Source document: lam-research-corporation_2019

Question: What do the purchase obligations consist of?
Facts: significant contractual obligations either on an annual basis or over multi-year periods related to our outsourcing activities or other material commitments, including vendor-consigned inventories
Answer: significant contractual obligations either on an annual basis or over multi-year periods related to our outsourcing activities or other material commitments, including vendor-consigned inventories

Question: What is the  one-time transition tax on accumulated unrepatriated foreign earnings during the December 2017 quarter?
Facts: $991 million
Answer: $991 million

Question: What do capital leases reflect?
Facts: building and office equipment lease obligations
Answer: building and office equipment lease obligations

Question: What is the percentage of the operating leases of more than 5 years in the total operating leases?
Facts: 11,825; 98,389
Derivation: 11,825/98,389
Answer: 12.02 percent

Question: What is the percentage of capital leases in the total liabilities?
Facts: 50,049; 8,031,229
Derivation: 50,049/8,031,229
Answer: 0.62 percent

Question: What is the percentage of the purchase obligations of more than 5 years in the total purchase obligations?
Facts: 36,675; 424,561
Derivation: 36,675/424,561
Answer: 8.64 percent

Question: Why did the Company's material operating segments qualify for aggregation?
Facts: due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution
Answer: due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution

Question: What are the geographic regions in which the Company operates?
Facts: China; Europe; Japan; Korea; Southeast Asia; Taiwan; United States
Answer: United States; China; Europe; Japan; Korea; Southeast Asia; Taiwan

Question: How is the revenue attributed to for geographical reporting?
Facts: to the geographic location in which the customers’ facilities are located
Answer: to the geographic location in which the customers’ facilities are located

Question: What is the percentage change in the long-lived assets in United States from 2018 to 2019?
Facts: 784,469; 933,054
Derivation: (933,054-$784,469)/$784,469
Answer: 18.94 percent

Question: What is the percentage change in the long-lived assets in Korea from 2018 to 2019?
Facts: 24,312; 28,200
Derivation: (28,200-24,312)/24,312
Answer: 15.99 percent

Question: What is the percentage change in the total long-lived assets from 2018 to 2019?
Facts: 1,059,077; 902,547
Derivation: (1,059,077-902,547)/902,547
Answer: 17.34 percent

Question: What is the deferred revenue at the end of June 2019 recognised under?
Facts: Accounting Standard Codification (“ASC”) 606
Answer: Accounting Standard Codification (“ASC”) 606

Question: What is the percentage of Korea revenue in the total revenue on June 30, 2019?
Facts: 23%
Answer: 23%

Question: What is the percentage of China revenue in the total revenue on June 24, 2018?
Facts: 16%
Answer: 16%

Question: What is the percentage change in the total revenue from 2018 to 2019?
Facts: 11,077; 9,654
Derivation: (9,654-11,077)/11,077
Answer: -12.85 percent

Question: What is the percentage change in the deferred revenue balance from 2018 to 2019?
Facts: 449; 994
Derivation: (449-994)/994
Answer: -54.83 percent

Question: What is the percentage change in the anticipated future revenue value from shipments to customers in Japan from 2018 to 2019?
Facts: 607; 78
Derivation: (78-607)/607
Answer: -87.15 percent

Question: What do the the audit fees represent?
Facts: fees for professional services provided in connection with the audits of annual financial statements
Answer: fees for professional services provided in connection with the audits of annual financial statements

Question: What do tax fees represent?
Facts: fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals
Answer: fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals

Question: What do the audit-related fees represent?
Facts: fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”
Answer: fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”

Question: What is the percentage change in the audit fees from 2018 to 2019?
Facts: 4,605,495; 4,703,830
Derivation: (4,703,830-4,605,495)/4,605,495
Answer: 2.14 percent

Question: What is the percentage change in the audit-related fees from 2018 to 2019?
Facts: 27,000; 90,500
Derivation: (27,000-90,500)/90,500
Answer: -70.17 percent

Question: What is the percentage change in the total fees from 2018 to 2019?
Facts: 4,730,883; 4,925,000
Derivation: (4,925,000-4,730,883)/4,730,883
Answer: 4.1 percent

Question: What is the amount of fair value of cash equivalents, investments, and restricted investments with contractual maturities as of June 30, 2019 that is due in more than five years?
Facts: 41,612
Answer: 41,612 thousand

Question: What is the amount of amortized cost of cash equivalents, investments, and restricted investments with contractual maturities as of June 30, 2019 that is due in one year or less?
Facts: $4,842,996
Answer: $4,842,996 thousand

