CONSOLIDATED  BALANCE SHEETS

(Unaudited)

September 29,

June 30, 

September 23,

2018

2018

2017

(in thousands) 

ASSETS

Current assets:

Cash and cash equivalents

$         1,598,772

$ 1,543,484

$         1,577,160

Short-term investments

964,643

1,082,915

1,196,827

Total cash, cash equivalents and short-term investments

2,563,415

2,626,399

2,773,987

Accounts receivable, net

439,407

280,072

233,215

Inventories

275,374

282,390

245,347

Other current assets

33,329

21,548

55,033

Total current assets

3,311,525

3,210,409

3,307,582

Property, plant and equipment, net

573,014

579,364

595,622

Intangible assets, net

74,785

78,246

79,850

Goodwill

532,251

532,251

491,015

Other assets

56,977

51,291

61,937

     TOTAL ASSETS

$         4,548,552

$ 4,451,561

$         4,536,006

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$              84,087

$      92,572

$              66,915

Price adjustment and other revenue reserves

135,187

—

—

Income taxes payable

60,877

17,961

3,688

Accrued salary and related expenses

106,273

151,682

103,194

Accrued expenses

42,091

35,774

43,121

Deferred margin on shipments to distributors

—

—

16,994

Current portion of long-term debt

499,762

499,406

—

Total current liabilities

928,277

797,395

233,912

Long-term debt

991,506

991,147

1,488,406

Income taxes payable

652,163

661,336

573,831

Other liabilities

64,283

70,743

42,113

Total liabilities

2,636,229

2,520,621

2,338,262

Stockholders' equity:

Common stock and capital in excess of par value

279

279

283

Retained earnings

1,924,764

1,945,646

2,207,052

Accumulated other comprehensive loss

(12,720)

(14,985)

(9,591)

Total stockholders' equity

1,912,323

1,930,940

2,197,744

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$         4,548,552

$ 4,451,561

$         4,536,006