Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

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Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014
Trade accounts payable 592,387  498,860  452,779  415,808  376,561  416,187  343,942  384,403  510,983  630,912  421,788  471,805  464,643  473,415  445,113  349,743  348,199  373,164  230,974  254,331  300,203  322,160  296,423  249,779 
Accrued expenses and other current liabilities 1,272,655  1,024,793  1,114,013  990,035  946,641  1,046,938  1,203,577  1,347,872  1,309,209  1,145,341  1,339,612  1,078,998  969,361  850,762  847,167  765,655  772,910  655,945  757,260  733,233  649,438  588,866  637,505  578,968 
Deferred profit 457,523  539,601  366,417  406,681  381,317  378,396  432,216  542,321  720,086  748,902  748,635  597,921  607,672  527,274  407,843  417,855  349,199  334,095  261,049  324,985  322,070  303,284  254,765  251,779 
Current portion of long-term debt and finance lease obligations 839,877  42,407  632,292  645,158  667,131  964,107  187,102  550,369  610,030  1,423,265  1,401,660  639,907  908,439  905,288  957,895  952,999  949,494  978,982  973,697  969,392  1,359,650  520,686  519,963  519,099 
Current liabilities 3,162,442  2,105,661  2,565,501  2,457,682  2,371,650  2,805,628  2,166,837  2,824,965  3,150,308  3,948,420  3,911,695  2,788,631  2,950,115  2,756,739  2,658,018  2,486,252  2,419,802  2,342,186  2,222,980  2,281,941  2,631,361  1,734,996  1,708,656  1,599,625 
Long-term debt and finance lease obligations, less current portion 4,970,848  5,043,931  3,786,067  3,788,089  3,822,768  3,801,514  1,813,190  1,805,091  1,806,562  1,781,731  1,789,958  1,793,477  1,784,974  1,777,297  1,768,713  3,378,179  3,383,581  1,407,250  1,404,683  1,400,615  1,001,382  1,831,094  830,880  824,269 
Income taxes payable 909,709  889,287  872,778  856,895  892,790  863,155  859,232  845,740  851,936  818,700  818,880  129,611  120,178  137,173  238,968  241,671  231,514  266,681  257,502  247,448  202,930  205,536  205,535  217,118 
Other long-term liabilities 332,559  350,603  272,043  261,890  190,821  83,986  87,827  100,144  90,629  230,620  118,177  278,733  280,186  282,615  262,351  142,910  134,562  137,017  135,303  127,607  184,023  189,291  183,678  179,711 
Long-term liabilities 6,213,116  6,283,821  4,930,888  4,906,874  4,906,379  4,748,655  2,760,249  2,750,975  2,749,127  2,831,051  2,727,015  2,201,821  2,185,338  2,197,085  2,270,032  3,762,760  3,749,657  1,810,948  1,797,488  1,775,670  1,388,335  2,225,921  1,220,093  1,221,098 
Total liabilities 9,375,558  8,389,482  7,496,389  7,364,556  7,278,029  7,554,283  4,927,086  5,575,940  5,899,435  6,779,471  6,638,710  4,990,452  5,135,453  4,953,824  4,928,050  6,249,012  6,169,459  4,153,134  4,020,468  4,057,611  4,019,696  3,960,917  2,928,749  2,820,723 
Temporary equity, convertible notes 10,995  11,546  38,304  42,553  49,439  49,783  57,009  58,812  78,192  80,973  130,424  136,996  169,861  175,108  197,313  202,467  207,552  178,789  177,662  178,665  241,808  180,569  181,505  182,432 
Preferred stock, at par value of $0.001 per share; none outstanding —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock, at par value of $0.001 per share 145  145  142  145  144  150  154  153  157  164  159  162  162  164  162  162  160  159  159  158  159  158  159  159 
Additional paid-in capital 6,695,858  6,577,822  6,528,821  6,456,492  6,409,405  6,315,495  6,256,942  6,195,024  6,144,425  6,005,557  5,959,945  5,891,549  5,845,485  5,727,320  5,668,325  5,627,839  5,572,898  5,559,205  5,516,129  5,479,238  5,366,773  5,380,309  5,328,767  5,291,844 
Treasury stock, at cost (12,949,889) (12,918,730) (12,673,292) (11,680,689) (11,602,573) (10,509,750) (9,573,486) (9,582,409) (7,846,476) (6,551,630) (6,470,434) (5,375,920) (5,216,187) (4,701,388) (4,497,714) (4,421,665) (4,429,317) (4,420,356) (4,408,777) (4,395,980) (4,302,847) (4,233,394) (4,118,752) (4,050,035)
Accumulated other comprehensive loss (94,211) (112,676) (60,247) (72,560) (64,030) (62,660) (64,692) (57,729) (57,449) (65,431) (64,160) (52,787) (61,700) (75,602) (70,077) (57,000) (69,333) (55,890) (68,781) (62,958) (57,796) (63,240) (45,391) (38,732)
Retained earnings 11,520,591  10,991,046  10,584,005  10,233,005  9,930,919  9,547,961  9,165,445  8,767,786  8,261,194  7,414,395  6,717,621  6,808,174  6,249,691  5,795,760  5,295,000  5,035,547  4,820,109  4,609,221  4,513,561  4,337,697  4,096,855  4,013,222  3,835,652  3,687,437 
Stockholders’ equity 5,172,494  4,537,607  4,379,429  4,936,393  4,673,865  5,291,196  5,784,363  5,322,825  6,501,851  6,803,055  6,143,131  7,271,178  6,817,451  6,746,254  6,395,696  6,184,883  5,894,517  5,692,339  5,552,291  5,358,155  5,103,144  5,097,055  5,000,435  4,890,673 
Total liabilities and stockholders’ equity 14,559,047  12,938,635  11,914,122  12,343,502  12,001,333  12,895,262  10,768,458  10,957,577  12,479,478  13,663,499  12,912,265  12,398,626  12,122,765  11,875,186  11,521,059  12,636,362  12,271,528  10,024,262  9,750,421  9,594,431  9,364,648  9,238,541  8,110,689  7,893,828 

Based on: 10-K (filing date: 2020-08-18), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-K (filing date: 2019-08-20), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-30), 10-Q (filing date: 2018-10-23), 10-K (filing date: 2018-08-14), 10-Q (filing date: 2018-04-24), 10-Q (filing date: 2018-01-30), 10-Q (filing date: 2017-10-23), 10-K (filing date: 2017-08-15), 10-Q (filing date: 2017-04-24), 10-Q (filing date: 2017-01-30), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-17), 10-Q (filing date: 2016-04-25), 10-Q (filing date: 2016-02-03), 10-Q (filing date: 2015-11-03), 10-K (filing date: 2015-08-13), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-02-03), 10-Q (filing date: 2014-11-03).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Lam Research Corp.’s current liabilities decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Lam Research Corp.’s long-term liabilities increased from Q2 2020 to Q3 2020 but then slightly decreased from Q3 2020 to Q4 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Lam Research Corp.’s total liabilities increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Lam Research Corp.’s stockholders’ equity increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.