Common-Size Balance Sheet: Assets
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- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Analysis of Revenues
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Lam Research Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2025-06-29), 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).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits a general decreasing trend from 33.76% in 2020 to 20.48% in 2022, followed by a recovery to around 30% by 2024 and 2025. This pattern suggests fluctuating liquidity levels, with a notable dip in 2022 potentially indicating increased utilization of cash or investment activities, then a partial replenishment in subsequent years.
- Accounts receivable, less allowance
- The percentage of accounts receivable shows an increase from 14.4% in 2020 to a peak of 25.09% in 2022, after which it declines sharply to 13.44% in 2024 and then slightly rises to 15.83% in 2025. This trend may reflect changes in credit policies or sales cycles, with a significant buildup in receivables in 2022 possibly indicating slower collections or higher sales on credit, followed by improvements in subsequent periods.
- Inventories
- Inventories steadily increase from 13.05% in 2020 to a maximum of 25.64% in 2023, then decrease to 20.18% by 2025. This rise could correspond to stockpiling or anticipation of demand growth, whereas the decline after 2023 might suggest better inventory management or a shift in operational strategy.
- Prepaid expenses and other current assets
- This category declines notably from 13.33% in 2020 to a low of 1.34% in 2023, with minor increases afterward. The sharp decrease indicates a reduction in prepaid costs and other liquid current assets, signifying possible changes in payment terms or expense recognition policies.
- Current assets
- Overall current assets as a percentage of total assets show a gradual decline from 74.55% in 2020 to 68.01% in 2025. The narrowing proportion suggests a shift in asset allocation away from shorter-term assets toward longer-term investments or other asset classes over the period.
- Property and equipment, net
- Long-term tangible assets increase steadily from 7.36% in 2020 to 11.49% in 2024, slightly tapering in 2025. This upward trend indicates ongoing capital expenditures or investments in property and equipment, pointing to potential capacity expansions or upgrades.
- Goodwill and intangible assets, net
- The share of goodwill and intangible assets decreases moderately from 11.35% in 2020 to 8.47% in 2025, suggesting possible amortization, impairments, or divestitures of intangible assets over time.
- Other assets
- Other assets increase progressively from 6.74% in 2020 to 12.14% in 2025, which may reflect growing investments in non-traditional or miscellaneous asset categories, contributing to diversification of the asset base.
- Long-term assets
- The aggregate long-term assets proportion consistently rises from 25.45% in 2020 to nearly 32% by 2025, indicating a deliberate strategic shift toward emphasizing long-term holdings and potentially reduced reliance on current assets.
- Total assets
- The total assets uniformly represent 100% each year by definition, serving as the base for analysis of component changes described above.