SanDisk 2007 Annual Report Download - page 148

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Condensed Consolidating Balance Sheets
As of December 30, 2007
Parent
Company
(1)
Subsidiary
Issuer
(1)
Other
Guarantor
Subsidiary
(1)
Combined
Non-
Guarantor
Subsidiaries
(2),
Consolidating
Adjustments
Total
Company
(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents . . . $ 389,337 $ 215 $ 90,639 $ 353,558 $ — $ 833,749
Short-term investments . . . . . 1,001,641 — — — — 1,001,641
Accounts receivable, net . . . . 215,049 — 32,497 223,624 (8,187) 462,983
Inventory ............... 104,626 — 30,238 423,850 (3,637) 555,077
Other current assets ....... 759,872 — 221,932 823,387 (1,358,984) 446,207
Total current assets ........ 2,470,525 215 375,306 1,824,419 (1,370,808) 3,299,657
Property and equipment, net . . . 222,038 — 34,975 165,882 — 422,895
Other non-current assets ...... 2,684,232 71,998 925,424 1,350,985 (1,520,372) 3,512,267
Total assets ............... $5,376,795 $ 72,213 $1,335,705 $3,341,286 $(2,891,180) $7,234,819
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable ......... $ 48,386 $ — $ 34,462 $ 362,138 $ (832) $ 444,154
Other current accrued
liabilities.............. 587,129 601 66,353 1,253,114 (1,437,468) 469,729
Total current liabilities . . . . . 635,515 601 100,815 1,615,252 (1,438,300) 913,883
Convertible long-term debt . . . . 1,150,000 75,000 — — — 1,225,000
Non-current liabilities ........ 67,895 — 11,428 60,839 (4,910) 135,252
Total liabilities ............. 1,853,410 75,601 112,243 1,676,091 (1,443,210) 2,274,135
Minority interest............ — — 1,067 — — 1,067
Total stockholders’ equity . . . . . 3,523,385 (3,388) 1,222,395 1,665,195 (1,447,970) 4,959,617
Total liabilities and
stockholders’ equity ....... $5,376,795 $ 72,213 $1,335,705 $3,341,286 $(2,891,180) $7,234,819
(1)
This represents legal entity results which exclude any subsidiaries required to be consolidated under GAAP.
(2)
This represents all other legal subsidiaries.
F-52
Notes to Consolidated Financial Statements — (Continued)