Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

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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 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018
Trade accounts payable 4.27 4.14 3.61 3.28 2.91 2.66 2.85 2.51 3.13 4.79 6.12 5.88 6.07 5.71 5.38 5.22 4.98 4.70 4.40 4.07 3.86 3.80 3.37 3.14 3.23 3.19 3.51
Accrued expenses and other current liabilities 10.02 10.56 11.24 9.61 9.80 10.52 11.44 10.71 10.34 10.77 10.41 11.48 9.86 10.61 10.50 10.82 8.45 9.62 8.86 8.74 7.92 9.35 8.02 7.89 8.12 11.18 12.30
Deferred profit 9.43 9.72 9.92 7.56 8.76 9.55 8.60 9.03 9.57 8.08 10.42 9.14 9.31 6.80 5.98 6.09 4.80 3.62 3.83 3.14 4.17 3.08 3.29 3.18 2.93 4.01 4.95
Current portion of long-term debt and finance lease obligations 3.78 2.54 2.58 2.69 2.76 0.02 0.02 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.07 5.40 5.42 5.54 5.77 0.33 5.31 5.23 5.56 7.48 1.74 5.02
Current liabilities 27.49% 26.97% 27.35% 23.14% 24.24% 22.74% 22.91% 22.28% 23.08% 23.67% 26.99% 26.55% 25.29% 23.15% 21.90% 22.20% 23.63% 23.36% 22.63% 21.72% 16.27% 21.53% 19.91% 19.76% 21.76% 20.12% 25.78%
Long-term debt and finance lease obligations, less current portion 18.68 22.57 22.93 23.89 24.50 26.51 26.87 26.64 25.97 26.01 26.69 29.07 30.14 29.90 32.05 31.40 32.66 32.48 33.16 34.14 38.98 31.78 30.69 31.85 29.48 16.84 16.47
Income taxes payable 3.46 3.38 3.40 4.34 4.55 4.25 4.21 4.70 4.60 4.49 4.49 5.41 5.53 5.34 5.66 5.97 6.05 5.87 5.84 6.25 6.87 7.33 6.94 7.44 6.69 7.98 7.72
Other long-term liabilities 2.74 2.69 2.94 3.07 2.83 2.72 2.61 2.67 2.66 2.58 2.24 2.46 2.72 2.80 2.99 2.51 2.50 2.45 2.33 2.28 2.71 2.28 2.12 1.59 0.65 0.82 0.91
Long-term liabilities 24.88% 28.64% 29.27% 31.30% 31.88% 33.48% 33.68% 34.00% 33.23% 33.09% 33.41% 36.94% 38.39% 38.04% 40.71% 39.88% 41.20% 40.80% 41.34% 42.68% 48.57% 41.39% 39.75% 40.88% 36.82% 25.63% 25.11%
Total liabilities 52.37% 55.60% 56.63% 54.44% 56.11% 56.23% 56.59% 56.29% 56.31% 56.76% 60.41% 63.49% 63.67% 61.19% 62.61% 62.07% 64.84% 64.16% 63.97% 64.40% 64.84% 62.92% 59.66% 60.64% 58.58% 45.75% 50.89%
Temporary equity, convertible notes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.04 0.08 0.09 0.32 0.34 0.41 0.39 0.53 0.54
Preferred stock, at par value of $0.001 per share; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, at par value of $0.001 per share 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 42.71 42.54 42.51 43.88 44.21 42.58 42.50 41.58 39.91 39.60 40.02 43.12 43.94 43.27 45.69 44.38 45.29 44.60 44.91 45.99 50.84 54.80 52.31 53.41 48.98 58.10 56.54
Treasury stock, at cost -132.49 -131.17 -129.91 -129.99 -131.21 -122.47 -120.65 -114.64 -107.19 -104.51 -104.65 -113.29 -112.22 -103.65 -108.34 -98.46 -99.53 -91.97 -89.11 -88.95 -99.85 -106.37 -94.63 -96.68 -81.50 -88.90 -87.45
Accumulated other comprehensive loss -0.62 -0.68 -0.45 -0.70 -0.70 -0.63 -0.65 -0.54 -0.55 -0.57 -0.71 -0.64 -0.59 -0.53 -0.53 -0.40 -0.41 -0.37 -0.55 -0.65 -0.87 -0.51 -0.59 -0.53 -0.49 -0.60 -0.53
Retained earnings 138.02 133.70 131.22 132.36 131.58 124.29 122.21 117.31 111.52 108.71 104.93 107.32 105.20 99.71 100.56 92.40 89.80 83.54 80.74 79.13 84.95 88.84 82.90 82.75 74.04 85.11 80.02
Stockholders’ equity 47.63% 44.40% 43.37% 45.56% 43.89% 43.77% 43.41% 43.71% 43.69% 43.24% 39.59% 36.51% 36.33% 38.81% 37.39% 37.93% 35.14% 35.80% 35.99% 35.53% 35.07% 36.76% 39.99% 38.94% 41.03% 53.72% 48.58%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).


