CONSOLIDATED  BALANCE SHEETS

(Unaudited)

March 28,

December 27,

March 29,

2015

2014

2014

(in thousands) 

ASSETS

Current assets:

    Cash and cash equivalents

$        1,392,197

$        1,305,870

$        1,231,248

    Short-term investments

75,142

75,012

-

        Total cash, cash equivalents and short-term investments

1,467,339

1,380,882

1,231,248

    Accounts receivable, net 

278,427

258,506

304,128

    Inventories

297,270

306,564

290,518

    Deferred tax assets

71,354

59,794

74,038

    Other current assets

66,298

67,244

79,346

        Total current assets

2,180,688

2,072,990

1,979,278

Property, plant and equipment, net

1,155,589

1,195,323

1,355,268

Intangible assets, net

283,385

306,111

384,167

Goodwill

511,824

511,838

597,676

Other assets

36,231

38,265

38,176

       TOTAL ASSETS

$        4,167,717

$        4,124,527

$        4,354,565

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

    Accounts payable 

$             85,361

$             82,526

$             94,315

    Income taxes payable

20,102

20,102

20,720

    Accrued salary and related expenses

163,354

150,405

168,336

    Accrued expenses 

55,967

54,103

83,758

    Deferred revenue on shipments to distributors

30,550

27,103

24,259

        Total current liabilities

355,334

334,239

391,388

Long-term debt

1,000,000

1,000,000

1,000,871

Income taxes payable

385,838

363,251

352,294

Deferred tax liabilities

116,284

120,308

171,431

Other liabilities

56,412

64,988

37,977

        Total liabilities 

1,913,868

1,882,786

1,953,961

Stockholders' equity:

    Common stock and capital in excess of par value

12,359

283

283

    Retained earnings 

2,260,011

2,259,997

2,412,627

    Accumulated other comprehensive loss

(18,521)

(18,539)

(12,306)

        Total stockholders' equity

2,253,849

2,241,741

2,400,604

        TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 

$        4,167,717

$        4,124,527

$        4,354,565