SanDisk 2006 Annual Report Download - page 148

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Condensed Consolidating Balance Sheets
As of December 31, 2006
Parent
Company
Subsidiary
Issuer
Other
Guarantor
Subsidiary
Combined
Non-
Guarantor
Subsidiaries
Consolidating
Adjustments
Total
Company
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents . . $1,165,473 $ 48 $ 71,839 $ 340,291 $ 3,049 $1,580,700
Short-term investments ..... 1,192,084 — 26,294 2,681 7,714 1,228,773
Accounts receivable, net .... 256,801 — 55,864 313,407 (14,332) 611,740
Inventory ............... 106,772 — 71,839 318,154 (781) 495,984
Deferred taxes ........... 152,791 — — 23,217 (1) 176,007
Other current assets . . ..... 344,722 69,992 74,434 229,912 (570,403) 148,657
Total current assets ......... 3,218,643 70,040 300,270 1,227,662 (574,754) 4,241,861
Property and equipment, net . . . 182,750 — 34,870 100,345 — 317,965
Goodwill ................. — — 759,729 150,470 55 910,254
Intangibles, net ............ — — 312,682 76,396 — 389,078
Other non-current assets . ..... 1,735,998 2,882 111,754 368,467 (1,110,476) 1,108,625
Total assets ............... $5,137,391 $72,922 $1,519,305 $1,923,340 $(1,685,175) $6,967,783
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable ......... $ 43,910 $ — $ 46,349 $ 312,219 $ (981) $ 401,497
Other current accrued
liabilities ............. 515,042 226 59,287 512,525 (592,130) 494,950
Total current liabilities ..... 558,952 226 105,636 824,744 (593,111) 896,447
Convertible long-term debt .... 1,150,000 71,471 — 4,614 (1,085) 1,225,000
Non-current liabilities and
deferred revenue.......... 18,029 — 32,229 35,746 (7,802) 78,202
Total liabilities ............. 1,726,981 71,697 137,865 865,104 (601,998) 2,199,649
Stockholders’ Equity:
Common stock............. 2,387,819 — 1,085,277 675,218 (491,193) 3,657,121
Retained earnings .......... 1,018,566 1,225 290,390 373,881 (578,542) 1,105,520
Accumulated other
comprehensive income ..... 4,025 — 5,773 9,137 (13,442) 5,493
Total stockholders’ equity . . . . . 3,410,410 1,225 1,381,440 1,058,236 (1,083,177) 4,768,134
Total liabilities and
stockholders’ equity ....... $5,137,391 $72,922 $1,519,305 $1,923,340 $(1,685,175) $6,967,783
Annual Report
F-49
Notes to Consolidated Financial Statements — (Continued)