Lam Research Corporation (LRCX) financial statements (2023 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0874,4184,9153,6584,5122,3785,039
Cash and cash equivalents5,0874,4184,9153,6584,5122,3785,039
Receivables3,4033,0262,0971,4562,1771,6731,262
Inventory, net of allowances, customer advances and progress billings3,0742,6891,9001,5401,8761,233972
Inventory3,0742,6891,9001,5401,8761,233972
Other undisclosed current assets5391,5181,9411,9075853,8591,942
Total current assets:12,10311,65210,8548,5609,1509,1429,215
Noncurrent Assets
Property, plant and equipment   1,059903686640
Intangible assets, net (including goodwill)1,6021,6221,6531,7021,8031,7971,951
Goodwill1,4901,4901,4841,4851,4851,3861,386
Intangible assets, net (excluding goodwill)112132169217318411565
Regulated entity, other noncurrent assets7      
Restricted cash and investments251252254255256256250
Other noncurrent assets1,2271,061727425368242215
Other undisclosed noncurrent assets1,4961,3031,071    
Total noncurrent assets:4,5834,2403,7063,4413,3302,9803,057
TOTAL ASSETS:16,68515,89214,55912,00112,47912,12312,272
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7232,5491,8651,3231,8201,4341,121
Accounts payable953830592377511465348
Accrued liabilities1,7701,7191,2739471,309969773
Deferred revenue1,134967458
Debt611840667610908949
Deferred revenue and credits720608349
Contract with customer, liability381
Total current liabilities:3,8633,5283,1622,3723,1502,9502,420
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9884,9904,9713,8231,8071,7853,384
Long-term debt, excluding current maturities 4,9614,9593,7681,7601,7793,383
Finance lease, liability 2911
Capital lease obligations284660
Operating lease, liability  124
Other undisclosed long-term debt and lease obligation4,988 (124)27   
Liabilities, other than long-term debt1,3581,3471,2421,084943400366
Accounts payable and accrued liabilities892948910893852120232
Other liabilities46739933319191280135
Total noncurrent liabilities:6,3466,3376,2134,9062,7492,1853,750
Total liabilities:10,2109,8659,3767,2785,8995,1356,169
Temporary equity, carrying amount  114978170208
Stockholders' equity
Stockholders' equity attributable to parent6,4766,0275,1724,6746,5026,8175,895
Common stock0000000
Treasury stock, value(17,294)(15,647)(12,950)(11,603)(7,846)(5,216)(4,429)
Additional paid in capital7,2207,0536,6966,4096,1445,8455,573
Accumulated other comprehensive loss(88)(64)(94)(64)(57)(62)(69)
Retained earnings16,63814,68511,5219,9318,2616,2504,820
Total stockholders' equity:6,4766,0275,1724,6746,5026,8175,895
TOTAL LIABILITIES AND EQUITY:16,68515,89214,55912,00112,47912,12312,272

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues16,52414,62610,0459,65411,0778,0145,886
Revenue, net11,0778,0145,886
Cost of revenue
(Cost of Goods and Services Sold)
(8,874)(7,821)(5,436)(5,295)(5,912)(4,410)(3,267)
Gross profit:7,6506,8054,6094,3585,1653,6032,619
Operating expenses(2,428)(2,323)(1,935)(1,894)(1,952)(1,701)(1,545)
Operating income:5,2224,4822,6742,4653,2131,9021,074
Nonoperating expense
(Other Nonoperating expense)
(53)(111)(99)(18)(62)(90)(114)
Interest and debt expense(196)(209)(177)01(36)(135)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes209209177(0)(1)36135
Income from continuing operations before equity method investments, income taxes:5,1814,3712,5752,4473,1521,812960
Other undisclosed loss from continuing operations before income taxes(13)      
Income from continuing operations before income taxes:5,1684,3712,5752,4473,1521,812960
Income tax expense(578)(462)(323)(255)(771)(114)(46)
Net income available to common stockholders, diluted:4,5903,9082,2522,1912,3811,698914

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:4,5903,9082,2522,1912,3811,698914
Other comprehensive income (loss)(32)30(30)(7)48(12)
Comprehensive income, net of tax, attributable to parent:4,5583,9392,2222,1852,3851,705903

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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