Question: What is the amount of fair value of cash equivalents, investments, and restricted investments with contractual maturities as of June 30, 2019 that is due after one year through five years?
Facts: 333,019
Answer: 333,019 thousand

Question: What is the percentage of fair value of cash equivalents, investments, and restricted investments with contractual maturities that is due in more than five years in the total fair value?
Facts: 41,756; 5,218,920
Derivation: 41,756/5,218,920
Answer: 0.8 percent

Question: What is the percentage of amortized cost of cash equivalents, investments, and restricted investments with contractual maturities that is due in more than five year in the total cost?
Facts: 41,612; 5,216,315
Derivation: 41,612/5,216,315
Answer: 0.8 percent

Question: Which measurement of cash equivalents, investments, and restricted investments with contractual maturities has a higher total amount?
Facts: Fair Value
Derivation: Find the measurement with the higher total amount
Answer: Fair Value

Question: What is the Amount of after-tax gain reclassified from accumulated other comprehensive income into net income located in revenue?
Facts: $9.6 million gain
Answer: $9.6 million gain

Question: What is the Amount of after-tax loss reclassified from accumulated other comprehensive income into net income located in selling, general, and administrative expenses?
Facts: $1.7 million loss
Answer: $1.7 million loss

Question: What is the Amount of after-tax loss reclassified from accumulated other comprehensive income into net income located in cost of goods sold?
Facts: $5.0 million loss
Answer: $5.0 million loss

Question: What is the percentage change in the total balance from 2018 to 2019?
Facts: 57,449; 64,030
Derivation: (64,030-57,449)/57,449
Answer: 11.46 percent

Question: Under the Accumulated Foreign Currency Translation Adjustment, what is the percentage change in the balance from 2018 to 2019?
Facts: 32,722; 39,370
Derivation: (39,370-32,722)/32,722
Answer: 20.32 percent

Question: Under the Accumulated Unrealized Components of Defined Benefit Plans, what is the percentage change in the balance from 2018 to 2019?
Facts: 19,495; 22,476
Derivation: (22,476-19,495)/19,495
Answer: 15.29 percent

Question: What is the stockholder's equity as reported in June 24, 2018?
Facts: $6,501,851
Answer: $6,501,851 thousand

Question: What is the total liabilities as reported in June 24, 2018?
Facts: $5,899,435
Answer: $5,899,435 thousand

Question: What is the deferred profit as reported in June 24, 2018?
Facts: $720,086
Answer: $720,086 thousand

Question: What is the percentage change in the total assets after the adjustment?
Facts: 12,479,478; 12,492,433
Derivation: (12,492,433-12,479,478)/12,479,478
Answer: 0.1 percent

Question: What is the percentage change in the deferred profit after the adjustment?
Facts: 559,391; 720,086
Derivation: (559,391-720,086)/720,086
Answer: -22.32 percent

Question: What is the percentage change in the total liabilities after the adjustment?
Facts: 5,773,035; 5,899,435
Derivation: (5,773,035-5,899,435)/5,899,435
Answer: -2.14 percent

Question: What might the estimated potential impact being in the range of $75 million result in?
Facts: a decrease in deferred tax assets and an increase in tax expense
Answer: a decrease in deferred tax assets and an increase in tax expense

Question: What was the impact of tax ruling on taxes?
Facts: decreased taxes by approximately $6.3 million for fiscal year 2017.
Answer: decreased taxes by approximately $6.3 million for fiscal year 2017.

Question: What is the amount of foreign withholding taxes at current statutory rates?
Facts: $73.1 million
Answer: $73.1 million

Question: What is the percentage change in the Income tax expense computed at federal statutory rate from 2018 to 2019?
Facts: 513,780; 891,011
Derivation: (513,780-891,011)/891,011
Answer: -42.34 percent

Question: What is the percentage change in the Other permanent differences and miscellaneous items from 2018 to 2019?
Facts: 39,251; 43,214
Derivation: (39,251-43,214)/43,214
Answer: -9.17 percent

Question: In which year is the actual income tax expense the highest?
Facts: 2018
Derivation: Find the year with the highest actual income tax expense
Answer: 2018

Question: What was the amount of federal net operating loss carryforwards at June 30, 2019?
Facts: $109.8 million
Answer: $109.8 million

Question: What was the amount of state net operating loss carryforwards at June 30, 2019?
Facts: $58.5 million
Answer: $58.5 million

Question: What was the amount of state tax credit carryforwards at June 30, 2019?
Facts: $322.4 million
Answer: $322.4 million

