2023 Q3 Form 10-K Financial Statement

#000070754923000102 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $3.482B $3.207B $17.43B
YoY Change -31.38% -30.81% 1.17%
Cost Of Revenue $1.827B $1.749B $9.558B
YoY Change -33.24% -30.99% 2.17%
Gross Profit $1.655B $1.458B $7.871B
YoY Change -29.19% -30.6% -0.01%
Gross Profit Margin 47.52% 45.45% 45.16%
Selling, General & Admin $207.0M $197.0M $820.6M
YoY Change 1.23% -6.18% -7.36%
% of Gross Profit 12.51% 13.52% 10.43%
Research & Development $422.6M $402.0M $1.727B
YoY Change -2.48% -2.24% 7.66%
% of Gross Profit 25.54% 27.57% 21.94%
Depreciation & Amortization $90.50M $89.60M $342.4M
YoY Change 19.47% 1.9% 37.97%
% of Gross Profit 5.47% 6.15% 4.35%
Operating Expenses $631.7M $600.4M $2.553B
YoY Change -1.15% -3.35% 2.53%
Operating Profit $1.023B $857.4M $5.318B
YoY Change -39.75% -42.04% -1.19%
Interest Expense $45.33M $11.03M $186.5M
YoY Change -1.57% -126.02% 0.92%
% of Operating Profit 4.43% 1.29% 3.51%
Other Income/Expense, Net $2.601M $9.010M -$65.65M
YoY Change -106.04% -107.48% -65.21%
Pretax Income $1.026B $863.6M $5.109B
YoY Change -38.02% -36.45% -1.62%
Income Tax $138.2M $61.08M $598.3M
% Of Pretax Income 13.48% 7.07% 11.71%
Net Earnings $887.4M $802.5M $4.511B
YoY Change -37.76% -33.62% -2.05%
Net Earnings / Revenue 25.48% 25.02% 25.88%
Basic Earnings Per Share $6.69 $33.30
Diluted Earnings Per Share $6.66 $5.97 $33.21
COMMON SHARES
Basic Shares Outstanding 132.5M shares 134.3M shares 135.5M shares
Diluted Shares Outstanding 133.2M shares 135.8M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.157B $5.375B $5.375B
YoY Change 17.82% 46.94% 46.94%
Cash & Equivalents $5.126B $5.337B $5.337B
Short-Term Investments $31.00M $37.64M $37.64M
Other Short-Term Assets $278.0M $214.1M $214.1M
YoY Change -9.02% -38.36% -38.36%
Inventory $4.748B $4.816B $4.816B
Prepaid Expenses
Receivables $2.811B $2.823B $2.823B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.99B $13.23B $13.23B
YoY Change -4.55% 7.68% 7.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.111B $1.857B $1.857B
YoY Change 22.82% 15.65% 12.69%
Goodwill $1.600B $1.600B
YoY Change 6.67% 6.67%
Intangibles $157.6M $168.5M
YoY Change 42.79% 65.39%
Long-Term Investments $118.4M $118.4M
YoY Change
Other Assets $1.650B $1.906B $1.906B
YoY Change -6.49% 36.67% 15.78%
Total Long-Term Assets $5.545B $5.553B $5.553B
YoY Change 8.54% 13.09% 13.09%
TOTAL ASSETS
Total Short-Term Assets $12.99B $13.23B $13.23B
Total Long-Term Assets $5.545B $5.553B $5.553B
Total Assets $18.54B $18.78B $18.78B
YoY Change -0.98% 9.22% 9.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.2M $470.7M $470.7M
YoY Change -53.92% -53.45% -53.45%
Accrued Expenses $2.120B $2.011B $802.8M
YoY Change 8.79% 1.84% 4.61%
Deferred Revenue $1.695B
YoY Change 7.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $8.358M $8.358M
YoY Change -43.74% 13.24% 13.24%
Total Short-Term Liabilities $4.247B $4.185B $4.185B
YoY Change -15.95% -8.32% -8.32%
LONG-TERM LIABILITIES
Long-Term Debt $4.980B $5.003B $5.003B
YoY Change -0.33% 0.09% 0.09%
Other Long-Term Liabilities $483.0M $1.383B $1.383B
YoY Change -61.64% 227.08% 2.16%
Total Long-Term Liabilities $483.0M $6.387B $6.387B
YoY Change -92.28% 1410.03% 0.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.247B $4.185B $4.185B
Total Long-Term Liabilities $483.0M $6.387B $6.387B
Total Liabilities $10.49B $10.57B $10.57B
YoY Change -7.23% -3.17% -3.17%
SHAREHOLDERS EQUITY
Retained Earnings $22.66B $22.03B
YoY Change 15.33% 19.38%
Common Stock $132.0K $133.0K
YoY Change -2.94% -2.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.047B $8.210B $8.210B
YoY Change
Total Liabilities & Shareholders Equity $18.54B $18.78B $18.78B
YoY Change -0.98% 9.22% 9.22%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $887.4M $802.5M $4.511B
YoY Change -37.76% -33.62% -2.05%
Depreciation, Depletion And Amortization $90.50M $89.60M $342.4M
YoY Change 19.47% 1.9% 37.97%
Cash From Operating Activities $951.2M $1.123B $5.179B
YoY Change -20.04% 152.9% 67.08%
INVESTING ACTIVITIES
Capital Expenditures $77.00M $78.67M $501.6M
YoY Change -154.98% -162.56% -191.86%
Acquisitions $120.0M
YoY Change
Other Investing Activities $4.966M $23.49M -$32.99M
YoY Change -59.49% -52.84% -535.56%
Cash From Investing Activities -$74.68M -$55.18M -$534.6M
YoY Change -41.56% -27.33% -187.31%
FINANCING ACTIVITIES
Cash Dividend Paid $230.3M $907.9M
YoY Change 12.02% 11.36%
Common Stock Issuance & Retirement, Net -$1.896B
YoY Change -149.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.326B -1.038B -2.831B
YoY Change 326.45% 1.41% -38.18%
NET CHANGE
Cash From Operating Activities $951.2M 1.123B 5.179B
Cash From Investing Activities -$74.68M -55.18M -534.6M
Cash From Financing Activities -$1.326B -1.038B -2.831B
Net Change In Cash -$460.6M 29.56M 1.814B
YoY Change -161.34% -104.51% -302.15%
FREE CASH FLOW
Cash From Operating Activities $951.2M $1.123B $5.179B
Capital Expenditures $77.00M $78.67M $501.6M
Free Cash Flow $874.2M $1.044B $4.677B
YoY Change -34.26% 83.27% 28.3%

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163467000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
604573000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
508008000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-108833000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
123462000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
409344000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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3588163000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
546034000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
349096000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
119955000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
567819000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
3389388000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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91295000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
190269000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2381758000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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6837000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1543434000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1472152000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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11171000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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7575000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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42155000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
