2013 Form 10-K Financial Statement

#000119312513348269 Filed on August 27, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q2 2012
Revenue $3.599B $741.8M $2.665B
YoY Change 35.03% -1.36% -17.68%
Cost Of Revenue $2.196B $433.7M $1.581B
YoY Change 38.88% 5.52% -9.15%
Gross Profit $1.403B $308.1M $1.084B
YoY Change 29.43% -9.67% -27.6%
Gross Profit Margin 38.99% 41.53% 40.68%
Selling, General & Admin $601.3M $141.0M $401.8M
YoY Change 49.66% 76.47% 30.42%
% of Gross Profit 42.86% 45.76% 37.06%
Research & Development $683.7M $124.5M $444.6M
YoY Change 53.79% 25.0% 19.09%
% of Gross Profit 48.73% 40.41% 41.01%
Depreciation & Amortization $126.5M $34.60M $74.00M
YoY Change 70.95% 73.0% 37.04%
% of Gross Profit 9.02% 11.23% 6.83%
Operating Expenses $1.285B $265.5M $846.3M
YoY Change 51.83% 47.99% 22.14%
Operating Profit $118.1M $42.60M $237.7M
YoY Change -50.33% -73.65% -70.44%
Interest Expense $60.41M -$5.900M $38.96M
YoY Change 55.04% 11.32% 624.2%
% of Operating Profit 51.16% -13.85% 16.39%
Other Income/Expense, Net -$51.41M -$1.700M -$33.32M
YoY Change 54.32% -1800.0% 877.27%
Pretax Income -$46.39M $22.80M -$6.950M
YoY Change 567.51% -83.37% -104.36%
Income Tax -$47.22M $4.700M $35.70M
% Of Pretax Income 20.61%
Net Earnings $113.9M $18.10M $168.7M
YoY Change -32.51% -85.62% -76.69%
Net Earnings / Revenue 3.16% 2.44% 6.33%
Basic Earnings Per Share $0.67 $1.36
Diluted Earnings Per Share $0.66 $133.3K $1.35
COMMON SHARES
Basic Shares Outstanding 168.9M shares 124.2M shares
Diluted Shares Outstanding 173.4M shares 125.2M shares

Balance Sheet

Concept 2013 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.497B $2.863B $2.863B
YoY Change -12.78% 34.92% 34.92%
Cash & Equivalents $1.162B $1.565B $1.565B
Short-Term Investments $1.335B $1.298B $1.298B
Other Short-Term Assets $135.0M $154.0M $154.0M
YoY Change -12.34% -5.52% -5.52%
Inventory $559.0M $632.9M $633.0M
Prepaid Expenses
Receivables $603.0M $765.8M $766.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.794B $4.415B $4.415B
YoY Change -14.07% 34.88% 34.89%
LONG-TERM ASSETS
Property, Plant & Equipment $604.0M $584.6M $585.0M
YoY Change 3.25% 116.15% 116.67%
Goodwill $1.446B
YoY Change 754.88%
Intangibles $1.240B
YoY Change 2515.06%
Long-Term Investments $98.00M
YoY Change
Other Assets $228.0M $151.9M $318.0M
YoY Change -28.3% 22.11% 8.16%
Total Long-Term Assets $3.456B $3.590B $3.590B
YoY Change -3.73% 359.84% 359.67%
TOTAL ASSETS
Total Short-Term Assets $3.794B $4.415B $4.415B
Total Long-Term Assets $3.456B $3.590B $3.590B
Total Assets $7.250B $8.005B $8.005B
YoY Change -9.43% 97.46% 97.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0M $258.8M $259.0M
YoY Change -22.78% 58.23% 57.93%
Accrued Expenses $307.0M $492.2M $338.0M
YoY Change -9.17% 37.19% 36.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $515.0M $509.6M $511.0M
YoY Change 0.78% 10092.0% 10120.0%
Total Short-Term Liabilities $1.404B $1.427B $1.427B
YoY Change -1.61% 109.61% 109.54%
LONG-TERM LIABILITIES
Long-Term Debt $976.0M $749.3M $952.0M
YoY Change 2.52% 1.53% 29.0%
Other Long-Term Liabilities $381.0M $219.6M $494.0M
YoY Change -22.87% 328.92% 199.39%
Total Long-Term Liabilities $1.357B $968.9M $1.446B
YoY Change -6.15% 1792.6% 60.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.404B $1.427B $1.427B
Total Long-Term Liabilities $1.357B $968.9M $1.446B
Total Liabilities $2.761B $2.683B $2.873B
YoY Change -3.9% 69.35% 81.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.859B
YoY Change 6.27%
Common Stock $187.0K
YoY Change 50.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.637B
YoY Change 49.69%
Treasury Stock Shares 62.07M shares
Shareholders Equity $4.489B $5.132B $5.132B
YoY Change
Total Liabilities & Shareholders Equity $7.250B $8.005B $8.005B
YoY Change -9.43% 97.46% 97.46%

Cashflow Statement

Concept 2013 2012 Q2 2012
OPERATING ACTIVITIES
Net Income $113.9M $18.10M $168.7M
YoY Change -32.51% -85.62% -76.69%
Depreciation, Depletion And Amortization $126.5M $34.60M $74.00M
YoY Change 70.95% 73.0% 37.04%
Cash From Operating Activities $719.9M $96.70M $499.0M
YoY Change 44.27% -51.19% -43.36%
INVESTING ACTIVITIES
Capital Expenditures -$160.8M -$36.90M -$107.3M
YoY Change 49.86% 6.65% -15.84%
Acquisitions $9.916M -$418.7M
YoY Change -102.37%
Other Investing Activities -$77.80M $748.3M $377.0M
YoY Change -120.64% -336.21% -206.98%
Cash From Investing Activities -$238.6M $711.4M $269.7M
YoY Change -188.47% -302.45% -156.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $916.3M $770.9M
YoY Change 18.86% 287.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -887.8M -653.0M -692.7M
YoY Change 28.16% -193.29% -231.45%
NET CHANGE
Cash From Operating Activities 719.9M 96.70M 499.0M
Cash From Investing Activities -238.6M 711.4M 269.7M
Cash From Financing Activities -887.8M -653.0M -692.7M
Net Change In Cash -406.5M 155.1M 76.01M
YoY Change -634.81% -71.63% -91.81%
FREE CASH FLOW
Cash From Operating Activities $719.9M $96.70M $499.0M
Capital Expenditures -$160.8M -$36.90M -$107.3M
Free Cash Flow $880.7M $133.6M $606.3M
YoY Change 45.26% -42.59% -39.88%

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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
24.53
CY2013Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
26.87
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ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1861183 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
89205000 shares
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
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162873000 shares
CY2013Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
79700000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
13981000
CY2013Q2 us-gaap Purchase Obligation Due In Second Year
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5733000
CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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257700000
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
14122000
CY2013Q2 us-gaap Long Term Debt Current
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513000000
CY2013Q2 us-gaap Purchase Obligation
PurchaseObligation
158596000
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
333100000
CY2013Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
777400000
CY2013Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
14581000
CY2013Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
449102000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
1849000
CY2013Q2 us-gaap Other Accrued Liabilities Current
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118061000
CY2013Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5084544000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
39148000
