Systems Revenue

Customer Support-Related Revenue

Memory

Foundry

Logic/Integrated Device Manufacturing

Total Revenue

c871e1b87ff6e9e2f74030f98f6df59f381c01e2dd73678422fdc131a69da10c

4b6bbe62713e9f9e697fcb45ddbc2f8010297fbac457312baf451358c9843779

Employee headcount (employees)

86fb4b12205b105696b9ac5ae3abb45a86e3d446c164265251d44df7622ca2c9

Adjustments for Non-Cash Items [USD, M]

Stock-Based Compensation [USD, M]

Changes in Working Capital [USD, M]

Capital Expenditures (CapEx) [USD, M]

Proceeds from / Repayments of Debt [USD, M]

Share Repurchases [USD, M]

Dividend Payments [USD, M]

Net Change in Cash [USD, M]

c08010ef734d6dfbe4a1b4dc8d631480703b7a876361a2c43fd8b0d9d490af3a

China

Korea

Japan

Taiwan

United States

Southeast Asia

Europe

1a8c646254d282bb1511f4497e09a36375f28057c70ae156f71da7af62d02e0a

bb96b1c488bd147f8f8d19f09cb5ce0001a0d397289f4a04b74c1aa0b06e8e72

Cash and cash equivalents (USD, thousands)

Accounts receivable, less allowance (USD, thousands)

Inventories (USD, thousands)

Prepaid expenses and other current assets (USD, thousands)

Total current assets (USD, thousands)

Property and equipment, net (USD, thousands)

Goodwill and intangible assets (USD, thousands)

Other assets (USD, thousands)

Total assets (USD, thousands)

Trade accounts payable (USD, thousands)

Accrued expenses and other current liabilities (USD, thousands)

Deferred profit (USD, thousands)

Current portion of long-term debt and finance lease obligations (USD, thousands)

Total current liabilities (USD, thousands)

Long-term debt and finance lease obligations, less current portion (USD, thousands)

Income taxes payable (USD, thousands)

Other long-term liabilities (USD, thousands)

Total liabilities (USD, thousands)

Common stock, at par value (USD, thousands)

Additional paid-in capital (USD, thousands)

Treasury stock, at cost (USD, thousands)

Accumulated other comprehensive loss (USD, thousands)

Retained earnings (USD, thousands)

Total stockholders’ equity (USD, thousands)

Total liabilities and stockholders’ equity (USD, thousands)

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The documents state that while the **current portion of long-term debt** dramatically increased from **$3,779 thousand in Q2 2024** to **$505,066 thousand in Q3 2024**  **[20240424SF96566:4]** **[0000707549-24-000064_lrcx_exhibitx991xq3x2024.htm:4]** , they do not explicitly detail the reasons behind this change. Typically, such a large jump is due to the reclassification of long-term debt that becomes due within the next 12 months, reflecting an increase in short-term repayment obligations. It may also be influenced by new short-term financing arrangements or adjustments in finance lease obligations.  **[20240424SF96566:4]** **[0000707549-24-000064_lrcx_exhibitx991xq3x2024.htm:4]** 

Why did the current portion of long-term debt jump so dramatically in Q3 2024?

The spike in **Common Stock, at par value** in Q1 2025 was primarily driven by a **10-for-1 stock split** that increased the number of issued shares by a factor of 10 while the par value per share remained unchanged at **$0.001**. Additionally, minor adjustments were made due to the company's purchase of treasury stock during the quarter.  **[0000707549-24-000123_lrcx-20241002.htm:1]** **[0000707549-24-000128_lrcx-20240929.htm:5]** 

What drove the sudden spike in common stock at par value in Q1 2025?

The notable increase in total liabilities in Q1 2025 is primarily due to a **significant rise in Other Current Liabilities**, which increased by **$1,004,362** from **$3,833,624** to **$4,837,986**. Additionally, there was a **decrease in Income Taxes Payable** by **$148,587** (from **$813,304** to **$664,717**), while Long-Term Debt remained almost unchanged, further contributing to the overall increase in liabilities.  **[0000707549-24-000128_lrcx-20240929.htm:3]** **[0000707549-24-000125_lrcx_exhibitx991xq1x2025.htm:4]** 

What accounts for the notable increase in total liabilities in Q1 2025?

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Revenue (USD, thousands)

Cost of goods sold (USD, thousands)

Restructuring charges, net - cost of goods sold (USD, thousands)

Total cost of goods sold (USD, thousands)

Gross margin (USD, thousands)

Research and development (USD, thousands)

Selling, general and administrative (USD, thousands)

Restructuring charges, net - operating expenses (USD, thousands)

Total operating expenses (USD, thousands)

Operating income (USD, thousands)

Other income (expense), net (USD, thousands)

Income before income taxes (USD, thousands)

Income tax expense (USD, thousands)

Net income (USD, thousands)

Net income per share - Basic (USD per share)

Net income per share - Diluted (USD per share)

Number of shares used in per share calculations - Basic (thousands)

Number of shares used in per share calculations - Diluted (thousands)

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Net Income (USD, thousands)

Depreciation and Amortization (USD, thousands)

Equity-Based Compensation Expense (USD, thousands)

Other, net - Operating Activities (USD, thousands)

Changes in Operating Assets and Liabilities (USD, thousands)

Net Cash Provided by Operating Activities (USD, thousands)

Capital Expenditures and Intangible Assets (USD, thousands)

Proceeds from Maturities of Available-for-Sales Securities (USD, thousands)

Other, net - Investing Activities (USD, thousands)

Net Cash Used For Investing Activities (USD, thousands)

Principal Payments on Debt, Including Finance Lease Obligations (USD, thousands)

Treasury Stock Purchases, Including Excise Tax Payments (USD, thousands)

Dividends Paid (USD, thousands)

Reissuance of Treasury Stock Related to Employee Stock Purchase Plan (USD, thousands)

Proceeds from Issuance of Common Stock, Net Issuance Costs (USD, thousands)

Other, net - Financing Activities (USD, thousands)

Net Cash Used For Financing Activities (USD, thousands)

Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (USD, thousands)

Net Change in Cash, Cash Equivalents, and Restricted Cash (USD, thousands)

Deferred Income Taxes (USD, thousands)

Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (USD, thousands)

Cash, Cash Equivalents, and Restricted Cash at End of Period (USD, thousands)

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Lam Research Corp (LRCX)

Financials