Lam research corporation (LRCX)
CashFlow / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

2,191,430

2,380,681

1,697,763

914,049

655,577

632,289

113,879

168,723

723,748

346,669

-302,148

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

309,281

326,395

306,905

291,028

277,920

292,254

304,116

100,825

74,759

71,401

72,417

Deferred income taxes

-4,980

3,046

104,936

-49,003

5,551

7,537

-70,155

42,446

-10,721

13,718

30,545

Impairment of long-lived assets

-

-

-

-

9,821

11,632

-

-

-

-

-

Restructuring charges, net

-

-

-

-

-

-

-

-

11,579

24,752

65,506

Equity-based compensation expense

187,234

172,216

149,975

142,348

135,354

103,700

99,330

81,559

53,012

50,463

53,042

Income tax benefit on equity-based compensation plans

0

0

38,747

-1,023

11,316

5,973

-483

1,510

28,775

10,635

-14,294

Excess tax benefits on equity-based compensation plans

0

0

38,635

-1,020

11,398

6,065

-539

2,686

23,290

10,234

-6,273

Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings

0

42,500

0

0

-

-

3,711

1,724

-

-

-

Gain (Loss) on Extinguishment of Debt

118

542

-36,252

0

0

-

-

-

-

-

-

Amortization of note discounts and issuance costs

7,343

14,428

25,282

70,522

37,550

35,482

33,920

-

-

-

-

Gain on sale of business

-

-

-

-

7,431

0

-

-

-

-

-

Gain on sale of assets

0

0

163

15,223

0

83,090

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

-

-

0

-

-

-

Goodwill impairment

-

-

-

-

79,444

0

0

-

-

-

96,255

Amortization of convertible note discount

-

-

-

-

-

-

-

27,028

3,554

-

-

Other, net

5,701

-34,260

-19,052

-48,788

-12,656

-12,669

-37,201

-11,743

2,341

-3,190

9,353

Changes in operating asset and liability accounts:
Accounts receivable, net of allowance

-732,138

501,628

411,287

169,034

294,155

201,549

-162,634

-66,064

89,716

246,653

-152,086

Inventories

-281,355

701,008

307,875

66,371

207,462

190,058

-76,351

-73,987

77,461

79,701

-46,052

Prepaid expenses and other assets

17,864

14,391

27,269

46,664

52,496

11,923

-518

-43,171

25,282

23,647

-5,888

Trade accounts payable

-131,472

35,655

126,819

41,645

76,617

18,704

-58,081

12,145

42,320

71,600

-39,381

Deferred profit

-178,074

112,413

258,473

27,129

86,146

10,886

60,205

-9,236

34,012

77,407

-82,464

Accrued expenses and other liabilities

-194,559

751,766

50,307

161,066

-29,507

78,608

-43,752

-119,975

138,080

41,113

-177,259

Net cash provided by operating activities

3,176,013

2,655,747

2,029,282

1,350,277

785,503

717,049

719,933

499,028

881,028

350,713

-78,129

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures and intangible assets

303,491

273,469

157,419

175,330

198,265

145,503

160,795

107,272

127,495

35,590

44,282

Business acquisition, net of cash acquired

0

115,697

0

0

1,137

30,227

9,916

-418,681

-

-

19,457

Purchases of available-for-sale securities

2,930,049

2,532,829

4,581,851

874,998

3,086,808

1,312,244

1,097,956

883,429

564,485

192,755

209,298

Maturities of available-for-sales securities

466,539

650,255

891,002

642,505

-

-

-

-

-

-

-

Sales of available-for-sale securities

1,137,302

5,035,460

1,806,963

1,031,321

-

-

-

-

-

-

-

Sales and maturities of available-for-sale securities

-

-

-

-

2,137,068

1,028,278

1,039,551

841,440

210,962

114,768

383,062

(Issuance) repayment of notes receivable, net

-

-

-

-

-

-

10,000

-

-

-

-

Purchase of other investments

-

-

-

-

2,500

0

-

10,740

417

2,184

3,439

Receipt of loan payments (loans made)

