ALTERA CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except par value amount)

December 31,

2012

December 31,

2011

Assets

Current assets:

Cash and cash equivalents

$

2,876,627

$

3,371,933

Short-term investments

140,958

65,222

Total cash, cash equivalents, and short-term investments

3,017,585

3,437,155

Accounts receivable, net

323,708

232,273

Inventories

152,721

122,279

Deferred income taxes - current

59,049

58,415

Deferred compensation plan - marketable securities

60,321

54,041

Deferred compensation plan - restricted cash equivalents

17,116

17,938

Other current assets

49,852

52,710

Total current assets

3,680,352

3,974,811

Property and equipment, net

206,148

171,721

Long-term investments

704,758

74,033

Deferred income taxes - non-current

17,082

26,629

Other assets, net

49,488

35,074

Total assets

$

4,657,828

$

4,282,268

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

50,036

$

52,154

Accrued liabilities

29,005

34,029

Accrued compensation and related liabilities

40,606

78,181

Deferred compensation plan obligations

77,437

71,979

Deferred income and allowances on sales to distributors

345,993

279,876

Credit facility

—

500,000

Total current liabilities

543,077

1,016,219

Income taxes payable - non-current

272,000

263,423

Long-term debt

500,000

—

Other non-current liabilities

9,304

8,730

Total liabilities

1,324,381

1,288,372

Commitments and contingencies

Stockholders' equity:

Common stock: $.001 par value; 1,000,000 shares authorized; outstanding - 319,564 at December 31, 2012 and 322,054 shares at December 31, 2011

320

322

Capital in excess of par value

1,122,555

1,050,752

Accumulated other comprehensive income (loss)

5,592

(133)

Retained earnings

2,204,980

1,942,955

Total stockholders' equity

3,333,447

2,993,896

Total liabilities and stockholders' equity

$

4,657,828

$

4,282,268