← LAM RESEARCH CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $914.0m |
$1.7b
+85.74%
|
$2.4b
+40.22%
|
$2.2b
-7.95%
|
$2.3b
+2.75%
|
$3.9b
+73.57%
|
$4.6b
+17.83%
|
$4.5b
-2.05%
|
$3.8b
-15.14%
|
$5.4b
+39.98%
|
— | |
| Amortization of Debt Issuance Costs | $35.3m | $2.4m | $2.0m | $1.4m | $1.6m | $1.6m | $1.4m | $1.4m | $1.5m | $1.5m | — | |
| Amortization of Debt Issuance Costs and Discounts | $70.5m | $25.3m | $14.4m | $7.3m | $5.9m | — | ($11.9m) | ($23.2m) | — | — | — | |
| Amortization of Intangible Assets | $156.3m | $154.6m | $161.2m | $127.3m | $66.2m | $70.6m | $78.0m | $51.5m | $56.3m | — | — | |
| Depreciation | $134.7m | $152.3m | $165.2m | $182.1m | $198.8m | $229.8m | $248.2m | $282.8m | $299.0m | $329.5m | $441.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $333.7m | $342.4m | $359.7m | $386.3m | $441.5m | |
| Depreciation and amortization | $291.0m | $306.9m | $326.4m | $309.3m | $268.5m | $307.2m | $333.7m | $342.4m | $359.7m | $386.3m | $441.5m | |
| Deferred Income Tax | $49.0m | $104.9m | $3.0m | $5.0m | $17.8m | $151.5m | ($257.4m) | ($172.1m) | ($199.0m) | ($363.2m) | ($289.1m) | |
| Deferred Tax | — | — | — | — | — | — | ($257.4m) | ($172.1m) | ($199.0m) | ($363.2m) | ($289.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $142.3m | $150.0m | $172.2m | $187.2m | $189.2m | $220.2m | $259.1m | $286.6m | $293.1m | $343.4m | $386.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($114.1m) | ($90.5m) | ($61.5m) | ($18.2m) | ($98.8m) | ($111.2m) | ($188.7m) | ($65.7m) | $96.3m | $57.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($1.8b) | $158.7m | $360.5m | $441.8m | ($1.9b) | |
| Accounts receivable, net of allowance | ($169.0m) | ($411.3m) | ($501.6m) | $732.1m | ($641.8m) | ($928.9m) | ($1.3b) | $1.5b | $303.4m | ($858.7m) | ($2.0b) | |
| Change In Receivables | — | — | — | — | — | — | ($1.3b) | $1.5b | $303.4m | ($858.7m) | ($2.0b) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($1.3b) | $1.5b | $303.4m | ($858.7m) | ($2.0b) | |
| Increase (Decrease) in Accounts Receivable | $169.0m | $411.3m | $501.6m | ($732.1m) | $641.8m | $928.9m | $1.3b | ($1.5b) | ($303.4m) | $858.7m | ($2.0b) | |
| Change In Inventory | — | — | — | — | — | — | ($1.4b) | ($962.0m) | $528.7m | ($180.7m) | ($93.9m) | |
| Increase (Decrease) in Inventories | $66.4m | $307.9m | $701.0m | ($281.4m) | $411.6m | $792.6m | $1.4b | $962.0m | ($528.7m) | $180.7m | ($93.9m) | |
| Inventories | ($66.4m) | ($307.9m) | ($701.0m) | $281.4m | ($411.6m) | ($792.6m) | ($1.4b) | ($962.0m) | $528.7m | ($180.7m) | ($93.9m) | |
| Accrued payables for capital expenditures | $28.0m | $17.3m | $24.0m | $23.2m | $37.8m | $61.4m | $80.3m | $31.9m | $60.8m | $80.8m | — | |
| Accrued payables for stock repurchases, including applicable excise tax | $0 | $0 | $116k | $29k | $82k | $20.0m | $46k | $45.5m | $51.5m | $38.5m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $291.3m | ($631.0m) | ($178.7m) | $540.3m | $417.5m | |
| Trade accounts payable | $41.6m | $126.8m | $35.7m | ($131.5m) | $208.5m | $184.6m | $167.9m | ($522.2m) | $125.9m | $212.0m | — | |
| Accrued expenses and other liabilities | $161.1m | $50.3m | $751.8m | ($194.6m) | $211.2m | $409.3m | $123.5m | ($108.8m) | ($304.7m) | $328.3m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $123.5m | ($108.8m) | ($304.7m) | $328.3m | ($39.3m) | |
