CONSOLIDATED  BALANCE SHEETS

(Unaudited)

June 27, 2020

March 28, 2020

June 29, 2019

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$        1,578,670

$        1,638,667

$        1,757,342

Short-term investments

35,536

47,109

140,990

Total cash, cash equivalents and short-term investments

1,614,206

1,685,776

1,898,332

Accounts receivable, net

404,778

378,273

360,016

Inventories

259,626

220,686

246,512

Other current assets

39,219

25,288

34,640

Total current assets

2,317,829

2,310,023

2,539,500

Property, plant and equipment, net

550,406

564,636

577,722

Intangible assets, net

87,959

44,642

56,242

Goodwill

562,540

532,251

532,251

Other assets

110,569

97,383

38,267

TOTAL ASSETS

$        3,629,303

$        3,548,935

$        3,743,982

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$             91,982

$             83,519

$              84,335

Price adjustment and other revenue reserves

148,916

111,235

100,490

Income taxes payable

43,457

39,809

33,765

Accrued salary and related expenses

126,751

122,220

118,704

Accrued expenses

42,228

31,143

33,873

Total current liabilities

453,334

387,926

371,167

Long-term debt

994,022

993,663

992,584

Income taxes payable

385,072

434,415

469,418

Other liabilities

139,418

112,988

65,537

Total liabilities

1,971,846

1,928,992

1,898,706

Stockholders' equity:

Common stock and capital in excess of par value

266

267

272

Retained earnings

1,671,786

1,632,325

1,856,358

Accumulated other comprehensive loss

(14,595)

(12,649)

(11,354)

Total stockholders' equity

1,657,457

1,619,943

1,845,276

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$        3,629,303

$        3,548,935

$        3,743,982