Trade accounts payable
The proportion of trade accounts payable relative to total liabilities and stockholders' equity showed a general upward trend from 3.51% in September 2018, peaking around 6.12% in September 2022. Following this peak, there was a marked decline to 2.51% by June 2023, before gradually rising again to approximately 4.27% by March 2025.
Accrued expenses and other current liabilities
The percentage of accrued expenses and other current liabilities fluctuated in the range of roughly 7.89% to 12.3%, with a tendency to remain near the 10% level in more recent periods, indicating relative stability within this liability category over the examined timeframe.
Deferred profit
Deferred profit as a fraction of total liabilities and equity exhibited a rising trend overall, increasing from about 4.95% in late 2018 to a peak near 10.42% in late 2022. After this, the figure stabilized around the 9% to 10% range toward the end of the period.
Current portion of long-term debt and finance lease obligations
This category displayed volatility with a sharp drop to nearly negligible levels in mid-2021 through mid-2023 (around 0.02% to 0.05%) before increasing to approximately 3.78% by March 2025. The earlier fluctuations may reflect restructuring or repayments of obligations within the current liabilities.
Current liabilities
Current liabilities showed variability, initially decreasing from 25.78% in September 2018 to a low of about 16.27% in March 2020, then increasing again with spikes to as high as 27.49% in September 2024. Overall, current liabilities constituted roughly 20% to 27% of total liabilities and equity across the timeline.
Long-term debt and finance lease obligations, less current portion
This item started around 16.47% in late 2018, experienced notable growth to nearly 39% in early 2020, followed by a gradual decline to about 18.68% by March 2025. The initial increase suggests that the company may have taken on additional long-term debt during the early part of the period, with reductions occurring later.
Income taxes payable
Income taxes payable decreased steadily over time from 7.72% to roughly 3.46%, indicating lower relative tax liabilities or efficient tax planning and payments during the latter years.
Other long-term liabilities
These liabilities remained consistently low, fluctuating modestly between 0.65% and 3.07%, maintaining a stable minor portion of total liabilities and equity.
Long-term liabilities
Long-term liabilities combined remained a significant component, peaking near 48.57% in early 2020, before gradually decreasing to 24.88% by March 2025. This reflects the earlier described pattern of increased debt followed by deleveraging.
Total liabilities
Total liabilities as a percentage of total liabilities and stockholders' equity fluctuated between approximately 45.75% and 64.84%, peaking around 2019-2021. More recently, the liability proportion declined to approximately 52.37% in early 2025, suggesting an improving leverage position.
Temporary equity, convertible notes
Temporary equity remained negligible and steadily decreased to zero in the latest periods, indicating a minimal role for convertible notes or other temporary equity instruments during the analyzed period.
Common stock
The amount represented by common stock stayed virtually constant, close to 0%, with a minimal increase noted only at the end of the period, indicating little change in par value stock issuance.
Additional paid-in capital
Additional paid-in capital showed some volatility, initially high near 56.54%, then decreasing to around 40% in 2022 and stabilizing near the low 40% range towards the end. This may reflect equity transactions such as stock issuance or buybacks.
Treasury stock
Treasury stock remained consistently negative, representing a substantial and growing deduction from equity. Its magnitude increased from approximately -87.45% to around -132.49%, reflecting ongoing stock repurchases and accounting for a significant offset to equity.
Accumulated other comprehensive loss
This item remained a minor negative component, fluctuating between approximately -0.37% and -0.7%, indicating stable but modest negative impacts from comprehensive income adjustments.
Retained earnings
Retained earnings showed a clear positive trend, increasing from 80.02% to a high of about 138.02%, indicating strong cumulative profitability and earnings retention contributing to equity growth over the period analyzed.
Stockholders’ equity
Stockholders’ equity as a percentage of total liabilities and equity fluctuated between 35% and 48%, displaying recovery and gradual growth toward the end of the timeline, despite volatility caused by treasury stock and other equity changes.
Total liabilities and stockholders’ equity
By definition, this remained constant at 100% throughout the reporting periods, providing a basis for proportional analysis of all components.