Lam Research Corporation (LRCX) · 37 Years of Financial statements

Income Statement

Revenue

34

26

75

126

137

138

166

261

485

798

1,254

1,002

1,053

648

1,231

1,520

943

755

936

1,502

1,642

2,567

2,475

1,116

2,134

3,238

2,665

3,599

4,607

5,259

5,886

8,014

11,077

9,654

10,045

14,626

17,227

COGS

16

11

35

65

70

71

76

127

248

419

663

689

647

415

691

862

677

451

505

738

815

1,262

1,302

727

1,164

1,740

1,581

2,196

2,600

2,975

3,267

4,410

5,912

5,295

5,436

7,821

9,355

Gross Profit

19

15

40

61

67

89

133

237

379

591

313

406

233

540

657

266

304

431

764

827

1,305

1,173

389

970

1,497

1,084

1,403

2,007

2,284

2,619

3,603

5,165

4,358

4,609

6,805

7,872

Gross Profit Ratio

54.07%

56.86%

53.20%

48.41%

48.87%

48.62%

53.86%

51.17%

48.94%

47.53%

47.12%

31.22%

38.58%

36.02%

43.84%

43.26%

28.21%

40.23%

46.05%

50.86%

50.38%

50.85%

47.41%

34.83%

45.46%

46.24%

40.68%

38.99%

43.57%

43.43%

44.49%

44.97%

46.63%

45.15%

45.88%

46.53%

45.69%

Operating Expenses

19

20

37

52

79

64

80

110

186

261

378

368

376

288

340

442

341

293

317

359

421

542

656

529

523

681

845

1,283

1,330

1,417

1,545

1,701

1,952

1,894

1,935

2,323

2,490

R&D Expenses

- -

76

128

173

171

206

142

177

227

179

160

170

194

229

285

324

288

321

373

445

684

716

825

914

1,034

1,190

1,191

1,252

1,493

1,604

Selling, G&A Exp.

18

34

49

56

59

71

97

91

146

228

197

202

146

161

219

162

133

146

165

192

241

288

238

202

308

400

599

613

592

631

667

762

702

682

830

886

General and Admin. Exp.

- -

238

- -

308

- -

Selling and Marketing Exp.

- -

Other Expenses

1

2

3

4

23

5

9

13

18

(12)

(23)

- -

(32)

- -

2

(4)

- -

16

44

3

- -

COGS and Expenses

35

31

72

117

149

135

156

237

433

680

1,041

1,057

1,023

703

1,032

1,304

1,018

745

821

1,097

1,236

1,804

1,957

1,256

1,687

2,422

2,426

3,479

3,930

4,392

4,812

6,111

7,864

7,189

7,371

10,144

11,845

Interest Income

- -

24

9

16

12

15

13

19

30

58

86

99

85

20

15

Interest Expense

- -

6

1

5

39

60

62

74

135

118

97

117

177

209

185

Depreciation and Amortization

1

2

3

4

5

6

9

13

18

24

34

53

62

51

46

59

64

45

35

30

25

37

55

72

71

75

101

304

292

278

291

307

326

309

269

307

334

EBITDA

3

(2)

7

16

(4)

14

22

40

76

151

243

(12)

(117)

(62)

283

171

(64)

29

146

429

466

885

632

(184)

503

881

344

431

1,077

1,092

1,386

2,236

3,576

2,873

3,021

4,887

5,712

EBITDA ratio

8.72%

(9.41)%

9.07%

12.78%

(2.77)%

9.86%

13.53%

15.24%

15.59%

18.91%

19.36%

(1.21)%

(11.10)%

(9.57)%

22.98%

11.27%

(6.75)%

3.88%

15.60%

28.54%

28.38%

34.49%

25.52%

(16.50)%

23.55%

27.21%

12.91%

11.98%

23.38%

20.77%

23.55%

27.91%

32.28%

29.76%

30.07%

33.41%

33.15%

Operating Income

(1)

(5)

3

9

(12)

3

9

24

52

118

213

(64)

(181)

(113)

230

187

(120)

(5)

106

391

406

779

509

(281)

