CONSOLIDATED BALANCE SHEETS

(Unaudited)

September 28, 2019

June 29, 2019

September 29, 2018

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$                 1,695,191

$      1,757,342

$                 1,598,772

Short-term investments

98,176

140,990

964,643

Total cash, cash equivalents and short-term investments

1,793,367

1,898,332

2,563,415

Accounts receivable, net

370,316

360,016

439,407

Inventories

235,959

246,512

275,374

Other current assets

24,982

34,640

33,329

Total current assets

2,424,624

2,539,500

3,311,525

Property, plant and equipment, net

574,097

577,722

573,014

Intangible assets, net

52,376

56,242

74,785

Goodwill

532,251

532,251

532,251

Other assets

97,439

38,267

56,977

TOTAL ASSETS

$                 3,680,787

$      3,743,982

$                 4,548,552

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$                      81,794

$           84,335

$                      84,087

Price adjustment and other revenue reserves

90,206

100,490

135,187

Income taxes payable

31,704

33,765

60,877

Accrued salary and related expenses

96,168

118,704

106,273

Accrued expenses

42,644

33,873

42,091

Current portion of debt

-

-

499,762

Total current liabilities

342,516

371,167

928,277

Long-term debt

992,944

992,584

991,506

Income taxes payable

446,138

469,418

652,163

Other liabilities

117,903

65,537

64,283

Total liabilities

1,899,501

1,898,706

2,636,229

Stockholders' equity:

Common stock and capital in excess of par value

271

272

279

Retained earnings

1,793,012

1,856,358

1,924,764

Accumulated other comprehensive loss

(11,997)

(11,354)

(12,720)

Total stockholders' equity

1,781,286

1,845,276

1,912,323

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$                 3,680,787

$      3,743,982

$                 4,548,552