Lam Research Corporation (LRCX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 1.14B | 1.48B | 1.78B | 2.55B | 1.31B | 741.94M | 1.57B | 862.43M | 1.38B | 1.45B | 951.16M | 1.12B | 1.73B | 1.14B | 1.19B | 443.93M | 757.71M | 1.44B | 457.52M | 1.44B |
| Operating CF Margin % | 19.54% | 27.69% | 33.41% | 49.39% | 27.72% | 16.95% | 37.63% | 22.28% | 36.5% | 38.68% | 27.32% | 35.01% | 44.62% | 21.6% | 23.44% | 9.58% | 18.66% | 34.08% | 10.63% | 34.64% |
| Operating CF Growth % | -12.78% | 99.48% | 13.42% | 196.16% | -5.5% | -48.97% | 64.9% | -23.18% | -19.79% | 27.51% | -20.04% | 152.9% | 127.85% | -20.85% | 160.01% | -69.08% | -34.97% | 317.98% | -28.79% | 76.61% |
| Net Income | 1.83B | 1.59B | 1.57B | 1.72B | 1.33B | 1.19B | 1.12B | 1.02B | 965.83M | 954.27M | 887.4M | 802.54M | 814.01M | 1.47B | 1.43B | 1.21B | 1.02B | 1.19B | 1.18B | 1.14B |
| Depreciation & Amortization | 116.32M | 103.92M | 101.64M | 98.44M | 97.34M | 96.2M | 94.3M | 88.36M | 89.92M | 90.94M | 90.48M | 89.6M | 91.66M | 85.41M | 75.75M | 87.93M | 84.23M | 81.7M | 79.87M | 78.4M |
| Stock-Based Compensation | 96.62M | 88.54M | 97.24M | 94.29M | 87.11M | 81.96M | 80.01M | 79.09M | 76.85M | 69.9M | 67.21M | 68.5M | 73.91M | 73.08M | 71.11M | 69.59M | 68.54M | 62.83M | 58.1M | 56.32M |
| Deferred Taxes | -19.48M | -30.96M | -62.88M | -151.68M | -19.99M | -82.85M | -108.72M | -61.38M | -24.62M | -88.75M | -24.24M | -38.96M | 7.2M | -6.68M | -133.62M | -173.99M | -56.88M | -13.55M | -13.02M | -146.03M |
| Other Non-Cash Items | -2.85M | -199.27M | -1.89M | 14.24M | 1.65M | -157.48M | -457K | -4M | 10.21M | 4.18M | -150K | 40.76M | 1.56M | 12.73M | -2.75M | 33.57M | -3.12M | -66.51M | -8.69M | -27.79M |
| Working Capital Changes | -874.64M | -76.18M | 76.18M | 778.81M | -188.12M | -386.9M | 386.9M | -259.93M | 266.64M | 423.3M | -69.54M | 160.29M | 738.1M | -492.87M | -246.78M | -782.11M | -356.84M | 181.2M | -838.48M | 330.38M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.52M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -78.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -334.58M | -257.78M | -186.05M | -129.25M | -292.92M | -175.38M | -110.55M | -101.61M | -92.36M | -101.96M | -74.68M | -55.18M | -84.33M | -267.25M | -127.8M | -75.94M | -94.56M | 186.08M | 596.69M | 689.06M |
| Capital Expenditures | -331.6M | 185.12M | -185.12M | -172.19M | -288.06M | 110.59M | -110.59M | -100.75M | -103.65M | -115.28M | -76.99M | -78.67M | 0 | 0 | -140.06M | -125.75M | -145.37M | -138.49M | -136.43M | -104.62M |
| CapEx % of Revenue | 5.68% | 3.46% | 3.48% | 3.33% | 6.1% | 2.53% | 2.65% | 2.6% | 2.73% | 3.07% | 2.21% | 2.45% | 3.09% | 3.1% | 2.76% | 2.71% | 3.58% | 3.28% | 3.17% | 2.52% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 239.91M | 0 | 0 | 0 | 0 | 0 | 0 | 136.43M | 104.62M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.98M | -442.9M | -927K | 42.94M | -4.86M | -285.96M | 37K | -865K | -3.36M | -2.52M | -4.97M | -2.79M | -123.75M | -284.99M | -2.44M | 26.32M | -28.38M | -595K | -141.35M | -110.9M |