425

804

238

118

678

788

1,074

1,902

3,213

2,465

2,674

4,482

5,382

Operating Income ratio

(2.03)%

(20.39)%

3.60%

6.90%

(8.67)%

2.46%

5.56%

9.06%

10.62%

14.83%

16.98%

(6.36)%

(17.19)%

(17.47)%

18.67%

12.27%

(12.71)%

(0.71)%

11.34%

26.02%

24.74%

30.34%

20.58%

(25.20)%

19.94%

24.84%

8.92%

3.28%

14.71%

14.98%

18.25%

23.74%

29.01%

25.53%

26.62%

30.64%

31.24%

Total Other Income Exp.(Gains)

3

1

4

5

4

3

6

9

(4)

(1)

2

0

7

15

(8)

(10)

4

8

35

69

68

18

5

(3)

(33)

(51)

46

(47)

(114)

(90)

(62)

(18)

(99)

(111)

(189)

Income Before Tax

2

(4)

4

13

(8)

8

14

27

57

127

209

(65)

(179)

(113)

237

202

(128)

(16)

111

399

441

848

577

(263)

430

801

204

67

723

741

960

1,812

3,152

2,447

2,575

4,371

5,193

Income Before Tax ratio

5.52%

(15.29)%

5.20%

9.92%

(6.12)%

5.87%

8.21%

10.36%

11.80%

15.97%

16.67%

(6.51)%

(17.02)%

(17.43)%

19.24%

13.27%

(13.57)%

(2.07)%

11.82%

26.56%

26.87%

33.03%

23.31%

(23.58)%

20.16%

24.74%

7.67%

1.85%

15.70%

14.09%

16.31%

22.61%

28.45%

25.34%

25.64%

29.88%

30.15%

Income Tax Expense (Gain)

0

(1)

2

3

0

2

4

8

19

38

68

(32)

(35)

- -

32

60

(38)

(8)

28

100

106

162

138

39

83

77

36

(47)

91

85

46

114

771

255

323

462

588

Net Income

2

(3)

2

9

(9)

6

10

19

38

89

141

(34)

(145)

(113)

205

52

(90)

(8)

83

299

336

686

439

(302)

347

724

169

114

632

656

914

1,698

2,381

2,191

2,252

3,908

4,605

Net Income Ratio

4.94%

(10.59)%

3.07%

7.38%

(6.41)%

4.42%

5.98%

7.26%

7.80%

11.18%

11.25%

(3.36)%

(13.74)%

(17.43)%

16.64%

3.43%

(9.55)%

(1.02)%

8.87%

19.92%

20.45%

26.72%

17.75%

(27.08)%

16.25%

22.35%

6.33%

3.16%

13.72%

12.47%

15.53%

21.19%

21.49%

22.70%

22.42%

26.72%

26.73%

EPS

0.05

(0.08)

0.05

0.19

(0.17)

0.11

0.16

0.26

0.49

1.09

1.64

(0.37)

(1.27)

(0.98)

1.69

0.42

(0.71)

(0.06)

0.63

2.17

2.42

4.94

3.52

(2.41)

2.73

5.86

1.36

0.67

3.84

4.11

5.75

10.47

14.73

14.37

15.55

27.22

32.92

EPS Diluted

0.05

(0.08)

0.05

0.19

(0.17)

0.11

0.16

0.26

0.44

1.02

1.56

(0.37)

(1.27)

(0.98)

1.53

0.39

(0.71)

(0.06)

0.59

2.10

2.34

4.85

3.47

(2.41)

2.71

5.79

1.35

0.66

3.62

3.70

5.22

9.24

13.17

13.70

15.10

26.90

32.75

Weighted Avg. Shares Outs.

34

46

49

52

55

62

73

77

82

86

92

114

115

121

124

126

132

138

139

125

126

127

124

169

165

160

159

162

152

145

144

140

Weighted Avg. Shares Outs. Dil.

