Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Lam Research Corp., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2026-06-28), 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).
Total assets exhibit a consistent upward trajectory, growing from 15.89 billion US dollars in June 2021 to 23.53 billion US dollars by June 2026. This overall expansion is driven by simultaneous increases in both current and long-term asset bases, reflecting a period of sustained corporate growth and capital investment.
- Current Asset Composition and Liquidity
- Current assets increased from 11.65 billion US dollars in 2021 to 15.61 billion US dollars in 2026. Cash and cash equivalents showed volatility, dipping in 2022 before peaking at 6.39 billion US dollars in 2025 and slightly receding in 2026. A notable pattern is observed in accounts receivable, which fluctuated significantly, reaching a peak of 5.34 billion US dollars in 2026, suggesting a substantial increase in outstanding customer credits toward the end of the period.
- Inventories experienced a steady rise from 2.69 billion US dollars in 2021 to 4.28 billion US dollars in 2026, indicating an expansion in production capacity or a strategic increase in stock to meet anticipated demand. Conversely, prepaid expenses and other current assets saw a sharp decline between 2021 and 2023, stabilizing at a lower level thereafter.
- Long-Term Asset Expansion
- Long-term assets grew significantly, nearly doubling from 4.24 billion US dollars in 2021 to 7.92 billion US dollars in 2026. This growth is primarily attributed to Property and Equipment, net, which rose from 1.30 billion US dollars to 2.96 billion US dollars, signaling aggressive investment in physical infrastructure and productive capacity.
- Goodwill and intangible assets remained relatively stable, with a gradual increase to 1.90 billion US dollars by 2026. Other assets showed a marked increase, growing from 1.31 billion US dollars in 2021 to 3.07 billion US dollars in 2026, contributing substantially to the overall growth of the non-current asset portfolio.
The shift in the balance sheet structure reveals an increasing reliance on long-term capital investments and a growing volume of working capital, particularly within inventories and receivables. The consistent growth in property and equipment suggests a strategic focus on scaling operations to support long-term revenue objectives.