| Prepaid expenses and other assets | ($46.7m) | ($27.3m) | ($14.4m) | ($17.9m) | ($14.4m) | ($59.2m) | ($53.1m) | $136.0m | ($15.5m) | ($206.7m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.4b |
$2.0b
+50.29%
|
$2.7b
+30.87%
|
$3.2b
+19.59%
|
$2.1b
-33.05%
|
$3.6b
+68.74%
|
$3.1b
-13.61%
|
$5.2b
+67.08%
|
$4.7b
-10.17%
|
$6.2b
+32.69%
|
$5.9b
-5.11%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | $175.3m | $157.4m | $273.5m | $303.5m | $203.2m | $349.1m | ($546.0m) | ($501.6m) | ($396.7m) | ($759.2m) | ($966.4m) | |
| Capital expenditures and intangible assets | ($175.3m) | ($157.4m) | ($273.5m) | ($303.5m) | ($203.2m) | ($349.1m) | ($546.0m) | ($501.6m) | ($396.7m) | ($759.2m) | ($966.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $46.9m | $57.9m | $54.5m | $51.7m | $80.3m | $75.1m | $76.9m | $71.3m | $90.9m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $642.5m | $891.0m | $650.3m | $466.5m | $1.6b | $2.4b | $190.3m | $91.3m | $34.3m | $0 | — | |
| Business acquisitions, net of cash acquired | $0 | $0 | ($115.7m) | $0 | $0 | $0 | $0 | ($120.0m) | $0 | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $115.7m | $0 | $0 | — | — | $120.0m | $0 | $0 | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | ($7.6m) | ($11.2m) | ($11.7m) | $51.1m | $44.3m | |
| Payments for (Proceeds from) Other Investing Activities | ($1.6m) | $12.8m | $15.2m | $7.4m | $25.8m | $42.2m | $7.6m | $11.2m | $11.7m | ($51.1m) | — | |
| Net cash used for investing activities | — | ($2.1b) | $2.7b | ($1.6b) | ($244.1m) | $73.3m | $612.3m | ($534.6m) | ($370.6m) | ($708.1m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($2.1b) | $2.7b | ($1.6b) | ($244.1m) | $73.3m | $612.3m | ($534.6m) | ($370.6m) | ($708.1m) | ($922.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($36.3m) | $542k | $118k | — | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($11.9m) | ($23.2m) | ($256.1m) | ($507.5m) | ($755.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($11.9m) | ($23.2m) | ($256.1m) | ($507.5m) | ($755.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($11.9m) | ($23.2m) | ($256.1m) | ($507.5m) | ($755.4m) | |
| Principal payments on long-term debt and finance lease obligations and payments for debt issuance costs | — | — | — | ($117.7m) | ($667.5m) | ($862.1m) | ($11.9m) | ($23.2m) | ($256.1m) | ($507.5m) | — | |
| Proceeds from Issuance of Long-term Debt | $2.3b | $0 | $0 | $2.5b | $2.0b | $0 | $0 | $23.2m | $256.1m | $507.5m | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($11.9m) | ($23.2m) | ($256.1m) | ($507.5m) | ($755.4m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($815.3m) | ($907.9m) | ($1.0b) | ($1.1b) | ($1.3b) | |
| Common Stock Issuance | — | — | — | — | — | — | $5.7m | $11.1m | $15.6m | $2.5m | $17.4m | |
| Common Stock Payments | — | — | — | — | — | — | ($3.9b) | ($2.0b) | ($2.8b) | ($3.4b) | ($3.9b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $5.7m | $11.1m | $15.6m | $2.5m | $17.4m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($3.9b) | ($2.0b) | ($2.8b) | ($3.4b) | ($3.8b) | |
| Payments for Repurchase of Common Stock | $158.4m | $811.7m | $2.7b | $3.8b | $1.4b | $2.7b | $3.9b | $2.0b | $2.8b | $3.4b | — | |