| Cash from Financing | -2.23B | -1.73B | -1.28B | -1.51B | -1.23B | -935.23M | -1.26B | -574.15M | -1.24B | -859.89M | -1.33B | -1.04B | -819.53M | -662.21M | -310.94M | -1.02B | -1.55B | -578.1M | -1.43B | -1.38B |
| Debt Issued (Net) | -751.19M | -1.46M | -1.42M | -1.49M | -504.04M | -1.03M | -934K | -97.99M | -1.06M | -986K | -253.11M | -68.24M | -2.21M | -17.08M | -1.85M | -2.03M | -1.82M | -1.7M | -6.34M | -822.05M |
| Equity Issued (Net) | -1.15B | -1.4B | -975.79M | -1.21B | -433.33M | -637.33M | -997.08M | -370.75M | -972.33M | -643.75M | -840.42M | -869.01M | -581.94M | -455.4M | -102.98M | -813.29M | -1.34B | -411.36M | -1.24B | -374.07M |
| Dividends Paid | -325.83M | -327.51M | -291.98M | -295.21M | -295.72M | -297.63M | -260.99M | -261.46M | -262.71M | -264.41M | -230.33M | -232.34M | -233.98M | -235.98M | -205.62M | -208.06M | -210.59M | -211.22M | -185.43M | -185.38M |
| Share Repurchases | -1.16B | -1.47B | -975.79M | -1.29B | -435.32M | -697.69M | -997.03M | -373.55M | -980.56M | -645.46M | -843.24M | -869.01M | -581.94M | -456.28M | -109.78M | -876.09M | -1.34B | -414.81M | -1.24B | -431.25M |
| Other Financing | 55K | -1.12M | -12.45M | -820K | 526K | 761K | -324K | 156.05M | 300K | 49.26M | -2.15M | 131.6M | -1.4M | 46.25M | -489K | -152K | 214K | 46.17M | 188K | -269K |
| Net Change in Cash | -1.43B | -516.28M | 304.22M | 944.68M | -214.43M | -394.69M | 221.28M | 177.05M | 48.23M | 498.71M | -460.56M | 31.04M | 820.28M | 228.61M | 734.5M | -672.72M | -891.65M | 1.04B | -377.15M | 743.92M |
| Free Cash Flow | 809.82M | 1.67B | 1.59B | 2.38B | 1.02B | 852.53M | 1.46B | 761.68M | 1.28B | 1.34B | 874.17M | 1.04B | 1.61B | 976.81M | 1.05B | 318.19M | 612.34M | 1.3B | 321.1M | 1.33B |
| FCF Margin % | 13.86% | 31.15% | 29.94% | 46.06% | 21.62% | 19.48% | 34.98% | 19.67% | 33.77% | 35.62% | 25.11% | 32.55% | 41.53% | 18.51% | 20.68% | 6.86% | 15.08% | 30.81% | 7.46% | 32.12% |
| FCF Growth % | -20.65% | 95.32% | 9.33% | 212.73% | -20.34% | -36.31% | 66.77% | -27.05% | -20.27% | 37.03% | -16.71% | 228.13% | 162.43% | -24.98% | 226.86% | -76.1% | -43.06% | 415.52% | -44.61% | 74.6% |
| FCF per Share | 0.64 | 1.32 | 1.26 | 1.87 | 0.79 | 0.66 | 1.12 | 0.58 | 0.97 | 1.01 | 0.66 | 0.78 | 1.19 | 0.72 | 0.76 | 0.23 | 0.44 | 0.92 | 0.23 | 0.93 |
| FCF Conversion (FCF/Net Income) | 0.63x | 0.93x | 1.13x | 1.48x | 0.98x | 0.62x | 1.40x | 0.85x | 1.43x | 1.52x | 1.07x | 1.40x | 2.12x | 0.78x | 0.83x | 0.37x | 0.74x | 1.21x | 0.39x | 1.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |