CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 27, 2021

December 26, 2020

March 28, 2020

(in thousands)

ASSETS

Current assets:

Cash and cash equivalents

$          2,033,973

$                 1,796,961

$          1,638,667

Short-term investments

-

8,879

47,109

Total cash, cash equivalents and short-term investments

2,033,973

1,805,840

1,685,776

Accounts receivable, net

571,042

485,773

378,273

Inventories

242,343

261,476

220,686

Other current assets

27,440

36,004

25,288

Total current assets

2,874,798

2,589,093

2,310,023

Property, plant and equipment, net

543,848

541,013

564,636

Intangible assets, net

70,891

76,166

44,642

Goodwill

562,541

562,540

532,251

Other assets

120,149

114,058

97,383

TOTAL ASSETS

$          4,172,227

$                 3,882,870

$          3,548,935

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$             102,263

$                      96,959

$               83,519

Price adjustment and other revenue reserves

214,366

180,215

111,235

Income taxes payable

53,694

35,197

39,809

Accrued salary and related expenses

128,553

99,057

122,220

Accrued expenses

35,627

44,969

31,143

Total current liabilities

456,397

387,926

Long-term debt

995,100

994,741

993,663

Income taxes payable

351,738

362,214

434,415

Other liabilities

141,721

143,457

112,988

Total liabilities

2,023,062

1,956,809

1,928,992

Stockholders' equity:

Common stock

268

268

267

Additional paid-in capital

47,801

42,963

-

Retained earnings

2,117,161

1,897,098

1,632,325

Accumulated other comprehensive loss

(16,065)

(14,268)

(12,649)

Total stockholders' equity

2,149,165

1,926,061

1,619,943

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$          4,172,227

$                 3,882,870

$          3,548,935