CONSOLIDATED  BALANCE SHEETS

(Unaudited)

September 24, 

June 25, 

September 26, 

2016

2016

2015

(in thousands) 

ASSETS

Current assets:

Cash and cash equivalents

$        2,092,073

$        2,105,229

$        1,508,347

Short-term investments

175,441

125,439

100,285

Total cash, cash equivalents and short-term investments

2,267,514

2,230,668

1,608,632

Accounts receivable, net

253,518

256,531

282,471

Inventories

223,484

227,929

290,712

Deferred tax assets

-

-

50,604

Other current assets

89,398

91,920

46,627

Total current assets

2,833,914

2,807,048

2,279,046

Property, plant and equipment, net

678,447

692,551

805,580

Intangible assets, net

131,496

146,540

241,423

Goodwill

491,015

490,648

511,647

Other assets

54,890

84,100

36,226

Assets held for sale

2,854

13,729

70,964

TOTAL ASSETS

$        4,192,616

$        4,234,616

$        3,944,886

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$             83,589

$             82,535

$             80,752

Income taxes payable

3,138

21,153

59,479

Accrued salary and related expenses

111,126

166,698

120,642

Accrued expenses

48,572

50,521

49,990

Deferred revenue on shipments to distributors

35,754

38,779

35,091

Short term debt

249,788

249,717

-

Total current liabilities

531,967

609,403

345,954

Long-term debt

990,685

990,090

1,000,000

Income taxes payable

497,360

480,645

419,805

Other liabilities

37,368

46,664

64,326

Total liabilities

2,057,380

2,126,802

1,830,085

Stockholders' equity:

Common stock and capital in excess of par value

284

284

10,819

Retained earnings

2,141,326

2,121,749

2,121,582

Accumulated other comprehensive loss

(6,374)

(14,219)

(17,600)

Total stockholders' equity

2,135,236

2,107,814

2,114,801

        TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 

$        4,192,616

$        4,234,616

$        3,944,886