34

46

49

52

55

62

73

86

91

93

92

114

115

143

132

126

145

142

144

142

127

126

128

125

173

175

177

175

184

181

160

149

145

141

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

- -

44

63

126

14

38

70

222

172

167

163

482

911

574

733

374

546

1,492

1,565

1,162

1,453

1,502

5,039

2,378

4,512

3,658

4,915

4,418

3,522

Short-Term Investments

- -

57

68

39

384

274

302

643

702

340

266

327

140

97

326

205

281

630

1,298

1,335

1,613

2,575

1,789

3,664

437

1,773

1,795

1,311

136

Cash & Short-Term Investments

- -

101

130

164

397

312

372

865

874

507

429

809

1,050

671

1,059

579

826

2,122

2,863

2,497

3,066

4,076

6,828

6,041

4,950

5,431

6,710

5,729

3,658

Net Receivables

- -

196

257

223

176

171

324

249

132

108

246

232

407

410

412

254

500

591

766

603

801

1,094

1,262

1,673

2,177

1,456

2,097

3,026

4,314

Inventory

- -

171

322

254

221

184

227

285

181

112

108

110

169

235

282

233

318

397

633

559

741

943

972

1,233

1,876

1,540

1,900

2,689

3,966

Other Current Assets

- -

58

67

105

103

73

98

178

168

146

113

94

80

100

164

129

112

167

154

135

177

157

153

195

147

134

146

208

347

Total Current Assets

- -

526

777

746

897

739

1,021

1,577

1,355

873

896

1,245

1,706

1,416

1,918

1,196

1,757

3,277

4,415

3,794

4,784

6,271

9,215

9,142

9,150

8,560

10,854

11,652

12,285

PP&E

- -

118

171

185

144

103

119

127

67

49

42

41

50

114

236

216

200

270

585

604

543

621

640

686

903

1,059

1,071

1,303

1,648

Goodwill

- -

60

281

169

1,446

1,452

1,466

1,388

1,386

1,485

1,484

1,490

1,515

Intangible Assets

- -

71

122

92

68

47

1,240

1,074

894

728

565

411

318

217

169

132

102

Goodwill and Intangible Assets

- -

131

403

261

237

217

2,687

2,527

2,360

2,116

1,951

1,797

1,803

1,702

1,653

1,622

1,617

Investments

- -

178

165

- -

Tax Assets

- -

26

52

- -

86

87

107

43

39

27

20

17

26

4

- -

Other Non-Current Assets

- -

39

22

35

83

85

105

168

123

190

153

120

519

413

230

84

102

124

318

326

306

357

466

498

624

680

981

1,314

1,646

Total Non-Current Assets

- -

157

193

219

254

241

224

295

277

325

302

204

607

685

889

756

731

781

3,590

3,456

3,210

3,094

3,057

2,980

3,330

3,441

3,706

4,240

4,910

Other Assets

- -

Total Assets

- -

683

969

965

1,151

979

1,245

1,872

1,632

1,198

1,199

1,449

2,313

2,102

2,807

1,952

2,487

4,057

8,005

7,250

7,993

9,365

12,272

12,123

12,479

12,001

14,559

15,892

17,196

Accounts Payable

- -

83

113

114

68

51

77

57

60

36

93

60

109

118

89

50

121

164

259

200

224

300

348

465

511

377

592

830

1,011

Short-Term Debt

- -

8

38

56

17

21

- -

315

5

3

- -

30

5

511

515

518

1,360

949

908

610

667

840

11

7

Tax Payable

- -

103

- -

51

25

39

94

39

87

95

185

50

216

348

466

Deferred Revenue

- -

191

128

46

123

157

165

225

236

322

349

608

720

381

458

967

1,572

Other Current Liabilities

- -

99

156

160

208

172

211

443

222

176

281

319

458

364

390

137

309

308

467

425

510

610

686

874

1,124

897

1,057

1,371

1,509

Total Current Liabilities

- -

189

307

329

294

244

288

500

598

217

377

379

566

673

638

341

559

684

1,427

1,404

1,582

2,631

2,420

2,950

3,150

2,372

3,162

3,528

4,565

Long-Term Debt

- -

96

53

46

334

327

322

660

360

332

10

3

350

250

276

41

18

738

762

789

817

1,001

3,384

1,785

1,807

3,823

4,971

4,984

4,994

Deferred Revenue

- -

Deferred Tax Liabilities

- -

3

- -

103

- -

Other Non-Current Liabilities

- -

(1)

- -

1

2

109

14

143

165

494

381

387

366

400

943

1,084

1,242

1,353

1,359

Total Non-Current Liabilities

- -

99

53

46

334

327

321

659

360

332

10

3

351

252

385

158

161

903

1,256

1,170

1,198

1,388

3,750

2,185

2,749

4,906

6,213

6,337

6,353

Other Liabilities

- -

Capital Lease Obligations

- -

15

41

43

Total Liabilities

- -

287

360

375

628

570

609

1,159

957

549

386

382

917

925

1,023

499

719

1,588

2,683

2,575

2,780

4,020

6,169

5,135

5,899

7,278

9,376

9,865

10,917

Preferred Stock

- -

Common Stock

- -

0

- -

0

Retained Earnings

- -

171

312

278

142

29

227

254

157

144

221

520

850

1,469

1,926

1,624

1,966

2,690

2,859

2,973

3,576

4,097

4,820

6,250

8,261

9,931

11,521

14,685

18,455

Other Compreh. Income(Loss)

