Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in thousands

	Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
Trade accounts payable	613,966)	470,702)	1,011,208)	829,710)	592,387)	376,561)
Accrued compensation	516,717)	481,354)	481,070)	552,925)	402,401)	336,090)
Warranty reserves	228,060)	256,781)	232,248)	176,030)	117,839)	127,932)
Income and other taxes payable	186,700)	460,630)	465,601)	348,206)	215,652)	49,926)
Dividend payable	260,905)	231,267)	205,615)	185,431)	167,129)	158,868)
Restructuring	607)	8,014)	—)	—)	—)	—)
Other	608,888)	572,591)	589,738)	456,891)	369,634)	273,825)
Accrued expenses and other current liabilities	1,801,877)	2,010,637)	1,974,272)	1,719,483)	1,272,655)	946,641)
Deferred profit	1,417,781)	1,695,221)	1,571,898)	967,325)	457,523)	381,317)
Current portion of long-term debt and finance lease obligations	504,814)	8,358)	7,381)	11,349)	839,877)	667,131)
Current liabilities	4,338,438)	4,184,918)	4,564,759)	3,527,867)	3,162,442)	2,371,650)
Long-term debt and finance lease obligations, less current portion	4,478,520)	5,003,183)	4,998,449)	4,990,333)	4,970,848)	3,822,768)
Income taxes payable	813,304)	882,084)	931,117)	948,037)	909,709)	892,790)
Other long-term liabilities	575,012)	501,286)	422,941)	398,727)	332,559)	190,821)
Long-term liabilities	5,866,836)	6,386,553)	6,352,507)	6,337,097)	6,213,116)	4,906,379)
Total liabilities	10,205,274)	10,571,471)	10,917,266)	9,864,964)	9,375,558)	7,278,029)
Temporary equity, convertible notes	—)	—)	—)	—)	10,995)	49,439)
Preferred stock, at par value of $0.001 per share; none outstanding	—)	—)	—)	—)	—)	—)
Common stock, at par value of $0.001 per share	130)	133)	137)	143)	145)	144)
Additional paid-in capital	8,225,303)	7,809,002)	7,414,916)	7,052,962)	6,695,858)	6,409,405)
Treasury stock, at cost	(24,366,866)	(21,530,353)	(19,481,429)	(15,646,701)	(12,949,889)	(11,602,573)
Accumulated other comprehensive loss	(130,428)	(100,706)	(109,982)	(64,128)	(94,211)	(64,030)
Retained earnings	24,811,315)	22,032,096)	18,454,724)	14,684,912)	11,520,591)	9,930,919)
Stockholders’ equity	8,539,454)	8,210,172)	6,278,366)	6,027,188)	5,172,494)	4,673,865)
Total liabilities and stockholders’ equity	18,744,728)	18,781,643)	17,195,632)	15,892,152)	14,559,047)	12,001,333)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Lam Research Corp. current liabilities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Lam Research Corp. long-term liabilities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Lam Research Corp. total liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Lam Research Corp. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: Liabilities and Stockholders’ Equity