ALTERA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
September 28 June 29 December 29
2007 2007 2006
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Assets
Current assets:
Cash and short-term investments $ 1,109,027 $1,169,813 $1,363,747
Accounts receivable, net 181,070 188,486 93,263
Inventories 84,983 73,532 78,477
Deferred compensation plan
assets 73,794 70,951 69,378
Deferred income taxes and other
current assets 149,822 142,930 146,187
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Total current assets 1,598,696 1,645,712 1,751,052
Long-term investments 102,914 134,921 256,563
Property and equipment, net 176,949 182,319 178,363
Deferred income taxes and other
assets, net 66,287 65,034 47,282
------------ ----------- -----------
$ 1,944,846 $2,027,986 $2,233,260
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Liabilities and Stockholders'
Equity
Current liabilities:
Accounts payable and current
liabilities $ 145,618 $ 97,762 $ 243,727
Deferred compensation plan
obligations 73,794 70,951 69,378
Deferred income and allowances
on sales to distributors 269,513 273,799 298,078
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Total current liabilities 488,925 442,512 611,183
Income taxes payable non-current 149,512 142,430 -
Other non-current liabilities 13,790 14,433 13,916
Stockholders' equity 1,292,619 1,428,611 1,608,161
------------ ----------- -----------
$ 1,944,846 $2,027,986 $2,233,260
============ =========== ===========
Key Ratios & Information
Current Assets/Current
Liabilities 3:1 4:1 3:1
Liabilities/Equity 1:2 1:2 1:3
Annualized YTD Return on Equity 20% 20% 23%
Quarterly Depreciation Expense $ 8,093 $ 7,468 $ 7,133
Quarterly Capital Expenditures $ 2,723 $ 5,013 $ 10,692
Annualized Net Sales per Employee $ 468 $ 469 $ 506
Number of Employees 2,717 2,696 2,654
Inventory MSOH (a): Altera 2.2 2.0 2.2
Inventory MSOH (a): Distribution 1.1 1.2 1.3
Days Sales Outstanding 52 54 27
(a) MSOH: Months Supply On Hand
ALTERA CORPORATION
REVENUE SUMMARY
(Unaudited)
Q-Q Y-Y
Q3'07 Q2'07 Q3'06 Growth Growth
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Geography
------------------------------
North America 22% 21% 23% 1% -13%
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Asia Pacific 34% 33% 28% 0% 13%
Europe 24% 25% 27% -2% -16%
Japan 20% 21% 22% -5% -17%
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International 78% 79% 77% -2% -6%
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Total 100% 100% 100% -1% -7%
========= ======== ======
Product Category
------------------------------
New 35% 30% 21% 13% 52%
Mainstream 29% 32% 36% -9% -24%
Mature & Other 36% 38% 43% -6% -23%
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Total 100% 100% 100% -1% -7%
========= ======== ======
Market Segment
------------------------------
Communications 40% 40% 41% -1% -10%
Industrial 33% 35% 33% -8% -7%
Consumer 18% 16% 15% 14% 14%
Computer & Storage 9% 9% 11% -3% -24%
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Total 100% 100% 100% -1% -7%
========= ======== ======
FPGAs and CPLDs
------------------------------
FPGA 70% 70% 71% -1% -9%
CPLD 19% 19% 19% 1% -4%
Other 11% 11% 10% -4% -3%
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Total 100% 100% 100% -1% -7%
========= ======== ======
Product Category Description
------------------------------
Category Products
New Stratix II, Stratix III, Stratix II GX,
Arria GX, Cyclone II, Cyclone III, MAX
II, HardCopy and HardCopy II
Mainstream Stratix, Stratix GX, Cyclone, and MAX
3000A
Mature & Other Classic, MAX 7000, MAX 7000A, MAX
7000B, MAX 7000S, MAX 9000, FLEX 6000,
FLEX 8000, FLEX 10K, FLEX 10KA, FLEX
10KE, APEX 20K, APEX 20KE, APEX 20KC,
APEX II, ACEX 1K, Mercury, Excalibur,
configuration and other devices,
intellectual property cores, and
software and other tools