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
200254000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
8507000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6346000
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
76594000
CY2013Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restructuring Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestructuringLiabilities
11400000
CY2013Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
52252000
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
1290400000
CY2013Q2 us-gaap Other Liabilities Noncurrent
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134313000
CY2013Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
514655000
CY2013Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
11848000
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
4488872000
CY2013Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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186920000
CY2013Q2 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
1063000
CY2013Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
462200000
CY2013Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
1063000
CY2013Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1815000
CY2013Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
254795000
CY2013Q2 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
CY2013Q2 us-gaap Other Deferred Credits Current
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225038000
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2972688000
CY2013Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
789256000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
CY2013Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
259319000
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q2 us-gaap Accrued Liabilities Current
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464528000
CY2013Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
1641000
CY2013Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
246500000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
10386000
CY2013Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
2800000
CY2013Q2 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
1815000
CY2013Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5448000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
CY2013Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
58078000
CY2013Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
147425000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1797000
CY2013Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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2100000000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1621000
CY2013Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
94836000
CY2013Q2 us-gaap Liabilities
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2574523000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
19586000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1171873000
CY2013Q2 us-gaap Derivative Assets
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4929000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
7429000
CY2013Q2 us-gaap Accrued Liabilities Fair Value Disclosure
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1620000
CY2013Q2 us-gaap Purchase Obligation Due In Third Year
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3312000
CY2013Q2 us-gaap Standard Product Warranty Accrual Noncurrent
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5826000
CY2013Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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310338000
CY2013Q2 us-gaap Taxes Payable Current
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39420000
CY2013Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
21400000
CY2013Q2 us-gaap Common Stock Value
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163000
CY2013Q2 us-gaap Other Liabilities Fair Value Disclosure
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195000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7250315000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1828000
CY2013Q2 us-gaap Other Assets Noncurrent
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159499000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
160887000
CY2013Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
492000
CY2013Q2 us-gaap Other Assets Fair Value Disclosure
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25312000
CY2013Q2 us-gaap Land
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65360000
CY2013Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
317796000
CY2013Q2 us-gaap Goodwill
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1452196000
CY2013Q2 us-gaap Leasehold Improvements Gross
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76225000
CY2013Q2 us-gaap Intangible Assets Net Excluding Goodwill
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1074345000
CY2013Q2 us-gaap Accounts Receivable Net Current
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602624000
CY2013Q2 us-gaap Inventory Net
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559317000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
157310000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
887858000
CY2013Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
29100000
CY2013Q2 us-gaap Inventory Finished Goods Net Of Reserves
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145303000
CY2013Q2 us-gaap Deferred Tax Assets Net
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241202000
CY2013Q2 us-gaap Property Plant And Equipment Gross
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1053012000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
153352000
CY2013Q2 us-gaap Assets Fair Value Disclosure Recurring
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2255183000
CY2013Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
27674000
CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
7400000
CY2013Q2 us-gaap Machinery And Equipment Gross
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521047000
CY2013Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
312484000
CY2013Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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700214000
CY2013Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11286000
CY2013Q2 us-gaap Short Term Investments
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1334745000
CY2013Q2 us-gaap Buildings And Improvements Gross
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249126000
CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-18117000
CY2013Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
