Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

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Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Trade accounts payable 2.51 5.88 5.22 4.07 3.14 4.09
Accrued compensation 2.56 2.80 3.48 2.76 2.80 4.06
Warranty reserves 1.37 1.35 1.11 0.81 1.07 1.54
Income and other taxes payable 2.45 2.71 2.19 1.48 0.42 1.49
Dividend payable 1.23 1.20 1.17 1.15 1.32 1.40
Restructuring 0.04 0.00 0.00 0.00 0.00 0.00
Other 3.05 3.43 2.87 2.54 2.28 2.01
Accrued expenses and other current liabilities 10.71% 11.48% 10.82% 8.74% 7.89% 10.49%
Deferred profit 9.03 9.14 6.09 3.14 3.18 5.77
Current portion of long-term debt and finance lease obligations 0.04 0.04 0.07 5.77 5.56 4.89
Current liabilities 22.28% 26.55% 22.20% 21.72% 19.76% 25.24%
Long-term debt and finance lease obligations, less current portion 26.64 29.07 31.40 34.14 31.85 14.48
Income taxes payable 4.70 5.41 5.97 6.25 7.44 6.83
Other long-term liabilities 2.67 2.46 2.51 2.28 1.59 0.73
Long-term liabilities 34.00% 36.94% 39.88% 42.68% 40.88% 22.03%
Total liabilities 56.29% 63.49% 62.07% 64.40% 60.64% 47.27%
Temporary equity, convertible notes 0.00 0.00 0.00 0.08 0.41 0.63
Preferred stock, at par value of $0.001 per share; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, at par value of $0.001 per share 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 41.58 43.12 44.38 45.99 53.41 49.24
Treasury stock, at cost -114.64 -113.29 -98.46 -88.95 -96.68 -62.88
Accumulated other comprehensive loss -0.54 -0.64 -0.40 -0.65 -0.53 -0.46
Retained earnings 117.31 107.32 92.40 79.13 82.75 66.20
Stockholders’ equity 43.71% 36.51% 37.93% 35.53% 38.94% 52.10%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

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 as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Lam Research Corp. long-term liabilities as a percentage of total liabilities and stockholders’ equity decreased 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 as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 but then decreased significantly 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 as a percentage of total liabilities and stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.