CONSOLIDATED BALANCE SHEETS

(Unaudited)

September 26, 2020

June 27, 2020

September 28, 2019

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$                      1,595,089

$                  1,578,670

$                    1,695,191

Short-term investments

17,022

35,536

98,176

Total cash, cash equivalents and short-term investments

1,612,111

1,614,206

1,793,367

Accounts receivable, net

449,376

404,778

370,316

Inventories

265,664

259,626

235,959

Other current assets

29,816

39,219

24,982

Total current assets

2,356,967

2,317,829

2,424,624

Property, plant and equipment, net

542,421

550,406

574,097

Intangible assets, net

82,679

87,959

52,376

Goodwill

562,540

562,540

532,251

Other assets

108,920

110,569

97,439

TOTAL ASSETS

$                      3,653,527

$                  3,629,303

$                    3,680,787

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$                           86,831

$                       91,982

$                         81,794

Price adjustment and other revenue reserves

144,255

148,916

90,206

Income taxes payable

53,655

43,457

31,704

Accrued salary and related expenses

115,460

126,751

96,168

Accrued expenses

46,119

42,228

42,644

Total current liabilities

446,320

453,334

342,516

Long-term debt

994,381

994,022

992,944

Income taxes payable

360,164

385,072

446,138

Other liabilities

141,643

139,418

117,903

Total liabilities

1,942,508

1,971,846

1,899,501

Stockholders' equity:

Common stock and capital in excess of par value

12,461

266

271

Retained earnings

1,713,153

1,671,786

1,793,012

Accumulated other comprehensive loss

(14,595)

(14,595)

(11,997)

Total stockholders' equity

1,711,019

1,657,457

1,781,286

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$                      3,653,527

$                  3,629,303

$                    3,680,787