Question: What is the percentage change in the tax carry forwards from 2018 to 2019?
Facts: 206,073; 231,390
Derivation: (231,390-206,073)/206,073
Answer: 12.29 percent

Question: What is the percentage change in the gross deferred tax assets from 2018 to 2019?
Facts: 437,000; 470,609
Derivation: (470,609-437,000)/437,000
Answer: 7.69 percent

Question: In which year is the net deferred tax assets higher?
Facts: 2019
Derivation: Find the year with the higher net deferred tax assets
Answer: 2019

Question: What is the annual interest rate the Company will pay on the 2026 Notes?
Facts: 3.75%
Answer: 3.75%

Question: What is the aggregate principal amount of Senior Notes due June 2021?
Facts: $800 million
Answer: $800 million

Question: What is the interest at annual rate that the Company will pay on the 2021 Notes?
Facts: 2.80%
Answer: 2.80%

Question: Which notes has the highest fair value?
Facts: 2029
Derivation: Find the Notes with the highest fair value
Answer: 2029

Question: Which notes has the highest remaining amortization period?
Facts: 2049
Derivation: Find the Notes with the highest remaining amortization period
Answer: 2049

Question: What is the annual interest expense on the 2021 Notes?
Facts: 2.80; 800
Derivation: 800*2.80%
Answer: 22.4 million

Question: What is the depreciation expense, including amortization of capital leases, during fiscal year 2019?
Facts: $182.1 million
Answer: $182.1 million

Question: What is the Manufacturing and engineering equipment amount as of June 30, 2019?
Facts: $1,039,454
Answer: $1,039,454 thousand

Question: What is the buildings and improvements amount as of June 30, 2019?
Facts: 664,061
Answer: 664,061 thousand

Question: What is the percentage change in the Depreciation expense, including amortization of capital leases, from 2018 to 2019?
Facts: 165.2; 182.1
Derivation: (182.1-165.2)/165.2
Answer: 10.23 percent

Question: What is the percentage change in the accumulated depreciation and amortization from 2018 to 2019?
Facts: 833,609; 963,682
Derivation: (963,682-833,609)/833,609
Answer: 15.6 percent

Question: in which year is the net amount of property and equipment higher?
Facts: 2019
Derivation: Find the year with the higher net property and equipment
Answer: 2019

Question: What was the reason for the increase in interest income in 2019?
Facts: higher yield
Answer: higher yield

Question: What was the reason for the loss on impairment of investments in the year ended June 24, 2018?
Facts: a decision to sell selected investments held in foreign jurisdictions in connection with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform.
Answer: a decision to sell selected investments held in foreign jurisdictions in connection with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform.

Question: What were the reasons for the net loss on extinguishment of debt realized in the year ended June 25, 2017?
Facts: the special mandatory redemption of the Senior Notes due 2023 and 2026; the termination of the Term Loan Agreement
Answer: the special mandatory redemption of the Senior Notes due 2023 and 2026; the termination of the Term Loan Agreement

Question: What is the percentage change in the interest income from 2018 to 2019?
Facts: 85,813; 98,771
Derivation: (98,771-85,813)/85,813
Answer: 15.1 percent

Question: What is the percentage change in the net gains on extinguishment of debt from 2018 to 2019?
Facts: 118; 542
Derivation: (118-542)/542
Answer: -78.23 percent

Question: What is the percentage change in the foreign exchange losses from 2017 to 2018?
Facts: 3,382; 569
Derivation: (3,382-569)/569
Answer: 494.38 percent

Question: What is the cause of the increase in interest expense during the 12 months ended June 30, 2019?
Facts: the issuance of $2.5 billion of Senior Notes in March 2019
Answer: the issuance of $2.5 billion of Senior Notes in March 2019

Question: What is total interest cost recognised in 2019?
Facts: $110,161
Answer: $110,161 thousand

Question: What is the contractual interest coupon in 2018?
Facts: $77,091
Answer: $77,091 thousand

Question: What is the percentage change in the Amortization of interest discount from 2018 to 2019?
Facts: 12,225; 3,937
Derivation: (3,937-12,225)/12,225
Answer: -67.8 percent

Question: What is the percentage change in the amortization of issuance costs from 2018 to 2019?
Facts: 1,426; 2,034
Derivation: (1,426-2,034)/2,034
Answer: -29.89 percent

Question: What is the percentage change in the total interest cost recognised from 2018 to 2019?
Facts: 110,161; 91,353
Derivation: (110,161-91,353)/91,353
Answer: 20.59 percent