| Proceeds from Issuance of Common Stock | $3.4m | $12.9m | $9.3m | $6.8m | $8.1m | $24.1m | $5.7m | $11.1m | $15.6m | $2.5m | $17.4m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($3.9b) | ($2.0b) | ($2.8b) | ($3.4b) | ($3.9b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($815.3m) | ($907.9m) | ($1.0b) | ($1.1b) | ($1.3b) | |
| Dividends Payable | $48.1m | $72.7m | $174.4m | $158.9m | $167.1m | $185.4m | $205.6m | $231.3m | $260.9m | $292.0m | — | |
| Dividends paid | $190.4m | $243.5m | $307.6m | $678.3m | $656.8m | $727.0m | $815.3m | $907.9m | $1.0b | $1.1b | ($1.3b) | |
| Net Other Financing Charges | — | — | — | — | — | — | $45k | ($3.6m) | ($13.5m) | $143k | ($13.8m) | |
| Proceeds from (Payments for) Other Financing Activities | ($488k) | ($125k) | $9k | ($13.2m) | $1.9m | ($2.1m) | $45k | ($3.6m) | ($13.5m) | $143k | — | |
| Net cash used for financing activities | — | ($2.6b) |
($3.3b)
-24.30%
|
($2.4b)
+26.95%
|
($623.9m)
+73.90%
|
($4.2b)
-567.86%
|
($4.6b)
-9.89%
|
($2.8b)
+38.18%
|
($4.0b)
-41.16%
|
($4.9b)
-23.54%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | ($2.6b) |
($3.3b)
-24.30%
|
($2.4b)
+26.95%
|
($623.9m)
+73.90%
|
($4.2b)
-567.86%
|
($4.6b)
-9.89%
|
($2.8b)
+38.18%
|
($4.0b)
-41.16%
|
($4.9b)
-23.54%
|
($5.7b)
-15.82%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($63k) | $2.6m | ($855.2m) | $1.3b | ($498.3m) | ($897.2m) | $1.8b | $263.4m | $556.9m | $5.6b | |
| Beginning Cash Position | — | — | — | — | — | — | $4.7b | $3.8b | $5.6b | $5.9b | $6.4b | |
| Cash, cash equivalents and restricted cash at beginning of year | — | $2.6b | $4.8b | $3.9b | $5.2b | $4.7b | $3.8b | $5.6b | $5.9b | $6.4b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($63k) | $2.6m | $3.9b | $5.2b | $4.7b | $3.8b | $5.6b | $5.9b | $6.4b | $5.6b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($63k) | $2.6m | ($4.0m) | ($2.8m) | $7.2m | ($30.2m) | $128k | ($22.4m) | $28.3m | ($27.4m) | |
| Net change in cash, cash equivalents and restricted cash | — | ($2.7b) | $2.1b | ($855.2m) | $1.3b | ($498.3m) | ($897.2m) | $1.8b | $263.4m | $556.9m | — | |
| Restricted cash and cash equivalents | — | $256.2m | $256.3m | $255.2m | $253.9m | $252.5m | $251.5m | $250.3m | $2.9m | $17.0m | — | |
| Effect Of Exchange Rate Changes | — | ($63k) | $2.6m | ($4.0m) | ($2.8m) | $7.2m | ($30.2m) | $128k | ($22.4m) | $28.3m | ($27.4m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($4.6b) | ($2.8b) | ($4.0b) | ($4.9b) | ($5.7b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $612.3m | ($534.6m) | ($370.6m) | ($708.1m) | ($922.2m) | |
| Cash and cash equivalents | $5.0b | $2.4b | $4.5b | $3.7b | $4.9b | $4.4b | $3.5b | $5.3b | $5.8b | $6.4b | $6.4b | |
| Cash payments for income taxes, net | $39.7m | $28.1m | $142.8m | $300.3m | $222.9m | $518.6m | $807.7m | $809.7m | $991.8m | $972.5m | — | |
| Cash payments for interest | $58.8m | $104.6m | $84.4m | $76.9m | $171.9m | $203.9m | $175.5m | $174.7m | $173.1m | $172.4m | — | |
| Change In Account Payable | — | — | — | — | — | — | $167.9m | ($522.2m) | $125.9m | $212.0m | $417.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($897.2m) | $1.8b | $263.4m | $556.9m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $604.6m | $163.5m | ($277.4m) | $1.1b | ($286.4m) | |
| Change In Payable | — | — | — | — | — | — | $167.9m | ($522.2m) | $125.9m | $212.0m | $417.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($53.1m) | $136.0m | ($15.5m) | ($206.7m) | $50.2m | |
