Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Lam Research Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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).
- Current liabilities
- Current liabilities as a percentage of total liabilities and stockholders’ equity exhibited volatile behavior over the period. Initially, it increased from 19.91% to a peak near 27.35%, indicating a rise in short-term obligations relative to the company's financing base. After this peak, it remained elevated, reaching as high as 30.77% toward the later periods, suggesting an increase in immediate financial obligations or operational expenses.
- Long-term debt and finance lease obligations
- The current portion of long-term debt displayed an inconsistent pattern, with a significant drop from around 5.23% down to nearly 0.04% during multiple quarters, indicating periods where short-term obligations related to long-term debt were minimal. Later periods showed a steady increase again to approximately 3.78%, reflecting possible refinancing or restructuring activities. The long-term portion (excluding current) showed a declining trend from about 38.98% down to roughly 17.03%, indicating a reduction in long-term debt relative to the company's financing structure.
- Total liabilities
- Total liabilities as a proportion of total financing remained broadly stable but showed a slight downward trend from a high of approximately 64.84% to around 53.46%, suggesting a gradual deleveraging or an increase in equity financing over time.
- Trade accounts payable
- Trade accounts payable increased progressively from about 3.37% to peaks above 6.12% before declining in the most recent quarters to just under 4%, signaling changes in the company's payment terms with suppliers or fluctuations in procurement volume.
- Accrued expenses and other current liabilities
- This item generally fluctuated between 8% and 11%, with no clear long-term upward or downward trend, indicating that these liabilities remained a relatively consistent component of total liabilities and equity.
- Deferred profit
- Deferred profit as a percentage increased notably over time from around 3.29% up to above 12%, implying growth in revenue that has been received but not yet recognized, possibly linked to customer prepayments or contract liabilities.
- Income taxes payable
- Income taxes payable steadily declined from nearly 7% to below 3%, reflecting either lower taxable income, improved tax planning, or timing differences in tax payments.
- Other long-term liabilities
- Other long-term liabilities remained relatively stable, fluctuating near 2.5%, with a slight upward drift toward 2.85% in recent periods.
- Stockholders’ equity
- Equity's share of total financing showed variability, initially decreasing from just under 40% to about 35%, before rising again and stabilizing in the range of 43% to 47%. This indicates overall strengthening in equity capital relative to liabilities over time.
- Retained earnings
- Retained earnings steadily increased from about 83% to roughly 138%, signifying accumulated profitability and reinvestment, supporting the growth of shareholders’ equity.
- Additional paid-in capital
- The portion attributable to additional paid-in capital declined from approximately 54.8% down near 40%, indicating reduced capital contributions or possible share repurchases affecting this component.
- Treasury stock
- Treasury stock consistently represented a negative balance from around -95% to beyond -130%, intensifying over time. This reflects ongoing share buybacks or repurchase programs that reduce equity by the cost of shares held.
- Comprehensive summary
- The data reflect a company managing a complex balance of liabilities and equity financing. The reduction in long-term debt alongside growing retained earnings and equity proportions signals improved financial stability and profitability retention. However, the increasing treasury stock proportion indicates aggressive share repurchase activities, which may impact liquidity and equity structure. Fluctuations in current liabilities and trade payables suggest changes in operational dynamics, potentially adjusting working capital management. The rise in deferred profit points toward increased advance receipts or deferred revenue recognition, which may affect future revenue streams. Overall, the trend illustrates a gradual strengthening of equity position and controlled liability levels with an emphasis on shareholder returns through buybacks.