Lam Research Corp., current enterprise value calculation

Current share price (P)	$925.37
No. shares of common stock outstanding	131,103,000
US$ in thousands
Common equity (market value)¹	121,318,783)
Add: Preferred stock, at par value of $0.001 per share; none outstanding (per books)	—)
Total equity	121,318,783)
Add: Current portion of long-term debt and finance lease obligations (per books)	8,358)
Add: Long-term debt and finance lease obligations, less current portion (per books)	5,003,183)
Total equity and debt	126,330,324)
Less: Cash and cash equivalents	5,337,056)
Less: Investments	37,641)
Enterprise value (EV)	120,955,627)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 925.37 × 131,103,000

Lam Research Corp., EV calculation

	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018
Share price^1, 2	$655.83	$463.01	$578.99	$374.57	$206.76	$176.69
No. shares of common stock outstanding¹	132,511,701	136,987,792	141,953,681	145,625,225	144,532,998	157,579,984
US$ in thousands
Common equity (market value)³	86,905,149)	63,426,718)	82,189,762)	54,546,841)	29,883,643)	27,842,807)
Add: Preferred stock, at par value of $0.001 per share; none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	86,905,149)	63,426,718)	82,189,762)	54,546,841)	29,883,643)	27,842,807)
Add: Current portion of long-term debt and finance lease obligations (book value)	8,358)	7,381)	11,349)	839,877)	667,131)	610,030)
Add: Long-term debt and finance lease obligations, less current portion (book value)	5,003,183)	4,998,449)	4,990,333)	4,970,848)	3,822,768)	1,806,562)
Total equity and debt	91,916,690)	68,432,548)	87,191,444)	60,357,566)	34,373,542)	30,259,399)
Less: Cash and cash equivalents	5,337,056)	3,522,001)	4,418,263)	4,915,172)	3,658,219)	4,512,257)
Less: Investments	37,641)	135,731)	1,310,872)	1,795,080)	1,772,984)	437,338)
Enterprise value (EV)	86,541,993)	64,774,816)	81,462,309)	53,647,314)	28,942,339)	25,309,804)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Lam Research Corp. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 655.83 × 132,511,701

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Lam Research Corp. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Lam Research Corp. (NASDAQ:LRCX)

Enterprise Value (EV)