Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
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Lam Research Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).
- Net Income
- The company's net income showed a general upward trend from 2019 through 2022, starting at approximately 2.19 billion USD and peaking at about 4.61 billion USD in 2022. However, there was a decline in the following years, with net income dropping to roughly 3.83 billion USD by mid-2024.
- Foreign Currency Translation Adjustment
- The foreign currency translation adjustment fluctuated notably over the periods. It recorded negative values in several years, including -66,480 USD in 2019 and -50,342 USD in 2022, with occasional positive swings, such as 14,398 USD in 2021 and 6,858 USD in 2023. The adjustment ended with a negative figure of -29,080 USD in 2024, indicating exchange rate volatility impacting the financial results.
- Net Unrealized Gains (Losses) During the Period
- There was significant variability in net unrealized gains and losses. For instance, the figure was negative in 2020 at -30,603 USD but recovered to positive amounts in subsequent years, reaching 30,849 USD in 2022. The most recent reported figure in 2024 was 20,370 USD, indicating continued fluctuations in the valuation of certain assets or financial instruments.
- Net (Gains) Losses Reclassified Into Net Income
- This item exhibited volatility, with gains and losses moving from negative to positive values across periods. It reached as low as -29,054 USD in 2022 and as high as 2,137 USD in 2020, ending with a significant negative amount of -27,370 USD in 2024, implying variable adjustments that affected reported income.
- Cash Flow Hedges
- Cash flow hedges experienced extreme swings, with a deep negative value of -28,466 USD in 2020, a recovery to positive 18,671 USD in 2021, followed by smaller positive or negative amounts, concluding at -7,000 USD in 2024. This pattern suggests active hedging strategies with fluctuating effectiveness or underlying risk exposure.
- Available-for-Sale Investments
- Values related to available-for-sale investments alternated between positive and negative, starting positively at 3,336 USD in 2019, turning negative in 2021 and 2022, and ending moderately positive at 304 USD in 2024, reflecting varying market conditions impacting investment valuations.
- Defined Benefit Plans, Net Change in Unrealized Component
- This item mostly showed positive changes in unrealized components of defined benefit plans, with notable increases in 2022 and 2024 (5,941 USD and 6,054 USD respectively), indicating possible actuarial gains or changes in assumptions affecting pension obligations.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income or loss after tax was highly volatile. Negative figures dominated in 2019, 2020, 2022, and 2024, with a sharp negative swing of -45,854 USD in 2022 and -29,722 USD in 2024. Positive values appeared in 2021 and 2023, suggesting episodic favorable comprehensive income components.
- Comprehensive Income
- Comprehensive income trends closely mirrored net income, showing growth from 2019 through 2021, peaking near 4.56 billion USD in 2022, followed by a modest decline thereafter. It ended at approximately 3.80 billion USD in 2024, reflecting both operational performance and the effects of comprehensive income components.