Balance Sheet: Liabilities and Stockholders’ Equity
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.

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

	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	854,208)	853,308)	822,278)	704,247)	613,966)	531,648)	499,704)	528,163)	470,702)	601,930)	919,408)	1,146,286)	1,011,208)	1,007,026)	952,666)	837,708)	829,710)	760,942)	722,490)	662,674)	592,387)	498,860)	452,779)	415,808)
Accrued expenses and other current liabilities	2,394,366)	1,999,892)	2,095,989)	2,196,424)	1,801,877)	1,791,642)	1,975,945)	2,120,055)	2,010,637)	1,990,147)	2,068,370)	1,948,776)	1,974,272)	1,634,917)	1,770,406)	1,633,729)	1,719,483)	1,292,174)	1,479,242)	1,333,568)	1,272,655)	1,024,793)	1,114,013)	990,035)
Deferred profit	2,565,540)	1,882,339)	1,927,893)	1,937,315)	1,417,781)	1,601,733)	1,792,955)	1,595,098)	1,695,221)	1,840,795)	1,551,918)	1,951,210)	1,571,898)	1,545,109)	1,133,878)	931,415)	967,325)	733,783)	556,474)	576,488)	457,523)	539,601)	366,417)	406,681)
Current portion of long-term debt and finance lease obligations	754,311)	754,306)	504,136)	504,682)	504,814)	505,066)	3,779)	3,861)	8,358)	8,457)	7,226)	7,110)	7,381)	7,689)	6,201)	6,368)	11,349)	825,434)	832,847)	834,138)	839,877)	42,407)	632,292)	645,158)
Current liabilities	6,568,425)	5,489,845)	5,350,296)	5,342,668)	4,338,438)	4,430,089)	4,272,383)	4,247,177)	4,184,918)	4,441,329)	4,546,922)	5,053,382)	4,564,759)	4,194,741)	3,863,151)	3,409,220)	3,527,867)	3,612,333)	3,591,053)	3,406,868)	3,162,442)	2,105,661)	2,565,501)	2,457,682)
Long-term debt and finance lease obligations, less current portion	3,730,194)	3,730,034)	4,478,148)	4,479,087)	4,478,520)	4,478,385)	4,980,005)	4,980,460)	5,003,183)	4,996,920)	4,996,057)	4,996,363)	4,998,449)	5,000,657)	4,988,121)	4,988,964)	4,990,333)	4,991,613)	4,992,496)	4,993,495)	4,970,848)	5,043,931)	3,786,067)	3,788,089)
Income taxes payable	603,412)	690,660)	669,747)	664,717)	813,304)	832,397)	797,556)	780,511)	882,084)	885,348)	862,405)	840,214)	931,117)	916,668)	891,545)	881,325)	948,037)	924,629)	902,047)	879,870)	909,709)	889,287)	872,778)	856,895)
Other long-term liabilities	581,610)	546,666)	533,699)	574,126)	575,012)	516,678)	511,430)	482,979)	501,286)	512,376)	496,362)	418,756)	422,941)	450,475)	466,830)	466,000)	398,727)	381,505)	376,230)	351,283)	332,559)	350,603)	272,043)	261,890)
Long-term liabilities	4,915,216)	4,967,360)	5,681,594)	5,717,930)	5,866,836)	5,827,460)	6,288,991)	6,243,950)	6,386,553)	6,394,644)	6,354,824)	6,255,333)	6,352,507)	6,367,800)	6,346,496)	6,336,289)	6,337,097)	6,297,747)	6,270,773)	6,224,648)	6,213,116)	6,283,821)	4,930,888)	4,906,874)
Total liabilities	11,483,641)	10,457,205)	11,031,890)	11,060,598)	10,205,274)	10,257,549)	10,561,374)	10,491,127)	10,571,471)	10,835,973)	10,901,746)	11,308,715)	10,917,266)	10,562,541)	10,209,647)	9,745,509)	9,864,964)	9,910,080)	9,861,826)	9,631,516)	9,375,558)	8,389,482)	7,496,389)	7,364,556)
Temporary equity, convertible notes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	3,217)	5,515)	6,307)	10,995)	11,546)	38,304)	42,553)
Preferred stock, at par value of $0.001 per share; none outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, at par value of $0.001 per share	1,268)	1,283)	1,285)	1,292)	130)	131)	131)	132)	133)	135)	135)	136)	137)	139)	140)	141)	143)	143)	143)	145)	145)	145)	142)	145)