Question: How long do market-based PRSUs usually vest from grant date?
Facts: three years
Answer: three years

Question: How is the stock price performance or market price performance measured?
Facts: using the closing price for the 50-trading days prior to the dates the performance period begins and ends
Answer: using the closing price for the 50-trading days prior to the dates the performance period begins and ends

Question: What is the number of shares as of June 26, 2016?
Facts: 3,256,513
Answer: 3,256,513

Question: Which type of RSUs outstanding is higher as of June 26, 2016?
Facts: Service-based RSUs Outstanding
Derivation: Find the type of RSUs outstanding that is higher as of June 26, 2016
Answer: Service-based RSUs Outstanding

Question: Which type of RSUs outstanding is higher as of June 25, 2017?
Facts: Service-based RSUs Outstanding
Derivation: Find the type of RSUs outstanding that is higher as of June 25, 2017
Answer: Service-based RSUs Outstanding

Question: Which type of RSUs outstanding is higher as of June 30, 2019?
Facts: Service-based RSUs Outstanding
Derivation: Find the type of RSUs outstanding that is higher as June 25, 2017Find the type of RSUs outstanding that is higher as of June 30, 2019
Answer: Service-based RSUs Outstanding

Question: How was the fair value of the Company’s service-based RSUs calculated?
Facts: based on fair market value of the Company’s stock at the date of grant, discounted for dividends
Answer: based on fair market value of the Company’s stock at the date of grant, discounted for dividends

Question: Which model was used for the calculation of the fair value of the Company’s market-based PRSUs granted during fiscal years 2019, 2018, and 2017?
Facts: Monte Carlo simulation model
Answer: Monte Carlo simulation model

Question: What is the amount of total unrecognised compensation expense as of June 30, 2019?
Facts: $271.9 million
Answer: $271.9 million

Question: What is the change in the expected volatility from 2018 to 2019?
Facts: 32.65; 34.07
Derivation: 32.65-34.07
Answer: -1.42 percent

Question: What is the change in the risk-free interest rate from 2018 to 2019?
Facts: 2.35; 2.52
Derivation: 2.52-2.35
Answer: 0.17 percent

Question: What is the change in the dividend yield from 2018 to 2019?
Facts: 1.05; 2.49
Derivation: 2.49-1.05
Answer: 1.44 percent

Question: What is the total number of shares repurchased?
Facts: 21,517
Answer: 21,517 thousand

Question: What was the total cost of the shares that were withheld during the fiscal year ended June 30, 2019?
Facts: $80.5 million
Answer: $80.5 million

Question: What will the total number of shares received under the June 2019 ASR will be based upon?
Facts: the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount
Answer: the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount

Question: What is the percentage of shares repurchased in Quarter ended December 23, 2018 in the total repurchased shares?
Facts: 1,693; 21,517
Derivation: 1,693/21,517
Answer: 7.87 percent

Question: What is the percentage of shares repurchased within May 27, 2019 - June 30, 2019 in the total repurchased shares?
Facts: 21,517; 4,728
Derivation: 4,728/21,517
Answer: 21.97 percent

Question: What is the percentage of the Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs in the Total Number of Shares Repurchased?
Facts: 21,059; 21,517
Derivation: 21,059/21,517
Answer: 97.87 percent

Question: How did the Company adopt the ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" standard?
Facts: using a modified-retrospective approach through a cumulative-effect adjustment directly to retained earnings
Answer: using a modified-retrospective approach through a cumulative-effect adjustment directly to retained earnings

Question: What did the adoption of the standard result in?
Facts: a $2.2 million increase to retained earnings, with a corresponding $2.2 million decrease to other comprehensive income
Answer: a $2.2 million increase to retained earnings, with a corresponding $2.2 million decrease to other comprehensive income

Question: What did the adoption of the amendments result in?
Facts: minor changes within its Consolidated Financial Statements
Answer: minor changes within its Consolidated Financial Statements

Question: What is the gross profit as reported in 2019?
Facts: 5,295,100; 9,653,559
Derivation: 9,653,559-5,295,100
Answer: 4358459 thousand

Question: What is the gross profit ratio as reported in 2019?
Facts: 5,295,100; 9,653,559
Derivation: (9,653,559-5,295,100)/9,653,559
Answer: 45.15 percent

Question: What is the percentage change in the revenue after the adoption of ASC606?
Facts: 9,049,790; 9,653,559
Derivation: (9,653,559-9,049,790)/9,049,790
Answer: 6.67 percent