695161000
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1045245000
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
36900000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
94720000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
44900000
CY2013Q2 us-gaap Inventory Work In Process Net Of Reserves
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101530000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
155093000
CY2013Q2 us-gaap Property Plant And Equipment Other
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120144000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
888904000
CY2013Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1355583000
CY2013Q2 us-gaap Investments Fair Value Disclosure
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1334746000
CY2013Q2 us-gaap Treasury Stock Value
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3539830000
CY2013Q2 us-gaap Tax Credit Carryforward Amount
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86100000
CY2013Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
22833000
CY2013Q2 us-gaap Property Plant And Equipment Net
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603910000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
152100000
CY2013Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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725311000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
5202000
CY2013Q2 us-gaap Assets
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7250315000
CY2013Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
5053000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1162473000
CY2013Q2 us-gaap Furniture And Fixtures Gross
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21110000
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
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106996000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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1172331000
CY2013Q2 us-gaap Restricted Cash And Investments Noncurrent
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166536000
CY2013Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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1384683000
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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266503000
CY2013Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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169371000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
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2226065000
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Asset
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4929000
CY2013Q2 us-gaap Assets Current
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3793829000
CY2013Q2 lrcx Investment Contractual Maturity Period
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P1Y
CY2013Q2 lrcx Available For Sale Securities Debt Maturities After Five Years Fair Value
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164753000
CY2013Q2 lrcx Restricted Cash Fair Value Disclosure
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164885000
CY2013Q2 lrcx Tax Deductible Goodwill
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61000000
CY2013Q2 lrcx Business Acquisition Share Exchange Ratio
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1.125
CY2013Q2 lrcx Prepaid Expenses Fair Value Disclosure
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4929000
CY2013Q2 lrcx Number Of Operating Leases
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2 pure
CY2013Q2 lrcx Assets Correlated To Deferred Compensation Obligation
AssetsCorrelatedToDeferredCompensationObligation
98100000
CY2013Q2 lrcx Number Of Operating Locations
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6 Location
CY2013Q2 lrcx Available For Sale Securities Debt Maturities After Five Years Amortized Cost
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165288000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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3310 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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241000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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123529000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
154185 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
922210 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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21.68
CY2011 us-gaap Sales Revenue Net
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3237693000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12406000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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50.11
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1490000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1177447 shares
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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4.34
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
27.03
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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4.18
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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881028000
CY2011 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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0.96
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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572182 shares
CY2013Q2 lrcx Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
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3721000
CY2013Q2 lrcx Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInInvestments
120000
CY2013Q2 lrcx Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
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3841000
CY2011Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
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835500000
CY2013Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
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250000000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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20.35
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.86
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.79
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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125019000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
32.20
CY2011 us-gaap Payments To Acquire Productive Assets
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127495000
CY2011 us-gaap Increase Decrease In Restricted Cash
