CONSOLIDATED  BALANCE SHEETS

(Unaudited)

March 31,

December 31,

March 26,

2012

2011

2011

(in thousands) 

ASSETS

Current assets:

    Cash and cash equivalents

$           860,551

$           741,160

$           868,923

    Short-term investments

75,405

75,375

49,924

        Total cash, cash equivalents and short-term investments

935,956

816,535

918,847

    Accounts receivable, net

296,255

246,229

304,591

    Inventories

220,153

233,404

234,933

    Deferred tax assets

105,298

87,636

128,371

    Other current assets

79,584

81,396

89,851

        Total current assets

1,637,246

1,465,200

1,676,593

Property, plant and equipment, net

1,361,300

1,365,815

1,286,061

Intangible assets, net

222,354

237,776

216,439

Goodwill

423,073

432,809

247,526

Other assets

26,264

19,055

25,798

              TOTAL ASSETS

$        3,670,237

$        3,520,655

$        3,452,417

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

    Accounts payable 

$           132,906

$           118,427

$           107,444

    Income taxes payable

21,807

7,866

5,363

    Accrued salary and related expenses

181,943

159,651

201,791

    Accrued expenses 

72,242

62,579

40,984

    Deferred income on shipments to distributors

28,729

31,136

35,571

        Total current liabilities

437,627

379,659

391,153

Long term debt

308,700

308,700

300,000

Income taxes payable

192,842

108,462

92,110

Deferred tax liabilities

205,727

197,839

180,442

Other liabilities

22,143

21,529

23,672

        Total liabilities 

1,167,039

1,016,189

987,377

Stockholders' equity:

    Common stock

9,125

292

5,865

    Retained earnings 

2,507,298

2,517,166

2,473,271

    Accumulated other comprehensive loss

(13,225)

(12,992)

(14,096)

        Total stockholders' equity

2,503,198

2,504,466

2,465,040

              TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 

$        3,670,237

$        3,520,655

$        3,452,417