Adaptec 2001 Annual Report Download - page 53

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53
PM C-Sierra, Inc.
CONSOLIDA TED BALA NCE SHEETS
(in thousands, except par value)
2001 2000
ASSETS:
Current assets:
Cash and cash equivalents 152,120$ 256,198$
Short-term investments 258,609 118,918
Accounts receivable, net of allowance for doubtful
accounts of $2,625 ($1,934 in 2000) 16,004 93,852
Inventories, net 34,246 54,913
Deferred tax assets 14,812 13,947
Prepaid expenses and other current assets 18,435 26,910
Short-term deposits for wafer fabrication capacit
y
- 6,265
Total current assets 494,226 571,003
Investment in bonds and notes 171,025 -
Other investments and assets 68,863 84,667
Deposits for wafer fabrication capacit
y
21,992 16,736
Propert
y
and equipment, net 89,715 127,534
Goodwill and other intan
g
ible assets, net 9,520 326,150
855,341$ 1,126,090$
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current liabilities:
Accounts pa
y
able 21,320$ 60,978$
Accrued liabilities 49,348 39,724
Income taxes pa
y
able 19,742 63,491
Accrued restructurin
g
costs 161,198 -
Deferred income 27,677 64,055
Current portion of obli
g
ations under capital leases and lon
g
-term debt 470 1,769
Total current liabilities 279,755 230,017
Non-current obli
g
ations under capital leases and lon
g
-term debt - 564
Convertible subordinated notes 275,000 -
Deferred tax liabilities 23,042 37,824
Commitments and contin
g
encies (Note 8)
PMC special shares convertible into 3,373 (2000 - 3,746)
shares of common stock 5,317 6,367
Stockholders' equit
y
Common stock and additional paid in capital, par value $.001:
900,000 shares authorized; 165,702 shares issued and
outstandin
g
(2000 - 162,284) 824,321 796,229
Deferred stock compensation (4,186) (43,128)
Accumulated other comprehensive income 25,492 32,563
Retained earnin
g
s (accumulated deficit) (573,400) 65,654
Total stockholders' equity 272,227 851,318
855,341$ 1,126,090$
See notes to the consolidated financial statements.
December 31,