Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

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

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

Microsoft Excel
Dec 28, 2025 Sep 28, 2025 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
Trade accounts payable
Accrued expenses and other current liabilities
Deferred profit
Current portion of long-term debt and finance lease obligations
Current liabilities
Long-term debt and finance lease obligations, less current portion
Income taxes payable
Other long-term liabilities
Long-term liabilities
Total liabilities
Temporary equity, convertible notes
Preferred stock, at par value of $0.001 per share; none outstanding
Common stock, at par value of $0.001 per share
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-12-28), 10-Q (reporting date: 2025-09-28), 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).


The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period from September 2019 to December 2025. Current liabilities generally increased as a percentage of the total, particularly between March 2022 and June 2024, before stabilizing. Long-term liabilities demonstrated a decreasing trend over the majority of the period, with a more pronounced decline from September 2022 onwards. Stockholders’ equity showed considerable fluctuation, heavily influenced by movements in treasury stock and retained earnings.

Current Liabilities
Current liabilities, representing a significant portion of the total, generally trended upward from 19.91% in September 2019 to a peak of 27.35% in March 2022. This increase was driven by rises in trade accounts payable, accrued expenses, and deferred profit. A subsequent decrease occurred, falling to 23.14% by December 2023, before increasing again to 26.97% in June 2024. The composition within current liabilities remained relatively stable, with trade accounts payable and accrued expenses consistently representing the largest components. The current portion of long-term debt remained relatively small until a notable increase to 2.76% in March 2024.
Long-Term Liabilities
Long-term liabilities, initially comprising approximately 39.75% of the total in September 2019, experienced a peak of 48.57% in March 2020. Following this, a consistent downward trend was observed, culminating in a low of 17.03% in September 2025. This decline was primarily attributable to a reduction in long-term debt and finance lease obligations. Other long-term liabilities remained relatively stable, fluctuating between 2.12% and 3.07% throughout the period.
Stockholders’ Equity
Stockholders’ equity demonstrated significant volatility, largely due to substantial changes in treasury stock. The percentage of total liabilities and stockholders’ equity represented by stockholders’ equity decreased from 39.99% in September 2019 to a low of 35.07% in March 2020. A subsequent increase to 47.63% was observed in March 2024, followed by a decline to 46.54% in September 2025. The most significant driver of these fluctuations was the large and negative balance of treasury stock, which increased in absolute value throughout the period, offsetting increases in retained earnings and additional paid-in capital. Retained earnings consistently represented the largest component of stockholders’ equity, increasing from 82.90% to 147.25% over the period, indicating substantial accumulated profits. Additional paid-in capital remained relatively stable, while accumulated other comprehensive loss remained consistently negative, though with minor fluctuations.
Deferred Profit
Deferred profit exhibited an increasing trend, rising from 3.29% in September 2019 to a peak of 12.08% in December 2025. This suggests a growing proportion of revenue is recognized over time, potentially indicating an increase in long-term contracts or subscription-based services.
Temporary Equity
Temporary equity, specifically convertible notes, decreased significantly from 0.34% in September 2019 to negligible levels by March 2021, indicating the conversion or repayment of these instruments.

Overall, the observed trends suggest a shift in the company’s financing structure, with a greater reliance on current liabilities and a reduction in long-term debt. The substantial fluctuations in stockholders’ equity warrant further investigation, particularly concerning the impact of treasury stock activity on overall financial health.