Lam research corporation (LRCX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

574,781

514,510

465,789

541,825

547,390

568,855

533,360

1,021,146

778,800

-9,955

590,690

526,424

574,713

332,791

263,835

258,939

143,451

222,980

288,679

131,271

206,285

176,940

141,081

233,395

164,396

148,992

85,506

85,707

18,996

6,408

2,768

18,069

45,604

33,212

71,838

125,928

182,240

221,856

193,724

139,997

120,301

69,574

16,797

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

67,248

65,530

64,664

65,408

82,274

81,794

79,805

85,119

82,236

79,898

79,142

79,036

76,242

77,065

74,562

74,976

73,664

71,798

70,590

70,177

70,322

69,536

67,885

71,115

73,256

73,552

74,331

76,051

74,861

78,388

74,816

34,576

22,517

22,372

21,360

19,972

18,176

18,663

17,948

17,664

17,872

18,184

17,681

Deferred income taxes

0

77,508

-2,992

70,125

-12,401

20,797

-83,501

212,260

19,060

-271,478

43,204

35,069

27,619

34,615

7,633

-46,708

-4,908

8,176

-5,563

-2,694

1,739

3,320

3,186

-

-

-

-

-22,884

-27,934

-7,320

-12,017

-

-

-

-

-6,166

-733

-3,039

-783

-8,633

640

9,229

12,482

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,000

628

7,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-859

1,725

16,742

0

0

-5,163

16,740

0

5,919

2,093

Equity-based compensation expense

47,414

45,725

42,905

44,845

53,240

38,806

50,343

47,214

41,095

42,124

41,783

43,802

35,323

32,255

38,595

39,288

34,716

32,570

35,774

39,734

32,948

30,632

32,040

33,085

24,334

23,046

23,235

25,241

25,648

24,027

24,414

29,174

16,417

18,224

17,744

14,788

12,456

12,759

13,009

12,329

10,917

13,259

13,958

Income tax benefit on equity-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,545

-2,124

2,438

1,141

9,861

-

-

-

-

-

-

-

-

1,429

-1,048

470

659

9,283

15,327

-918

5,083

9,944

477

303

-89

Excess tax benefits on equity-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,572

-1,809

2,204

599

10,404

-

-

-

-

-

-

-

-

394

137

204

1,951

8,184

11,878

-711

3,939

9,261

370

235

368

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,724

-

-

-

-

-

-

-

-

Amortization of note discounts and issuance costs

1,361

1,575

1,675

2,206

2,861

1,031

1,245

959

4,342

4,539

4,588

6,114

6,136

6,202

6,830

14,584

22,458

23,649

9,831

9,899

9,352

10,438

7,861

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of convertible note discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,313

8,217

8,122

-

7,935

7,843

7,752

7,014

6,750

6,671

6,593

-

-

-

-

-

-

-

-

Other, net

-7,811

327

-4,026

5,055

1,494

1,343

-2,191

-10,933

-17,866

1,108

-6,569

-8,275

4,738

1,292

-16,807

-18,919

-9,306

-10,552

-10,011

-3,621

-1,902

-1,607

-5,526

-8,241

-2,741

2,428

-4,115

-5,286

-6,171

-17,338

-8,406

-8,072

-1,165

-1,083

-1,423

5,159

746

-1,600

-1,964

-5,732

1,210

173

1,159

Changes in operating asset and liability accounts:
Changes in operating assets and liabilities

