Balance Sheet: Assets
Quarterly Data

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.

Lam Research Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	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
Cash and cash equivalents	5,450,718)	5,665,379)	6,067,471)	5,847,856)	5,672,232)	5,623,289)	5,126,150)	5,337,056)	5,305,648)	4,484,716)	4,256,499)	3,522,001)	4,194,719)	5,086,544)	4,042,151)	4,418,263)	3,673,366)	3,687,165)	4,129,067)	4,915,172)	3,961,586)	3,035,887)	4,607,182)	3,658,219)	4,931,611)	3,359,793)	2,568,085)
Accounts receivable, less allowance	3,228,182)	3,304,946)	2,937,217)	2,519,250)	2,203,707)	2,707,458)	2,810,953)	2,823,376)	3,262,140)	4,070,088)	4,569,735)	4,313,818)	3,702,320)	3,402,840)	3,397,180)	3,026,430)	2,809,068)	2,900,362)	2,317,922)	2,097,099)	2,191,070)	2,030,490)	1,635,643)	1,455,522)	1,522,273)	1,868,842)	1,846,845)
Inventories	4,463,275)	4,358,152)	4,209,878)	4,217,924)	4,322,967)	4,429,906)	4,747,781)	4,816,190)	4,881,935)	4,819,966)	4,360,325)	3,966,294)	3,479,332)	3,074,177)	2,872,141)	2,689,294)	2,552,032)	2,348,955)	2,138,050)	1,900,024)	1,674,740)	1,528,620)	1,483,385)	1,540,140)	1,622,242)	1,703,307)	1,874,194)
Prepaid expenses and other current assets	318,147)	284,370)	277,802)	298,190)	289,530)	293,959)	308,678)	251,790)	280,304)	334,018)	426,105)	483,122)	511,730)	539,301)	833,210)	1,518,400)	2,287,804)	2,531,470)	2,689,844)	1,941,240)	1,581,389)	1,859,968)	1,108,405)	1,906,528)	1,366,115)	423,903)	1,226,749)
Current assets	13,460,322)	13,612,847)	13,492,368)	12,883,220)	12,488,436)	13,054,612)	12,993,562)	13,228,412)	13,730,027)	13,708,788)	13,612,664)	12,285,235)	11,888,101)	12,102,862)	11,144,682)	11,652,387)	11,322,270)	11,467,952)	11,274,883)	10,853,535)	9,408,785)	8,454,965)	8,834,615)	8,560,409)	9,442,241)	7,355,845)	7,515,873)
Property and equipment, net	2,372,203)	2,313,590)	2,214,269)	2,154,518)	2,181,741)	2,147,482)	2,110,511)	1,856,672)	1,855,117)	1,863,155)	1,718,791)	1,647,587)	1,561,875)	1,503,385)	1,372,533)	1,303,479)	1,279,836)	1,208,285)	1,133,529)	1,071,499)	1,048,619)	1,047,254)	1,030,168)	1,059,077)	1,040,329)	1,013,306)	951,376)
Goodwill and intangible assets	1,795,248)	1,761,021)	1,758,344)	1,765,073)	1,768,998)	1,777,593)	1,784,000)	1,790,943)	1,801,819)	1,805,218)	1,624,932)	1,616,963)	1,627,035)	1,601,755)	1,614,959)	1,622,499)	1,633,254)	1,641,168)	1,646,343)	1,652,968)	1,666,732)	1,677,940)	1,690,648)	1,701,547)	1,707,930)	1,736,468)	1,767,562)
Other assets	2,340,537)	2,152,458)	2,067,508)	1,941,917)	1,840,475)	1,804,165)	1,650,384)	1,905,616)	1,856,398)	1,829,220)	1,764,895)	1,645,847)	1,512,020)	1,477,426)	1,433,378)	1,313,787)	1,049,553)	1,052,969)	1,002,253)	981,045)	814,499)	733,963)	788,071)	680,300)	704,762)	662,839)	722,766)
Long-term assets	6,507,988)	6,227,069)	6,040,121)	5,861,508)	5,791,214)	5,729,240)	5,544,895)	5,553,231)	5,513,334)	5,497,593)	5,108,618)	4,910,397)	4,700,930)	4,582,566)	4,420,870)	4,239,765)	3,962,643)	3,902,422)	3,782,125)	3,705,512)	3,529,850)	3,459,157)	3,508,887)	3,440,924)	3,453,021)	3,412,613)	3,441,704)
Total assets	19,968,310)	19,839,916)	19,532,489)	18,744,728)	18,279,650)	18,783,852)	18,538,457)	18,781,643)	19,243,361)	19,206,381)	18,721,282)	17,195,632)	16,589,031)	16,685,428)	15,565,552)	15,892,152)	15,284,913)	15,370,374)	15,057,008)	14,559,047)	12,938,635)	11,914,122)	12,343,502)	12,001,333)	12,895,262)	10,768,458)	10,957,577)