-

-

-

-

-

-

-

-8,375

-

-800

-

Proceeds from sale of assets

0

0

1,291

79,730

0

156,397

660

2,677

1,544

-

-

Proceeds from sale of business

-

-

-

-

41,212

0

-

-

-

-

-

Loans made

-

-

-

-

-

-

-

-

-

-

8,375

Transfer of restricted cash and investments

-

-

-

112,381

-356

-28,085

181

6

22

-13,205

92,206

Other, net

7,355

15,184

12,815

-1,636

-3,978

-10,000

-

-

-

-

-

Net cash provided by (used for) investing activities

-1,637,054

2,748,536

-2,052,829

592,483

-1,106,096

-265,214

-238,637

269,726

-479,913

-103,356

6,005

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt

117,653

755,694

1,688,313

451,497

1,515

1,658

2,234

5,265

4,530

21,040

256,047

Net proceeds from issuance of long-term debt

2,476,720

0

0

2,338,144

992,225

0

-

-

882,831

336

625

Net repayments of commercial paper

-361,754

359,604

0

-

-

-

-

-

-

-

-

Net proceeds from issuance of commercial paper

-

-

-

0

-

-

-

-

-

-

-

Proceeds from borrowings on revolving credit facility

0

750,000

0

0

-

-

-

-

-

-

-

Repayment of borrowings on revolving credit facility

0

750,000

0

0

-

-

-

-

-

-

-

Proceeds from sale of warrants

-

-

-

-

-

-

-

-

133,830

-

-

Purchase of convertible note hedge

-

-

-

-

-

-

-

-

181,125

-

-

Excess tax benefits on equity-based compensation plans

0

0

38,635

-1,020

11,398

6,065

-539

2,686

23,290

10,234

-6,273

Treasury stock purchases

3,780,611

2,653,249

811,672

158,389

573,240

244,859

955,661

772,663

211,316

93,032

30,946

Dividends paid

678,348

307,609

243,495

190,402

116,059

0

-

-

-

-

-

Net cash received in settlement of stock repurchase contracts

-

-

-

-

-

-

-

55,194

-149,589

-

-

Reissuance of treasury stock related to employee stock purchase plan

77,961

75,624

59,663

55,992

48,803

42,926

31,265

25,525

21,194

17,452

19,797

Proceeds from issuance of common stock

6,813

9,258

12,913

3,405

17,520

34,791

39,379

1,776

12,401

13,386

12,014

Other, net

-13,208

9

-125

-488

-660

0

-

-

-

-

-

Net cash (used for) provided by financing activities

-2,390,080

-3,272,057

-2,632,394

1,595,745

378,472

-162,735

-887,790

-692,747

526,986

-72,664

-260,830

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

-4,041

2,593

-63

-722

-9,017

1,104

4,215

-3,387

18,264

-3,093

-25,416

Net increase in cash, cash equivalents, and restricted cash

-855,162

2,134,819

-2,656,004

3,537,783

48,862

290,204

-402,279

72,620

946,365

171,600

-358,370

Schedule of non-cash transactions:
Acquisition of leased equipment

-

-

-

-

-

-

-

-

-

0

-

Accrued payables for stock repurchases

29

116

0

0

3,255

3,392

-

20,853

-

13,500

-

Accrued payables for capital expenditures

23,185

24,001

17,285

27,953

22,436

8,085

-

-

-

-

-

Transfers of inventory to property and equipment, net

54,533

57,886

46,855

37,822

4,547

0

-

-

-

-

-

Supplemental disclosures:
Cash payments for interest

76,933

84,401

104,619

58,810

26,393

26,489

26,635

8,246

232

878

7,808

Cash payments for income taxes, net

300,268

142,800

28,104

39,745

114,512

18,157

7,695

29,113

70,774

16,261

33,583