LRCX FY 2006 Earnings Report — Lam Research Corporation Revenue & Financial Results | Market Cap Arena

Lam Research CorporationLRCX

FY 2006 Earnings

Reported August 16, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$405M	—	—	—	—
Gross Margin	50.4%	—	—	—	—
Net Margin	20.4%	—	—	—	—
EPS (Diluted)	$0.23	—	—	—	—
Free Cash Flow	$319M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$815M
GROSS PROFIT	$827M
R&D Expenses	$229M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$192M
Other Expenses	$1M
Operating Expenses	$422M
Cost & Expenses	$1.2B
OPERATING INCOME	$405M
Interest Income	$38M
Interest Expense	$1M
Other Income/Expenses	$35M
INCOME BEFORE TAX	$441M
Income Tax Expense	$105M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$336M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$335M
D&A	$22M
EBIT	$441M
EBITDA	$463M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$815M
GROSS PROFIT	$827M
R&D Expenses	$229M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$192M
Other Expenses	$1M
Operating Expenses	$422M
Cost & Expenses	$1.2B
OPERATING INCOME	$405M
Interest Income	$38M
Interest Expense	$1M
Other Income/Expenses	$35M
INCOME BEFORE TAX	$441M
Income Tax Expense	$105M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$336M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$335M
D&A	$22M
EBIT	$441M
EBITDA	$463M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$336M
Depreciation & Amortization	$25M
Stock-Based Compensation	$23M
Deferred Income Tax	$28M
Other Non-Cash Items	$10M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$361M
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	-$129M
Sales/Maturities of Investments	$312M
Other Investing Activities	-$385M
NET CASH FROM INVESTING	-$244M
Net Debt Issuance	$350M
Common Stock Repurchased	-$251M
Common Dividends Paid	$0
Other Financing Activities	$18M
NET CASH FROM FINANCING	$311M
FREE CASH FLOW	$319M
Net Change in Cash	$429M

Balance Sheet

Item	Amount
Cash & Equivalents	$911M
Short-Term Investments	$140M
Net Receivables	$407M
Inventory	$169M
Other Current Assets	$54M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$50M
Goodwill	$0
Intangible Assets	$15M
Long-Term Investments	$0
Tax Assets	$39M
Other Non-Current Assets	$504M
TOTAL NON-CURRENT ASSETS	$607M
TOTAL ASSETS	$2.3B
Account Payables	$109M
Short-Term Debt	$0
Deferred Revenue	$140M
Other Current Liabilities	$201M
TOTAL CURRENT LIABILITIES	$568M
Long-Term Debt	$350M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$969.0K
TOTAL NON-CURRENT LIABILITIES	$351M
TOTAL LIABILITIES	$919M
Common Stock	$142.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$784M
Treasury Stock	-$416M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$350M
Net Debt	-$561M