CONSOLIDATED  BALANCE SHEETS

(Unaudited)

December 24, 

September 24, 

December 26, 

2016

2016

2015

(in thousands) 

ASSETS

Current assets:

Cash and cash equivalents

$ 1,687,435

$  2,092,073

$ 1,648,518

Short-term investments

399,461

175,441

124,955

Total cash, cash equivalents and short-term investments

2,086,896

2,267,514

1,773,473

Accounts receivable, net

224,342

253,518

231,180

Inventories

236,040

223,484

274,741

Other current assets

75,284

89,398

47,235

Total current assets

2,622,562

2,833,914

2,326,629

Property, plant and equipment, net

660,660

678,447

770,548

Intangible assets, net

117,393

131,496

202,877

Goodwill

491,015

491,015

490,648

Other assets

55,188

54,890

64,105

Assets held for sale

1,156

2,854

82,674

TOTAL ASSETS

$ 3,947,974

$  4,192,616

$ 3,937,481

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$      70,505

$       83,589

$      74,145

Income taxes payable

3,138

3,138

32,528

Accrued salary and related expenses

109,475

111,126

129,208

Accrued expenses

41,418

48,572

47,303

Deferred revenue on shipments to distributors

36,137

35,754

32,067

Current portion of debt

—

249,788

—

Total current liabilities

260,673

531,967

315,251

Long-term debt

991,281

990,685

1,000,000

Income taxes payable

514,498

497,360

419,881

Other liabilities

37,331

37,368

53,525

Total liabilities

1,803,783

2,057,380

1,788,657

Stockholders' equity:

Common stock and capital in excess of par value

284

284

63,014

Retained earnings

2,155,698

2,141,326

2,103,339

Accumulated other comprehensive loss

(11,791)

(6,374)

(17,529)

Total stockholders' equity

2,144,191

2,135,236

2,148,824

        TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 

$ 3,947,974

$  4,192,616

$ 3,937,481