Stock Analysis on Net
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

Microsoft Excel
Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020
Trade accounts payable 4.00 3.28 2.51 5.88 5.22 4.07
Accrued compensation 2.90 2.76 2.56 2.80 3.48 2.76
Warranty reserves 1.17 1.22 1.37 1.35 1.11 0.81
Income and other taxes payable 2.54 1.00 2.45 2.71 2.19 1.48
Dividend payable 1.37 1.39 1.23 1.20 1.17 1.15
Other 3.25 3.25 3.09 3.43 2.87 2.54
Accrued expenses and other current liabilities 11.22% 9.61% 10.71% 11.48% 10.82% 8.74%
Deferred profit 12.02 7.56 9.03 9.14 6.09 3.14
Current portion of long-term debt and finance lease obligations 3.53 2.69 0.04 0.04 0.07 5.77
Current liabilities 30.77% 23.14% 22.28% 26.55% 22.20% 21.72%
Long-term debt and finance lease obligations, less current portion 17.48 23.89 26.64 29.07 31.40 34.14
Income taxes payable 2.83 4.34 4.70 5.41 5.97 6.25
Other long-term liabilities 2.72 3.07 2.67 2.46 2.51 2.28
Long-term liabilities 23.03% 31.30% 34.00% 36.94% 39.88% 42.68%
Total liabilities 53.80% 54.44% 56.29% 63.49% 62.07% 64.40%
Temporary equity, convertible notes 0.00 0.00 0.00 0.00 0.00 0.08
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 0.01 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 40.75 43.88 41.58 43.12 44.38 45.99
Treasury stock, at cost -130.07 -129.99 -114.64 -113.29 -98.46 -88.95
Accumulated other comprehensive loss -0.29 -0.70 -0.54 -0.64 -0.40 -0.65
Retained earnings 135.81 132.36 117.31 107.32 92.40 79.13
Stockholders’ equity 46.20% 45.56% 43.71% 36.51% 37.93% 35.53%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 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).

Trade Accounts Payable
The proportion of trade accounts payable relative to total liabilities and stockholders' equity exhibited a fluctuating pattern. Starting at 4.07% in mid-2020, it increased to a peak of 5.88% by mid-2022, then declined significantly to 2.51% in mid-2023, before recovering slightly to 4.0% by mid-2025.
Accrued Compensation
This category displayed moderate variability, increasing from 2.76% in 2020 to 3.48% in 2021, then declining to 2.8% in 2022. Thereafter, it experienced a minor decrease to 2.56% in 2023, followed by a gradual increase to 2.9% by 2025.
Warranty Reserves
Warranty reserves showed a steady upward trend from 0.81% in 2020 to a high of 1.37% in 2023, with a slight decrease in subsequent years to 1.17% by 2025, indicating a moderate growth in warranty liabilities over the period.
Income and Other Taxes Payable
This item increased from 1.48% in 2020 to 2.71% in 2022, followed by a decline to 1.00% in 2024 before rising again to 2.54% in 2025, reflecting volatility in tax-related obligations within the company's liabilities.
Dividend Payable
The dividend payable as a percentage of total liabilities and equity showed a slight but consistent increase from 1.15% in 2020 to 1.39% by 2024, maintaining a similar level in 2025. This suggests a gradual increase in declared dividends over time.
Other Current Liabilities
Components classified as other current liabilities exhibited a rising trend from 2.54% in 2020 to 3.25% in 2024, stabilizing at that level through 2025.
Accrued Expenses and Other Current Liabilities
This category experienced growth from 8.74% in 2020, reaching a peak of 11.48% in 2022, followed by a decline to 9.61% in 2024 and an increase again to 11.22% in 2025, indicating fluctuations in the company's short-term expense accruals.
Deferred Profit
Deferred profit saw a significant increase from 3.14% in 2020 to 9.14% in 2022, maintaining a high level around 9.03% in 2023, then declining moderately to 7.56% in 2024, before rising sharply to 12.02% in 2025. This suggests variability in revenue recognition timing or prepayments influencing liabilities.
Current Portion of Long-term Debt and Finance Lease Obligations
This item showed a sharp decline from 5.77% in 2020 to negligible levels (~0.04%) in 2022 and 2023, then increased notably to 3.53% in 2025, which could imply refinancing or changing debt structures.
Current Liabilities
Overall current liabilities as a percentage of total liabilities and equity fluctuated between 21.72% in 2020 and 26.55% in 2022, decreased to 22.28% in 2023, and then increased to 30.77% by 2025, indicating a growing share of short-term obligations in recent years.
Long-term Debt and Finance Lease Obligations (Less Current Portion)
Long-term debt consistently decreased from 34.14% in 2020 to 17.48% in 2025, demonstrating a sustained reduction in this liability component over the period.
Income Taxes Payable (Long-term)
Long-term income taxes payable declined steadily from 6.25% in 2020 to 2.83% in 2025, indicating a reduction in deferred or long-term tax liabilities.
Other Long-term Liabilities
Other long-term liabilities remained relatively stable, ranging from 2.28% in 2020 to a slight peak of 3.07% in 2024, followed by a minor decrease to 2.72% in 2025.
Long-term Liabilities
The total long-term liabilities decreased steadily from 42.68% in 2020 to 23.03% in 2025, marking a significant reduction in the company’s long-term financial obligations.
Total Liabilities
Total liabilities showed a declining trend, decreasing from 64.4% in 2020 to 53.8% in 2025, reflecting a reduction in the overall leverage position relative to total liabilities and stockholders’ equity.
Stockholders’ Equity Components
Common stock remained negligible throughout this period. Additional paid-in capital showed a decreasing trend, starting at 45.99% in 2020 and declining to 40.75% by 2025. Treasury stock consistently increased in magnitude as a negative figure, moving from -88.95% in 2020 to -130.07% in 2025, which suggests significant share repurchases or similar transactions reducing equity. Accumulated other comprehensive loss fluctuated slightly but remained a minor negative component. Retained earnings steadily increased from 79.13% in 2020 to 135.81% in 2025, underscoring ongoing profitability and earnings retention. Overall, stockholders’ equity rose from 35.53% in 2020 to 46.2% in 2025, indicating strengthening equity relative to total capital.
Total Liabilities and Stockholders’ Equity
The sum of liabilities and stockholders’ equity remained constant at 100% across all periods, confirming the completeness of the capital structure.