157,187

396,593

112,020

-

-260,951

67,521

-136,843

-

-64,524

-184,684

-92,330

-

292,607

113,863

-64,962

-

95,776

75,207

-39,702

-

131,745

131,776

108,444

-

-13,986

135,441

150,388

-

6,931

-66,542

-143,123

-

-51,406

-88,680

34,215

-

25,259

-62,849

37,829

-

41,781

43,096

61,009

Net cash provided by operating activities

541,428

307,928

464,047

880,487

932,821

642,419

720,286

718,358

1,050,379

28,704

858,306

729,272

422,688

404,098

473,224

423,824

182,911

294,545

448,997

292,066

191,037

161,239

141,161

245,891

290,210

129,023

51,925

174,988

102,457

193,226

249,262

96,715

146,397

169,016

86,900

198,108

241,593

185,583

255,744

165,433

109,266

73,310

2,704

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures and intangible assets

51,375

62,054

39,256

65,948

75,522

105,923

56,098

79,655

49,057

84,693

60,064

34,811

44,116

36,513

41,979

51,726

46,007

28,143

49,454

63,133

31,898

61,363

41,871

41,764

41,638

38,323

23,778

43,140

34,766

38,924

43,965

36,880

27,978

26,682

15,732

34,571

35,769

38,025

19,130

12,042

10,823

6,893

5,832

Business acquisition, net of cash acquired

-

-

-

-

-

-

-

0

0

84

115,613

0

0

0

0

-

-

-

-

0

0

0

1,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

270,128

1,472,063

147,632

954,361

1,190,500

35,359

749,829

155,370

125,973

826,079

1,425,407

987,791

1,223,150

2,332,761

38,149

30,184

36,522

449,438

358,854

929,956

1,092,989

726,763

337,100

488,312

364,642

302,881

156,409

265,043

204,839

405,887

222,187

244,792

404,061

76,526

158,050

431,823

51,746

29,958

50,958

99,887

46,458

16,772

29,638

Maturities of available-for-sales securities

211,228

351,980

600,347

70,970

30,849

294,504

70,216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of available-for-sale securities

270,059

457,796

337,763

327,923

228,271

514,078

67,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and maturities of available-for-sale securities

-

-

-

-

-

-

-

-

-

620,378

1,307,633

-

804,584

341,833

469,899

-

218,460

488,640

330,651

651,577

733,573

405,173

346,745

333,277

281,898

214,127

198,976

258,601

192,764

382,637

205,549

574,481

121,836

72,332

72,791

115,034

40,678

28,798

26,452

35,929

43,220

15,756

19,863

Purchase of other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,223

0

0

961

Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

41,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of restricted cash and investments

-

-

-

-

-

-

-

-

-

-

-

-

982

-465

5,219

112,381

0

0

0

-

-

-

-

637

-28,572

0

-150

328

32

-33

-146

29

-3

-3

-17

8

4

0

10

-50

-19,629

-97

6,571

Other, net

-9,988

9,988

540

2,067

1,269

369

3,650

826

-638

4,396

10,600

1,188

3,586

241

7,800

-7,882

0

4,746

1,500

-7,178

3,322

-100

-22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used for) investing activities

169,772

-734,329

750,682

-623,483

-1,008,171

666,931

-672,331

1,260,994

2,086,467

-294,874

-304,051

64,886

-467,250

-2,027,217

376,752

521,514

135,731

14,395

-79,157

-340,456

-394,636

-378,875

7,871

-74,513

-95,810

-113,830

18,939

-60,710

-47,273

-70,197

-60,457

711,461

-310,200

-30,561

-100,974

-351,368

-47,258

-37,641

-43,646

-77,973

5,568

-7,812

-23,139

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt

617,637

17,987

28,965

1,157

30,225

6,440

79,831

178,279

228,166

47,522

301,727

2,445

69,227

1,616,270

371

414,548

8,479

28,374

96

615

119

674

107

739

112

719

88

698

756

115

665

1,101

1,024

1,576

1,564

81

1,038

78

3,333

616

17,820

689

1,915

Net proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

52

284

Net repayments of commercial paper

0

0

0

-300,000

297,850

-359,518

-86

-638,367

199,024

798,947

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on equity-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,572