612275000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
73271000 usd
CY2023 us-gaap Repayments Of Debt And Capital Lease Obligations
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23206000 usd
CY2022 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
11889000 usd
CY2021 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
862060000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2017012000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3865663000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2697704000 usd
CY2023 us-gaap Payments Of Dividends
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CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
815290000 usd
CY2021 us-gaap Payments Of Dividends
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726992000 usd
CY2023 us-gaap Proceeds From Sale Of Treasury Stock
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109899000 usd
CY2022 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
108178000 usd
CY2021 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
97764000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11111000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5682000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24123000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
45000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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-2830667000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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128000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-30227000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7215000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1813837000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-897215000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-498333000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5587372000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3773535000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4670750000 usd
CY2023 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
45486000 usd
CY2022 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
46000 usd
CY2021 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
20005000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31899000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
80296000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
61392000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
231267000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
205615000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
185431000 usd
CY2023 lrcx Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
76856000 usd
CY2022 lrcx Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
75068000 usd
CY2021 lrcx Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
80252000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
174745000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
175528000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
203932000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
809748000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
807669000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
518567000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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5337056000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3522001000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4418263000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
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250316000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
251534000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
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252487000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5587372000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3773535000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4670750000 usd
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
5172494000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24123000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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2717627000 usd
CY2021 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
97764000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
220164000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
24871000 usd
CY2021 lrcx Reclassifications Of Temporary Equity To Permanent Equity Convertible Notes
ReclassificationsOfTemporaryEquityToPermanentEquityConvertibleNotes
10995000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3908458000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
30083000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
5.20
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
745294000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
6027188000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5682000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3845704000 usd
CY2022 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
108178000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
259064000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
4605286000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45854000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.00
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
835474000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
6278366000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Company and Industry Information<div style="margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor manufacturing, our customers’ business, involves the complete fabrication of multiple dies or integrated circuits on a wafer. This involves the repetition of a set of core processes and can require hundreds of individual steps. Fabricating these devices requires highly sophisticated process technologies to integrate an increasing array of new materials with precise control at the atomic scale. Along with meeting technical requirements, wafer processing equipment must deliver high productivity and be cost-effective.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company sells its products and services primarily to companies involved in the production of semiconductors in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The semiconductor industry is cyclical in nature and has historically experienced periodic downturns and upturns. Today’s leading indicators of changes in customer investment patterns, such as electronics demand, memory pricing, and foundry utilization rates, may not be any more reliable than in prior years. Demand for the Company’s equipment can vary significantly from period to period as a result of various factors including, but not limited to, economic conditions; supply, demand, and prices for semiconductors; customer capacity requirements; and the Company’s ability to develop and market competitive products. For these and other reasons, the Company’s results of operations for fiscal years 2023, 2022, and 2021 may not necessarily be indicative of future operating results.</span></div>
