Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Lam Research Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 24, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 25, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 26, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019
Cash and cash equivalents
Accounts receivable, less allowance
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Goodwill and intangible assets
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29).


Cash and cash equivalents
Throughout the periods analyzed, the percentage of cash and equivalents relative to total assets exhibited notable fluctuations. Starting at a high of 37.32% in late 2019, it declined steadily to a low near 20.48% by mid-2022, followed by a recovery trend reaching above 31% during 2024, before slightly declining again towards the end of the observed periods. This suggests periods of cash accumulation and drawdown potentially linked to operational or investment activities.
Accounts receivable, less allowance
This category showed an initial increase from 13.25% to over 25% of total assets between late 2019 and mid-2022, reflecting growth in revenue or extended credit terms. However, from mid-2022 onward, a consistent decrease is observed, stabilizing around mid-teens percentages by the most recent periods, indicating possible improvements in collections or changes in sales composition.
Inventories
Inventories increased steadily from approximately 12% in late 2019 to a peak exceeding 25% of total assets between late 2022 and mid-2023. Thereafter, inventories started to decline modestly but remained above 20%. This upward trend points to stock accumulation, potentially in anticipation of higher demand or supply chain considerations, with a recent moderation indicating inventory management adjustments.
Prepaid expenses and other current assets
These assets initially rose from around 9% to a peak above 17% in late 2020 before undergoing a significant decline, stabilizing below 2% from mid-2022 onward. This pattern could reflect reduced advance payments or prepayments, possibly linked to changes in contractual terms or expense recognition practices.
Current assets
Current assets consistently accounted for more than two-thirds of total assets but showed a slight downward trend from levels above 74% in early periods to approximately 68% towards the end. The gradual decrease is aligned with the increases noted in long-term assets, indicating a shift in asset composition over time.
Property and equipment, net
Property and equipment as a percentage of total assets increased gradually from under 9% in 2019 to nearly 12% in recent periods. This steady rise suggests ongoing investment in fixed assets, possibly for capacity expansion or technological upgrades.
Goodwill and intangible assets
Goodwill and intangible assets displayed a declining trend, decreasing from around 14% in late 2019 to below 9% by the latest periods. This reduction may result from amortization, impairment, or divestitures, reflecting adjustments in the asset base related to acquisitions or intellectual property.
Other assets
The proportion of other assets increased from approximately 6.4% to over 12% across the observed timeline. This steady growth could indicate expanding miscellaneous asset holdings, such as investments, deferred charges, or other non-current asset categories.
Long-term assets
Long-term assets as a share of total assets rose from about 28% in 2019 to a peak near 32.5% in 2025, marking a gradual shift towards a larger long-term asset base relative to current assets. This trend complements the growth in property, equipment, and other assets, indicating an evolving asset strategy emphasizing sustained investments.
Total assets
The total assets percentage consistently sums to 100%, serving as a normalization benchmark for analyzing components. The shifting proportions within current and long-term assets reflect operational, investment, and strategic changes implemented over time.