LAM RESEARCH CORPORATION (LRCX) FY2026 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-12-29 to 2026-03-29

Swipe to see the full flow
LAM RESEARCH CORPORATION cash flow reconciliation, Dec 29, 2025 through Mar 29, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,141,420,000.00Net income → Operating adjustments reconciliation: $684,040,000.00Depreciation and amortization → Operating adjustments reconciliation: $116,322,000.00Equity-based compensation expense → Operating adjustments reconciliation: $96,616,000.00Operating adjustments reconciliation → Changes in operating assets and liabilities: $874,645,000.00Operating adjustments reconciliation → Deferred income taxes: $19,478,000.00Operating adjustments reconciliation → Other, net: $2,855,000.00Net cash used in investing activities → investing reconciliation: $334,580,000.00investing reconciliation → Capital expenditures and intangible assets: $331,604,000.00investing reconciliation → Other, net: $2,976,000.00Net cash used in financing activities → financing reconciliation: $2,230,638,000.00Proceeds from issuance of common stock, net issuance costs → financing reconciliation: $9,167,000.00Other, net → financing reconciliation: $55,000.00financing reconciliation → Treasury stock purchases, including excise tax payments: $1,162,837,000.00financing reconciliation → Principal payments on debt, including finance lease obligations and payments for debt issuance costs: $751,194,000.00financing reconciliation → Dividends paid: $325,829,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $6,195,598,000.00Net cash from operating activities → Cash sources and uses: $1,141,420,000.00Cash sources and uses → Exchange-rate effect: $4,979,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $4,766,821,000.00Cash sources and uses → Net cash used in investing activities: $334,580,000.00Cash sources and uses → Net cash used in financing activities: $2,230,638,000.00Net income: $1,825,460,000.00Net income+$1.83 BDepreciation and amortization: $116,322,000.00Depreciation & amortization+$116.32 MDeferred income taxes: -$19,478,000.00Deferred income taxes−$19.48 MEquity-based compensation expense: $96,616,000.00Stock-based compensation+$96.62 MChanges in operating assets and liabilities: -$874,645,000.00Operating capital changes−$874.65 MOther, net: -$2,855,000.00Other non-cash items−$2.86 MNet cash from operating activities: $1,141,420,000.00Operating cash+$1.14 BOperating adjustments reconciliation: $896,978,000.00Proceeds from issuance of common stock, net issuance costs: $9,167,000.00Common stock issued+$9.17 MOther, net: $55,000.00Other financing, net+$55.00 KDividends paid: -$325,829,000.00Dividends paid−$325.83 MTreasury stock purchases, including excise tax payments: -$1,162,837,000.00Common stock repurchases−$1.16 BPrincipal payments on debt, including finance lease obligations and payments for debt issuance costs: -$751,194,000.00Debt & lease obligations repaid−$751.19 MReissuance of treasury stock related to employee stock purchase plan: $0.00Net cash used in financing activities: -$2,230,638,000.00. Cash required to fund net payments.Financing cash−$2.23 Bfinancing reconciliation: $2,239,860,000.00Capital expenditures and intangible assets: -$331,604,000.00Capital expenditures−$331.60 MOther, net: -$2,976,000.00Other investing, net−$2.98 MNet cash used in investing activities: -$334,580,000.00. Cash required to fund net payments.Investing cash−$334.58 Minvesting reconciliation: $334,580,000.00Cash sources and uses: $7,337,018,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $6,195,598,000.00Beginning cash$6.20 BEnding cash: Cash, cash equivalents, and restricted cash: $4,766,821,000.00Ending cash$4.77 BExchange-rate effect: -$4,979,000.00FX effect−$4.98 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$809.82 MOperating cash − cash spent on productive assetsCash flow / Net income0.63×Operating cash flow ÷ net incomeNet cash change−$1.43 BEnding cash − beginning cash
Chart details

LAM RESEARCH CORPORATION cash flow reconciliation, Dec 29, 2025 through Mar 29, 2026

Cash flows for Dec 29, 2025 through Mar 29, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 28, 2025. Ending cash: Mar 29, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 28, 2025
6,195,598,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,141,420,000 US dollars. Net cash provided.
Net income
1,825,460,000 US dollars
Depreciation and amortization
116,322,000 US dollars
Deferred income taxes
negative 19,478,000 US dollars
Equity-based compensation expense
96,616,000 US dollars
Changes in operating assets and liabilities
negative 874,645,000 US dollars
Other, net
negative 2,855,000 US dollars
Investing activities
negative 334,580,000 US dollars. Net cash used.
Capital expenditures and intangible assets
negative 331,604,000 US dollars
Other, net
negative 2,976,000 US dollars
Financing activities
negative 2,230,638,000 US dollars. Net cash used.
Proceeds from issuance of common stock, net issuance costs
9,167,000 US dollars
Other, net
55,000 US dollars
Dividends paid
negative 325,829,000 US dollars
Treasury stock purchases, including excise tax payments
negative 1,162,837,000 US dollars
Principal payments on debt, including finance lease obligations and payments for debt issuance costs
negative 751,194,000 US dollars
Reissuance of treasury stock related to employee stock purchase plan
0 US dollars
Operating adjustment reconciliation
896,978,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,239,860,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
334,580,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 4,979,000 US dollars
Ending cash on Mar 29, 2026
4,766,821,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,337,018,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,428,777,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.63×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,141,420,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
331,604,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
809,816,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.14B of net income directly to operating cash and $684.04M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,141,420,000 US dollars minus 331,604,000 US dollars equals 809,816,000 US dollars.
LAM RESEARCH CORPORATION (LRCX) FY2026 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!