Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Lam Research Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
Trade accounts payable	470,702)	1,011,208)	829,710)	592,387)	376,561)	510,983)
Accrued compensation	481,354)	481,070)	552,925)	402,401)	336,090)	506,471)
Warranty reserves	256,781)	232,248)	176,030)	117,839)	127,932)	192,480)
Income and other taxes payable	460,630)	465,601)	348,206)	215,652)	49,926)	185,384)
Dividend payable	231,267)	205,615)	185,431)	167,129)	158,868)	174,372)
Restructuring	8,014)	—)	—)	—)	—)	—)
Other	572,591)	589,738)	456,891)	369,634)	273,825)	250,502)
Accrued expenses and other current liabilities	2,010,637)	1,974,272)	1,719,483)	1,272,655)	946,641)	1,309,209)
Deferred profit	1,695,221)	1,571,898)	967,325)	457,523)	381,317)	720,086)
Current portion of long-term debt and finance lease obligations	8,358)	7,381)	11,349)	839,877)	667,131)	610,030)
Current liabilities	4,184,918)	4,564,759)	3,527,867)	3,162,442)	2,371,650)	3,150,308)
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)
Income taxes payable	882,084)	931,117)	948,037)	909,709)	892,790)	851,936)
Other long-term liabilities	501,286)	422,941)	398,727)	332,559)	190,821)	90,629)
Long-term liabilities	6,386,553)	6,352,507)	6,337,097)	6,213,116)	4,906,379)	2,749,127)
Total liabilities	10,571,471)	10,917,266)	9,864,964)	9,375,558)	7,278,029)	5,899,435)
Temporary equity, convertible notes	—)	—)	—)	10,995)	49,439)	78,192)
Preferred stock, at par value of $0.001 per share; none outstanding	—)	—)	—)	—)	—)	—)
Common stock, at par value of $0.001 per share	133)	137)	143)	145)	144)	157)
Additional paid-in capital	7,809,002)	7,414,916)	7,052,962)	6,695,858)	6,409,405)	6,144,425)
Treasury stock, at cost	(21,530,353)	(19,481,429)	(15,646,701)	(12,949,889)	(11,602,573)	(7,846,476)
Accumulated other comprehensive loss	(100,706)	(109,982)	(64,128)	(94,211)	(64,030)	(57,449)
Retained earnings	22,032,096)	18,454,724)	14,684,912)	11,520,591)	9,930,919)	8,261,194)
Stockholders’ equity	8,210,172)	6,278,366)	6,027,188)	5,172,494)	4,673,865)	6,501,851)
Total liabilities and stockholders’ equity	18,781,643)	17,195,632)	15,892,152)	14,559,047)	12,001,333)	12,479,478)

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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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Lam Research Corp. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Lam Research Corp. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Lam Research Corp. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Lam Research Corp. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: Liabilities and Stockholders’ Equity