ALTERA CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except par value amount)

December 31, 2014

December 31, 2013

Assets

Current assets:

Cash and cash equivalents

$

2,426,367

$

2,869,158

Short-term investments

151,519

141,487

Total cash, cash equivalents, and short-term investments

2,577,886

3,010,645

Accounts receivable, net

377,964

483,032

Inventories

153,387

163,880

Deferred income taxes - current

56,048

63,228

Deferred compensation plan - marketable securities

69,367

66,455

Deferred compensation plan - restricted cash equivalents

14,412

16,699

Other current assets

39,479

48,901

Total current assets

3,288,543

3,852,840

Property and equipment, net

194,840

204,142

Long-term investments

1,942,343

1,695,066

Deferred income taxes - non-current

20,077

10,806

Goodwill

74,341

73,968

Acquisition-related intangible assets, net

72,291

82,150

Other assets, net

81,791

76,676

Total assets

$

5,674,226

$

5,995,648

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

49,140

$

44,163

Accrued liabilities

28,384

41,218

Accrued compensation and related liabilities

69,837

51,105

Deferred compensation plan obligations

83,779

83,154

Deferred income and allowances on sales to distributors

344,168

487,746

Total current liabilities

575,308

707,386

Income taxes payable - non-current

313,447

276,326

Long-term debt

1,492,759

1,491,466

Other non-current liabilities

6,886

8,403

Total liabilities

2,388,400

2,483,581

Stockholders' equity:

Common stock: $.001 par value; 1,000,000 shares authorized; outstanding - 302,430 at December 31, 2014 and 317,769 shares at December 31, 2013

302

318

Capital in excess of par value

1,165,259

1,216,826

Retained earnings

2,110,620

2,322,885

Accumulated other comprehensive income/(loss)

9,645

(27,962)

Total stockholders' equity

3,285,826

3,512,067

Total liabilities and stockholders' equity

$

5,674,226

$

5,995,648