Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Current Assets

Lam Research Corp., adjusted current assets

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Current assets
Adjustments
Add: Allowance
After Adjustment
Adjusted current assets

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).


Adjustments to Total Assets

Lam Research Corp., adjusted total assets

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance
Less: Noncurrent deferred tax assets, net2
After Adjustment
Adjusted total assets

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax assets, net. See details »


Adjustments to Current Liabilities

Lam Research Corp., adjusted current liabilities

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Current liabilities
Adjustments
Less: Current product warranty reserves
Less: Current restructuring liability
After Adjustment
Adjusted current liabilities

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).


Adjustments to Total Liabilities

Lam Research Corp., adjusted total liabilities

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Noncurrent deferred tax liabilities2
Less: Deferred revenue
Less: Product warranty reserves
Less: Restructuring liability
After Adjustment
Adjusted total liabilities

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Lam Research Corp., adjusted stockholders’ equity

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Stockholders’ equity
Adjustments
Less: Net deferred tax assets (liabilities)1
Add: Allowance
Add: Deferred revenue
Add: Product warranty reserves
Add: Restructuring liability
After Adjustment
Adjusted stockholders’ equity

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).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Lam Research Corp., adjusted capitalization table

US$ in thousands

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Current portion of long-term debt and finance lease obligations
Long-term debt and finance lease obligations, less current portion
Total reported debt
Stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities (included in Accrued expenses and other current liabilities)2
Add: Long-term operating lease liabilities (included in Other long-term liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4
Add: Allowance
Add: Deferred revenue
Add: Product warranty reserves
Add: Restructuring liability
Adjusted stockholders’ equity
After Adjustment
Adjusted total capital

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities (included in Accrued expenses and other current liabilities). See details »

3 Long-term operating lease liabilities (included in Other long-term liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Revenues

Lam Research Corp., adjusted revenue

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Revenue
Adjustment
Add: Increase (decrease) in deferred revenue
After Adjustment
Adjusted revenue

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).


Adjustments to Reported Income

Lam Research Corp., adjusted net income

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
As Reported
Net income
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance
Add: Increase (decrease) in deferred revenue
Add: Increase (decrease) in product warranty reserves
Add: Increase (decrease) in restructuring liability
Add: Other comprehensive income (loss), net of tax
After Adjustment
Adjusted net income

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).

1 Deferred income tax expense (benefit). See details »