Peregrine Semiconductor Corporation

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

September 27,

December 28,

2014

2013

Assets

Current assets:

Cash and cash equivalents

$

18,041

$

16,249

Short-term marketable securities

30,508

28,035

Accounts receivable, net

14,370

16,905

Inventories

34,970

53,489

Prepaids and other current assets

3,346

4,085

Total current assets

101,235

118,763

Property and equipment, net

19,851

23,122

Long-term marketable securities

28,472

18,888

Other assets

2,931

102

Total assets

$

152,489

$

160,875

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

10,182

$

12,983

Accrued liabilities

11,203

11,829

Accrued compensation

3,994

4,542

Customer deposits

—

916

Deferred revenue

11,044

6,131

Total current liabilities

36,423

36,401

Other long-term liabilities

2,461

943

Stockholders' equity:

Common stock

34

33

Additional paid-in capital

357,972

348,684

Accumulated deficit

(244,091)

(224,986)

Accumulated other comprehensive loss

(310)

(200)

Total stockholders' equity

113,605

123,531

Total liabilities and stockholders' equity

$

152,489

$

160,875