Adaptec 2006 Annual Report Download - page 65
Download and view the complete annual report
Please find page 65 of the 2006 Adaptec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
Table of Contents
PMC-Sierra, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
December 31,
2006 2005
Restated
(Note 2)
ASSETS:
Current assets:
Cash and cash equivalents $ 258,914 $ 405,566
Short-term investments — 221,910
Accounts receivable, net of allowance for doubtful accounts of $1,768 (2005 - $1,768) 37,303 31,799
Inventories 34,505 14,046
Prepaid expenses and other current assets 17,164 13,630
Total current assets 347,886 686,951
Investments and other assets 15,050 16,390
Property and equipment, net 18,904 10,981
Goodwill 395,943 7,907
Intangible assets, net 223,629 5,575
Deposits for wafer fabrication capacity 5,145 5,145
$ 1,006,557 $ 732,949
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Accounts payable $ 19,074 $ 21,507
Accrued liabilities 51,199 40,619
Income taxes payable 59,428 32,050
Deferred income taxes 2,042 1,037
Accrued restructuring costs 12,657 15,233
Deferred income 11,340 11,004
Total current liabilities 155,740 121,450
2.25% Senior convertible notes due October 15, 2025 225,000 225,000
Deferred taxes and other tax liabilities 52,657 29,090
Commitments and contingencies (Note 11)
PMC special shares convertible into 2,099 (2005 - 2,459) shares of common stock 2,732 3,362
Stockholders’ equity
Common stock, par value $.001; 900,000 shares authorized;
210,650 shares issued and outstanding (2005 - 183,306) 230 184
Additional paid in capital 1,327,578 1,008,501
Accumulated other comprehensive (loss) income (1,127) 1,723
Accumulated deficit (756,253) (656,361)
Total stockholders’ equity 570,428 354,047
$ 1,006,557 $ 732,949
See notes to the consolidated financial statements.
63
Source: PMC SIERRA INC, 10-K, March 01, 2007 Powered by Morningstar® Document Research℠