LAM RESEARCH CORPORATION LRCX Income Statement

Lam research corporation (LRCX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Revenue
2,503,625	2,583,501	2,165,746	2,361,147	2,439,048	2,522,673	2,330,691	3,125,928	2,892,115	2,580,815	2,478,140	2,344,907	2,153,995	1,882,299	1,632,419	1,546,261	1,314,055	1,425,534	1,600,043	1,481,370	1,393,333	1,232,241	1,152,368	1,248,797	1,227,392	1,116,061	1,015,059	986,214	844,928	860,886	906,888	741,814	658,961	583,981	680,436	752,018	809,087	870,714	805,874	695,289	632,763	487,176	318,548
Cost of goods sold
1,336,618	1,403,857	1,184,036	1,280,256	1,364,711	1,377,640	1,272,493	1,646,520	1,561,401	1,375,248	1,328,797	1,275,946	1,182,591	1,035,502	916,222	847,477	742,790	799,024	877,680	839,832	792,731	695,584	646,829	691,761	696,594	628,272	583,201	572,287	505,096	545,472	573,002	442,742	391,814	350,014	396,553	413,564	435,068	463,281	428,548	370,409	339,892	268,685	187,233
Cost of goods sold - restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-859	-	-	-	-	-	-	-	-	-
Cost of goods sold - 409A expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,632	0	-2,696	-3,120
Total cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	391,814	349,155	-	-	435,068	463,281	-	373,847	339,892	265,989	184,113
Gross margin
1,167,007	1,179,644	981,710	1,080,891	1,074,337	1,145,033	1,058,198	1,479,408	1,330,714	1,205,567	1,149,343	1,068,961	971,404	846,797	716,197	698,784	571,265	626,510	722,363	641,538	600,602	536,657	505,539	557,036	530,798	487,789	431,858	413,927	339,832	315,414	333,886	298,213	267,147	234,826	283,883	338,454	374,019	407,433	377,326	321,442	292,871	221,187	134,435
Research and development
307,914	318,861	286,827	295,578	318,514	285,556	291,672	327,713	305,412	281,311	275,078	285,712	265,986	246,804	235,240	237,255	221,494	220,754	234,209	221,675	217,865	196,768	188,934	185,449	185,978	174,477	170,567	180,220	174,206	165,951	163,311	124,528	113,448	104,024	102,559	99,583	96,880	90,477	86,353	85,644	81,845	82,171	71,199
Selling, general, and administrative
164,979	174,272	157,428	168,228	190,306	169,098	174,775	196,500	197,791	186,885	181,043	175,310	167,000	160,165	165,010	152,288	159,018	166,922	152,726	149,384	142,772	151,148	148,307	155,737	152,883	148,838	155,883	147,209	154,807	145,421	153,863	142,740	95,581	83,256	80,200	79,938	80,143	75,852	72,142	66,779	61,933	60,111	52,119
Restructuring charges, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,725	16,742	0	0	-5,163	13,302	0	5,919	2,093
409A expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77,180	0	-18,362	-20,228
Total operating expenses
472,893	493,133	444,255	463,806	508,820	454,654	466,447	524,213	503,203	468,196	456,121	461,022	432,986	406,969	400,250	389,543	380,512	387,676	386,935	450,503	360,637	347,916	337,241	341,186	338,861	323,315	326,450	327,429	329,013	311,372	317,174	265,543	209,029	187,280	184,484	196,263	177,023	166,329	153,332	165,725	143,778	129,839	105,183
Operating income
694,114	686,511	537,455	617,085	565,517	690,379	591,751	955,195	827,511	737,371	693,222	607,939	538,418	439,828	315,947	309,241	190,753	238,834	335,428	191,035	239,965	188,741	168,298	215,850	191,937	164,474	105,408	86,498	10,819	4,042	16,712	32,670	58,118	47,546	99,399	142,191	196,996	241,104	223,994	155,717	149,093	91,348	29,252
Other expense, net
-	13,924	12,728	-	-	30,649	377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
-64,619	-	-	-	20,532	-	-	2,954	-55,810	-3,152	-5,502	-4,444	-7,838	-55,023	-23,154	-27,249	-29,834	-29,935	-27,121	-20,353	-11,389	-9,799	-5,648	-9,442	-9,855	-3,837	-14,262	-12,251	-15,834	-13,390	-9,938	-9,889	-3,568	-7,785	-12,073	-5,131	1,663	1,038	-979	-	1,616	-58	-368
Income before income taxes
629,495	672,587	524,727	609,418	586,049	659,730	591,374	958,149	771,701	734,219	687,720	603,495	530,580	384,805	292,793	281,992	160,919	208,899	308,307	170,682	228,576	178,942	162,650	289,498	182,082	160,637	91,146	74,247	-5,015	-9,348	6,774	22,781	54,550	39,761	87,326	137,060	198,659	242,142	223,015	159,258	150,709	91,290	28,884
Income Tax Expense (Benefit)
54,700	158,100	58,900	67,593	38,659	90,875	58,014	-62,997	-7,099	744,174	97,030	77,071	-44,133	52,014	28,958	23,053	17,468	-14,081	19,628	39,411	22,291	2,002	21,569	56,103	17,686	11,645	5,640	-11,460	-24,011	-15,756	4,006	4,712	8,946	6,549	15,488	11,132	16,419	20,286	29,291	19,261	30,408	21,716	12,087
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
Earnings Per Share [Abstract]
Earnings Per Share, Basic
3.96	3.57	3.22	3.65	3.62	3.67	3.43	6.35	4.80	-0.06	3.64	3.26	3.52	2.05	1.64	1.62	0.90	1.41	1.82	0.83	1.30	1.11	0.87	1.39	1.01	0.92	0.52	0.49	0.12	0.04	0.02	0.12	0.38	0.28	0.58	1.02	1.47	1.80	1.57	1.11	0.94	0.55	0.13
Earnings Per Share, Diluted
3.88	3.43	3.09	3.49	3.47	3.51	3.23	5.69	4.33	-0.06	3.21	2.86	3.10	1.81	1.47	1.46	0.82	1.28	1.66	0.74	1.16	1.00	0.80	1.29	0.96	0.87	0.50	0.49	0.11	0.04	0.02	0.12	0.38	0.27	0.58	1.01	1.45	1.78	1.55	1.10	0.94	0.54	0.13
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
145,301	143,987	144,673	148,031	151,201	155,022	155,658	160,918	162,378	161,135	162,141	162,214	163,408	162,659	160,607	159,861	159,039	158,424	158,352	158,591	158,992	159,248	161,685	171,525	162,238	162,305	162,896	162,067	163,034	170,699	179,928	133,994	119,841	119,739	123,130	123,676	123,674	123,101	123,665	126,355	127,307	127,296	126,774
Weighted Average Number of Shares Outstanding, Diluted
148,165	150,097	150,682	154,314	157,849	162,170	165,327	198,334	179,779	161,135	183,880	186,426	185,094	183,543	180,017	177,647	174,373	174,242	174,374	176,573	177,531	177,046	177,118	183,256	171,636	171,757	171,363	170,263	168,504	173,027	181,926	135,054	120,956	120,873	124,049	124,795	125,293	124,786	125,202	127,198	128,587	128,829	127,890
Cash dividend declared per common share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.45	0.45	0.30	-	0.30	0.30	0.30	-	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-