Lam Research Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B |
| Depreciation & Amortization | $441.5M | $386.3M | $359.7M | $342.4M | $333.7M | $307.2M | $268.5M | $309.3M |
| Depreciation | $383.9M | $329.5M | $299.0M | $282.8M | $248.2M | $229.8M | $198.8M | $182.1M |
| Amortization | — | — | $56.3M | $51.5M | $78.0M | $70.6M | $66.2M | $127.3M |
| Stock-Based Compensation | $386.4M | $343.4M | $293.1M | $286.6M | $259.1M | $220.2M | $189.2M | $187.2M |
| Net Cash from Operating Activities | $5.86B | $6.17B | $4.65B | $5.18B | $3.10B | $3.59B | $2.13B | $3.18B |
| Investing Activities | ||||||||
| Capital Expenditures | $966.4M | $759.2M | $396.7M | $501.6M | $546.0M | $349.1M | $203.2M | $303.5M |
| Business Acquisitions | — | $0 | $0 | $120.0M | $0 | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-922.2M | $-708.1M | $-370.6M | $-534.6M | $612.3M | $73.3M | $-244.1M | $-1.64B |
| Financing Activities | ||||||||
| Dividends Paid | $1.27B | $1.15B | $1.02B | $907.9M | $815.3M | $727.0M | $656.8M | $678.3M |
| Stock Repurchases | $3.85B | $3.42B | $2.84B | $2.02B | $3.87B | $2.70B | $1.37B | $3.78B |
| Net Cash from Financing Activities | $-5.72B | $-4.94B | $-4.00B | $-2.83B | $-4.58B | $-4.17B | $-623.9M | $-2.39B |
| Net Change in Cash | $-809.7M | $556.9M | $263.4M | $1.81B | $-897.2M | $-498.3M | $1.26B | $-855.2M |
| Free Cash Flow | $4.89B | $5.41B | $4.26B | $4.68B | $2.55B | $3.24B | $1.92B | $2.87B |