CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 28,
2020

December 28,
2019

March 30,
2019

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$

1,638,667

$

1,720,194

$

1,654,563

Short-term investments

47,109

63,006

243,864

Total cash, cash equivalents and short-term investments

1,685,776

1,783,200

1,898,427

Accounts receivable, net

378,273

348,342

381,152

Inventories

220,686

223,958

272,832

Other current assets

25,288

23,797

24,358

Total current assets

2,310,023

2,379,297

2,576,769

Property, plant and equipment, net

564,636

571,359

571,955

Intangible assets, net

44,642

48,509

61,036

Goodwill

532,251

532,251

532,251

Other assets

97,383

95,413

61,843

TOTAL ASSETS

$

3,548,935

$

3,626,829

$

3,803,854

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

83,519

$

89,449

$

86,798

Price adjustment and other revenue reserves

111,235

105,237

106,011

Income taxes payable

39,809

38,307

44,179

Accrued salary and related expenses

122,220

94,739

128,365

Accrued expenses

31,143

32,739

33,644

Total current liabilities

387,926

360,471

398,997

Long-term debt

993,663

993,303

992,225

Income taxes payable

434,415

433,743

688,780

Other liabilities

112,988

112,803

61,105

Total liabilities

1,928,992

1,900,320

2,141,107

Stockholders' equity:

Common stock and capital in excess of par value

267

270

279

Retained earnings

1,632,325

1,737,528

1,672,938

Accumulated other comprehensive loss

(12,649)

(11,289)

(10,470)

Total stockholders' equity

1,619,943

1,726,509

1,662,747

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$

3,548,935

$

3,626,829

$

3,803,854