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22000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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185000
CY2011 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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133830000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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159250000
CY2011 us-gaap Investment Income Interest
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9890000
CY2011 us-gaap Income Taxes Paid Net
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70774000
CY2011 us-gaap Payments To Acquire Available For Sale Securities
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564485000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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641626000
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CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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23290000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-5134000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-481000
CY2011 us-gaap Interest Paid
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232000
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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28775000
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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582000
CY2011 us-gaap Payments For Hedge Financing Activities
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181125000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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800876000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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80695000
CY2011 us-gaap Increase Decrease In Accounts Receivable
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89716000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-11085000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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13700000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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25282000
CY2011 us-gaap Repayments Of Long Term Debt And Capital Securities
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4530000
CY2011 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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21218000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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20100000
CY2011 us-gaap Comprehensive Income Net Of Tax
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803358000
CY2011 us-gaap Payments To Acquire Equity Method Investments
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417000
CY2011 us-gaap Gross Profit
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1497232000
CY2011 us-gaap Other Noncash Income Expense
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2341000
CY2011 us-gaap Operating Income Loss
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804285000
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
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894864000
CY2011 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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110655000
CY2011 us-gaap Income Tax Reconciliation Tax Credits
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16503000
CY2011 us-gaap Income Tax Holiday Aggregate Dollar Amount
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119500000
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
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137783000
CY2012 lrcx Allowance For Doubtful Accounts Receivable Recoveries Written Off
AllowanceForDoubtfulAccountsReceivableRecoveriesWrittenOff
100000
CY2012 lrcx Costs Included In Pro Forma Net Income
CostsIncludedInProFormaNetIncome
122000000
CY2012 lrcx Gain Or Loss On Assets Related To Deferred Compensation Plan
GainOrLossOnAssetsRelatedToDeferredCompensationPlan
-914000
CY2012 lrcx Adjustments To Additional Paid In Capital Resulting From Conversion Of Convertible Debt Into Equity
AdjustmentsToAdditionalPaidInCapitalResultingFromConversionOfConvertibleDebtIntoEquity
-22000
CY2012 lrcx Income Tax Reconciliation Acquisition Related Transaction Costs
IncomeTaxReconciliationAcquisitionRelatedTransactionCosts
5683000
CY2012 lrcx Operating Expense Restructurings And Impairment Charges
OperatingExpenseRestructuringsAndImpairmentCharges
1725000
CY2012 lrcx Net Cash Received In Settlement Of Paid In Advance For Stock Repurchase Contracts
NetCashReceivedInSettlementOfPaidInAdvanceForStockRepurchaseContracts
55194000
CY2013 dei Trading Symbol
TradingSymbol
LRCX
CY2013 dei Entity Registrant Name
EntityRegistrantName
LAM RESEARCH CORP
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000707549
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 1: Company and Industry Information</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor wafers are subjected to a complex series of process and preparation steps that result in the simultaneous creation of many individual integrated circuits. The Company leverages its expertise in the areas of etch, deposition, and single-wafer clean to develop processing solutions that typically benefit its customers through lower defect rates, enhanced yields, faster processing time, and reduced cost.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company sells its products and services primarily to companies involved in the production of semiconductors in North America, Europe, Taiwan, Korea, Japan, and other countries in Asia Pacific.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The semiconductor industry is cyclical in nature and has historically experienced periodic downturns and upturns. Today&#x2019;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&#x2019;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&#x2019;s ability to develop and market competitive products. For these and other reasons, the Company&#x2019;s results of operations for fiscal years 2013, 2012, and 2011 may not necessarily be indicative of future operating results.</font></p> </div>
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M23D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
288867 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
26.24
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173430000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
39.70
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
42.59
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2558000 shares
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06 pure
CY2013 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
42.61
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1754273 shares
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1940000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
42.52
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
10700000
CY2013 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
595000 shares
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
719933000
CY2013 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2"><i>Fiscal Year:</i> 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&#x2019;s most recent fiscal year ended on June&#xA0;30, 2013 and included 53 weeks. The fiscal years ended June&#xA0;24, 2012 and June&#xA0;26, 2011 included 52&#xA0;weeks. The Company&#x2019;s next fiscal year, ending on June&#xA0;29, 2014 will include 52&#xA0;weeks.</font></p> </div>
CY2013 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.06
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2013 us-gaap Number Of Reportable Segments
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1 Segment
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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25.47
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
38.76
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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168932000 shares
CY2013 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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9.44
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
299079 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2563670 shares
CY2013 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2"><i>Guarantees:</i> The Company has certain operating leases that contain provisions whereby the properties subject to the operating leases may be remarketed at lease expiration. The Company has guaranteed to the lessor an amount approximating the lessor&#x2019;s investment in the property. The Company has recorded a liability for certain guaranteed residual values related to these specific operating lease agreements. Also, the Company&#x2019;s guarantees generally include certain indemnifications to its lessors under operating lease agreements for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company&#x2019;s subsidiaries, indemnifications to the Company&#x2019;s customers for certain infringement of third-party intellectual property rights by its products and services, and the Company&#x2019;s warranty obligations under sales of its products.</font></p> </div>
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013 us-gaap Payments To Acquire Productive Assets
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181000
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5594000
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CY2013 us-gaap Reclassifications Of Temporary To Permanent Equity
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CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2013 us-gaap Income Taxes Paid Net
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-818000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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-539000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10607000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
293000
CY2013 us-gaap Interest Paid
InterestPaid
26635000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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66658000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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5303000
CY2013 us-gaap Increase Decrease In Accounts Receivable
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11300000
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CY2013 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2013 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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31265000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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35200000
CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Income Tax Reconciliation Tax Credits
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42593000
CY2013 us-gaap Income Tax Holiday Aggregate Dollar Amount
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10800000
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CY2013 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
74779000
CY2013 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1600000
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
8561000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
2026000
CY2013 us-gaap Payments For Repurchase Of Common Stock
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955661000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3034000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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21600000
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8900000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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99310000
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CostOfGoodsAndServicesSold
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CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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3436000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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11538000
CY2013 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
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3700000
CY2013 us-gaap Share Based Compensation
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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22900000
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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CY2013 us-gaap Amortization Of Intangible Assets
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CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2013 us-gaap Depreciation
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CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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3 Y
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20 D
CY2013 lrcx Maximum Usage Assessment Period For Inventory Write Down
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TreasuryStockSharesAcquired
90000 shares
CY2013Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
250000000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5312000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.73
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
213903000

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