- -

(53)

(84)

(116)

(151)

(126)

(16)

(36)

(200)

(16)

(17)

(12)

(11)

(4)

11

(53)

(70)

10

(34)

(29)

(58)

(69)

(62)

(57)

(64)

(94)

(64)

(110)

Other Total Stockhold. Equity

- -

278

382

428

532

506

424

494

718

522

608

559

557

(289)

(159)

(118)

(128)

(230)

2,497

1,732

1,666

1,306

1,351

799

(1,624)

(5,144)

(6,243)

(8,594)

(12,067)

Total Stockholders Equity

- -

395

610

591

523

409

635

712

675

649

812

1,067

1,396

1,176

1,779

1,453

1,768

2,470

5,322

4,676

5,213

5,345

6,102

6,987

6,580

4,723

5,183

6,027

6,278

Total Liab.&Stockhold. Equity

- -

683

969

965

1,151

979

1,244

1,871

1,632

1,198

1,199

1,449

2,313

2,102

2,801

1,952

2,487

4,057

8,005

7,250

7,993

9,365

12,272

12,123

12,479

12,001

14,559

15,892

17,196

Minority Interest

- -

Total Liabilities & Equity

- -

683

969

965

1,151

979

1,244

1,871

1,632

1,198

1,199

1,449

2,313

2,102

2,801

1,952

2,487

4,057

8,005

7,250

7,993

9,365

12,272

12,123

12,479

12,001

14,559

15,892

17,196

SEC Link

Link

Cash Flow Statement

Net Income

- -

9

(9)

6

10

19

38

89

141

(34)

(145)

(113)

205

52

(90)

(8)

83

299

336

686

439

(302)

347

- -

169

114

632

656

914

1,698

2,381

2,191

2,252

3,908

4,605

Depreciation and Amortization

- -

4

5

6

9

13

18

24

34

53

62

51

46

59

64

45

35

30

25

37

55

72

71

75

101

304

292

278

291

307

326

309

269

307

334

Deferred Income Tax

- -

(2)

(3)

3

1

(3)

(13)

(22)

(24)

(26)

(4)

19

(7)

(34)

(9)

11

89

28

17

(27)

31

14

18

42

(70)

8

6

(49)

105

3

(5)

(18)

(151)

(257)

Stock Based Compensation

- -

53

50

53

82

99

104

135

142

150

172

187

189

220

259

Change in Working Capital

- -

(15)

(3)

(15)

(17)

(38)

(37)

(81)

(127)

85

56

(11)

(126)

44

(27)

7

25

(8)

(60)

29

74

(95)

(160)

22

66

200

(293)

(421)

(52)

(311)

(317)

492

(572)

(679)

(1,796)

Accounts Receivable

- -

152

(247)

(90)

66

163

(202)

(294)

(169)

(411)

(502)

732

(642)

(929)

(1,288)

Inventory

- -

(10)

(13)

(8)

(4)

(37)

(51)

(56)

(151)

61

4

34

(45)

(73)

97

63

5

(3)

(59)

(56)

20

46

(80)

(77)

74

76

(190)

(207)

(66)

(308)

(701)

281

(412)

(793)

(1,351)

Accounts Payable

- -

(39)

72

42

12

(58)

19

77

42

127

36

(131)

208

185

168

Other Working Capital

- -

(9)

60

11

86

27

258

112

(178)

76

508

605

Other Non-Cash Items

- -

0

15

0

(0)

- -

104

39

(23)

113

108

34

3

16

32

54

49

163

28

713

39

73

(26)

132

104

81

91

2

7

(17)

(45)

Cash Provided by Operating Activities

- -

(4)

4

(0)

3

(10)

6

19

27

80

51

(37)

120

261

22

69

157

426

361

824

590

(78)

351

881

499

720

717

786

1,350

2,029

2,656

3,176

2,126

3,588

3,100

CAPEX

- -

(6)

(10)

(13)

(9)

(14)

(19)

(63)

(67)

(40)

(50)

(33)

(50)

(64)

(11)

(12)

(24)

(23)

