SanDisk 2010 Annual Report Download - page 190

SANDISK CORPORATION
CONSOLIDATED BALANCE SHEETS
January 2,
2011
January 3,
2010
(In thousands, except for share
and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 829,149 $ 1,100,364
Short-term marketable securities ..................................... 2,018,565 819,002
Accounts receivable from product revenues, net ......................... 367,784 234,407
Inventory ........................................................ 509,585 596,493
Deferred taxes .................................................... 104,582 66,869
Other current assets ............................................... 203,027 97,639
Total current assets ............................................ 4,032,692 2,914,774
Long-term marketable securities ......................................... 2,494,972 1,097,095
Property and equipment, net ............................................. 266,721 300,997
Notes receivable and investments in flash ventures with Toshiba ................ 1,733,491 1,507,550
Deferred taxes ........................................................ 149,486 21,210
Intangible assets, net ................................................... 37,404 58,076
Other non-current assets ................................................ 61,944 102,017
Total assets .................................................. $8,776,710 $ 6,001,719
LIABILITIES
Current liabilities:
Accounts payable trade ............................................. $ 173,259 $ 134,427
Accounts payable to related parties ................................... 241,744 182,091
Convertible short-term debt ......................................... — 75,000
Other current accrued liabilities ...................................... 284,709 234,079
Deferred income on shipments to distributors and retailers and deferred
revenue ....................................................... 260,395 245,513
Total current liabilities ......................................... 960,107 871,110
Convertible long-term debt .............................................. 1,711,032 934,722
Non-current liabilities .................................................. 326,176 287,478
Total liabilities ............................................... 2,997,315 2,093,310
Commitments and contingencies (see Note 12)
EQUITY
Stockholders’ equity:
Preferred stock, $0.001 par value, Authorized shares: 4,000,000, Issued and
outstanding: none ............................................... — —
Common stock, $0.001 par value; Authorized shares: 800,000,000; Issued and
outstanding: 236,501,736 in fiscal year 2010 and 228,656,504 in fiscal year
2009 ......................................................... 237 229
Capital in excess of par value ........................................ 4,709,506 4,268,845
Retained earnings (accumulated deficit) ............................... 812,653 (487,489)
Accumulated other comprehensive income ............................. 260,228 128,713
Total stockholders’ equity ...................................... 5,782,624 3,910,298
Non-controlling interests ............................................... (3,229) (1,889)
Total equity .................................................. 5,779,395 3,908,409
Total liabilities and equity ...................................... $8,776,710 $ 6,001,719
The accompanying notes are an integral part of these consolidated financial statements.
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