-1,809

2,204

599

10,404

-

-

-

-

-

-

-

-

394

137

204

1,951

8,184

11,878

-711

3,939

9,261

370

235

368

Treasury stock purchases

245,433

1,005,067

78,132

1,108,560

934,637

1,519

1,735,895

1,306,309

80,105

1,111,450

155,385

525,778

216,372

67,668

1,854

27,114

20,092

12,798

98,385

74,339

124,943

65,536

308,422

40,249

52,415

47,910

104,285

2,275

243,297

355,010

355,079

661,059

18,909

20,642

72,053

53,753

8,617

4,151

144,795

17,860

72,240

576

2,356

Dividends paid

163,510

166,721

158,868

164,873

171,196

167,907

174,372

82,005

79,739

73,127

72,738

73,709

73,337

48,397

48,052

47,308

47,539

47,896

47,659

28,714

28,724

29,381

29,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received in settlement of stock repurchase contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

79,189

51,005

-75,000

-

-

-

-

-

-

-

-

Reissuance of treasury stock related to employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

23,120

17,223

0

19,320

20,360

16,387

0

19,245

16,950

14,934

0

16,919

14,597

13,210

-35

15,154

12,846

8,494

0

9,925

8,765

7,902

0

8,858

7,518

6,521

0

7,155

6,173

5,518

0

5,761

Proceeds from issuance of common stock

1,714

632

3,869

1,694

5,010

109

0

2,626

2,517

3,073

1,042

369

7,964

3,121

1,459

1,547

308

1,173

377

1,285

7,403

4,223

4,609

8,657

5,111

8,449

12,574

16,713

15,132

6,583

951

0

301

1,311

164

2,179

5,980

3,407

835

5,563

1,441

4,126

2,256

Other, net

328

0

0

-1

0

-13,198

-9

-2

7

0

4

-1

-70

-44

-10

-8,174

2,255

5,731

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used for) provided by financing activities

225,462

-1,150,696

-262,096

-1,527,856

1,643,522

-515,553

-1,990,193

-2,160,769

-186,462

-396,022

-528,804

-539,809

-333,819

-1,729,258

-29,508

1,861,887

-57,160

-85,736

-123,246

-87,557

862,635

-90,769

-305,837

-11,373

-34,502

-40,215

-76,645

26,950

-221,330

-348,542

-344,868

-653,001

67,596

30,302

-137,644

699,994

14,724

-51,533

-136,199

2,521

-82,731

3,148

4,398

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

-10,715

5,055

-4,193

-3,137

4,128

-2,721

-2,311

-5,607

4,041

842

3,317

399

2,991

-5,364

1,911

76

2,666

344

-3,808

1,850

-4,675

-3,998

-2,194

371

-152

1,393

-508

2,136

-4,934

4,236

2,777

-690

-454

-1,147

-1,096

2,688

4,591

4,370

6,615

-5,583

-900

357

3,033

Net increase in cash, cash equivalents, and restricted cash

925,947

-1,572,042

948,440

-1,273,989

1,572,300

791,076

-1,944,549

-187,024

2,954,425

-661,350

28,768

254,748

-375,390

-3,357,741

822,379

2,807,301

264,148

223,548

242,786

-134,097

654,361

-312,403

-158,999

160,376

159,746

-23,629

-6,289

143,364

-171,080

-221,277

-153,286

154,485

-96,661

167,610

-152,814

549,422

213,650

100,779

82,514

84,398

31,203

69,003

-13,004

Schedule of non-cash transactions:
Accrued payables for stock repurchases

6

276

13

-1,608

1,633

-158

162

-2,049

1,092

-3,277

4,350

-2,272

-6,110

8,382

0

0

0

-7,624

7,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payables for capital expenditures

1,724

-2,367

30,333

-4,098

-9,299

-31

36,613

-8,609

3,579

-5,500

34,531

7,208

-14,139

12,585

11,631

1,221

17,890

2,081

6,761

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of inventory to property and equipment, net

6,683

13,475

13,997

12,014

8,796

8,110

25,613

19,008

8,901

18,125

11,852

10,883

12,144

10,409

13,419

16,988

6,102

15,511

-779

-

-

-

-

-

-

-

-

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