CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 30,
2019

December 29,
2018

March 31,
2018

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$

1,654,563

$

1,406,740

$

1,629,593

Short-term investments

243,864

553,901

1,094,801

Total cash, cash equivalents and short-term investments

1,898,427

1,960,641

2,724,394

Accounts receivable, net

381,152

391,419

320,553

Inventories

272,832

278,925

273,616

Other current assets

24,358

26,933

22,275

Total current assets

2,576,769

2,657,918

3,340,838

Property, plant and equipment, net

571,955

571,983

589,177

Intangible assets, net

61,036

67,161

90,848

Goodwill

532,251

532,251

532,904

Other assets

61,843

59,614

69,428

TOTAL ASSETS

$

3,803,854

$

3,888,927

$

4,623,195

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

86,798

$

99,577

$

84,407

Price adjustment and other revenue reserves

106,011

130,601

24,339

Income taxes payable

44,179

39,507

147,771

Accrued salary and related expenses

128,365

102,427

48,384

Accrued expenses

33,644

34,368

—

Current portion of debt

—

—

499,050

Total current liabilities

398,997

406,480

803,951

Long-term debt

992,225

991,866

990,787

Income taxes payable

688,780

673,051

817,969

Other liabilities

61,105

62,116

59,497

Total liabilities

2,141,107

2,133,513

2,672,204

Stockholders' equity:

Common stock and capital in excess of par value

279

279

283

Retained earnings

1,672,938

1,766,471

1,963,912

Accumulated other comprehensive loss

(10,470)

(11,336)

(13,204)

Total stockholders' equity

1,662,747

1,755,414

1,950,991

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$

3,803,854

$

3,888,927

$

4,623,195