Additional paid-in capital	8,697,290)	8,529,007)	8,439,903)	8,303,014)	8,225,303)	8,082,339)	7,997,251)	7,879,031)	7,809,002)	7,680,059)	7,606,149)	7,492,822)	7,414,916)	7,289,393)	7,220,359)	7,111,803)	7,052,962)	6,922,023)	6,854,681)	6,761,545)	6,695,858)	6,577,822)	6,528,821)	6,456,492)
Treasury stock, at cost	(27,763,430)	(26,455,865)	(26,024,098)	(25,374,657)	(24,366,866)	(23,984,518)	(23,004,358)	(22,365,872)	(21,530,353)	(20,627,829)	(20,071,931)	(19,591,249)	(19,481,429)	(18,616,780)	(17,294,255)	(16,863,573)	(15,646,701)	(15,212,934)	(14,135,555)	(13,416,986)	(12,949,889)	(12,918,730)	(12,673,292)	(11,680,689)
Accumulated other comprehensive loss	(62,423)	(123,911)	(134,085)	(87,803)	(130,428)	(127,788)	(117,694)	(121,350)	(100,706)	(105,095)	(108,871)	(133,765)	(109,982)	(97,666)	(88,146)	(81,768)	(64,128)	(63,297)	(56,126)	(82,672)	(94,211)	(112,676)	(60,247)	(72,560)
Retained earnings	28,988,914)	27,560,591)	26,525,021)	25,630,045)	24,811,315)	24,051,937)	23,347,148)	22,655,389)	22,032,096)	21,460,118)	20,879,153)	19,644,623)	18,454,724)	17,451,404)	16,637,683)	15,653,440)	14,684,912)	13,725,681)	12,839,890)	12,157,153)	11,520,591)	10,991,046)	10,584,005)	10,233,005)
Stockholders’ equity	9,861,619)	9,511,105)	8,808,026)	8,471,891)	8,539,454)	8,022,101)	8,222,478)	8,047,330)	8,210,172)	8,407,388)	8,304,635)	7,412,567)	6,278,366)	6,026,490)	6,475,781)	5,820,043)	6,027,188)	5,371,616)	5,503,033)	5,419,185)	5,172,494)	4,537,607)	4,379,429)	4,936,393)
Total liabilities and stockholders’ equity	21,345,260)	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)

Trade accounts payable: Trade accounts payable exhibited a general upward trend from 415,808 thousand USD in September 2019 to 1,146,286 thousand USD by September 2022. After a significant decline to 470,702 thousand USD in March 2023, values moderately recovered, reaching 854,208 thousand USD by June 2025. This indicates fluctuations with a substantial peak followed by a correction and partial recovery.
Accrued expenses and other current liabilities: This category steadily increased overall, starting at 990,035 thousand USD in September 2019, peaking at around 2,068,370 thousand USD in December 2022. After a slight dip to approximately 1,970,147 thousand USD in March 2023, the amounts fluctuated but generally stayed elevated, ending at 2,394,366 thousand USD in June 2025.
Deferred profit: Deferred profit showed considerable growth from 406,681 thousand USD in September 2019 to a peak of 1,951,210 thousand USD in September 2022. Subsequent quarters exhibited volatility, with a trough near 1,411,781 thousand USD in September 2023, followed by growth to 2,565,540 thousand USD by June 2025. The data suggests increased deferred profit over time with intermittent reversals.
Current portion of long-term debt and finance lease obligations: There is notable volatility in the current portion of long-term debt, with values sharply dropping from over 600,000 thousand USD in late 2019 to around 7,000 thousand USD during much of 2021 and 2022. A substantial increase occurred from September 2023 onward, rising to around 754,311 thousand USD by June 2025, indicating shifting debt repayment structures or refinancing activities.
