Item 6. Selected Financial Data



	Year Ended
June 25, 2017			June 26, 2016			June 28, 2015			June 29, 2014			June 30, 2013
	(in thousands, except per share data)
OPERATIONS:
Revenue	$	8,013,620		$	5,885,893		$	5,259,312		$	4,607,309		$	3,598,916
Gross margin	3,603,359			2,618,922			2,284,336			2,007,481			1,403,059
Goodwill impairment (1)	—			—			79,444			—			—
Restructuring charges, net	—			—			—			—			1,813
Operating income	1,902,132			1,074,256			788,039			677,669			118,071
Net income	1,697,763			914,049			655,577			632,289			113,879
Net income per share:
Basic	$	10.47		$	5.75		$	4.11		$	3.84		$	0.67
Diluted	$	9.24		$	5.22		$	3.70		$	3.62		$	0.66
Cash dividends declared per common share	$	1.65		$	1.20		$	0.84		$	0.18		$	—
BALANCE SHEET:
Working capital	$	6,192,383		$	6,795,109		$	3,639,488		$	3,201,661		$	2,389,354
Total assets	12,122,765			12,264,315		(2)	9,358,904		(2)	7,986,998		(2)	7,241,645		(2)
Long-term obligations, less current portion	2,185,338			3,744,205		(2)	1,386,536		(2)	1,191,913		(2)	1,161,378		(2)
Current portion of long-term debt and capital leases	908,439			947,733		(2)	1,355,705		(2)	518,267			514,655


(1)	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.


(2)	Adjusted for effects of retrospective implementation of ASU 2015-3, see Notes 3 and 13 to the Consolidated Financial Statements contained in Part II, Item 8.

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Lam Research Corporation 2017 10-K 30



	Three Months Ended (1)
June 25, 2017			March 26, 2017			December 25, 2016			September 25, 2016
	unaudited (in thousands, except per share data)
QUARTERLY FISCAL YEAR 2017:
Revenue	$	2,344,907		$	2,153,995		$	1,882,299		$	1,632,419
Gross margin	1,068,961			971,404			846,797			716,197
Operating income	607,939			538,418			439,828			315,947
Net income	526,424			574,713			332,791			263,835
Net income per share
Basic	$	3.25		$	3.52		$	2.05		$	1.64
Diluted	$	2.82		$	3.10		$	1.81		$	1.47
Number of shares used in per share calculations:
Basic	162,213			163,408			162,659			160,607
Diluted	186,427			185,094			183,543			180,017



	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


(1)	Our reporting period is a 52/53-week fiscal year. The fiscal years ended June 25, 2017, and June 26, 2016, included 52 weeks. All quarters presented above included 13 weeks.