Item 6. Selected Financial Data



	Year Ended(1)
June 26, 2016			June 28, 2015			June 29, 2014			June 30, 2013			June 24, 2012
	(in thousands, except per share data)
OPERATIONS:
Revenue	$	5,885,893		$	5,259,312		$	4,607,309		$	3,598,916		$	2,665,192
Gross margin	2,618,922			2,284,336			2,007,481			1,403,059			1,084,069
Goodwill impairment (2)	—			79,444			—			—			—
Restructuring charges, net	—			—			—			1,813			1,725
Operating income	1,074,256			788,039			677,669			118,071			237,733
Net income	914,049			655,577			632,289			113,879			168,723
Net income per share:
Basic	$	5.75		$	4.11		$	3.84		$	0.67		$	1.36
Diluted	$	5.22		$	3.70		$	3.62		$	0.66		$	1.35
Cash dividends declared per common share	$	1.20		$	0.84		$	0.18		$	—		$	—
BALANCE SHEET:
Working capital	$	6,795,109		$	3,639,488		$	3,201,661		$	2,389,354		$	2,988,181
Total assets	12,271,528			9,364,648			7,993,306			7,250,315			8,004,652
Long-term obligations, less current portion	3,749,657			1,388,335			1,198,221			1,170,048			1,255,600
Current portion of long-term debt and capital leases	949,494			1,359,650			518,267			514,655			511,139


(1)	Fiscal years 2016, 2015, 2014, and 2013 amounts include operating results of Novellus. Fiscal year 2012 amounts include 20 days of operating results of Novellus from the acquisition date of June 4, 2012. The Novellus acquisition was accounted for as a business combination in accordance with the applicable accounting guidance.


(2)	Goodwill impairment analysis during fiscal year 2015 resulted in a non-cash impairment charge to our single-wafer clean reporting unit, extinguishing the goodwill ascribed to the reporting unit.



	Three Months Ended (1)
June 26, 2016			March 27, 2016			December 27, 2015			September 27, 2015
	unaudited (in thousands, except per share data)
QUARTERLY FISCAL YEAR 2016:
Revenue	$	1,546,261		$	1,314,055		$	1,425,534		$	1,600,043
Gross margin	698,784			571,265			626,510			722,363
Operating income	309,241			190,753			238,834			335,428
Net income	258,939			143,451			222,980			288,679
Net income per share
Basic	$	1.62		$	0.90		$	1.41		$	1.82
Diluted	$	1.46		$	0.82		$	1.28		$	1.66
Number of shares used in per share calculations:
Basic	159,862			159,039			158,424			158,352
Diluted	177,649			174,373			174,242			174,374

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Lam Research Corporation 2016 10-K 31



	Three Months Ended (1)
June 28, 2015			March 29, 2015			December 28, 2014			September 28, 2014
	unaudited (in thousands, except per share data)
QUARTERLY FISCAL YEAR 2015:
Revenue	$	1,481,370		$	1,393,333		$	1,232,241		$	1,152,368
Gross margin	641,538			600,602			536,657			505,539
Goodwill impairment	79,444			—			—			—
Operating income	191,035			239,965			188,741			168,298
Net income	131,271			206,285			176,940			141,081
Net income per share
Basic	$	0.83		$	1.30		$	1.11		$	0.87
Diluted	$	0.74		$	1.16		$	1.00		$	0.80
Number of shares used in per share calculations:
Basic	158,590			158,992			159,248			161,685
Diluted	176,575			177,531			177,046			177,118


(1)	Our reporting period is a 52/53-week fiscal year. The fiscal years ended June 26, 2016 and June 28, 2015 included 52 weeks. All quarters presented above included 13 weeks.