Lam Research Corp., current enterprise value calculation

Current share price (P)	$70.17
No. shares of common stock outstanding	1,286,685,000
US$ in thousands
Common equity (market value)¹	90,286,686)
Add: Preferred stock, at par value of $0.001 per share; none outstanding (per books)	—)
Total equity	90,286,686)
Add: Current portion of long-term debt and finance lease obligations (per books)	504,814)
Add: Long-term debt and finance lease obligations, less current portion (per books)	4,478,520)
Total equity and debt	95,270,020)
Less: Cash and cash equivalents	5,847,856)
Enterprise value (EV)	89,422,164)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 70.17 × 1,286,685,000

Lam Research Corp., EV calculation

	Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
Share price^1, 2	$79.73	$65.58	$46.30	$57.90	$37.46	$20.68
No. shares of common stock outstanding¹	1,298,760,000	1,325,117,010	1,369,877,920	1,419,536,810	1,456,252,250	1,445,329,980
US$ in thousands
Common equity (market value)³	103,550,135)	86,901,174)	63,425,348)	82,191,181)	54,551,209)	29,889,424)
Add: Preferred stock, at par value of $0.001 per share; none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	103,550,135)	86,901,174)	63,425,348)	82,191,181)	54,551,209)	29,889,424)
Add: Current portion of long-term debt and finance lease obligations (book value)	504,814)	8,358)	7,381)	11,349)	839,877)	667,131)
Add: Long-term debt and finance lease obligations, less current portion (book value)	4,478,520)	5,003,183)	4,998,449)	4,990,333)	4,970,848)	3,822,768)
Total equity and debt	108,533,469)	91,912,715)	68,431,178)	87,192,863)	60,361,934)	34,379,323)
Less: Cash and cash equivalents	5,847,856)	5,337,056)	3,522,001)	4,418,263)	4,915,172)	3,658,219)
Enterprise value (EV)	102,685,613)	86,575,659)	64,909,177)	82,774,600)	55,446,762)	30,721,104)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Lam Research Corp. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 79.73 × 1,298,760,000

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Lam Research Corp. EV increased from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp. (NASDAQ:LRCX)

Enterprise Value (EV)