(42)

(60)

(77)

(44)

(36)

(127)

(107)

(161)

(146)

(198)

(175)

(157)

(273)

(303)

(203)

(349)

(546)

Acquisitions Net

- -

(181)

(483)

(19)

- -

419

(10)

(30)

40

- -

(116)

- -

Purchases of Investments

- -

(7)

- -

(24)

(348)

(406)

(589)

(8,249)

(3,771)

(4,305)

(1,359)

(2,745)

(719)

(463)

(247)

(129)

(1,058)

(311)

(213)

(195)

(565)

(894)

(1,098)

(1,312)

(3,089)

(875)

(4,582)

(2,533)

(2,930)

(2,898)

(3,389)

(568)

Sales/Maturities of Investments

- -

11

- -

290

433

618

7,920

3,881

4,277

1,018

2,669

1,027

530

184

312

1,106

330

383

128

211

841

1,040

1,028

2,137

1,674

2,698

5,686

1,604

2,883

3,854

1,734

Other Investing Activities

- -

0

- -

(0)

(3)

(8)

(3)

(8)

(12)

(60)

(7)

(14)

(22)

(2)

1

6

27

(385)

110

45

(145)

(36)

2

(96)

(170)

49

(194)

(206)

(175)

(289)

(311)

(229)

(391)

(554)

Cash Used for Investing Activities

- -

(2)

(10)

(13)

(9)

(17)

(51)

(125)

(48)

(22)

(439)

70

(92)

(428)

(88)

296

49

(59)

(244)

(83)

(496)

6

(103)

(480)

270

(239)

(265)

(1,106)

592

(2,059)

2,748

(1,637)

(244)

73

612

Debt Repayment

- -

(256)

(21)

(186)

(5)

(2)

(451)

(1,688)

(1,506)

(479)

(1,918)

(862)

(12)

Common Stock Issued

- -

1

6

1

35

2

3

122

7

13

20

18

60

31

36

27

77

115

195

61

21

32

31

34

82

71

78

66

59

73

85

8

24

6

Common Stock Repurchased

- -

(19)

(32)

(45)

(11)

(39)

- -

(167)

(251)

(1,084)

(15)

(31)

(93)

(211)

(773)

(956)

(245)

(573)

(158)

(812)

(2,653)

(3,781)

(1,370)

(2,698)

(3,866)

Dividends Paid

- -

(116)

(190)

(243)

(308)

(678)

(657)

(727)

(815)

Other Financing Activities

- -

12

1

9

(15)

66

(1)

3

33

(9)

240

(8)

(20)

336

(9)

(361)

(289)

- -

367

(55)

59

(6)

11

890

3

(1)

6

1,003

2,337

39

1,110

2,464

3,312

96

108

Cash Used/Provided by Financing Activities

- -

13

7

10

20

68

2

125

40

5

260

(8)

8

322

16

(373)

(212)

(52)

311

(1,078)

66

(261)

(73)

527

(693)

(888)

(163)

378

1,596

(2,632)

(3,272)

(2,390)

(624)

(4,167)

(4,579)

Effect of Forex Changes on Cash

- -

(4)

1

3

2

4

1

(2)

(25)

(3)

18

(3)

4

1

(9)

(1)

(0)

3

(4)

(3)

7

(30)

Net Change In Cash

- -

13

7

10

20

68

(43)

20

19

63

(127)

24

32

152

(49)

(5)

(4)

319

429

(337)

159

(358)

172

946

73

(402)

290

49

3,538

(2,662)

2,135

(855)

1,256

(498)

(897)

Cash at the End of Period

- -

24

44

63

126

14

38

70

222

172

167

163

482

911

574

733

374

546

1,492

1,565

1,162

1,453

1,502

5,039

2,378

4,512

3,913

5,169

4,671

3,774

Cash at the Beginning of Period

- -

7

15

16

12

26

67

24

44

63

141

14

38

70

222

172

167

163

482

911

574

733

374

546

1,492

1,565

1,162

1,453

1,502

5,039

2,378

4,769

3,913

5,169

4,671

Free Cash Flow

- -

(10)

(6)

(13)

(6)

(24)

(13)

(44)

(40)

41

1

(70)

69

197

11

57

133

403

319

764

514

(122)

315

754

392

559

572

587

1,175

1,872

2,382

2,873

1,923

3,239

2,554

SEC Link

Link

Forex Rate

- -

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