Question: What was the one-time transition tax on accumulated unrepatriated foreign earnings in the fiscal year ended June 24, 2018?
Facts: $883.0 million
Answer: $883.0 million

Question: What was the period of time the Company chose to pay the one-time transition tax?
Facts: over a period of eight years
Answer: over a period of eight years

Question: What was the income before income taxes from United States in 2018?
Facts: $128,190
Answer: $128,190 thousand

Question: What is the percentage change in the income before income taxes from United States from 2017 to 2018?
Facts: 128,190; 7,553
Derivation: (128,190-7,553)/7,553
Answer: 1597.21 percent

Question: What is the percentage change in the income before income taxes from Foreign countries from 2018 to 2019?
Facts: 2,506,447; 3,023,599
Derivation: (2,506,447-3,023,599)/3,023,599
Answer: -17.1 percent

Question: In which year is the income before income taxes from Foreign countries the highest?
Facts: 2018
Derivation: Find the year with the highest income before income taxes from Foreign countries
Answer: 2018

Question: What did the committee grant Mr Bettinger?
Facts: a one-time service-based restricted stock unit (RSU) award with a nominal value of $8,000,000 and a four-year vesting schedule
Answer: a one-time service-based restricted stock unit (RSU) award with a nominal value of $8,000,000 and a four-year vesting schedule

Question: What did the independent members of the Board grant Mr Archer on December 6, 2018?
Facts: 50% stock options with a four-year vesting schedule; a $5,000,000 equity award consisting of 50% service-based RSUs
Answer: a $5,000,000 equity award consisting of 50% service-based RSUs; 50% stock options with a four-year vesting schedule

Question: Why did Mr Anstice not participate in the 2019/2021 LTIP?
Facts: he terminated his employment with the Company as of December 5, 2018
Answer: he terminated his employment with the Company as of December 5, 2018

Question: Which named executive officer has the highest Service-based RSUs Award?
Facts: Timothy M. Archer
Derivation: Find the named executive officer with the highest Service-based RSUs Award
Answer: Timothy M. Archer

Question: Which named executive officer has the highest Stock Options Award?
Facts: Timothy M. Archer
Derivation: Find the named executive with the highest Stock Options Award
Answer: Timothy M. Archer

Question: Which named executive officer has the highest Target Award Opportunity?
Facts: Timothy M. Archer
Derivation: Find the named executive officer with the highest Target Award Opportunity
Answer: Timothy M. Archer

Question: What was the number of shares represented by the Marketbased PRSUs earned over the performance period based on?
Facts: our stock price performance compared to the market price performance of the SOX index
Answer: our stock price performance compared to the market price performance of the SOX index

Question: What was the Company's stock price performance over the three-year performance period?
Facts: 89.93%
Answer: 89.93%

Question: How much did Lam's stock price outperform the SOX index by?
Facts: 5.46%
Answer: 5.46%

Question: Which named executive officer has the highest target award opportunity?
Facts: Timothy M.Archer
Derivation: Find the named executive officer with the highest target award opportunity
Answer: Timothy M.Archer

Question: Which named executive officer has the highest Market-based PRSUs award?
Facts: Timothy M.Archer
Derivation: Find the named executive officer with the highest Market-based PRSUs award
Answer: Timothy M.Archer

Question: Which named executive officer has the highest Stock Options Award?
Facts: Timothy M.Archer
Derivation: Find the named executive officer with the highest Stock Options Award
Answer: Timothy M.Archer

Question: What is the employee stock purchase plan?
Facts: allows employees to purchase its Common Stock at a discount through payroll deductions
Answer: allows employees to purchase its Common Stock at a discount through payroll deductions

Question: How many shares were authorised for issuance under the 2015 Stock Incentive Plan?
Facts: up to 18,000,000 shares
Answer: up to 18,000,000 shares

Question: What is the total number of shares available for future issuance under the Stock Plans as of June 30, 2019?
Facts: 9,379,904 shares
Answer: 9,379,904 shares

Question: What is the percentage change in the Equity-based compensation expense from 2018 to 2019?
Facts: 172,216; 187,234
Derivation: (187,234-172,216)/172,216
Answer: 8.72 percent

Question: What is the percentage change in the Income tax benefit recognized related to equity-based compensation from 2018 to 2019?
Facts: 47,396; 87,505
Derivation: (47,396-87,505)/87,505
Answer: -45.84 percent

Question: What is the percentage change in the Income tax benefit realized from the exercise and vesting of options and RSUs from 2018 to 2019?
Facts: 49,242; 90,297
Derivation: (49,242-90,297)/90,297
Answer: -45.47 percent