| Changes In Cash | — | — | — | — | — | — | ($867.0m) | $1.8b | $285.8m | $528.5m | ($782.3m) | |
| Deferred profit | $27.1m | $258.5m | $112.4m | ($178.1m) | $76.2m | $508.0m | $604.6m | $163.5m | ($277.4m) | $1.1b | — | |
| End Cash Position | — | — | — | — | — | — | $3.8b | $5.6b | $5.9b | $6.4b | $5.6b | |
| Equity-based compensation expense | $142.3m | $150.0m | $172.2m | $187.2m | $189.2m | $220.2m | $259.1m | $286.6m | $293.1m | $343.4m | — | |
| Financing Cash Flow | — | — | — | — | — | — | ($4.6b) |
($2.8b)
+38.18%
|
($4.0b)
-41.16%
|
($4.9b)
-23.54%
|
($5.7b)
-15.82%
|
|
| Foreign Currency Transaction Gain (Loss), before Tax | $308k | ($569k) | ($3.4m) | $826k | ($3.3m) | ($7.0m) | ($723k) | ($7.1m) | ($4.8m) | ($26.4m) | — | |
| Free Cash Flow | — | — | — | — | — | — | $2.6b | $4.7b | $4.3b | $5.4b | $4.9b | |
| Gain (Loss) on Disposition of Assets | $15.2m | $163k | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill | $1.4b | $1.4b | $1.5b | $1.5b | $1.5b | $1.5b | $1.5b | $1.6b | $1.6b | $1.6b | — | |
| Income Tax Expense (Benefit) | $46.1m | $113.9m | $771.1m | $255.1m | $323.2m | $462.3m | $587.8m | $598.3m | $532.5m | $599.9m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $185.2m | $178.2m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $76.9m | $171.9m | $203.9m | $175.5m | $174.7m | $173.1m | $172.4m | — | |
| Investing Cash Flow | — | — | — | — | — | — | $612.3m | ($534.6m) | ($370.6m) | ($708.1m) | ($922.2m) | |
| Investment Income, Interest | $29.5m | $57.9m | $85.8m | $98.8m | $85.4m | $19.7m | $15.2m | $139.0m | $251.9m | $231.3m | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($120.0m) | $0 | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $1.2b | $98.1m | $37.8m | $0 | $0 | |
| Operating Expenses | $1.5b | $1.7b | $2.0b | $1.9b | $1.9b | $2.3b | $2.5b | $2.6b | $2.8b | $3.1b | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($5.0m) | ($9.0m) | ($3.7m) | — | — | — | — | — | — | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | ($44.8m) | $52.3m | $10.2m | $6.8m | — | |
| Other, net | ($488k) | ($125k) | $9k | ($13.2m) | $1.9m | ($2.1m) | $45k | ($3.6m) | ($13.5m) | $143k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $108.2m | $109.9m | $120.0m | $140.1m | $156.0m | |
| Proceeds from maturities of available-for-sale securities | $642.5m | $891.0m | $650.3m | $466.5m | $1.6b | $2.4b | $190.3m | $91.3m | $34.3m | $0 | — | |
| Proceeds from sales of available-for-sale securities | $1.0b | $1.8b | $5.0b | $1.1b | $1.2b | $1.5b | $1.5b | $6.8m | $3.4m | $0 | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($120.0m) | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($567.8m) | $0 | $0 | — | $0 | |
| Reissuances of treasury stock related to employee stock purchase plan | $56.0m | $59.7m | $75.6m | $78.0m | $85.4m | $97.8m | $108.2m | $109.9m | $120.0m | $140.1m | — | |
| Sale Of Investment | — | — | — | — | — | — | $1.7b | $98.1m | $37.8m | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $259.1m | $286.6m | $293.1m | $343.4m | $386.4m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Treasury stock purchases | ($158.4m) | ($811.7m) | ($2.7b) | ($3.8b) | ($1.4b) | ($2.7b) | ($3.9b) | ($2.0b) | ($2.8b) | ($3.4b) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.