CONSOLIDATED  BALANCE SHEETS

(Unaudited)

March 25, 

December 24, 

March 26, 

2017

2016

2016

(in thousands) 

ASSETS

Current assets:

Cash and cash equivalents

$    1,656,727

$      1,687,435

$    1,710,340

Short-term investments

499,154

399,461

150,076

Total cash, cash equivalents and short-term investments

2,155,881

2,086,896

1,860,416

Accounts receivable, net

257,592

224,342

278,502

Inventories

241,439

236,040

234,603

Other current assets

60,195

75,284

88,389

Total current assets

2,715,107

2,622,562

2,461,910

Property, plant and equipment, net

636,835

660,660

748,781

Intangible assets, net

103,981

117,393

188,510

Goodwill

491,015

491,015

490,648

Other assets

69,689

55,188

77,886

Assets held for sale

1,156

1,156

13,733

TOTAL ASSETS

$    4,017,783

$      3,947,974

$    3,981,468

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$         82,938

$           70,505

$         82,696

Income taxes payable

4,538

3,138

30,907

Accrued salary and related expenses

135,702

109,475

151,411

Accrued expenses

35,208

41,418

42,562

Deferred revenue on shipments to distributors

35,724

36,137

34,457

Total current liabilities

294,110

260,673

342,033

Long-term debt

991,877

991,281

1,000,000

Income taxes payable

534,028

514,498

451,099

Other liabilities

37,459

37,331

49,573

Total liabilities

1,857,474

1,803,783

1,842,705

Stockholders' equity:

Common stock and capital in excess of par value

284

284

280

Retained earnings

2,169,760

2,155,698

2,154,767

Accumulated other comprehensive loss

(9,735)

(11,791)

(16,284)

Total stockholders' equity

2,160,309

2,144,191

2,138,763

        TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 

$    4,017,783

$      3,947,974

$    3,981,468