Analysis of Debt
Total Debt (Carrying Amount)
Lam Research Corp., balance sheet: debt
US$ in thousands
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).
| Debt item | Description | The company |
|---|---|---|
| Total long-term debt and finance lease obligations (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Lam Research Corp. total debt increased from 2021 to 2022 and from 2022 to 2023. |
Total Debt (Fair Value)
| Jun 25, 2023 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| 2060 Notes | 340,365) |
| 2050 Notes | 525,233) |
| 2049 Notes | 730,500) |
| 2041 Notes | —) |
| 2030 Notes | 624,825) |
| 2029 Notes | 969,760) |
| 2026 Notes | 730,725) |
| 2025 Notes | 488,620) |
| 2021 Notes | —) |
| 2020 Notes | —) |
| Commercial paper | —) |
| Finance lease liabilities | 46,176) |
| Build-to-suit lease | —) |
| Total long-term debt and finance lease obligations (fair value) | 4,456,204) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.89 |
Based on: 10-K (reporting date: 2023-06-25).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on long-term debt and finance lease obligations: 3.57%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 3.87% | 500,000) | 19,350) | |
| 3.86% | 750,000) | 28,950) | |
| 4.09% | 1,000,000) | 40,900) | |
| 2.01% | 750,000) | 15,075) | |
| 4.93% | 750,000) | 36,975) | |
| 2.93% | 750,000) | 21,975) | |
| 3.18% | 500,000) | 15,900) | |
| 2.56% | 46,176) | 1,182) | |
| Total | 5,046,176) | 180,307) | |
| 3.57% | |||
Based on: 10-K (reporting date: 2023-06-25).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 180,307 ÷ 5,046,176 = 3.57%