Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Lam Research Corp., adjusted current assets

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Current assets	13,228,412)	12,285,235)	11,652,387)	10,853,535)	8,560,409)	9,149,911)
Adjustments
Add: Allowance	5,344)	5,606)	5,255)	5,465)	5,021)	5,343)
After Adjustment
Adjusted current assets	13,233,756)	12,290,841)	11,657,642)	10,859,000)	8,565,430)	9,155,254)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

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Lam Research Corp., adjusted total assets

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Total assets	18,781,643)	17,195,632)	15,892,152)	14,559,047)	12,001,333)	12,479,478)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	75,045)	65,810)
Add: Allowance	5,344)	5,606)	5,255)	5,465)	5,021)	5,343)
Less: Noncurrent deferred tax assets, net²	712,349)	560,697)	307,594)	133,386)	83,456)	68,573)
After Adjustment
Adjusted total assets	18,074,638)	16,640,541)	15,589,813)	14,431,126)	11,997,943)	12,482,058)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax assets, net. See details »

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Lam Research Corp., adjusted current liabilities

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Current liabilities	4,184,918)	4,564,759)	3,527,867)	3,162,442)	2,371,650)	3,150,308)
Adjustments
Less: Current product warranty reserves	256,781)	232,248)	176,030)	117,839)	127,932)	192,480)
Less: Current restructuring liability	8,014)	—)	—)	—)	—)	—)
After Adjustment
Adjusted current liabilities	3,920,123)	4,332,511)	3,351,837)	3,044,603)	2,243,718)	2,957,828)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

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Lam Research Corp., adjusted total liabilities

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Total liabilities	10,571,471)	10,917,266)	9,864,964)	9,375,558)	7,278,029)	5,899,435)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	75,045)	65,810)
Less: Noncurrent deferred tax liabilities²	—)	—)	—)	—)	—)	—)
Less: Deferred revenue	1,984,600)	2,198,099)	1,118,807)	537,427)	449,305)	994,000)
Less: Product warranty reserves	286,663)	256,258)	191,758)	129,197)	127,932)	192,480)
Less: Restructuring liability	8,235)	—)	—)	—)	—)	—)
After Adjustment
Adjusted total liabilities	8,291,973)	8,462,909)	8,554,399)	8,708,934)	6,775,837)	4,778,765)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Lam Research Corp., adjusted stockholders’ equity

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Stockholders’ equity	8,210,172)	6,278,366)	6,027,188)	5,172,494)	4,673,865)	6,501,851)
Adjustments
Less: Net deferred tax assets (liabilities)¹	712,349)	560,697)	307,594)	133,386)	83,456)	68,573)
Add: Allowance	5,344)	5,606)	5,255)	5,465)	5,021)	5,343)
Add: Deferred revenue	1,984,600)	2,198,099)	1,118,807)	537,427)	449,305)	994,000)
Add: Product warranty reserves	286,663)	256,258)	191,758)	129,197)	127,932)	192,480)
Add: Restructuring liability	8,235)	—)	—)	—)	—)	—)
After Adjustment
Adjusted stockholders’ equity	9,782,665)	8,177,632)	7,035,414)	5,711,197)	5,172,667)	7,625,101)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

¹ Net deferred tax assets (liabilities). See details »

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Lam Research Corp., adjusted capitalization table

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Current portion of long-term debt and finance lease obligations	8,358)	7,381)	11,349)	839,877)	667,131)	610,030)
Long-term debt and finance lease obligations, less current portion	5,003,183)	4,998,449)	4,990,333)	4,970,848)	3,822,768)	1,806,562)
Total reported debt	5,011,541)	5,005,830)	5,001,682)	5,810,725)	4,489,899)	2,416,592)
Stockholders’ equity	8,210,172)	6,278,366)	6,027,188)	5,172,494)	4,673,865)	6,501,851)
Total reported capital	13,221,713)	11,284,196)	11,028,870)	10,983,219)	9,163,764)	8,918,443)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	75,045)	65,810)
Add: Current operating lease liabilities (included in Accrued expenses and other current liabilities)²	64,682)	54,110)	45,310)	49,480)	—)	—)
Add: Long-term operating lease liabilities (included in Other long-term liabilities)³	172,886)	164,613)	118,385)	123,889)	—)	—)
Adjusted total debt	5,249,109)	5,224,553)	5,165,377)	5,984,094)	4,564,944)	2,482,402)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	712,349)	560,697)	307,594)	133,386)	83,456)	68,573)
Add: Allowance	5,344)	5,606)	5,255)	5,465)	5,021)	5,343)
Add: Deferred revenue	1,984,600)	2,198,099)	1,118,807)	537,427)	449,305)	994,000)
Add: Product warranty reserves	286,663)	256,258)	191,758)	129,197)	127,932)	192,480)
Add: Restructuring liability	8,235)	—)	—)	—)	—)	—)
Adjusted stockholders’ equity	9,782,665)	8,177,632)	7,035,414)	5,711,197)	5,172,667)	7,625,101)
After Adjustment
Adjusted total capital	15,031,774)	13,402,185)	12,200,791)	11,695,291)	9,737,611)	10,107,503)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in Accrued expenses and other current liabilities). See details »

³ Long-term operating lease liabilities (included in Other long-term liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Lam Research Corp., adjusted revenue

US$ in thousands

12 months ended:	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Revenue	17,428,516)	17,227,039)	14,626,150)	10,044,736)	9,653,559)	11,076,998)
Adjustment
Add: Increase (decrease) in deferred revenue	(213,500)	1,079,292)	581,380)	88,122)	(544,695)	28,000)
After Adjustment
Adjusted revenue	17,215,016)	18,306,331)	15,207,530)	10,132,858)	9,108,864)	11,104,998)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

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Lam Research Corp., adjusted net income

US$ in thousands

12 months ended:	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
As Reported
Net income	4,510,931)	4,605,286)	3,908,458)	2,251,753)	2,191,430)	2,380,681)
Adjustments
Add: Deferred income tax expense (benefit)¹	(172,061)	(257,438)	(151,477)	(17,778)	(4,981)	3,046)
Add: Increase (decrease) in allowance	(262)	351)	(210)	444)	(322)	240)
Add: Increase (decrease) in deferred revenue	(213,500)	1,079,292)	581,380)	88,122)	(544,695)	28,000)
Add: Increase (decrease) in product warranty reserves	30,405)	64,500)	62,561)	1,265)	(64,548)	30,499)
Add: Increase (decrease) in restructuring liability	8,235)	—)	—)	—)	—)	—)
Add: Other comprehensive income (loss), net of tax	9,276)	(45,854)	30,083)	(30,181)	(6,581)	4,251)
After Adjustment
Adjusted net income	4,173,024)	5,446,137)	4,430,795)	2,293,625)	1,570,303)	2,446,717)

Based on: 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24).

¹ Deferred income tax expense (benefit). See details »

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Lam Research Corp. (NASDAQ:LRCX)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income