CY2023 us-gaap Contract With Customer Timing Of Satisfaction Of Performance Obligation And Payment
ContractWithCustomerTimingOfSatisfactionOfPerformanceObligationAndPayment
Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year.
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
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1837907000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Fiscal Period
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Fiscal Year:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s most recent fiscal years ended June 25, 2023, June 26, 2022, and June 27, 2021, and each included 52 weeks.</span>
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17428516000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q2 lrcx Number Of Primary Markets
NumberOfPrimaryMarkets
3 primary_market
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<span style="color:#7b7e87;font-family:'Georgia',serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Guarantees:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> The Company has certain finance leases that contain provisions whereby the properties subject to the finance leases may be remarketed at lease expiration. The Company has guaranteed to the lessor an amount approximating the lessor’s investment in the property. Also, the Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products.</span>
CY2023 lrcx Contract With Customer Liability Revenue Recognized Including Opening Balance
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1984600000 usd
CY2022Q2 us-gaap Contract With Customer Liability
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2198100000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
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1624427000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
183045000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
30435000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
286600000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
259064000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
220164000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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25794000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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37466000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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49313000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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46495000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
72564000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
97275000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
174800 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
362.83
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
109700 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
272.59
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
10700000 usd
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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393449000 usd
CY2023 us-gaap Investment Income Interest
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138984000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
15209000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
19687000 usd
CY2023 us-gaap Interest Expense
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186462000 usd
CY2022 us-gaap Interest Expense
InterestExpense
184759000 usd
CY2021 us-gaap Interest Expense
InterestExpense
208597000 usd
CY2023 lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
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20186000 usd
CY2022 lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
GainLossonAssetsRelatedtoDeferredCompensationPlan
-38053000 usd
CY2021 lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
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61838000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7078000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-723000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6962000 usd
CY2023 lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
-31280000 usd
CY2022 lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
19618000 usd
CY2021 lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
22815000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-65650000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-188708000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-111219000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
151759000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
87933000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
120161000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4957451000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5105181000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4250643000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5109210000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5193114000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4370804000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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541416000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
620344000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
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437525000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-136178000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-226895000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-139531000 usd
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
297994000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
32082000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20759000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
13560000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2813000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-19096000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8324000 usd
CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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Ernst & Young LLP
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