SanDisk 2007 Annual Report Download - page 149

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Condensed Consolidating Balance Sheets
As of December 31, 2006
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 . . . $1,165,473 $ 48 $ 71,839 $ 340,291 $ 3,049 $1,580,700
Short-term investments ..... 1,192,084 — 26,294 2,681 30,434 1,251,493
Accounts receivable, net .... 256,801 — 55,864 313,407 (14,332) 611,740
Inventory................ 106,772 — 71,839 318,154 (781) 495,984
Other current assets ........ 497,513 — 74,434 253,129 (523,132) 301,944
Total current assets ........ 3,218,643 48 300,270 1,227,662 (504,762) 4,241,861
Property and equipment, net . . . 182,750 — 34,870 100,345 — 317,965
Other non-current assets ...... 1,735,998 71,789 1,184,165 595,333 (1,179,328) 2,407,957
Total assets ................ $5,137,391 $ 71,837 $1,519,305 $1,923,340 $(1,684,090) $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 75,000 — — — 1,225,000
Non-current liabilities ........ 18,029 — 32,229 29,770 (7,802) 72,226
Total liabilities ............. 1,726,981 75,226 137,865 854,514 (600,913) 2,193,673
Minority interest ............ — — 5,976 — — 5,976
Total stockholders’ equity . . . . . 3,410,410 (3,389) 1,375,464 1,068,826 (1,083,177) 4,768,134
Total liabilities and
stockholders’ equity ........ $5,137,391 $ 71,837 $1,519,305 $1,923,340 $(1,684,090) $6,967,783
(1)
This represents legal entity results which exclude any subsidiaries required to be consolidated under GAAP.
(2)
This represents all other legal subsidiaries.
F-53
Notes to Consolidated Financial Statements — (Continued)