Current liabilities: Current liabilities generally increased from 2,457,682 thousand USD in September 2019, reaching a peak near 5,053,382 thousand USD in September 2022, then slightly decreasing to around 4,184,918 thousand USD in March 2023 before rising again to 6,568,425 thousand USD by June 2025. This overall upward trajectory reflects growing short-term obligations over the period.
Long-term debt and finance lease obligations, less current portion: Long-term debt excluding the current portion was stable near 3,788,000 thousand USD in late 2019 but spiked to about 5,043,931 thousand USD in March 2020, maintaining near 5,000,000 thousand USD until early 2023. From March 2023 onward, a steady decline occurred, dropping to approximately 3,730,194 thousand USD by June 2025, possibly reflecting principal repayments or refinancing impacts.
Income taxes payable: Income taxes payable showed moderate fluctuations around 800,000 to 900,000 thousand USD during most periods, peaking near 948,037 thousand USD in June 2021. From March 2023, a declining trend ensued, reaching 603,412 thousand USD by June 2025, indicating potentially lower taxable income or effective tax payments.
Other long-term liabilities: Other long-term liabilities gradually increased from 261,890 thousand USD in September 2019 to 581,610 thousand USD in June 2025, with steady incremental growth and minor fluctuations, suggesting growing non-debt-related long-term obligations.
Long-term liabilities: Long-term liabilities followed a similar pattern as long-term debt with an increase from 4,906,874 thousand USD in September 2019 to about 6,394,644 thousand USD in December 2022. A decline started afterward, dropping to 4,915,216 thousand USD by June 2025, aligning closely with decreased long-term debt levels.
Total liabilities: Total liabilities moved from 7,364,556 thousand USD in September 2019 to a peak of approximately 11,308,715 thousand USD in September 2022. Following this, a gradual reduction occurred through the subsequent periods, reaching about 11,483,641 thousand USD by June 2025, indicating a relative stabilization after earlier growth.
Temporary equity, convertible notes: Convertible notes were present in earlier periods but diminished rapidly from 42,553 thousand USD in September 2019 to zero from December 2021 onward, implying conversion, repayment, or extinguishment of these instruments.
Common stock, at par value: Common stock par value remained largely stable around 130 to 145 thousand USD throughout the periods, indicating no significant issuance or retirement of common stock shares.
Additional paid-in capital: This capital consistently grew from approximately 6,456,492 thousand USD in September 2019 to 8,697,290 thousand USD by June 2025, highlighting ongoing equity contributions or retained earnings impacts boosting shareholder equity.
Treasury stock, at cost: Treasury stock, represented as a negative balance, increased in absolute terms from -11,680,689 thousand USD in September 2019 to -27,763,430 thousand USD in June 2025. This persistent rise suggests ongoing stock repurchases or holdings of treasury shares, reducing net equity.
Accumulated other comprehensive loss: Accumulated other comprehensive loss fluctuated between -60,000 and -135,000 thousand USD with no clear long-term trend, reflecting variations in items such as foreign currency translation or unrealized gains/losses over time.
Retained earnings: Retained earnings showed a strong, steady increase from 10,233,005 thousand USD in September 2019 to 28,988,914 thousand USD by June 2025, indicative of sustained profitability and retention of earnings within the company.
Stockholders’ equity: Stockholders’ equity fluctuated, initially declining from 4,936,393 thousand USD in September 2019 to a low point near 4,379,429 thousand USD in December 2019, then generally increased with some volatility to reach 9,861,619 thousand USD in June 2025, supported by rising additional paid-in capital and retained earnings, despite significant treasury stock.
Total liabilities and stockholders’ equity: The combined total increased overall from approximately 12,343,502 thousand USD in September 2019 to over 21,345,260 thousand USD by June 2025. This reflects growth in the company’s total financial position over the period, driven primarily by expanded liabilities and equity components, alongside considerable treasury stock activity.

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Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data