(29)
Comprehensive income, net of tax, attributable to parent:2,9682,2222,1852,3851,705903626

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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