Cash and cash equivalents: The cash and cash equivalents balance exhibits significant fluctuations over the periods observed. It peaked multiple times, notably reaching highs over $5.6 billion in mid-2023 and late 2024. Earlier quarters showed lower balances, with a notable dip around late 2019 and mid-2022. Overall, a general upward trend is observed from 2018 through 2025, albeit with periodic volatility.
Accounts receivable, less allowance: Accounts receivable experienced initial decline from late 2018 into mid-2019, followed by an increase peaking around mid-2022 above $4.5 billion. After this peak, a decline is seen again toward early 2024 before a moderate recovery later in 2024. This indicates fluctuations in credit sales or collection periods, with the highest receivable levels occurring roughly mid-term through the timeline.
Inventories: Inventory levels rose steadily throughout the entire period, beginning around $1.87 billion in late 2018 and increasing to approximately $4.46 billion by early 2025. The upward trajectory was consistent, with no visible periods of sharp decline, suggesting a deliberate buildup or growth aligned with operational scaling or demand expectations.
Prepaid expenses and other current assets: Prepaid expenses and other current assets showed considerable variability without a clear long-term trend. Values decreased substantially in early 2019 compared to late 2018, followed by irregular rises and falls. This variability indicates fluctuating prepayments or other current asset compositions reflective of changing operational needs or timing differences in payment cycles.
Current assets: Current assets generally trended upwards from approximately $7.5 billion in late 2018 to peaks above $13.6 billion by mid-2022. Although some minor declines are apparent in more recent quarters, the overall trend indicates growth in liquid and short-term asset holdings, supporting enhanced liquidity or expansion of working capital.
Property and equipment, net: Net property and equipment values increased gradually over the timeframe, starting just under $1 billion and rising to nearly $2.4 billion by early 2025. This upward trend signifies ongoing capital investments and asset base expansion, albeit at a steady and moderate pace rather than rapid growth.
Goodwill and intangible assets: Goodwill and intangible assets showed a slight but steady decline from around $1.77 billion in late 2018 to just below $1.61 billion in late 2021. Subsequently, the values stabilized with minor fluctuations and a modest recovery towards $1.79 billion by early 2025. This pattern may reflect amortization, impairment adjustments, or acquisitions impacting intangible asset values over time.
Other assets: Other assets increased progressively, moving from around $723 million in late 2018 to over $2.3 billion by early 2025. The consistent rise suggests accumulation of miscellaneous long-term assets or investments contributing to asset diversification and growth.
Long-term assets: Long-term assets remained relatively stable in the earlier periods, hovering around $3.4 billion, before beginning a pronounced upward trend starting mid-2020. This increased steadily to reach nearly $6.5 billion by early 2025, indicating enhanced investment or accumulation of long-duration assets that could support strategic positioning or growth initiatives.
Total assets: Total assets exhibited cyclical behavior early on, fluctuating near $10.5 billion to $12.8 billion between 2018 and 2019, before progressively increasing afterward. From mid-2020, total assets rose substantially, topping $19.9 billion by early 2025. This reflects overall asset growth driven by increases in current, long-term, and other asset categories, indicating expansion of the company's asset base over the timeframe analyzed.

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Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data